(Bloomberg) — For all the talk of bear markets and a possible recession, investors continue to pile into American equities. US stocks attracted $14.8 billion in the week to June 15, their sixth consecutive week of additions, according to Bank of America Corp. strategists, who cited EPFR Global data. In total, $16.6 billion flowed into […]
Read More(Bloomberg) — A rebound in risk assets could prove to be a problem for a Federal Reserve trying to curb excesses across markets. Stocks have bounced sharply since mid-May’s lows and credit spreads have tightened back to levels seen ahead of the March liftoff of interest-rate hikes while the Bloomberg Dollar Spot Index has cooled […]
Read More(Bloomberg) — Have stocks stopped being expensive? Among bulls, hope is coalescing around valuation metrics that could support that view, though with so many caveats they require a big dose of courage to heed. After falling 15% this year, the S&P 500 is trading around 4,000. According to analysts tracked by Bloomberg, its members will […]
Read More(Bloomberg) — JPMorgan Chase & Co. jumped by the most in 18 months on Monday after chief executive officer Jamie Dimon gave the country’s largest bank, and the US stock market, a boost with upbeat comments about the state of the economy. Shares of the JPMorgan rose 6.2%, the most since November 2020, making it […]
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) — Seven straight weeks of losses for American stocks and now a narrowly averted collision with a bear market have left Wall Street prognosticators as lost as they were during the coronavirus crash. While this episode may lack the pandemic’s shock, it makes up for it in the sheer number of cross-currents. First and […]
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) — Hedge funds distrust it, a clutch of strategists say it’s doomed, and the Federal Reserve probably wishes it would stop. But a fearsome stock market rally that has been giving prognosticators fits is refusing to go away. A final-hour surge Friday salvaged a third straight up week for the S&P 500 — barely […]
Read More(Bloomberg) — No earnings? No problem. That was the message from investors this week who stormed back into the shares of faster-growing companies with little in the way of profits after months of chasing value stocks. While major benchmarks rallied, a Goldman Sachs index of unprofitable tech companies was up 18% over the five sessions. […]
Read More(Bloomberg) — Stocks surged Wednesday and U.S. and European equity futures rose after China unveiled a more market-friendly policy stance, boosting investor sentiment amid the uncertainty caused by Russia’s war in Ukraine. An Asia-Pacific share gauge jumped the most since 2020 and a Chinese tech index soared a record 20%. European futures added 2%, while […]
Read MoreNovavax Inc. and Beyond Meat Inc. jumped alongside other growth-oriented stocks in Monday trading after an Evercore ISI strategist suggested some of the battered meme stocks could rebound in coming weeks. The biotechnology company — which just filed its Covid-19 vaccine for emergency use in the U.S., as expected — climbed 13% after trading at […]
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 […]
Read MoreWhile the bears have been hammering the bulls of late, we are seeing levels on two indicators that suggest some relief of recent pressure may be in the offering. And should the indexes manage to close positive Friday after a weak open, that would tend to support our speculation of relief. Recent selling pressure persisted […]
Read MoreStocks are in a risk-off mood six trading days into the New Year for a multitude of reasons, prompting one veteran strategist to issue a blunt warning to over-enthused investors. “We have never seen equities priced quite this high. The adjusted price to earnings ratio is pushing up against 40 times. The last time we […]
Read MoreWarren Buffett saw inflation coming early on — 8 tips to help you come out ahead Rising prices and uncertainty about how long they’ll last are putting Americans in a bad mood. Inflation was worse than expected in November, with consumer prices soaring 6.8% from a year ago. That inflation rate was the steepest in […]
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