Times News Network
The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P 500 SPX, -0.07% investors this year, as pandemic fallout has been compounded by Russia’s brutal and deadly invasion of Ukraine that has seemingly driven up prices of everything. While still an ugly month, stocks saw … Read More “Here’s why this trader is piling back into one of the year’s hottest commodities” »
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us … Read More “Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says” »
Look out above, the dip buyers are back in town. Stock futures are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its … Read More “Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.” »
Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanley’s Mike Wilson, who can count some wins after pounding the table this year over a gloomy stock setup, told clients on Sunday that … Read More “Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom” »
Last week’s shock U.S. inflation number continues to tear through markets, with dip buyers seemingly in hiding. Hardest hit Nasdaq-100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed outcome, with expectations the central bank may need to do something bold, driving even more anxiety out there. The aftermath of Wall Street’s … Read More “The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails” »
There are cramped neighborhoods in Wall Street’s bear swallows these days. Goldman Sachs has just downgraded its 2022 US growth forecast (to 2.4% from 2.6%) and 2023 (to 1.6% from 2.2%) as senior chairman Lloyd Blankfein warned of “very, very high” risks for an American recession. “If I ran a big business, I would be … Read More “Gloomy Goldman offers 20 ‘security stocks’ with valuations below the previous 2 bear markets” »
Markets are pointing higher for Friday, but it has been some tough days, with the S&P 500 facing a six-week losing streak, the longest in a decade. With a war raging in Europe, rising prices everywhere and uncertainty about what central banks can do about it, investors may not get the traditional lazy, hazy summer. … Read More “This portfolio manager’s strategy uses only one ETF and his own ‘crash indicator’ to beat the market by 530%” »
We’re a day away from what could be the first half-point hike from the Federal Reserve in 22 years. Kicking a busy central bank week was the first rate increase since 2010 from Down Under. So where next for stocks? In our call of the dayRBC Capital Markets equity analysts Lori Calvasina and Sara Mahaffy … Read More “Stocks may keep sliding until institutions join retail investors in capitulation, this firm says” »
Investors are trying to regroup following the worst month since the pandemic, and Friday’s session that ended with the Dow tanking nearly 1,000 points and the S&P 500 pushing back into correction territory. All eyes are on this week’s monumental Fed meeting, where a 50 basis-point rate hike is on the cards – some say … Read More “Storied VC says investors are unlearning the lessons of the last bull market. Jeff Bezos says you should listen.” »
Stocks are in the green for Thursday, with Facebook parent Meta Platforms in the driver’s seat after less disastrous than feared results. Gains are a bit less than what stock futures were promising though. With earnings, inflation, a COVID-19 resurgence and war all in balance, any gained ground for stocks could easily disappear in another … Read More “Boomers are leaving the stock market. Here’s what comes next, says this strategist.” »
