(Bloomberg) — A brutal year for US stocks is drawing to a close with little conviction on Wall Street that the outlook is brightening anytime soon. After charting a rebound since October on speculation the Federal Reserve is nearing the end of its most aggressive rate hikes in decades, stock prices have retreated over the […]
Read More(Bloomberg) — For all its twists and turns, the 2022 market has also been a story of patterns repeating. Stocks fall, shorts cover, quants buy, then everyone jumps back in just in time to get torched. It’s happening again. After a month of drawing down positions, investors poured $25 billion in stocks in the week […]
Read More(Bloomberg) — Order is being restored in financial markets, a frightening development for equity bulls. For the first time in a long time, news that was bad for the economy was bad for the stock market as well, more proof that recession fear has replaced inflation angst as that market’s biggest bugaboo. That bonds took […]
Read More(Bloomberg) — US equity futures slid along with Asian stocks on Monday and the two-year Treasury yield reached the highest since 2007 after Federal Reserve Chair Jerome Powell signaled higher-for-longer interest rates. Contracts for the tech-heavy Nasdaq 100 and the S&P 500 fell 1% or more, while bourses in Japan, South Korea and Australia shed […]
Read More(Bloomberg) — Investors have resumed shunning global stocks in favor of bonds, according to Bank of America Corp. strategists, who say the time is right to step back from US equities after the strong rally in July. Global equity funds had outflows of $2.6 billion in the week through Aug. 3, according to a note […]
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) — 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) — 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) — Mark Spitznagel is paid to be prepared for when the market’s weakest links are exposed in a big way. Right now, the Universa Investments founder, whose fund aims to protect clients during black swan events, says the financial system is most vulnerable to “the greatest credit bubble of human history.” “If this credit […]
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) — 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) — A two-year run in stocks that began at the depths of the coronavirus panic and became one of most powerful bull markets on record is on the brink of extinction. The S&P 500 slipped as much as 2% on Friday, pushing it 20% below its record closing high on Jan. 3. The drop […]
Read More(Bloomberg) — The selloff in global risk-assets against a backdrop of surging inflation and slowing growth is only getting started, some market participants believe. Faced with an increasingly hawkish Federal Reserve, the risks posed by Russia’s invasion of Ukraine and China’s strict Covid policies, the MSCI All Country World Index is nearing a bear market. […]
Read MoreThe bear market for stocks isn’t over. In fact, it may have a ways to go. This bottom-fishing is more reminiscent of the “slope of hope” that bear markets typically descend than the “wall of worry” bull markets like to climb. That doesn’t mean the U.S. stock market couldn’t mount an impressive rally from current […]
Read More(Bloomberg) — Cliff Asness knows only too well the pain from an extended period of underperformance. Yet that’s not stopping the quant pioneer from taking Cathie Wood’s ARK Investment Management to task for its defense of the firm’s embattled exchange-traded funds. Caught in the sweeping selloff of expensive tech shares, ARK products have been hammered, […]
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