Jamie Dimon, CEO of the world’s most valuable bank and architect of the “fortress balance sheet” that helped JPMorgan emerge unscathed from the 2008 financial crisis, believes investors are downplaying the risk of a major market correction—one that could slash stocks by about a third. With stock market valuations and concentration at record highs, some…
Stocks are sitting at record highs, but some Wall Street strategists say that very optimism could be a warning sign. In a note to clients on Monday, Citi strategist Chris Montagu said buying activity has been strongest among smaller companies, with the Russell 2000 (^RUT) seeing the largest weekly increase in bullish bets. This has…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. government shutdown tops investors’ agenda next week as markets head into the seasonally strong fourth quarter, with equities near record highs bracing for an earnings-season test later this month. A deep partisan rift in Washington led to a federal government shutdown that risks delaying crucial economic…
US stocks were poised on Thursday for a bid on fresh record highs, after the Federal Reserve lowered interest rates for the first time this year and signaled that more cuts are on the way in coming months. Dow Jones Industrial Average futures (YM=F) rose 0.6%, while those on the S&P 500 (ES=F) moved roughly…
(Reuters) -U.S. investors dumped equity funds in the week to September 10, booking profits at record highs and cutting exposure on caution over lofty valuations and geopolitical tensions in the Middle east and Ukraine. According to data from LSEG Lipper, investors divested a net $10.44 billion worth of U.S. equity funds – the most since…
Micron stock (MU) jumped roughly 8.5% Thursday morning to about $152, the biggest leap since April, when shares jumped roughly 19%. Thursday’s gain put the chipmaker on track for a record close. The gain came as Citi analyst Christopher Danely lifted his price target on shares to $175 from $150, maintaining his Buy rating on…
Stock markets around the world slumped on Tuesday while bond yields rose and gold hit a new high, as investors moved into “stagflation” trades against a backdrop of rising worries over tariffs, inflation and deteriorating government finances. In my column today, I look at the so-called “September effect” in U.S. and other stock markets. Source…
By Nell Mackenzie LONDON (Reuters) -Hedge funds remain hesitant about buying U.S. stocks at the outset of what is often a dour month for markets, even with a potential U.S. rate cut on the horizon, after becoming net sellers in August. More traditional investors also sold more U.S. stock than they bought, Lipper data shows….
US stocks retreated Friday after President Trump threatened Canada with a 35% tariff on its imports to the US and floated higher blanket levies on most trading partners. The S&P 500 (^GSPC) fell 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) dipped 0.2%, both dipping from Thursday’s record highs. The Dow Jones Industrial Average (^DJI) declined…
Stocks ended a holiday-shortened trading week at record highs as a better-than-expected June jobs report cooled fears of a broader slowdown brewing in the US economy. The S&P 500 (^GSPC) rose 1.7% to end the week at a record close of 6,279.35. The Nasdaq Composite (^IXIC) also popped about 1.6% and ended the week at…