Mutual Funds Weekly: Veteran investors say cash is trash as momentum rockets stocks

Don’t miss these top money and investing features: How hot does a stock market melt-up get before it flames out? Investors will find out if U.S. stocks keep moving higher — and some shareholders already are feeling a bit flush. This week’s digest takes the temperature of the market, beginning with veteran investor Ray Dalio … Read more

The Wall Street Journal: Bill Ackman’s Pershing Square announces stake in Nike

William Ackman’s Pershing Square Capital Management LP has taken a passive stake in Nike Inc., based on a belief in the sneaker giant’s long-term growth prospects. Ackman announced the position, accumulated since October, at an event for his investors Thursday evening, according to a person familiar with the matter. It isn’t clear how big the … Read more

Earnings Results: Intel shares top 17-year high in late trading after earnings, discussion of security challenges

Intel Corp. shares rallied in the extended session Thursday after the chip maker reported quarterly earnings that topped Wall Street views, driven by double-digit data-center growth, and forecast a strong outlook for 2018. Intel INTC, -0.46%  stock gained after earnings were released and then seemed to get a second wind after Chief Executive Brian Krzanich … Read more

The Wall Street Journal: Trump’s proposal: Citizenship path for Dreamers in exchange for wall funding, immigration restrictions

WASHINGTON — President Donald Trump proposed a path to citizenship for nearly 2 million undocumented immigrants brought to the U.S. as children, if lawmakers agree to create a $25 billion fund to expand barriers along the Mexico border and makes other changes to the immigration system. The proposal, presented to Senate leaders on Thursday, would … Read more

Mark Hulbert: Rising short-term bond yields won’t kill the stock market’s momentum

Are you spooked by the two-year Treasury yield rising above the S&P 500’s dividend yield? You shouldn’t be. To be sure, many analysts disagree. They have been circulating a version of the chart below, pointing out that the summer of 2008 was the last time the two-year yield was higher than the market’s dividend yield. … Read more

Key Words: Former Republican Party chief and seminarian Steele lays into Trump-backer evangelicals

MSNBC Onetime Catholic seminarian Steele lashes out at evangelicals over Trump apologism. Michael Steele, long before he served as lieutenant governor of Maryland or chairman of the Republican National Committee, was an Augustinian seminarian. He just didn’t sound like it late Wednesday on MSNBC, speaking to the evangelical Christians who’ve explicitly or implicitly extended to … Read more

Making America great again by destroying the dollar is bad for the average U.S. investor

No politician in the United States wants Americans to be worse off and deliberately take steps that are bad for an average American investor. However the policy of destroying the dollar, though well-intentioned, will lead to American investors being worse off in the long term. In the short term, investors are celebrating a lower dollar. … Read more