(Bloomberg) — It’s hard to blame any stock-market investor for being confused right now. The S&P 500 and Nasdaq 100 indexes are both coming off their best weeks in a month. But the way Friday ended, it’s hard to feel optimistic. Where the market goes from here likely lies in a batch of economic data […]
Read More(Bloomberg) — The world economy is showing signs of a rapid downshift as it contends with a series of shocks — some of them self-inflicted by policymakers — increasing the likelihood of another global recession and the danger of major financial disruptions. “We’re living through a period of elevated risk,” former US Treasury Secretary Lawrence […]
Read More(Bloomberg) — US stocks haven’t seen the worst of this year’s declines yet against the backdrop of scorching inflation and a hawkish Federal Reserve, according to Bank of America Corp. strategists. The “inflation shock ain’t over” and an earnings recession will likely drive stocks to news lows, strategist Michael Hartnett said in a note. Although […]
Read More(Bloomberg) — Equities extended declines on Friday, with an index of global stocks on track for the worst week since June, while a gauge of the dollar soared to a fresh record, reflecting bets for outsize Federal Reserve interest rate hikes. US futures dropped, suggesting the selloff that drove the S&P 500 index to its […]
Read More(Bloomberg) — Global stocks are on pace for their worst run since the European debt crisis a decade ago and Goldman Sachs Group Inc. strategists are among those warning that more selling is possible. The MSCI All Country World Index is falling for a ninth day Wednesday, the longest losing stretch since 2011 — a […]
Read More(Bloomberg) — Stocks are falling and bond yields are rising, but markets still don’t seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control, said Sonal Desai, chief investment officer for fixed income at Franklin Templeton Cos. “The Fed lacks credibility,” Desai said on Bloomberg Television’s “Wall […]
Read More(Bloomberg) — The S&P 500 Index still hasn’t bottomed yet despite its 7% plunge over the last three weeks, according to a group of strategists at Bank of America Corp. led by Savita Subramanian. The bank’s so-called bull-market signposts suggest the broad US equities benchmark hasn’t reached full capitulation, with just 40% of BofA’s signals […]
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) — Jerome Powell’s latest hawkish missive threatens to open up a new front in the ever-raging battle between tech stocks and Treasury yields — potentially hurting money managers who’ve just plunged back into US megacap companies in droves. The Nasdaq 100 Index posted its biggest decline since the week ending June 10 after the […]
Read More(Bloomberg) — A sober warning for Wall Street and beyond: The Federal Reserve is still on a collision course with financial markets. Stocks and bonds are set to tumble once more even though inflation has likely peaked, according to the latest MLIV Pulse survey, as rate hikes reawaken the great 2022 selloff. Ahead of the […]
Read More(Bloomberg) — Stocks in Asia may struggle Monday on escalating threats to global economic growth, in particular the Federal Reserve’s commitment to tighter monetary settings to quell inflation. Futures pointed to soft starts for bourses in Japan, Australia and Hong Kong following the worst week for global shares since late June. US equity futures retreated, […]
Read More(Bloomberg) — US stock-index futures fell as concerns over the Federal Reserve’s aggressive rate-hike path outweighed robust corporate earnings and China’s stimulus plans. September contracts on the S&P 500 Index slipped 0.3% after the equity benchmark posted modest gains Tuesday amid a rally in retailer stocks. Nasdaq 100 futures retreated 0.5% signaling a selloff in […]
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) — The recent brisk rebound in equity markets won’t last as the macroeconomic data continue to deteriorate and earnings forecasts are being slashed, strategists at Goldman Sachs Group Inc. and Sanford C. Bernstein warn. “Without clear signs of a positive shift in macro momentum, temporary re-risking could actually increase risks of another leg lower […]
Read More(Bloomberg) — Investors should stay wary of US stocks and bonds as inflation remains a threat and recession looms, according to Rebecca Patterson, chief investment strategist at Bridgewater Associates. The stock market, which finished its best month since November 2020, has mistakenly given the benefit of the doubt to the Federal Reserve’s ability to engineer […]
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