(Bloomberg) — Tuesday’s broad, strong stock-market bounce has raised hopes for a sustainable US equity rally, but some money managers are urging caution about investors getting ahead of themselves. JPMorgan Asset Management continues to see downside risk to corporate earnings which could weigh on stocks, while American Century Investment is waiting for more visibility on […]
Read More(Bloomberg) — US equity futures fluctuated with stocks Wednesday amid rising concern that Europe will lose access to Russian gas, sending the region into a recession that could have global repercussions. Contracts on the Nasdaq 100 and the S&P 500 erased early gains to trade slightly lower, along with the Stoxx 600 Index. In the […]
Read More(Bloomberg) — Investors slashed their exposure to risk assets to levels not seen even during the global financial crisis in a sign of full capitulation amid a “dire” economic outlook, according to Bank of America Corp.’s monthly fund manager survey. Global growth and profit expectations sank to an all-time low, while recession expectations were at […]
Read More(Bloomberg) — A yearlong rush to the exits by institutional investors has left the stock market’s foundation delicate and given to quick swings. More evidence came at around 1 p.m. in New York Monday, when what looked like a second straight green day for the S&P 500 fell apart in minutes. While news Apple Inc. […]
Read More(Bloomberg) — It’s been a chaotic, and costly, time for many investors. But 2022 is only half over and the stocks tale will probably have more twists and turns before the year is up. Coming off the worst first-half since 1970, US equities now face a triple whammy of sticky inflation, recession risks and the […]
Read More(Bloomberg) — One of Wall Street’s most prominent bears sees the current rally in US stocks extending — prior to the selloff recommencing. Morgan Stanley strategists led by Michael Wilson say the S&P 500 Index may climb another 5% to 7%, before resuming losses. “We think US equity markets can rally further,” they wrote in […]
Read More(Bloomberg) — For all the talk of bear markets and a possible recession, investors continue to pile into American equities. US stocks attracted $14.8 billion in the week to June 15, their sixth consecutive week of additions, according to Bank of America Corp. strategists, who cited EPFR Global data. In total, $16.6 billion flowed into […]
Read More(Bloomberg) — All of a sudden, the market’s back in “good-news-is-bad-news” mode. Any positive readings on the economy, particularly those on employment and inflation, can be interpreted as signals that the Federal Reserve will have to stay aggressive with its rate hiking regime. Anthony Saglimbene, global market strategist at Ameriprise Financial, joins this week’s “What […]
Read More(Bloomberg) — Stock markets are flashing a bullish signal amid tentative signs that inflation volatility is peaking, according to JPMorgan Chase & Co. strategists. As fears about hawkish central banks and a potential recession sparked a rout in US stock markets this year, the put to call open interest of S&P 500 options collapsed as […]
Read More(Bloomberg) — It might not exactly feel like it, but the stock market has been, well, kind of boring. The choppiness and seemingly constant mid-session about-faces are obscuring the bigger picture: the S&P 500 has been vacillating within a roughly 100-point range over the past two weeks. It has stayed above 4,050 since the end […]
Read More(Bloomberg) — A growing number of Wall Street strategists see last week’s stock market rebound as a head fake before more selling, as risks to the US economy and corporate earnings growth remain with stubbornly high inflation. The S&P 500 Index is drifting lower Tuesday after snapping its longest streak of weekly drops in two […]
Read More(Bloomberg) — Stocks in Asia are poised to open steady Tuesday as investors remain cautious about whether central banks can raise interest rates to rein in inflation without derailing growth. Oil gained after the European Union backed a push to ban some Russian oil. Futures inched lower in Japan, Australia and Hong Kong. US contracts […]
Read More(Bloomberg) — Have stocks stopped being expensive? Among bulls, hope is coalescing around valuation metrics that could support that view, though with so many caveats they require a big dose of courage to heed. After falling 15% this year, the S&P 500 is trading around 4,000. According to analysts tracked by Bloomberg, its members will […]
Read More(Bloomberg) — The selloff in equities will reach a bottom once the Federal Reserve signals the end of tightening, which may not happen until recession is apparent, according to Goldman Sachs Group Inc. “It may be necessary for the market to become more confident than it is that financial conditions tightening has been sufficient and […]
Read More(Bloomberg) — Even as the S&P 500 on Friday narrowly avoided plunging into a bear market, Morgan Stanley strategists say it’s too early to turn optimistic on stocks. “Equity clients are bearish, a necessary condition for a sustainable low, but an insufficient one,” strategists led by Michael Wilson wrote in a note on Monday. “Given […]
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