The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P 500 SPX investors this year, as pandemic fallout has been compounded by Russia’s brutal and deadly invasion of Ukraine that has seemingly driven up prices of everything. While still an ugly month, stocks saw a…
Read More “Here’s why this trader is piling back into one of the hottest commodities of the year” »
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us…
New week, same bounce. Stock futures point to fresh gains as investors grow optimistic that a bond rout is ending, and the Fed’s rate-hike plans will get pruned due to a global slowdown. Of course, that optimism comes as discontent grows around the world from high commodity prices that have driven up food prices, crimped…
Read More “This ‘underappreciated’ black swan could bring fresh chaos to the global economy” »
Multinational is one thing, but 2022 hasn’t been the year for stocks to have a truly international presence. According to analysis from Goldman Sachs, S&P 500 companies with high domestic sales exposure have been outperforming stocks with a high international sales by 9 percentage points. Granted, it’s not a great performance, with the domestic basket…
US stocks ended mixed Friday, with the Dow Jones Industrial Average erasing gains late in the session, as investors continued to weigh concerns over slowing economic growth and a more aggressive Federal Reserve. All three major stock benchmarks booked a third straight week of losses, with the S&P 500 seeing its worst weekly percentage drop…
Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanley’s Mike Wilson, who can count some wins after pounding the table this year over a gloomy stock setup, told clients on…
Everyone’s favorite trade in the stock market, technology, has gone the way of the dodo. Oil and value stocks are all the rage. But one part of technology – semiconductors – is vital not only to the technology sector in the stock market but to the global economy and industries from cars to computers. The…
Read More “Opinion: As tech melts down, a truth remains: Semiconductors are eating the world” »
Last week’s shock US inflation number continues to tear through markets, with dip buyers seemingly hiding. Hardest hit Nasdaq-100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed outcome, with expectations the central bank may need to do something bold, driving even more anxiety out there. The aftermath of Wall Street’s Friday…
An environment of rising interest rates has made the Nasdaq Composite Comp hard to love the past year, but its 22% drop seems to be opening opportunities for some. That brings us to our call of the dayfrom Chul Chang, a manager on Vontobel’s US Equity Institutional Fund VTUIX. He says investors are so busy…
US stocks were lower Wednesday, as investors awaited inflation data due at the end of the week and oil prices jumped after data showed a fall in gasoline inventories. What are major indexes doing? The Dow Jones Industrial Average DJIA lost 283 points, or 0.9% to 33,891 The S&P 500 SPX decreased 40 points, or…
