(Bloomberg) — Equity investors hoping for a better year in 2023 will be disappointed, according to Goldman Sachs Group Inc. strategists, who said the bear market phase is not over yet. Most Read from Bloomberg “The conditions that are typically consistent with an equity trough have not yet been reached,” strategists including Peter Oppenheimer and … Read more
As a synchronized rout in stocks and bonds this year sours the outlook for 60-40 portfolios, some strategists see an opportunity for a new-and-improved investing framework. MSCI, in conjunction with GIC – a sovereign wealth fund of the Government of Singapore – this week proposed an alternative to the mainstay equities and fixed income mix … Read more
(Bloomberg) — Investors poured the most money into cash since April 2020 on fears of a looming recession, but stocks could see further declines as they don’t fully reflect that risk, say Bank of America Corp. strategists. Most Read from Bloomberg Even as major benchmarks bounced off last month’s lows, the bank’s report citing EPFR … Read more
(Bloomberg) — Spiraling losses on Wall Street are now snowballing into forced asset liquidation, according to Bank of America Corp. strategists. Most Read from Bloomberg The NYSE Composite Index, which includes US stocks, depositary receipts and real estate investment trusts, has broken multiple technical support levels including its 200-week moving average, the 14,000 mark, as … Read more
Investors would be wise to buckle up for more downside to an already battered stock market, veteran CFRA Chief Investment Strategist Sam Stovall warns. “I think this will be a bear market with a recession,” Stovall said on Yahoo Finance Live (video above). “Bear markets with recessions have ended up being deeper and lasting longer … Read more
Article content (Bloomberg) — Strategists are giving up on a year-end rally for European stocks. Article content Forecasts for the Stoxx 600 Index have fallen by about 5% in the past month, according to the average of 16 estimates in a Bloomberg survey. Strategists now see the benchmark ending the year at 427 points, implying … Read more
(Bloomberg) — Stocks and other risk assets have a chance to rally if Jerome Powell delivers a nuanced message at the Jackson Hole symposium, strategists say. Most Read from Bloomberg Hawkish recent comments from Federal Reserve officials appear to have convinced market participants to get out of the way as the central bank raises interest … Read more
Minutes from the Federal Reserve’s meeting in July — at which policy makers hiked the benchmark interest rate by 75 basis points, indicate stock-market participants were too quick to price in a “less hawkish” policy outlook, some strategists argued Wednesday. Federal Reserve officials in July agreed that it was necessary to move their benchmark interest … Read more
Text size Only 30% of the indicators that typically light up before market bottoms are triggered today, according to Bank of America. Angela Weiss/AFP via Getty Images The S&P 500’s 15% summer bounce off its June lows may be as fleeting as the relief from the heat a weekend at the beach provides. Bank of … Read more
There’s a species of Young Adult novels — and their attendant film adaptations — that wears sophistication on its sleeve. Mostly for the purpose of demonstrating that sophistication won’t save the anguished teenage soul — see “The Perks of Being a Wallflower.” In the teen rom-com, sophistication usually manifests itself in a near-endless stream of … Read more