Tag Archives: strategist

Stock valuations are still looking too lofty even as the major indices continue to retrench on the one-two punch of Omicron variant fears and a hawkish shift in Federal Reserve policy. “I worry about markets because stock market valuations look relatively high,” said Torsten Slok, Apollo Global Management chief economist, on Yahoo Finance Live. (Apollo is the parent company of Yahoo Finance.)  Slok said the potential for interest rate hikes from the Fed in 2022 could be a headwind to markets,… Source link

Fresh weakness in Apple’s stock may offer a rare buying opportunity into the iPhone maker, says one money manager.  “We actually like Apple, and we are adding to our position,” said Victoria Fernandez, Crossmark Global Investments chief markets strategist, on Yahoo Finance Live, adding Apple’s fundamentals are “strong.” Traders are taking the other side of that call on Thursday. Apple’s stock fell more than 3% Thursday on a report from Bloomberg that the tech giant was indicating to component… Source link

The stock market has been hit with a double whammy of unsavory news, explains Charles Schwab Chief Investment Officer Liz Ann Sonders. “I think at this stage in the economic cycle and the market cycle, the move from very loose policy to tighter policy has been a factor in the volatility [we are seeing]. You add that to an environment where we started to see a tremendous amount of speculative froth and then add to that Omicron [concerns], you get the double whammy catalysts that sometimes can… Source link

Don’t back up the truck just yet on stocks even in the wake of Friday’s brutal Omicron variant fueled sell-off, warns one long-time strategist. “I just don’t think we hit the level on the S&P 500 where I am willing to say this is a screaming buying opportunity right now,” said iCapital Network chief investment strategist Anastasia Amoroso on Yahoo Finance Live. “We don’t see that from the oversold technical levels and also we have another potentially negative catalyst here which is the… Source link

Some haywire moves higher in money-losing electric vehicle makers such as Rivian and Lucid hint at the stock market forming an unhealthy bubble, argues Matt Maley, Miller Tabak chief markets strategist.  “It’s just a sign of an unhealthy stock market,” Maley said on Yahoo Finance Live. That may be an understatement.  While Rivian’s stock price (RIVN) plunged 15% to close at $146.07 on Wednesday, shares at one point on Tuesday were more than double the company’s IPO pricing of $78 from last… Source link

If you haven’t noticed yet, your grocery bill is likely much higher than it was just a few months ago. Prices are skyrocketing on a number of consumer staples — everything from coffee to milk to soap — as companies try to offset surging costs due to supply constraints and production challenges. And relief may not be coming anytime soon. In fact, industry experts are warning that consumers will need to dig even deeper into their wallets as we look ahead to next year. “I can tell you… Source link

The stock market’s volatile start to the fourth quarter has some investors wondering if it’s a scene setter for a proper bear market later this year. A growing number of Wall Street banks have said the equity market looks vulnerable. Morgan Stanley recently said it sees growing risk of a 20% drop in the S&P 500 as evidence starts to point to weaker growth and falling consumer confidence. So far in October, stocks have swung between steep gains and losses while the so-called fear gauge, the… Source link

The market is fighting hard to shrug off a carousel of concerns ranging from an expiring debt ceiling to potential contagion from a bust of overly-indebted China real estate development Evergrande.  But any rally off the recent lows may prove short-lived, contends Binky Chadha, Deutsche Bank chief markets strategist. The veteran strategist reiterated his call for a deep stock market correction on Thursday.  “I would say this [week’s] sell-off was very much a garden variety pullback rather… Source link

The thought of a Lehman Brothers-esque collapse in China sent U.S. investors running for the exits Monday. The Dow Jones Industrial Average (^DJI) sank 614 points, while the S&P 500 (^GSPC) fell 75 points and the Nasdaq Composite (^IXIC) plunged 330 points. It was the market’s worst one-day slide in months and shattered an extended stretch of calm for stocks. The S&P 500 hadn’t fallen more than 1% since mid-August. Investors were rattled by news that the major Chinese real estate developer… Source link

Morgan Stanley’s Chief Investment Officer Mike Wilson says investors should always be positioned for a market correction of 10%, but warned that investors may not be ready for a harsher correction that could be coming soon. “You should always be expecting a 10% correction. If you’re investing in equities, you should be prepared for that at any time,” Wilson told Yahoo Finance on Friday. “A 20% correction, which is really more disruptive, where people might want to try and position… Source link