Global fund managers dumped a record amount of US stock during last week’s sell-off, BofA found. The surveyed investors expressed pessimism around the global economic-growth picture. Stagflation was a commonly-cited fear, with expectations for the scenario at the highest since late 2023. As US stocks slipped into a 10% correction last week, investors were dumping…
Albert Edwards warns declining analyst optimism for US tech stocks could mean trouble. Historically, souring analyst optimism has led to poor stock-market performance. Tech-stock capitalization now exceeds dot-com bubble levels, leaving the market vulnerable, he said. Societe Generale strategist Albert Edwards has long been skeptical that AI stocks in the US could live up to…
Bank of America warns of a bubble in US growth stocks echoing the “Nifty Fifty” and “dot-com” eras. Concentration in US stocks is significantly above historical norms, BofA said. Investors should consider diversifying and focusing on quality stocks to mitigate risks, BofA said. If you listen closely enough, amid all the investors cheering on AI,…
Albert Edwards warns of a growing bubble in US stocks driven by AI enthusiasm. US stocks now represent 75% of global market cap, and tech stocks are 35% of the US market. Edwards’ bearish views contrast with Wall Street’s optimistic S&P 500 targets for 2025. Albert Edwards, the famously bearish strategist at French investment bank…
US stocks ripped higher on Friday, rebounding from a steep mid-week sell-off. The stock market surge accelerated after dovish comments from Fed president Austan Goolsbee. Investors are concerned about a potential government shutdown and a hawkish tilt by the Fed. US stocks rebounded strongly on Friday from a steep mid-week sell-off, with the gains accelerating…
US stocks ended Friday mixed, with the S&P 500 rising to an all-time-high. Investor optimism rose after jobs data fueled optimism about the economy and future rate cuts. Traders see higher odds of another rate cut in December, the CME FedWatch Tool shows. US stocks ended mixed on Friday, though the S&P 500 rose to…
Recession fears have eased, boosting investor confidence in the stock market. Albert Edwards warns a market pullback could come without a recession, however. Rising Treasury yields and drying liquidity could hurt stocks with valuations high. Recession fears have largely dissipated since this summer, bolstering investor confidence in a roaring stock market. But Albert Edwards wants…
US stocks will drop 5% in the coming weeks, BTIG’s Jonathan Krinsky said. The swings being seen in the dollar and bond market have historically preceded stock sell-offs, he said. Krinsky also sees the market as set up for a “sell the news” event related to the election. Thanks for signing up! Access your favorite…
The S&P 500 notched a new record on Thursday amid encouraging labor-market data and China stimulus. Micron was a big gainer, surging as much as 20% on strong earnings. Personal consumption expenditure data, the Fed’s preferred inflation gauge, comes out Friday. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…
Indexes rallied Thursday on positive jobs data and promises of further economic stimulus in China. Jobless claims fell 4,000 to a four-month low of 218,000, beating estimates of a mild increase. Traders will be closely watching personal consumption expenditure data out Friday. Thanks for signing up! Access your favorite topics in a personalized feed while…