Latest news with #Roaring20s
Yahoo
22-07-2025
- Business
- Yahoo
Veteran technician drops perfect metaphor, forecast for this market
Veteran technician drops perfect metaphor, forecast for this market originally appeared on TheStreet. Investors have struggled to ride the proverbial 'wall of worry' to record highs on the stock market. Buffeted by the volatility that followed President Donald Trump's 'Liberation Day' tariff announcement – and with continuing uncertainty about tax levies on imports – investors have been fighting a case of the nerves, struggling to trust the rally even as the numbers say they should. 💵💰 💵💰 As the Standard & Poor's 500 reached a record high closing level July 17 and the technology-heavy Nasdaq Composite registered its tenth record close of the year, the American Association of Individual Investors was reporting increasing pessimism among individual investors about the short-term outlook for equities. Optimism and neutral sentiment, meanwhile, waned. In these conditions, longtime market observers have struggled to find a parallel to today's market. They can point to the 1970s as a time of high inflation and interest rates, but the economic underpinnings were much different while there is plenty of mention of the last time the U.S. set import levies this high, those days of the Smoot-Hawley Tariffs were about a century ago, and no investor alive today recollects the market sentiment as the Roaring 20s came to a halt. Without being able to draw on a true market parallel, investors are flailing, unsatisfied with analogies and metaphors that have fallen short amid whipsaw headline risks. Amid that uncertainty, a veteran technical analyst's forecast for market results this year hasn't wavered or changed, even in the face of the April headlines and correction. He has seen his prediction not only hold up, but also deliver a flawless metaphor for the market's action in the first half of 2025. The market's action in 2025 defines 'clear-air turbulence' Mariner Wealth Advisors Chief Investment Strategist Jeff Krumpelman entered 2025 with a forecast of the Standard & Poor's 500 ending the year at or near $6,600, and with a theme that investors would live through 'clear-air turbulence.' Clear-air turbulence is an aviation term, and while Krumpelman is neither a pilot nor an aviator, he said on the Money Life with Chuck Jaffe podcast that 'it perfectly describes what's happened this year.' The U.S. Federal Aviation Administration (FAA) defines clear-air turbulence as sudden and severe air disturbances occurring in cloudless skies or between and among non-threatening cloud patterns that result in violent buffeting of aircraft. It is a higher-altitude phenomenon – typically occurring above 15,000 feet – that can drop a plane hundreds of feet in seconds. More on investing: The stock market is being led by a new group of winners Opendoor stock is another AMC or GameStop Warren Buffet has harsh words for stock market investors Sometimes called 'air pockets,' these bumps are hard to avoid because they are not visible in clear-air conditions. Krumpelman said that for all of the anxiety over the headlines, the economy is showing 'clear blue sky hard-data fundamentals.' 'And yet, you've got policy concerns and speculation about it that have caused us to hit these air pockets,' Krumpelman said. 'Through good pilot navigation and communication, you climb back to your original altitude and you get to your destination, you get your decent returns, but boy are you white-knuckled and you kiss the ground when you get there.' The stock market was struggling against headwinds after peaking in mid-February, but it hit an air pocket with Liberation Day on April 2, losing more than 12% of its value in six trading days. The path to S&P 6,600 by year's end Krumpelman says that while market reactions to subsequent tariff announcements have become increasingly muted, he sees more turbulence ahead, even as the market has recaptured record-breaking levels and is poised for more. Krumpelman says that the clear-air turbulence theme helped him and Mariner – which managed roughly $250 billion in assets – stay the course on the forecast with which they entered the year. He noted that a majority of financial firms 'have changed their price targets and their odds of recession time and again. They were bullish going into the year. They turned bearish around April. Then they turned bullish again….It can actually cause wealth destruction. It can cause premature selling activity, and it's just not helpful.'We've had a consistent message. It's been psychology and psychiatry that has caused [price/earnings ratios] to go from 22 to 18 back to 22,' he added. 'P/E volatility is self-correcting if the data remains solid. And I'm not going to sit here and tell you that absolutely, we know with 100% certainty that this data is going to continue to trend in a positive direction but…the data is solid.' When the market sells against solid market data, Krumpelman says he sits tight. He has held his ground on 6,600 based on an assumed price/earnings level that he considers reasonable. 