(Bloomberg) — The recent rebound in equity markets will prove short-lived, one of Wall Street’s most vocal bears said on Monday, advising investors to seek refuge in bonds as economic growth slows. “The bear market rally is over,” Morgan Stanley Chief U.S. Equity Strategist Michael Wilson wrote in a note to clients. “That leaves us […]
Read More(Bloomberg) — The recent rebound in U.S. stocks is a good opportunity to sell and position more defensively, according to one of Wall Street’s most vocal bears. “Last week was nothing more than a vicious bear market rally,” Morgan Stanley’s chief U.S. equity strategist Michael Wilson wrote in a note. “While it may not be […]
Read More(Bloomberg) — The S&P 500 and Nasdaq 100 indexes are coming off their best weeks since November 2020 even after a rough start to the year. But the question now for investors is whether the gains will stick. It’s a unique moment for the U.S. stock market, which is staring down a distinct set of […]
Read More(Bloomberg) — Expectations about corporate earnings growth are quickly diminishing, JPMorgan Chase & Co. quant strategists said, warning that the gloom could spell more trouble for global stock markets after an underwhelming start to the year. “Yes, there are still net upgrades, but the pace of these upgrades are very quickly nearing net EPS downgrade […]
Read More(Bloomberg) — Stocks have yet to feel the full impact of risks from elevated inflation, Federal Reserve policy tightening and geopolitical tension. So argues Philip Orlando, chief equity market strategist at Federated Global Investment Management Corp., who is braced for another leg down in equities in coming weeks and months and indicated “playing defense” is […]
Read More(Bloomberg) — Investors may be underestimating the need for “aggressive” monetary tightening from the Federal Reserve and other central banks to combat inflation, resulting in “significant risks” for markets, according to Bridgewater Associates. Following hawkish comments from the Fed Chair Jerome Powell last week, investors have brought forward expectations of tightening, pricing in five quarter-point […]
Read More(Bloomberg) — Asian stocks were mixed and U.S. equity futures slipped Monday after a Federal Reserve official flagged the possibility of sharper interest-rate increases and Chinese data signaled slower economic growth. Shares rose in Japan and fluctuated in Australia, while S&P 500 and Nasdaq 100 contracts edged lower. China and South Korea are shut for […]
Read More(Bloomberg) — How much further is the Federal Reserve willing to let stocks slide? That’s the burning question of the moment for financial markets, and Greg Jensen, co-chief investment officer at Bridgewater Associates, has an answer: as much as 20% more. That’d put the S&P 500 below 3,500, or close to where it was before […]
Read MoreMarket volatility looks set to stick around, with stock futures dropping after a wild Wall Street session that harked back to 2008, as the S&P 500 dug out of deep losses to close higher. “At one point yesterday it felt like we were in a full-blown crisis let alone a recession,” noted Deutsche Bank strategist […]
Read More(Bloomberg) — Deutsche Bank AG is betting the diverging policy paths between the Federal Reserve and the People’s Bank of China will result in U.S. equities correcting further and China’s getting a boost, joining several other Wall Street banks in making the call. The German lender’s international private banking unit downgraded U.S. equities to neutral […]
Read MoreWhile the bears have been hammering the bulls of late, we are seeing levels on two indicators that suggest some relief of recent pressure may be in the offering. And should the indexes manage to close positive Friday after a weak open, that would tend to support our speculation of relief. Recent selling pressure persisted […]
Read MoreTech bulls, the big number to watch today is: 51. If the Nasdaq were to close lower on Wednesday by about 51 points, the tech-heavy index would officially be in correction territory. And, oh what a fall it’s been. On Nov. 19, the Nasdaq closed at 16,057.44, an all-time high, only to tumble 9.65% over […]
Read MoreCoca-Cola Consolidated, Inc. (COKE) Coca-Cola Consolidated, Inc., together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, such as carbonated beverages; and still beverages, including energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, […]
Read MoreWhen 2021 comes to its finale, it will be remembered as a solid year for stocks that represented more of a bull than a bear market. The benchmark S&P 500 had more than doubled (+24%) its average annual total return of 11% over the 40 years. But for cryptocurrencies, things were more than solid – […]
Read MoreFormer Barron’s Roundtable member Felix Zulauf. ScanderbegSauer Owing to the conventions of the Gregorian calendar, this usually festive time is taken up with prognostications for the year ahead. New beginnings bring hopes for better times, which surely beats dwelling on the disappointments of the year past, I suppose. Hope isn’t a strategy, however, according to […]
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