(Bloomberg) — Get ready for a fresh slump in the world’s most-watched stock index, as economic growth fears spiral and the Federal Reserve embarks on its biggest policy-tightening campaign in decades. With the S&P 500 flirting with a bear market last week and notching more than $1 trillion in losses, participants in the latest MLIV […]
Read More(Bloomberg) — Calling the bottom in the tech-sector meltdown isn’t easy, even after a $5.5 trillion wipe-out, yet there are some signals giving investors hope. Tech stocks have been hammered this year as rising interest rates, slowing economic growth and soaring inflation form a perfect storm of negative catalysts. That’s hurt everyone from retail investors […]
Read More(Bloomberg) — Seven straight weeks of losses for American stocks and now a narrowly averted collision with a bear market have left Wall Street prognosticators as lost as they were during the coronavirus crash. While this episode may lack the pandemic’s shock, it makes up for it in the sheer number of cross-currents. First and […]
Read More(Bloomberg) — From Apple Inc. to Tesla Inc., some of the biggest names in the S&P 500 Index are fueling a relentless selloff that briefly pushed the broad equities benchmark into bear market territory on Friday. The S&P 500 fell as much as 2.3%, bringing its decline to more than 20% from its record closing […]
Read More(Bloomberg) — It could only matter to a statistician: the S&P 500’s late-day bounce kept it from closing 20% below its last record, averting the most curmudgeonly definition of a bear market. For now. To Wall Street analysts trying to keep pace, it’s another twist in a baffling year. But for market historians, it can’t […]
Read More(Bloomberg) — Marko Kolanovic is resolute that things can get better for U.S. stocks as the year progresses, even with the S&P 500 tumbling and bullish catalysts seeming rare these days. “We can climb out of this hole,” Kolanovic, JPMorgan Chase & Co.’s co-head of global research, said in an interview last week in his […]
Read More(Bloomberg) — Optimism may be in short supply for equity investors caught in the downdraft of volatile global markets, but pockets of shelter are emerging. From banks benefiting from interest-rate hikes to stocks offering high dividend yields and cheap valuations, portfolio managers and strategists are finding areas of resilience. Those willing to stomach high volatility […]
Read More(Bloomberg) — The rout in stocks isn’t over just yet, according to Morgan Stanley strategists, who see scope for both US and European equities to correct further amid mounting concerns of slowing growth. Strategist Michael Wilson, who has long been a skeptic of the decade-long bull run in US stocks, said in a note that […]
Read More(Bloomberg) — In what looks increasingly like an uncharacteristic bout of bad timing, retail investors who hung tough during the selloff in January and February are now taking money off the table just as stocks are rallying. Evidence of a retail pullback was visible in data from several Wall Street banks and the U.S. options […]
Read More(Bloomberg) — No earnings? No problem. That was the message from investors this week who stormed back into the shares of faster-growing companies with little in the way of profits after months of chasing value stocks. While major benchmarks rallied, a Goldman Sachs index of unprofitable tech companies was up 18% over the five sessions. […]
Read More(Bloomberg) — Whatever happens in Ukraine or how it affects Federal Reserve policy, the outcome will land in markets where investors have had time to prepare for the worst. It may be one reason the worst has so far been avoided. They’ve been steadily boosting bets against equities, shaking off a reluctance to short tracing […]
Read MoreFear is in the air, with global equities bouncing around and havens on the rise as investors enter a decisive week that could bring a war or regional conflict to Europe, if Russia can’t be persuaded to back off a Ukraine invasion. Wall Street is off to a mixed start, but a losing day would […]
Read More(Bloomberg) — JPMorgan Chase & Co. strategists have identified what they say is a near bulletproof indicator to strengthen their argument that stock markets are poised to rally. The buy signal is triggered when the Cboe Volatility Index (VIX) rises by more than 50% of its 1-month moving average, which it last did Jan. 25, […]
Read More(Bloomberg) — Institutional investors are striking back in stocks, upending the brief and kooky reign of the retail day trader. So says veteran market-structure analyst Larry Tabb, citing a panoply of evidence including volume on legacy venues like the New York Stock Exchange as well as the quickly swelling value of shares changing hands each […]
Read More(Bloomberg) — In another week of severe equity turbulence, the S&P 500 saw three of the biggest intraday reversals of the decade, Microsoft Corp. swung 15% in 15 hours, and stock volatility doubled. In the end, for one last twist, the index rallied Friday, erasing losses for the week to post one of its smallest […]
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