'And if everything is moving forward and it looks like earnings are going to continue to progress, margins are going to hold up, interest rates are going to stay at reasonable levels, we'll have a higher earnings figure 12 months from now,' Krumpelman said on the July 18 edition of Money Life. 'And we could be above 7,000 12 months forward.' Krumpelman noted that the firm is always looking one year out and puts a 60 to 65% probability on the 6,600-7,000 range within 12 months, with a 30% chance that 'the market goes nowhere.' Krumpelman said this would happen with 'continued, changing mixed news on tariffs that do drive inflation up just a little bit, that do slow things down, that have lingering impacts on CEO confidence, [making for] earnings that are just a little bit lighter than anticipated, and P/Es a little bit lighter. That takes us to nowhere over the next 12 months.' Krumpelman noted that what is not in the forecast for the next 12 months is a recession, because 'it's just not in the data.'Veteran technician drops perfect metaphor, forecast for this market first appeared on TheStreet on Jul 22, 2025 This story was originally reported by TheStreet on Jul 22, 2025, where it first appeared. Sign in to access your portfolio
Miami Herald
22-07-2025
- Business
- Miami Herald
Veteran technician drops perfect metaphor, forecast for this market
Investors have struggled to ride the proverbial "wall of worry" to record highs on the stock market. Buffeted by the volatility that followed President Donald Trump's "Liberation Day" tariff announcement – and with continuing uncertainty about tax levies on imports – investors have been fighting a case of the nerves, struggling to trust the rally even as the numbers say they should. Don't miss the move: Subscribe to TheStreet's free daily newsletter As the Standard & Poor's 500 reached a record high closing level July 17 and the technology-heavy Nasdaq Composite registered its tenth record close of the year, the American Association of Individual Investors was reporting increasing pessimism among individual investors about the short-term outlook for equities. Optimism and neutral sentiment, meanwhile, waned. In these conditions, longtime market observers have struggled to find a parallel to today's market. They can point to the 1970s as a time of high inflation and interest rates, but the economic underpinnings were much different then. Related: Analyst who forecast Rocket Lab rally below $10 updates outlook And while there is plenty of mention of the last time the U.S. set import levies this high, those days of the Smoot-Hawley Tariffs were about a century ago, and no investor alive today recollects the market sentiment as the Roaring 20s came to a halt. Without being able to draw on a true market parallel, investors are flailing, unsatisfied with analogies and metaphors that have fallen short amid whipsaw headline risks. Amid that uncertainty, a veteran technical analyst's forecast for market results this year hasn't wavered or changed, even in the face of the April headlines and correction. He has seen his prediction not only hold up, but also deliver a flawless metaphor for the market's action in the first half of 2025. Mariner Wealth Advisors Chief Investment Strategist Jeff Krumpelman entered 2025 with a forecast of the Standard & Poor's 500 ending the year at or near $6,600, and with a theme that investors would live through "clear-air turbulence." Clear-air turbulence is an aviation term, and while Krumpelman is neither a pilot nor an aviator, he said on the Money Life with Chuck Jaffe podcast that "it perfectly describes what's happened this year." The U.S. Federal Aviation Administration (FAA) defines clear-air turbulence as sudden and severe air disturbances occurring in cloudless skies or between and among non-threatening cloud patterns that result in violent buffeting of aircraft. It is a higher-altitude phenomenon – typically occurring above 15,000 feet – that can drop a plane hundreds of feet in seconds. More on investing: The stock market is being led by a new group of winnersOpendoor stock is another AMC or GameStopWarren Buffet has harsh words for stock market investors Sometimes called "air pockets," these bumps are hard to avoid because they are not visible in clear-air conditions. Krumpelman said that for all of the anxiety over the headlines, the economy is showing "clear blue sky hard-data fundamentals." "And yet, you've got policy concerns and speculation about it that have caused us to hit these air pockets," Krumpelman said. "Through good pilot navigation and communication, you climb back to your original altitude and you get to your destination, you get your decent returns, but boy are you white-knuckled and you kiss the ground when you get there." The stock market was struggling against headwinds after peaking in mid-February, but it hit an air pocket with Liberation Day on April 2, losing more than 12% of its value in six trading days. Krumpelman says that while market reactions to subsequent tariff announcements have