(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) — Don’t let optimism among equity analysts fool you: Earnings forecasts are likely to be slashed as spiraling inflation and rising interest rates put the brakes on spending. That’s the view from the latest Bloomberg MLIV Pulse survey, with 65% of 629 respondents saying analysts are “behind the curve” factoring in the damage. The […]
Read More(Bloomberg) — Whether it’s commendable courage or a refusal to face reality, a receding stock market tide has left Wall Street analysts sitting with price predictions that will take more than a little luck to come true. Bear-market casualties from Peloton Interactive Inc. to Coinbase Global Inc. are forecast by equity handicappers to double, going […]
Read More(Bloomberg) — Stocks extended a climb Monday, bolstered by the technology sector, as investors evaluated whether inflation is close to cresting and the chances of skirting a recession amid monetary tightening. An Asian share index jumped over 1%, helped by Chinese tech firms as well as gains in Japan. US futures inched lower in the […]
Read More(Bloomberg) — Stocks are poised to start the week under pressure after a robust US jobs report left the door open for the Federal Reserve to maintain an assertive stance on inflation. Futures fell in Japan and Australia. The S&P 500 retreated for an eighth week in nine. Chinese shares traded in the US declined, […]
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) — 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 […]
Read More(Bloomberg) — Shares of companies renowned for potentially innovative and disruptive products took a gut punch in the past year, but a senior executive at Goldman Sachs Asset Management has a simple message for investors in them: Keep the faith. Katie Koch, chief investment officer for public equities at GSAM, joined the “What Goes Up” […]
Read More(Bloomberg) — Cyclical shares tied to the U.S. economy’s health including banks, homebuilders and transports are struggling against the broader stock market, a telltale sign that investors remain hesitant to pour money into riskier corners of the market, according to BTIG, a U.S. brokerage firm. The S&P 500 Index has rebounded 8% since Russia’s invasion […]
Read More(Bloomberg) — Stocks are still in a bull market, the U.S. isn’t headed toward a recession anytime soon and the Federal Reserve is more likely than not to orchestrate a soft landing, according to UBS Asset Management’s Jeremy Zirin. “The risk-reward from here is fairly balanced,” said Zirin, senior portfolio-manager and head of private client […]
Read More(Bloomberg) — Hedge funds distrust it, a clutch of strategists say it’s doomed, and the Federal Reserve probably wishes it would stop. But a fearsome stock market rally that has been giving prognosticators fits is refusing to go away. A final-hour surge Friday salvaged a third straight up week for the S&P 500 — barely […]
Read More(Bloomberg) — The S&P 500 Index looks set to climb to “new rally highs” in the second half of 2022, but before that it will likely limp through a soft second quarter, according to JPMorgan Chase & Co. The index has rebounded from the bank’s favored medium-term range of support between 4,100 to 4,300, as […]
Read More(Bloomberg) –Global markets may be getting too relaxed about downside risks related to war in Ukraine, strategists at Goldman Sachs Group Inc. said, warning that current prices no longer reflect more negative scenarios. The recent outperformance of European assets and a reversal of sharp gains for oil prices “points to a significant relaxation in the […]
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