(Bloomberg) — Stocks surged Wednesday and U.S. and European equity futures rose after China unveiled a more market-friendly policy stance, boosting investor sentiment amid the uncertainty caused by Russia’s war in Ukraine. An Asia-Pacific share gauge jumped the most since 2020 and a Chinese tech index soared a record 20%. European futures added 2%, while […]
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) — Goldman Sachs Group Inc. strategists lowered their forecast for U.S. stock returns this year as the prospect of more aggressive monetary tightening weighs on valuations. The strategists cut their year-end target for the S&P 500 benchmark index to 4,900 points, down from 5,100 points previously. It compares with Friday’s close of 4,418.64. The […]
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 […]
Read More(Bloomberg) –Unfazed by the stock market’s bumpy start to the year, strategists from Goldman Sachs Group Inc. to UBS Global Wealth Management reiterated their bullish calls on bets that equities can weather higher interest rates and rising bond yields. “The selloff in some long duration high quality names might be overdone soon,” Goldman strategists led […]
Read MoreStocks are in a risk-off mood six trading days into the New Year for a multitude of reasons, prompting one veteran strategist to issue a blunt warning to over-enthused investors. “We have never seen equities priced quite this high. The adjusted price to earnings ratio is pushing up against 40 times. The last time we […]
Read MoreMonday, January 10, 2022 We have learned a few important things early on in 2022. First, this may truly be the year of the NFT (non-fungible tokens) after rising out of nowhere in 2021. The market ferociously boosted the valuation of dying retailer GameStop late last week on speculation it would make a full-throated attempt […]
Read More(Bloomberg) — A “cathartic upchuck” in the stock market could send the S&P 500 down 10% in the first half of the year as the Federal Reserve tightens monetary policy and valuation multiples compress, according to Chris Harvey, the head of equity strategy at Wells Fargo & Co. Harvey joined Bloomberg’s “What Goes Up” podcast […]
Read MoreMarket veteran Jim Bianco tells Yahoo Finance the Federal Reserve could break the back of the red-hot rally in stocks as it attempts to cool inflation with interest rate hikes. “I think that is the number one risk right now in 2022,” the president of Bianco Research said inside of DoubeLine’s California headquarters where he […]
Read More(Bloomberg) — Stocks could face a “slow, laborious” decline in 2022 as a result of a more hawkish Federal Reserve that may raise interest rates four times, according to Dennis Gartman. The University of Akron Endowment Chairman said in an interview with Bloomberg Radio Monday that stocks could trade 10% to 15% lower this year. […]
Read MorePolitical events such as the re-election campaign of French President Emmanuel Macron will loom larger this year than inflation, write Larry Hatheway and Alex Friedman. Lucovic/AFP/Getty Images About the authors: Larry Hatheway and Alex Friedman are the co-founders of Jackson Hole Economics, and the former chief economist and chief investment officer, respectively, of UBS. As […]
Read MoreMany folks will tell you the stock market looks expensive. And they’re not exactly wrong. The S&P 500’s forward price-to-earnings (P/E) ratio – the index divided by the estimated next-12 months’ earnings – is historically high at about 21.2, according to FactSet. This is significantly above its 5-year average of 18.5 and 10-year average of […]
Read More(Bloomberg) — Amid all the celebration of a rousing year-end in stocks, Doug Ramsey has a sobering observation about a situation below the market’s surface. Last week, when the S&P 500 closed at a 52-week high, 334 companies trading on the New York Stock Exchange hit a 52-week low, more than double the amount that […]
Read More