become increasingly muted, he sees more turbulence ahead, even as the market has recaptured record-breaking levels and is poised for more. Krumpelman says that the clear-air turbulence theme helped him and Mariner – which managed roughly $250 billion in assets – stay the course on the forecast with which they entered the year. He noted that a majority of financial firms "have changed their price targets and their odds of recession time and again. They were bullish going into the year. They turned bearish around April. Then they turned bullish again….It can actually cause wealth destruction. It can cause premature selling activity, and it's just not helpful. Related: Veteran analyst drops surprise call on Tesla ahead of earnings "We've had a consistent message. It's been psychology and psychiatry that has caused [price/earnings ratios] to go from 22 to 18 back to 22," he added. "P/E volatility is self-correcting if the data remains solid. And I'm not going to sit here and tell you that absolutely, we know with 100% certainty that this data is going to continue to trend in a positive direction but…the data is solid." When the market sells against solid market data, Krumpelman says he sits tight. He has held his ground on 6,600 based on an assumed price/earnings level that he considers reasonable. "And if everything is moving forward and it looks like earnings are going to continue to progress, margins are going to hold up, interest rates are going to stay at reasonable levels, we'll have a higher earnings figure 12 months from now," Krumpelman said on the July 18 edition of Money Life. "And we could be above 7,000 12 months forward." Krumpelman noted that the firm is always looking one year out and puts a 60 to 65% probability on the 6,600-7,000 range within 12 months, with a 30% chance that "the market goes nowhere." Krumpelman said this would happen with "continued, changing mixed news on tariffs that do drive inflation up just a little bit, that do slow things down, that have lingering impacts on CEO confidence, [making for] earnings that are just a little bit lighter than anticipated, and P/Es a little bit lighter. That takes us to nowhere over the next 12 months." Krumpelman noted that what is not in the forecast for the next 12 months is a recession, because "it's just not in the data." Related: Morgan Stanley resets S&P 500 target for 2026 The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
The Sun
30-04-2025
- Entertainment
- The Sun
Recently reunited noughties pop band accidentally reveal secret Glastonbury set live on TV
A HIP-HOP duo have got fans going by confirming their spot at Glastonbury during a livestream - while the news was outed by presenter Roman Kemp. The pop stars, who rose to fame in the Noughties, have recently reunited after their shock split in 2015. 5 5 Mama Do The Hump stars Jordan "Rizzle" Stephens and Harley "Sylvester" Alexander-Sule are set to play Glastonbury this summer - but the news was blurted out by host Roman. Jordan was appearing live on Arsenal 's pre-match show when the presenter declared the big news. Kemp stated: "You're playing Glastonbury this year." The alarmed singer noted: "I haven't actually announced that yet…" The DJ corrected himself: "You're not playing Glastonbury this year..." Jordan - who has been in a relationship with Little Mix's Jade Thirlwall since 2020 - admitted: "It's gonna come out at some point." "Last time was like 10 years ago. New album too, can't wait," echoed a second. A third delighted fan wrote: "Hopefully introduced by Huey Morgan." Their debut album, Stereo Typical, was released in 2011 and Roaring 20s followed in 2013. Both albums reached number 5 in the UK charts. The pair also had several chart-topping songs, including a collaboration with Olly Murs Heart Skips a Beat which reached number one in 2012. Harley previously said about their split: "We were both, very much not in a position to be pop stars at that time." Jordan added: "But yeah, we took a break because I was doing loads of drugs. "I had crippling anxiety." The pair both agreed their health was suffering because of their music careers. Reminiscing on the exact day the pair decided to take a step back from the limelight, Harley said: "It was one of the most depressing days of my life." He explained that he experienced a panic attack after performing at a festival. "Performing in front of 15, 20,000 people or whatever, and coming off and feeling worse than you did when you went on stage. I was like, that's not right," he said. "And I think we both just looked at each other like yeah, nah that's not the one." The Down With The Trumpets hitmakers are also heading to Brighton in May, London's Somerset House and Manchester's Castlefield Bowl in July, plus The Cotswolds' Big Feastival in August. 5 5 5
Scottish Sun
30-04-2025
- Entertainment
- Scottish Sun
Recently reunited noughties pop band accidentally reveal secret Glastonbury set live on TV
