Wall Street is getting greedy again
CNN
The calendar has flipped to 2022 but investors are still partying like it's 2021. Stocks remained near record levels Monday, the first trading day of the year, and investors are ramping up the greed.
The CNN Business Fear & Greed Index, which measures seven indicators of Wall Street's mood, is now showing signs of Greed, with three of the indicators at Extreme Greed levels. Just over a week ago, the index was flashing Fear warnings — and a month ago, it was in Extreme Fear territory.
Both sentiment and trading activity on Wall Street have been choppy as investors deal with ever-changing Covid developments. Still, last year was a great one for investors: The S&P 500 surged nearly 27% while the Dow and Nasdaq each gained about 20%, notching the market's third straight winning year.
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Authorities in Colombia are dealing with increasingly sophisticated criminals, who use advanced tech to produce and conceal the drugs they hope to export around the world. But police and the military are fighting back, using AI to flag suspicious passengers, cargo and mail - alongside more conventional air and sea patrols. CNN’s Isa Soares gets an inside look at Bogotá’s war on drugs.