(Bloomberg) — Evidence is piling up that professional speculators are now betting that the historic new-year stock rout has reached a tentative peak. Take hedge-fund activity in the manic Monday session. When the S&P 500 wiped out an intraday loss of nearly 4%, the fast money tracked by Morgan Stanley duly cut their short positions […]
Read More(Bloomberg) — After a selloff that put global stocks on course for their worst month since the start of the pandemic, strategists from Goldman Sachs Group Inc. to Citigroup Inc. say it’s now time to buy. “Any further significant weakness at the index level should be seen as a buying opportunity, in our view,” Goldman […]
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 […]
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