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A HIP-HOP duo have got fans going by confirming their spot at Glastonbury during a livestream - while the news was outed by presenter Roman Kemp. The pop stars, who rose to fame in the Noughties, have recently reunited after their shock split in 2015. Sign up for the Entertainment newsletter Sign up 5 Rizzle Kicks' Glastonbury news was announced by accident Credit: Getty 5 The hip hop duo are back with a bang and heading to Worthy Farm Credit: Handout Mama Do The Hump stars Jordan "Rizzle" Stephens and Harley "Sylvester" Alexander-Sule are set to play Glastonbury this summer - but the news was blurted out by host Roman. Jordan was appearing live on Arsenal's pre-match show when the presenter declared the big news. Kemp stated: "You're playing Glastonbury this year." The alarmed singer noted: "I haven't actually announced that yet…" The DJ corrected himself: "You're not playing Glastonbury this year..." Jordan - who has been in a relationship with Little Mix's Jade Thirlwall since 2020 - admitted: "It's gonna come out at some point." Fans commented on social media: "Yay, I hope I can see them," "Last time was like 10 years ago. New album too, can't wait," echoed a second. A third delighted fan wrote: "Hopefully introduced by Huey Morgan." Their debut album, Stereo Typical, was released in 2011 and Roaring 20s followed in 2013. Rizzle Kicks' Jordan Stephens reveals shock drug overdose & cocaine addiction Both albums reached number 5 in the UK charts. The pair also had several chart-topping songs, including a collaboration with Olly Murs Heart Skips a Beat which reached number one in 2012. Harley previously said about their split: "We were both, very much not in a position to be pop stars at that time." Jordan added: "But yeah, we took a break because I was doing loads of drugs. "I had crippling anxiety." The pair both agreed their health was suffering because of their music careers. Reminiscing on the exact day the pair decided to take a step back from the limelight, Harley said: "It was one of the most depressing days of my life." He explained that he experienced a panic attack after performing at a festival. "Performing in front of 15, 20,000 people or whatever, and coming off and feeling worse than you did when you went on stage. I was like, that's not right," he said. "And I think we both just looked at each other like yeah, nah that's not the one." The Down With The Trumpets hitmakers are also heading to Brighton in May, London's Somerset House and Manchester's Castlefield Bowl in July, plus The Cotswolds' Big Feastival in August. 5 Mama Do The Hump stars Jordan "Rizzle" Stephens and Harley "Sylvester" Alexander-Sule Credit: PA 5 The iconic stars will be performing in Somerset Credit: Getty
Forbes
19-04-2025
- Entertainment
- Forbes
Behind The Reinvention Of The Palace, Madrid
From The Gritti Palace in Venice to The Savoy in London, some of the world's most sought-after hotels date back many years. They may ooze heritage from their walls, yet they remain relevant in a modern climate due to their continual reinvention. One such hotel is The Palace in Madrid, recently metamorphosed as a Luxury Collection Hotel after a two-year renovation. The restored facade has been an important part of the renovation. Dating back to 1912, The Palace is one of Spain's most important hotels. Not only was it the first to have telephones in its rooms (you can see one of the original, white 'listening devices' in the bar) but it was also the first in the country (and the second in the world) to have private toilets in the bedrooms. From the minute it opened its doors, the hotel, found in the heart of Madrid's Barrio de las Letras district, attracted the world's glitterati, with names such as Salvador Dalí, Mata Hari, Ernest Hemingway and. Federico García Lorca checking in and hanging out here. The bar, 27 Club, takes you back to the Roaring 20s. Off the lobby, the 27 Club is an atmospheric, wood-panelled bar that pays tribute to this era. Once called the Museo Bar, it retains its feel as a 'living museum', with 70 illustrations inspired by the hotel's historical archives on the walls and memorabilia and original guest books housed in glass cases. Look closely at one of the books and the vintage, looped handwriting reads 'Pablo Ruis Picasso' followed by 'Marquis de Arneva' to give a snapshot of the calibre of guests that were guests at the hotel. From a 1912 John Collins to a Whisky Sour 1927—the cocktail list is a celebration of the classics from the pre-prohibition and prohibition eras, reinterpreted with a contemporary approach. Deep velvet armchairs, wooden tables and honey-hued lighting also give a nod to the Roaring 20s; yet a modern-day soundtrack and the buzz of tourists enjoying pre-dinner drinks feels 'of the moment'. Check in to The Palace and stay in a landmark building in Madrid. Taking two years to complete, much of the hotel's important architectural restoration work was overseen by Ruiz Larrea Arquitectura. The hotel's grand façade was taken back to its original 1912 splendour. Spanning 8,000 square metres, experts returned the building back to its 'Palace colour', a warm beige, which is contrasted with terracotta