With another six weeks to go before we say goodbye to 2022, the S&P 500 is rallying to pull itself out of bear market territory. While no one likes to see their portfolio in the red, market corrections make for unique opportunities to buy stocks at a discount and ride them to new heights in the bull market that will invariably follow.
A huge day for most stocks lifted two beaten-up industrials, but a recent winner has turned into a big loser.
California regulators on Thursday revised their proposal for rooftop solar systems credits, a contentious matter as the state tries to expand renewable energy and respond to critics who want more equitable distribution of incentives. The new proposal offers hundreds of millions of dollars of new support for low-income customers, while excluding a monthly tax for solar homes to connect to the grid, a move critics say effectively favors richer Californians as they own the lion's share of the clean energy system. In a 250-page proposed decision, regulators outlined reforms to the so-called "net energy metering", a state policy that issues credits to solar energy customers for generating excess electricity and feeding it back to the grid.