Tag Archives: sees

(Bloomberg) — One of Wall Street’s most prominent bears sees the current rally in US stocks extending — prior to the selloff recommencing. Most Read from Bloomberg Morgan Stanley strategists led by Michael Wilson say the S&P 500 Index may climb another 5% to 7%, before resuming losses. “We think US equity markets can rally further,” they wrote in a note, with a decline in both bond yields and oil prices having eased some worries around runaway inflation and helping the benchmark snap a… Source link

It seems like “everybody” these days is saying we’re going into recession. So: are they right? I’ve covered the markets and the economy for four decades, and I can’t recall a time when more people — or at least prognosticators, economists, and bankers — were more certain that an economic downturn was imminent. And if so many people believe that a recession is inevitable does that make it, well, inevitable? Or does it mean that a recession won’t occur? Or that any recession will at… Source link

‘A cold dark place’ — Michael Burry thinks the market has plenty of room to plunge. But he finally sees value in these 4 stocks Michael Burry — the hedge fund manager depicted by Christian Bale in The Big Short — has been aggressively investing during this market downturn. Burry’s latest 13F filing for the first quarter of 2022 shows a broad range of new investments and some interesting strategic moves with options. That’s a significant shift from the previous quarter when Burry… Source link

The 60-40 stock-bond portfolio has been a bedrock of traditional investing, but it’s also been a loser thus far in 2022. “Investors who own a 60-40 balanced portfolio just feel like they’ve been punched in the gut,” Emily Roland, co-chief investment officer at John Hancock Investment Management, said on Yahoo Finance Live (video above), adding that year-to-date so far it’s down about 10%. A 60-40 portfolio consists of 60% equities and 40% bonds or other fixed-income offerings. Stock and… Source link

BofA’s US stock chief sees a floor of 3,200 for the S&P 500 (potential downside of 22%) — but here are 4 sectors she likes for inflation protection and cash return We’re almost halfway through the year, and sentiment has yet to turn bullish. The S&P 500 is down 13% in 2022, while the tech-centric Nasdaq is off 22%. If you want to know how low the market could really go, pay attention to what Savita Subramanian — head of U.S. equity and quantitative strategy at Bank of America Securities… Source link

Yandex (NASDAQ:YNDX – Get Rating) saw some unusual options trading on Wednesday. Investors purchased 1,814 put options on the stock. This is an increase of 1,437% compared to the average volume of 118 put options. Institutional investors have recently bought and sold shares of the stock. UMB Bank N A MO acquired a new stake in Yandex during the fourth quarter worth about $48,000. National Bank of Canada FI acquired a new stake in Yandex during the fourth… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Federal Reserve Bank of St. Louis President James Bullard urged policy makers to raise interest rates to 3.5% this year to bring inflation down from near a four-decade high, adding that some of those hikes could be reversed late next year or in 2024. Bullard reminded the Economic Club of Memphis on Wednesday that in late 2019, prior to the Covid-19 pandemic,… Source link

Did markets hit a turning point? The past couple of months brought us a seven-week losing streak in stocks, the longest such streak in over a decade, but the week before the Memorial Day holiday weekend saw strong gains. The S&P 500 wiped out its May losses. Post-holiday trading shows that some of these gains are continuing. If so, then it makes this the ideal time to ‘buy the dip,’ to get in while stocks remain at low cost, with attractive entry points. That’s the view from investment… Source link

Michael Burry — the hedge fund manager depicted by Christian Bale in The Big Short — has been aggressively investing during this market downturn. Burry’s latest 13F filing for the first quarter of 2022 shows a broad range of new investments and some interesting strategic moves with options. That’s a significant shift from the previous quarter when Burry was selling most of his stock portfolio and calling for the “mother of all crashes.” He’s not exactly bullish on the overall… Source link

(Reuters) – Kansas City Federal Reserve Bank President Esther George on Monday said she expects the U.S. central bank to lift its target interest rate to about 2% by August, with further action dependent on how both supply and demand are affecting inflation. “Fed policymakers have emphasized a commitment to act expeditiously to restore price stability, and I expect that further rate increases could put the federal funds rate in the neighborhood of 2% by August, a significant pace of change in… Source link