details. Also unveiled are floral ornaments and garlands that haven't been visible for decades: the result is a grand, wedding-cake-like aesthetic. The iron and stained glass dome over La Cupula restaurant has been meticulously restored. Inside the building, meanwhile, the grand lobby features restored leaded glass and marble panels; while wooden desks and booths hark back to the 1920s roots. Most spectacular of all is the restoration of the hotel's iconic stained glass and iron dome that presides over the hotel's La Cupula restaurant. The masterpiece was designed in 1912 by Eduardo Ferrés i Puig and was executed by master glaziers Maumejean. This monumental structure, composed of 1,875 glass panes, was restored through a painstaking process that involved over 100 specialists dismantling each piece and restoring each to their original colours. Now taking pride of place under the dome is a stunning glass palm tree chandelier, that once stood in the hotel lobby, and which has returned to its original position. The rooms and suites have been inspired by the nature and culture of Madrid. When it comes to the hotel's reimagined interiors, acclaimed designer Lázaro Rosa-Violán was at the helm. Inspired by the famous artists that once stayed here, as well as celebrating the artistic vibrancy of the city of Madrid, rooms feel sumptuous with elegant finishings and a rich colour palette. Underfoot, the hotel's corridors have wool carpets which are adorned with mythical creatures and optical illusions so it feels like you are walking through an enchanted forest. On the walls there is a series of bespoke paintings that also play with the viewer's perception, revealing animals or machines depending on the viewing angle, adding an element of surprise as you approach your room. The feel is like a refined, private apartment. All of the 470 guestrooms and suites have been redesigned and are an ode to the spirit of Madrid. Dreamy, hand-painted wallpapers, for example, that sit behind the bed, and are found in lounge areas, depict the trees and landscapes of the nearby El Retiro Park; while the mosaics in the bathrooms show an aerial view of the Royal Botanical Gardens. Elements, such as marble fireplaces, parquet flooring, Mid-Century-style chandeliers and velvet textiles, in gold, russet and petrol blue, add a layer of finesse, as if you've arrived in a distinguished home. Some suites feature 'hidden' gold bath-tubs that you can access from the bedroom; while others have pink marble vanities. Frette sheets and toiletries from Aqua di Parma and Byredo also bring a touch of luxury to a stay at The Palace. The grand lobby transports you back in time. Facing the city's recently restored Neptune Fountain, with the Thyssen-Bornemisza National Museum and the Prado museum within walking distance, The Palace is located within the Paisaje de Luz, or Landscape of Light, which has been recognized by UNESCO as a World Heritage Site. In short, Madrid's rich sense of history is all around you, with many of the city's must-sees on the doorstep. The 300-year-old Sobrino de Botin–the oldest restaurant in the world, serving its famous suckling pig—is a 15-minute walk away; while the oldest bakery in the city, Antigua Pasteleria del Pozo, which has served traditional pastries wince 1830, is a five-minute stroll away. The character of Madrid is unmistakeable and it remains a city that exudes its own unique charm with many of its historic shops not priced out by big high street chains. Seek out La Violeta, which dates back to 1915 and still serves beautifully-packaged violet candies (a Madrid speciality); and restaurants, such as the Bodega de Las Ardosa, founded in 1892. La Cupula celebrates the culinary heritage of Madrid. The Palace, a Luxury Collection Hotel, feels like a witness to the real story of the city. Dining in The Cupula, this ambiance comes alive, with walls hung in 16th-century tapestries and a menu that references Madrid's deep-rooted culinary traditions. Standout dishes, made with locally sourced ingredients, are inspired by the hotel's past guests, including Pablo Picasso's Waldorf Salad and Julio Camba's Steak Tartare. Starters include a platter of Iberian Ham and a Tomato and Lobster Salad; while the stars of the mains are made for two: such as The Palace Beef Wellington and a classic Prawn Paella. Make sure you leave room for the unique, retro wooden dessert trolley—with drawers that open to reveal handmade truffles, macarons and sweet specialities. The Palace, a luxury Collection Hotel, Madrid, combines heritage with modernity. Based in its central location, it doesn't take much to get under the skin of Madrid, but if you are looking for recommendations or a booking to an authentic Flamenco performance, such as at Tablao de la Villa, ask one of the concierge team, headed up by David Fernando. They are dressed, like all front-of-house staff, in smart, royal blue uniforms, in an almost-Wes Anderson-style. Designed by Spanish fashion designer, Juanjo Oliva, they are effortlessly stylish yet rooted in tradition, much like the hotel itself.
