Zero Hedge
Good question. Almost every source seems to be cheering for the market to implode. They seem almost giddy that maybe, just maybe, Iran is going to break the economy and - finally - get Trump.
You should avoid financial news and stick to your long term plan. Personally I only check facts and ignore the narrative. In addition to political bias the advertisers objective is to scare you into buying their products so financial news is biased behind political.
Jim Cramer. Apparently he’s never wrong.
If you must , then Nancy Pelosi.
But I don't know any market news that doesn't try to teach you to hate America or hate Trump or hate white skin, etc.
Elevator in Goldman saks
You’re gonna fuss at me, but I often go to Bloomberg. Amongst all the anti-Trump and anti-conservative reporting they quite often have real news, and also sometimes breaking news.
I’ve been a news junkie for 60 years, so I’m able to filter out a lot of the noise and glean real news from the legacy media. But I don’t rely on any one source - I surf all of them.
And you’re correct about the WSJ - it has become a joke, and it’s a shame that such a respected brand has ruined itself.
Avoid daily market updates and like news as it creates emotions and those emotions often lead to poor choices.
In my early retirement planning I was the emotional one and severely regret it, as our retirement could likely be twice what it is.
Once we retired I went to a financial planning place and just let them put everything in a long term plan. The only time I see my financial planner is once a year when I get the required withdrawal. I’m happier for it.
Don’t worry over something you have no control over.
And all this negative BS about Trump’s economy is just that, it’s BS.
EDGAR.gov for SEC Filings, commerce and BLS for aggregate data, fed for projections based on the data.
Sorry, but anyone worried ‘media bias’ in financial reporting really ought to just pick a small handful of index-based ETFs and bond funds - maybe a REIT or 2 - and then just set it and forget it.
Complaining about political bias in financial reporting is a recipe for losing your butt. The herd mentality dominates opinionated ‘reporting’ more than anything else and it is actually universal — the herd says chop ahead, the herd says smooth sailing upwards. Been true for my entire 30 years of investing, hasn’t changed.
Through 6 administrations now - I don’t give a damn what party controls what and I just read all the standard sources with a jaundiced eye; then follow-up, read the data, and make my decisions appropriately.
I keep my politics and my money in two separate rooms. Hasn’t failed me yet.
I am a financial news junkie, but I am not committed to one site. I do follow, Zero Hedge, FOX Business,, CNBC, Bloomberg and Marketwatch.I guess if I had to pick the top two, it is CNBC and Fox Business.
Read Trump between the lines........................
Fox Business, Charles Paine.
back in the day, it used to be wall street journal: i read it cover-to-cover for decades and got a pretty good financial education that way ... however, like all other publications they’ve subsequently turned leftist, but i don’t know how much that’s affected their financial articles, plus they no longer offer cheap subscriptions ... of course, there’s always the library, most of whom offer online availability of beau coup publications to library account holders ...
You also might want to read Peter Lynch’s book. A proponent of value investing, Lynch wrote and co-authored a number of books and papers on investing strategies, including One Up on Wall Street, published by Simon & Schuster in 1989, which sold over one million copies.
a few words of advice:
1. never let someone else manage your investments.
2. personally, i’m a value investor, and don’t chase the latest get-quick-rich scheme like the crypto nonsense ... also i don’t believe in so-called “technical analysis”, which is a voodoo “science” that purports to predict the market future based on past performance as divined from various charts.
3. always buy ETFs instead of mutual funds, except money-market funds ... stay away from proprietary mutual funds except money-market funds, proprietary meaning funds managed by your brokerage
4. there’s plenty of investment opportunities in the USA without needing to go foreign, except for global petroleum corporations ...
4. it’s hard to do better than Schwab as a “broker”, really just a place to buy and sell and hold your securities
5. max out any opportunity you have for tax-deferred IRAs ... increase your amounts whenever you get a raise
6. one good long term investment strategy is to buy into corporations that provide the foundation for modern civilization, like petroleum producers ...
7. hoard your cash, study the market and the stocks you’re interested in, and IF/WHEN there’s a big buying opportunity when everyone else is panicking, buy your babies being thrown out with the bathwater ...
Since the 90s at least if not longer the “mainstream journalists” from liberal J schools marched through the WSJ reporting corps. Left wing fake news took over the whole paper except for the editorial pages. The editorial board is closer to NE country club liberals like the Bushes. Still stuck on the “free trade” dogma rather than “fair trade”.
A better alternative to WSJ is Investors Business Daily aka investors.com. It is better but it too is infected. IBD has a digital weekend pdf like the full daily paper back when Bill O’Neil was in charge. You can read daily news by logging in to their website for financial stories (investors.com). Frequently they have the answer to “WTF is going on with XXX stock in the last few minutes?”.
On CNBC they try somewhat by letting Joe Kernan and Rick Santelli speak. Of course Maria Bartiromo is a one person financial and MAGA news franchise.
Interactive Brokers aggregates a lot of news, imo better than Schwab and Fidelity for customers.
Fox Business Channel, especially Maria Bartiromo. And kitco.com.
Seeking Alpha. Been a paid subscriber for several years and will continue to in the future. As with all information, use it as “food for thought” and not as the gospel.
Are you a trader or investor?
If you are an investor, forget the news and stick to your plan whatever that may be. Just about any study finds that you will be unable to time the market as a whole.
If you are a trader ask someone else because I am not. I don’t have the temperament for what I consider to be mostly gambling. I consider the market manipulated by news and largely operating on the bigger fool principle as well as hoping to find the next Apple, Nividia or whatever.
You will find others in this post echo at least part of my sentiment.