Economist David Rosenberg warns the stock market is in a “mega-bubble.” Rosenberg cites high valuations, investor positioning, and sentiment as warning signs. Despite recent market gains, Rosenberg predicts a recession and advises caution in investing. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app…
China is expected to announce extra fiscal policy support on Saturday. Analysts expect $283 billion worth of stimulus to be pledged, Bloomberg reported. The lack of consumer support in China’s last stimulus package disappointed investors. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app…
China’s stock rally could extend another 15% to 20%, Goldman Sachs says. China’s equity indexes have jumped dramatically since Beijing announced major stimulus policies. Goldman highlighted still low valuations and diminishing risk as tailwinds for a continued rally. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go….
China’s all-out stimulus package will fail to meaningfully reverse ongoing chaos in the nation’s property market, JPMorgan said in new research. Though Beijing committed on Tuesday to reduce mortgage rates and downpayment rules, the bank said these efforts will not bolster housing consumption as hoped. “These measures are unlikely a game changer,” strategists led by…