(Bloomberg) — Stock markets and the US economy will have to experience more pain before the Federal Reserve pivots away from its aggressive policy tightening, according to Bank of America Corp. strategists. Thursday’s rally in US stocks after a hot inflation print resembled a “bear hug” amid oversold conditions, high cash levels and the lack […]
Read MoreMarket conditions are Bearish in a Bear Market as of 2022-10-12. This means traders and investors should consider trading with a Bearish bias by shorting stocks, buying inverse-ETF’s or buying put options. The rank of the Bear Market is -18.64 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read MoreMarket conditions are Bearish in a Bear Market as of 2022-10-11. This means traders and investors should consider trading with a Bearish bias by shorting stocks, buying inverse-ETF’s or buying put options. The rank of the Bear Market is -18.44 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read MoreMarket conditions are Bearish in a Bear Market as of 2022-10-10. This means traders and investors should consider trading with a Bearish bias by shorting stocks, buying inverse-ETF’s or buying put options. The rank of the Bear Market is -18.23 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read More(Bloomberg) — The two-day rally in US stocks that was halted on Wednesday has triggered a bullish signal that could lift the S&P 500 by at least 3% from its last close over the coming weeks, according to a Bank of America Corp. strategist. The “immediate pattern” for the S&P 500 is now bullish with […]
Read More(Bloomberg) — Stocks and US equity futures advanced Friday as investors assessed whether monetary tightening to tackle inflation in the US and Europe is getting closer to being priced in. A gauge of dollar strength dropped the most in a month. Europe’s Stoxx 600 Index jumped more than 1.5% as miners rallied on optimism over […]
Read More(Bloomberg) — A level analysts flagged as a battle line for stocks held up Wednesday, handing bearish equity traders their biggest defeat in a month. Indeed, a rush to cover short sales appeared to contribute to a gain of almost 2% in the S&P 500. A Goldman Sachs Group Inc. basket of the most-shorted stocks […]
Read More(Bloomberg) — Stock bears are suddenly getting crushed. Once-dependable momentum trades are misfiring. Inflation-lashed bonds are bouncing back. After another expectations-busting week on Wall Street, sharp market reversals are baffling real-money veterans, retail speculators and quants alike. Big data surprises, including a blockbuster jobs report and a softer-than-expected July consumer price reading, have caught a […]
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 […]
Read More(Bloomberg) — Like clockwork, a decent few days lift stocks, and out come the charts. Have equities bottomed? Evidence is arrayed to argue this time is different, that this is the bounce that will last. Heeding it now requires conviction bordering on credulity. The data in the bull camp are as follows: a third big […]
Read More(Bloomberg) — Tuesday’s broad, strong stock-market bounce has raised hopes for a sustainable US equity rally, but some money managers are urging caution about investors getting ahead of themselves. JPMorgan Asset Management continues to see downside risk to corporate earnings which could weigh on stocks, while American Century Investment is waiting for more visibility on […]
Read More(Bloomberg) — US stocks extended gains as investors assessed the outlook for earnings amid speculation disappointments may be already priced into markets. The S&P 500 jumped more than 2%, with all 11 industry groups rising. The broad rally was mirrored in the tech-heavy Nasdaq 100, as megacaps Apple Inc. and Alphabet Inc. bounced back from […]
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) — Stocks extended a climb Monday, bolstered by the technology sector, as investors evaluated whether inflation is close to cresting and the chances of skirting a recession amid monetary tightening. An Asian share index jumped over 1%, helped by Chinese tech firms as well as gains in Japan. US futures inched lower in the […]
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