(Bloomberg) — In what looks increasingly like an uncharacteristic bout of bad timing, retail investors who hung tough during the selloff in January and February are now taking money off the table just as stocks are rallying. Evidence of a retail pullback was visible in data from several Wall Street banks and the U.S. options […]
Read More(Bloomberg) — The S&P 500 and Nasdaq 100 indexes are coming off their best weeks since November 2020 even after a rough start to the year. But the question now for investors is whether the gains will stick. It’s a unique moment for the U.S. stock market, which is staring down a distinct set of […]
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 […]
Read MoreGold prices marched higher Monday, as investors fled to havens amid declines in stocks. DAVID GRAY/AFP/Getty Images Stocks plunged Monday and investors sought havens as oil prices hit the highest level since 2008, driven higher by supply fears amid a possible ban from the U.S. and allies on Russian crude. Futures for the Dow Jones […]
Read More(Bloomberg) — As equity markets sink around the world, Morgan Stanley and Citigroup Inc. strategists say a perfect storm looks to be gathering. “Downside risk remains most acute over the next 6-8 weeks,” Morgan Stanley’s Michael Wilson wrote in a note to clients. “We are firmly in the grasp of a bear market that is […]
Read More(Bloomberg) — In the face of an increasingly chaotic geopolitical environment, equity investors should avoid panic selling and focus on the market fundamentals, according to JPMorgan Chase & Co.’s head of global equity strategy Mislav Matejka. “If one is selling on the back of the latest geopolitical developments now, the risk is of getting whipsawed,” […]
Read More(Bloomberg) — For equity markets, rising inflation was already a big concern. Russia’s attack on Ukraine means those worries just got a whole lot bigger. Vladimir Putin’s move to invade his neighbor led to a surge in the price of everything from oil and food to natural gas and aluminum, spikes that could choke economic […]
Read More(Bloomberg) — Whatever happens in Ukraine or how it affects Federal Reserve policy, the outcome will land in markets where investors have had time to prepare for the worst. It may be one reason the worst has so far been avoided. They’ve been steadily boosting bets against equities, shaking off a reluctance to short tracing […]
Read More(Bloomberg) — Wall Street strategists, bullish before Russia’s military buildup near Ukraine’s border, are mostly sticking to their view that stock markets can weather Europe’s brewing security crisis. For now at least. After a week of volatility, they say loose financial conditions and growing corporate profits will anchor large-cap indexes amid deteriorating relations between Moscow […]
Read More(Bloomberg) — Expectations about corporate earnings growth are quickly diminishing, JPMorgan Chase & Co. quant strategists said, warning that the gloom could spell more trouble for global stock markets after an underwhelming start to the year. “Yes, there are still net upgrades, but the pace of these upgrades are very quickly nearing net EPS downgrade […]
Read More(Bloomberg) — The Nasdaq Composite Index tumbled into an ominous “death cross” technical formation Friday morning for the first time since April 2020, when the pandemic battered the global economy and U.S. equity markets swooned. The index has shed 15% since touching a record high on Nov. 19. The pattern, which is used by some […]
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) — Even after a correction in tech stocks and surging yields on U.S. government bonds, investors still don’t understand the risks they’re taking in equity and debt markets, according to Mark Spitznagel, manager of the best-known fund protecting against so-called black swan events. “There’s a profound lack of appreciation for how dangerous the market […]
Read MoreThe explosive growth in passive trading, a fear of missing out, and a blind faith in “celebrity CEOs” have contributed to froth in high growth tech names, according to Harvard lecturer and renowned writer Vikram Mansharamani. Now, the author who made a name spotting market bubbles in his book “Boombustology: Spotting Financial Bubbles Before They […]
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 […]
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