U.S. stocks gave up early gains to turn lower Tuesday after a consumer-confidence reading came in weaker than expected. What’s happening The Dow Jones Industrial Average DJIA was down 185 points, or 0.6%, at 31,253. The S&P 500 SPX fell 38 points, or 1%, to 3,862. The Nasdaq Composite COMP dropped 202 points, or 1.8%, …
U.S. stocks turn lower after weak consumer-confidence reading Read More »
Exactly how much bounce is left in this bear market? 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 …
Exactly how much bounce is left in this bear market? Stocks are mostly higher on Tuesday, with China to thank 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 …
Oaktree’s Howard Marks is finding bargains: ‘I am starting to behave aggressively’ Read More »
Morgan Stanley’s Mike Wilson is one of Wall Street’s most vocal bears. But even he thinks this bear-market rally has more room to run. After the Dow Jones Industrial Average DJIA, -0.20%, S&P 500 SPX, -0.30% and Nasdaq Composite COMP, -0.72% cemented their strongest weekly gains since at least May on Friday, Wilson — who …
It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against high inflation. While inflation running at a 40-year high still sits near the top of the list of worries for many investors, another potential bugaboo …
Recession is challenging inflation as top fear among stock and bond investors Read More »
As the first half of 2022 draws to a close, Wall Street investment banks and their legions of strategists have been busy telling clients what they should expect in the second half of what has been an extraordinary year for markets as U.S. stocks head for their worst start in decades. Investment banks like JP …
The beaten down U.S. stock market is poised for a ‘relief rally’ this summer, with the S&P 500 potentially climbing 10%, according to Barry Bannister, chief equity strategist at Stifel. “We see a relief rally led by cyclical growth (mostly technology) to 4,150 for the S&P 500” this summer as oil prices decline and the …
Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for banks in the Fed’s annual stress test, analysts at Jefferies and Citigroup said Friday. Also weighing in on the stress test, Morgan Stanley analyst Betsy Graseck cut her price targets for Bank of America Corp. …
Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test Read More »
Text size Berkshire has scaled back its stock repurchase program this year, and that may be sending a message that CEO Warren Buffett doesn’t view the stock as being so cheap. Bill Pugliano/Getty Images Despite what CEO Warren Buffett has called its Fort Knox balance sheet with over $100 billion in cash, Berkshire Hathaway hasn’t …
What’s Wrong, Warren? Berkshire Hathaway Stock Has Been Hit Hard in June. Read More »
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email …
Crypto crash: forced selling cools down; correlation with equities back in focus Read More »
