Tag Archives: market

Tom Brady’s retirement lasted 40 days. After seemingly leaving the door cracked for a potential return since announcing his departure from the NFL on February 1, Brady announced his return on social media Sunday. It’s a consequential moment not only for Brady — who finished the 2021 season second in the league’s MVP voting — but also for the Tampa Bay Buccaneers, who had been mulling over whether to pursue a Deshaun Watson trade this week. As recently as the NFL combine last week,… Source link

The first quarter of 2022 has been marked by continued surging inflation, geopolitical risks, and now, concerns of a looming recession. In light of these headwinds, however, BMO Capital Markets Chief Investment Strategist Brian Belski has a word of advice for investors to navigate the current market environment. “You know, the market does not like uncertainties. And [the market] cleared up one uncertainty when the Fed came out and was very clear about raising interest rates during its… Source link

Retail investors that played a significant role in the stock market’s overall performance during the first two years of the pandemic are now witnessing the pitfalls of market volatility, former TD Ameritrade Chairman and CEO and Coastal Carolina University Executive Director of Football Joe Moglia told Yahoo Finance Live in a recent segment. “I think the typical retail investor that is not disciplined, is not thinking strategically. I think they’re in a turmoil,” he said. “They’re… Source link

History shows we could be nearing the end of the stock market’s 2022 correction. “The current correction in stocks is overdue: we have not had a 10%+ S&P 500 correction since the quick bear market of March 2020. 10%+ corrections have occurred once per year on average since 1930, and have lasted on average 54 trading days before lifting more than 10% from the trough (since January 3, the market has dropped 13% as of Wednesday’s low and Thursday is the 45th trading day),” pointed out Bank of… Source link

The list of companies around the world cutting business ties with Russia continues to grow. British luxury brand Burberry (BURBY) became the latest to jump on the bandwagon after announcing it would be temporarily shutting down its three stores in Russia, including one located in Moscow’s famous Red Square. Burberry isn’t the first luxury brand to make this move: On Friday, Hermes (HESAY) announced it would temporarily close its stores in the country, saying it is “deeply concerned by the… Source link

Around the pandemic lows in 2020, I wrote that even though the virus will get worse, “it doesn’t mean the stock market has to go lower.” I remained bullish throughout the strong run but turned cautious in mid-December 2021 for two main reasons: The market technicals were breaking down and the Fed became increasingly hawkish. I’ve been defensive since then and maintained a high cash position for my clients. In order for me to feel more confident about a sustained, new uptrend, and… Source link

U.S. equity futures ticked lower in post-market trading Monday after a sell-off in the earlier session that saw the Dow Jones Industrial Average fall into correction territory and the Nasdaq enter a bear market. Investors continued to jettison stocks and stockpile safe-haven assets as concerns over the economic consequences of Russia’s war in Ukraine intensified. Futures tied to Wall Street’s main benchmarks dipped slightly heading into overnight trading. Contracts on the Dow, S&P 500 and… Source link

February’s job market numbers easily exceeded economists’ expectations, providing a ray of sunlight in an otherwise dark news cycle weighed down by the worsening strife in Ukraine. Workers are wielding more power in a labor market characterized by shortages across industries. Employers added 678,000 jobs in February, far more than consensus estimates, signaling a tightening labor market. “It’s certainly a job seekers market at the moment,” CEO of Randstad Sourceright Mike Smith told… Source link

All in all, the stock market is hanging tough in what has been a turbulent two weeks for humanity. The Dow Jones Industrial Average is up more than 600 points on Wednesday as of this writing. Both the S&P 500 and Nasdaq Composite are nearing gains of 2%. All three major indexes are nicely off the lows hit by the close of trading on Feb. 23, a mere hours before Russia invaded Ukraine. Every member of the FAANG [Facebook/Meta, Apple, Amazon, Netflix, Google/Alphabet] cohort has gained in the… Source link

Stock futures fell, oil prices jumped and Russian authorities scrambled to keep a grip on domestic markets, as investors rushed to adjust to geopolitical developments including new sanctions against Russia. Here’s what we’re watching in Monday’s trading: NIO shares added 1% premarket. The electric-vehicle maker plans to list shares in Hong Kong, joining other Chinese businesses pursuing an additional listing outside New York amid the threat of being forced off… Source link