(Bloomberg) — It’s crunch time for the buy-the-dip crowd. The S&P 500 is threatening to close below its 100-day average — having already slipped below that measure intraday Tuesday for the first time in more than three months. Drops through moving averages can be seen as concerning because they may signal a change in momentum […]
Read More(Bloomberg) –Unfazed by the stock market’s bumpy start to the year, strategists from Goldman Sachs Group Inc. to UBS Global Wealth Management reiterated their bullish calls on bets that equities can weather higher interest rates and rising bond yields. “The selloff in some long duration high quality names might be overdone soon,” Goldman strategists led […]
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 […]
Read More(Bloomberg) — The twin issues that have recently rocked stocks — the omicron coronavirus variant and a hawkish Federal Reserve — did nothing this week to deter dip buyers, who powered American equities to their best rally in 10 months. As the latest Covid-19 strain sparked fresh restrictions around the world and surging consumer prices […]
Read More(Bloomberg) — U.S. equities investors, having enjoyed a lengthy run of rich valuations during the course of the pandemic, need to pull back, especially from growth stocks as the Federal Reserve begins to tighten monetary policy, according to Dennis Gartman, University of Akron Endowment Chairman. “A bear market is required at this point,” Gartman said […]
Read MoreNothing like a little October turbulence to help the market’s weak hands get in touch with their inner bears. But don’t let their negativity rub off on you. We’re still near the beginning of what will be a multiyear bull market. Here are six reasons to buy stocks now, and six names to consider in […]
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