As an economic slowdown weighs on earnings, corporations are reviving the “trust the process” slogan made popular by the Philadelphia 76ers in the post-Iverson era. Markets, for their part, have already started pricing in risks of a recession, with the S&P 500 and Nasdaq falling into bear markets this year — down 20% and 32% … Read more
(Bloomberg) — Stocks are worth buying because they’ve fallen so far that further dramatic declines are unlikely, according to a top wealth adviser at Goldman Sachs Group Inc. Most Read from Bloomberg The odds of a recession are about 50-50, which the market has already factored into share prices and potential earnings, Sharmin Mossavar-Rahmani, Goldman’s … Read more
It’s the end of what felt like another very choppy week in stocks. And yet the S&P 500 SPX is in line to start the final session only about 1% or so below last Friday’s close. Uncertainty is hobbling the bulls. Many traders seem minded. given that the S&P 500’s year-to-date drop of 23% has … Read more
(Bloomberg) — Citigroup Inc.’s Steven Wieting says buying US Treasuries is the way to prepare for 2023, when an economic downturn will cut earnings and employment. Most Read from Bloomberg “We have been adding US Treasuries, not because the yield is some incredibly high, beautiful, inflation-adjusted level, but it’s a defensive asset that’s going to … Read more
When gas prices soared to a record high of over $5 per gallon in June, analysts and politicians were quick to blame Russia’s invasion of Ukraine. The Biden Administration even called the surging fuel prices seen after the conflict “Putin’s price hike” at the time. In the months since, however, gas prices have dropped roughly … Read more
Red Bull Racing’s Head of Strategy, Hannah Schmitz, has been the victim of online hate after Yuki Tsunoda’s DNF resulted in Lewis Hamilton losing his lead in Sunday’s Dutch Grand Prix Last Updated: 05/09/22 6:58pm Hannah Schmitz has been the subject of online abuse after the Dutch GP on Sunday (Photo by Mark Thompson/Getty Images) … Read more
SlavkoSereda/iStock via Getty Images Energy (NYSEARCA:XLE) is the runaway winner in the S&P 500 sector standings with a nearly 50% YTD increase, and it was the only group to finish the week with a gain, +4.2%, but LPL Financial chief equity strategist Jeff Buchbinder sees five reasons for oil and gas stocks to continue their … Read more
John Hancock strategist Emily Roland said Tuesday that “it’s too early to get overly optimistic” about the stock market, given that earnings growth continues to decelerate, and the Federal Reserve is still likely to push interest rates higher. “We want to wait until that bottoming process plays out in the next 12 months or so … Read more
Welcome to moody Monday, with stock futures down and oil prices getting hit hard after a batch of downbeat data from China, alongside a surprise rate cut. Some say that the global growth engine’s economic issues belong in a different box from the rest of the world, owing to Cihna’s self-imposed slowdown via COVID restrictions. … Read more
Image Credit: Courtesy of Lis Smith MoreBonnie Says If you purchase an independently reviewed product or service through a link on our website, we may receive an affiliate commission. Most voters don’t know Lis Smith. But thanks to her behind-the-scenes work, ‘Mayor Pete’ Buttigieg became a household name during the 2020 presidential campaign. He became … Read more