(Bloomberg) — A yearlong rush to the exits by institutional investors has left the stock market’s foundation delicate and given to quick swings. More evidence came at around 1 p.m. in New York Monday, when what looked like a second straight green day for the S&P 500 fell apart in minutes. While news Apple Inc. […]
Read More(Bloomberg) — Investors are hoarding cash and hiding in US Treasuries as they dump equities amid fears that the US economy is headed for a recession. Nearly $63 billion flowed into cash in the week through July 6, while global equity funds had redemptions of $4.6 billion, according to Bank of America Corp. note citing […]
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) — 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) — A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s Chief Investment Strategist Michael Hartnett says. While expectations of aggressive rate hikes by the Federal Reserve are peaking, inflation expectations are not, and Bofa’s bull and bear indicator remains at […]
Read More(Bloomberg) — Money managers betting on a sustained global rebound will be left sorely disappointed in the second half of this crushing year as a protracted bear market looms, even if inflation cools. The good news: After the historic plunge, stocks and bonds aren’t far from bottoming out. That’s the key message for Wall Street […]
Read More(Bloomberg) — While hedge funds were busy bailing from stocks at a record pace as the S&P 500 plunged into a bear market, Corporate America was furiously buying. As the benchmark index notched successive drops of more than 2.9% on Friday and Monday, Goldman Sachs Group Inc.’s unit that executes share buybacks for clients saw […]
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) — Jamie Dimon warned investors to prepare for an economic “hurricane” as the economy struggles against an unprecedented combination of challenges, including tightening monetary policy and Russia’s invasion of Ukraine. “That hurricane is right out there down the road coming our way,” the JPMorgan Chase & Co. chief executive officer said at a conference […]
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) — Get ready for a fresh slump in the world’s most-watched stock index, as economic growth fears spiral and the Federal Reserve embarks on its biggest policy-tightening campaign in decades. With the S&P 500 flirting with a bear market last week and notching more than $1 trillion in losses, participants in the latest MLIV […]
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) — Investors are piling into cash as the outlook for global growth drops to an all-time low and stagflation worries mount, according to a Bank of America Corp. fund manager survey that points to continued stock-market declines. Cash levels among investors hit the highest level since September 2001, the report showed, with BofA describing […]
Read More(Bloomberg) — A mass exodus of money, an $11 trillion wipeout, and the worst losing streak for global stocks since the 2008 financial crisis. The bad news is that it may not be over yet. The selloff in the MSCI ACWI Index has dramatically lowered valuations of companies across the US and Europe, but strategists […]
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