(Bloomberg) — The US economy is firmly in the middle of a slowdown that’s turning out to be worse than expected amid the war in Ukraine and China’s Covid Zero policy, according to Morgan Stanley strategists. With a recent dip in bond yields, investors are betting the Federal Reserve may turn less hawkish if inflation […]
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) — 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 MoreU.S stock futures fell sharply on Thursday, as traders anticipated the release of inflation data closely watched by the Federal Reserve, and Wall Street braced for its worst first half of the year since 1970. What’s driving the markets? The S&P 500 was on course to takes its losses for 2022 to more than 20%. […]
Read MoreU.S. stock futures struggled for direction on Wednesday, leaving Wall Street potentially on course for a third consecutive day of losses, as investors fret that soaring inflation is damaging the world’s biggest economy and battering corporate profits. What’s driving markets? Equities are limping towards the end of a miserable first half of the year. The […]
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) — Investment bankers in the US and Europe are bracing for potentially billions of dollars in total losses on big-ticket leveraged buyouts as they struggle to offload risky corporate debt that’s plunging in value amid a sweeping market selloff. The biggest hit, which could amount to about $1 billion, may come from the take-private […]
Read More(Bloomberg) — Stocks in Europe fell along with US futures and commodities amid ever-louder warnings that Federal Reserve monetary tightening may lead to an economic downturn. The Stoxx Europe 600 Index retreated while contracts on the Nasdaq 100 extended declines to 2% and those on the S&P 500 also dropped, pointing to a reversal from […]
Read More(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) — All of a sudden, the market’s back in “good-news-is-bad-news” mode. Any positive readings on the economy, particularly those on employment and inflation, can be interpreted as signals that the Federal Reserve will have to stay aggressive with its rate hiking regime. Anthony Saglimbene, global market strategist at Ameriprise Financial, joins this week’s “What […]
Read More(Bloomberg) — The stock market: buckling under the hottest inflation since 1981, battered by a historically aggressive bid to break it. Making matters worse is that bonds are beckoning as well. American equities plunged to the worst week since January after data showed US price pressures hit a fresh 40-year high in May, squashing hopes […]
Read More(Bloomberg) — Stanley Druckenmiller has a warning for Wall Street: The sharp decline in the stock market isn’t over just yet. “My best guess is that we’re six months into a bear market,” Druckenmiller, who runs Duquesne Family Office, said Thursday at the 2022 Sohn Investment Conference. “For those tactically trading, it’s possible the first […]
Read More(Bloomberg) — It might not exactly feel like it, but the stock market has been, well, kind of boring. The choppiness and seemingly constant mid-session about-faces are obscuring the bigger picture: the S&P 500 has been vacillating within a roughly 100-point range over the past two weeks. It has stayed above 4,050 since the end […]
Read More(Bloomberg) — European stocks fell with U.S. futures Tuesday as central banks resolute on tightening policy fanned growth fears. The dollar advanced and bond yields stabilized. The Stoxx Europe 600 Index slipped as telecom and technology stocks weighed. In the UK, the export-heavy FTSE 100 was little changed as the pound slid on concerns about […]
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