Bullish or Bearish? Summer’s Litmus Test for the Stock Market’s Direction
Historical evidence has proved that August and September are often times of turbulence in the American stock market. Thus the first weeks of the month having turbulence should not be an unexpected occurrence. As the S&P 500 index spiked 20% from January to July 2023 many investors have been wanting the market to stabilize after […]
Tech Trouble Sparks Concerns: Is the Momentum of 2023’s Stock-Market Rally at Risk
The Nasdaq-100, which has been the standout performer among major U.S. stock indices so far this year, has just suffered its most challenging fortnight since December, as per the data from Dow Jones Market. On Friday, the technology-centric index concluded a two-week drawdown of 4.6% by closing 100.77 points, or 0.7%, down at 15,028. This […]
Navigating Market Shifts: Post-‘No Recession’ Relief Rally Era Brings Flat Markets Ahead
The significant rise in the stock market witnessed during the initial part of the year has come to an end. Investors should brace themselves for modest yields from now until the conclusion of 2023. Stifel’s head equity strategist, Barry Bannister, informed clients in a note on Thursday that the rally observed in the absence of […]
Navigating Stock-Market Exposure: Finding the Right Balance for Baby Boomers
As the baby boomer generation approaches retirement, it may be prudent to exercise caution when it comes to their stock holdings. At present, a notable 37% of baby boomers maintain a higher level of equity holdings than Fidelity Investments recommends for their life stage, according to insights from Mike Shamrell, Fidelity’s Vice President of Thought […]
? Expert Strategist Predicts: S&P 500’s Momentum Pauses for the Rest of 2023 & Beyond ??
An expert strategist who accurately predicted the 2023 market rally now foresees a period of stagnation for stocks throughout the remainder of this year and possibly into 2024. This projection stems from a belief that corporate earnings growth will fall short of the overly optimistic expectations set by Wall Street. Barry Bannister, an equity strategist […]
Navigating Stock Market Risks: The Peril of Fed’s Backward Focus ??
Despite numerous pessimistic predictions, stocks have displayed remarkable resilience this year, steadily progressing forward. Even with a recent 2% dip, the S&P 500 has managed to surge over 17% in the course of 2023. This upward momentum has persevered through challenges such as escalating interest rates, declining earnings, the protracted Ukrainian conflict, and China’s economic […]
U.S. Stock Futures Dip as Weak China Data Casts Shadow on Sentiment
Futures for the U.S. stock index decreased on Tuesday, as markets showcased a wary demeanor after the release of disappointing international trade data from China for the month of July. Shares in banks garnered attention following an announcement by Moody’s Investor Service that it might lower its credit ratings on six major U.S. banks. How […]
A Shift in Market Sentiment: S&P 500 Faces Crucial Support Amid Tech Slowdown
In the current market climate, the S&P 500 is treading carefully towards significant support levels, with the energy sector poised to take the reins as technology momentum falters. These observations come from Jonathan Krinsky, the chief market technician at BTIG, who shared his insights with clients in a recent weekend note. Krinsky noted that Apple, […]
S&P 500 Rally Pauses to Regroup: Wise Investors See Dip Buying Prospects
Stocks have surged to new heights, prompting Wall Street to revise its S&P 500 targets upwards. However, it’s wise to exercise caution and not get swept up in the hype. The beginning of the week saw several strategists adjust their S&P 500 forecasts. Citigroup raised its mid-2024 projection from 4400 to 5000, while Piper Sandler […]
Hiring Slowdown? U.S. Stock Futures Forge Ahead After July Jobs Data
U.S. Stock Futures Rise Amid Slower Job Creation in July, Fed Effect at Play Market Trends: Market Challenges Both the S&P and Nasdaq have experienced a three-day decline at the beginning of August, leaving stocks struggling to break the losing streak on Friday. Market Reaction The initial response to Friday’s job report, released at 8:30 […]
