(Bloomberg) — Three days of heavy selling in technology stocks has erased about $1.5 trillion in market value from the Nasdaq 100 Index. The tech-heavy benchmark sank 4% on Monday, extending its decline to 10% since the Federal Reserve raised interest rates half a percentage point last week and Chair Jerome Powell signaled the Fed […]
Read More(Bloomberg) — Software shares took their hardest hit since March 2020 as investors shunned the priciest corner of the U.S. technology group that’s particularly vulnerable to higher interest-rates and slower economic growth. Tech losses were huge on Thursday with the Nasdaq 100 Stock Index sinking more than 5%. But for software makers such CrowdStrike Holdings […]
Read More(Bloomberg) — The negativity in the U.S. stock market has become so overwhelming that a rebound may not be far off, JPMorgan Chase & Co.’s strategists say. In a note to clients, analysts led by Marko Kolanovic pointed to the closely watched American Association of Individual Investors survey hitting the most bearish mark since early […]
Read More(Bloomberg) — The selloff in U.S. stocks has a lot further to go, according to one of Wall Street’s most vocal bears. “We think the S&P 500 has minimum downside to 3800 in the near term and possible as low as 3460,” Morgan Stanley’s chief U.S. equity strategist Michael Wilson said. The gloomy forecast implies […]
Read More(Bloomberg) — Massive outflows from U.S. equity funds are just getting started as the Federal Reserve ramps up its hawkish rhetoric, according to Bank of America Corp. strategists. In the week through April 20, investors pulled $19.6 billion from U.S. large caps, the largest exit since February 2018, the strategists wrote in a note dated […]
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) — As equity markets sink around the world, Morgan Stanley and Citigroup Inc. strategists say a perfect storm looks to be gathering. “Downside risk remains most acute over the next 6-8 weeks,” Morgan Stanley’s Michael Wilson wrote in a note to clients. “We are firmly in the grasp of a bear market that is […]
Read More(Bloomberg) — In the face of an increasingly chaotic geopolitical environment, equity investors should avoid panic selling and focus on the market fundamentals, according to JPMorgan Chase & Co.’s head of global equity strategy Mislav Matejka. “If one is selling on the back of the latest geopolitical developments now, the risk is of getting whipsawed,” […]
Read More(Bloomberg) — For equity markets, rising inflation was already a big concern. Russia’s attack on Ukraine means those worries just got a whole lot bigger. Vladimir Putin’s move to invade his neighbor led to a surge in the price of everything from oil and food to natural gas and aluminum, spikes that could choke economic […]
Read More(Bloomberg) — Wall Street strategists, bullish before Russia’s military buildup near Ukraine’s border, are mostly sticking to their view that stock markets can weather Europe’s brewing security crisis. For now at least. After a week of volatility, they say loose financial conditions and growing corporate profits will anchor large-cap indexes amid deteriorating relations between Moscow […]
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) — The Nasdaq Composite Index tumbled into an ominous “death cross” technical formation Friday morning for the first time since April 2020, when the pandemic battered the global economy and U.S. equity markets swooned. The index has shed 15% since touching a record high on Nov. 19. The pattern, which is used by some […]
Read MoreFiguratively speaking, starting a new year generally means not only turning the page, but also closing the book on the year before. From a practical standpoint, as investors that can be a little bit difficult, because the questions that have to be answered about the past year include not only profit and loss, but also […]
Read More(Bloomberg) — The strategists who saw this miserable stock rout coming say there’s still more pain ahead. With the S&P 500 sliding more than 10% from recent records, bears from the likes of Mizuho International Plc and Bank of America Corp. warn of fresh selling to come as growth momentum eases just as the Federal […]
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 […]
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