(Bloomberg) — It wasn’t that long ago that investors were being pilloried for rushing into stocks while a pandemic was gutting the economy. Now, with earnings estimates booming and little in forecasts to suggest a recession is hence, they can’t bail out fast enough. Limitless optimism has been replaced in two short years by a […]
Read More(Bloomberg) — A drop below 4,000 index points for the S&P 500 will be a “tipping point,” which could potentially trigger a mass exodus from equities, according to Bank of America Corp. strategists. Investors have already started fleeing stocks, with outflows from equity funds over the past three weeks adding up to the worst since […]
Read More(Bloomberg) — The S&P 500 is about to drop sharply, Morgan Stanley’s Michael J. Wilson warned, as investors struggle to find havens amid fears of a recession and aggressive tightening by the Federal Reserve. “With defensive stocks now expensive and offering little absolute upside, the S&P 500 appears ready to join the ongoing bear market,” […]
Read More(Bloomberg) — Don’t be fooled by the stock market’s rapid-fire reaction to the news. It’s just the beginning of the first real slog in years, one that will hand a comeuppance to passive investors who once thought the only way for prices to go was up. That’s the view of James Abate, whose Centre American […]
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) — A hawkish Federal Reserve, high inflation, war and pestilence are among the reasons to doubt the U.S. stock market rebound. Technical studies suggest such naysayers risk missing out on a run to a record high. Skeptics are presently fixated on proliferating inversions across the Treasury yield curve, where shorter-term yields exceed those for […]
Read More(Bloomberg) — The recent rebound in equity markets will prove short-lived, one of Wall Street’s most vocal bears said on Monday, advising investors to seek refuge in bonds as economic growth slows. “The bear market rally is over,” Morgan Stanley Chief U.S. Equity Strategist Michael Wilson wrote in a note to clients. “That leaves us […]
Read More(Bloomberg) — Investors are scrambling for safety as risks mount, from the war in Ukraine to rising interest rates and a global recession. They have found it in the U.S. stock market — particularly the biggest American companies. The S&P 500 Index is up more than 8% over the past two weeks, recouping all of […]
Read More(Bloomberg) — Even after one of the worst starts to an equity trading year in history, the market upheaval might just be getting started. Ominous signs are piling up that more turmoil is still coming, as key indicators point toward a potential recession. That could deepen the market rout triggered by the Federal Reserve leading […]
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) — Stocks and equity futures sank Friday and havens including sovereign bonds jumped on reports that a major nuclear power plant is on fire in Ukraine after shelling by Russian troops. Japan led losses in an Asian equity gauge, S&P 500 and Nasdaq 100 futures shed more than 1% and European contracts dropped about […]
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) — 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) — Stocks have yet to feel the full impact of risks from elevated inflation, Federal Reserve policy tightening and geopolitical tension. So argues Philip Orlando, chief equity market strategist at Federated Global Investment Management Corp., who is braced for another leg down in equities in coming weeks and months and indicated “playing defense” is […]
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