This contrarian indicator from Bank of America signals a 94% chance stocks are higher a year from now
Yun Li CNBCNovember 1, 2022 Sentiment on Wall Street has gotten so bad that strategists have finally started to throw in the towel, and that could trigger a reliable buy signal from Bank of America. The Bank of America Merrill Lynch Sell Side Indicator, based on a survey of Wall Street strategists’ asset allocation recommendations, […]
Treasuries Extend Rally as Investors Go All In on Dovish Pivot
Alyce Andres BloombergOctober 27,2022 The Treasury market’s rally off Friday’s low continues for a fourth day. That bodes well for a continued extension of this tactical rally. Investors are going all in on the potential for the Fed to deliver a dovish pivot after soft details in the US 3Q GDP report and expectations for significant slowing in the European growth […]
Goldman Sachs sees path to a soft landing for the economy getting clearer
Jeff Cox CNBCOctober 24,2022 There may be a path to a soft landing after all. At least that’s what economists think at Goldman Sachs, which said the Federal Reserve still stands a 65% chance of keeping the economy out of a recession while bringing inflation back down to sustainable levels. In a pair of client […]
Stifel says the S&P 500 will rally 15% over the next 6 months as inflation cools
Carlo Allegri ReutersOctober 24,2022 Expect the S&P 500 to rally as much as 15% over the next six months as inflation cools and the Federal Reserve pares back its aggressive tightening campaign, Stifel says. The firm’s strategist Barry Bannister said in a note to clients Sunday that the benchmark index should hit 4,300 by April […]
Stocks likely bottomed this month following the September inflation report as investors scramble to exit the bear market, analyst says
Carla Mozee Business InsiderOctober 21,2022 Stocks likely reached a bottom on the day of the S&P 500’s big swing sparked by the September inflation report, said Carson Group. “The action last Thursday had some of the hallmarks of a capitulation low,” chief market strategist Ryan Detrick said. October may still prove to be a bear-market […]
Treasury yields could be peaking soon and that could ease some pressure on stocks
Patti Domm CNBCOctober 19,2022 The closely watched 10-year Treasury yield has been setting new 14-year highs, but strategists expect it to ease from those levels in a matter of weeks, relieving pressure on the stock market. That may be a temporary phenomenon, but it could serve to fuel the year-end rally that many investors have […]
Looking for a Low: Capitulation Update Read Research Report: Stock-Market Checklist Shows Patient Is Flagging
Gina MartinBloombergOctober 17,2022 S&P 500 Capitulation Signals Have Emerged, Hinting at BottomContributing Analysts Gillian Wolff (Strategy)(Bloomberg Intelligence) — A short-term sentiment washout occurred with the recent rout in stocks, as breadth and momentum signals are joined by correlation and options positioning to build a body of evidence that a longer-term low may be in the […]
The Time to Buy the Dip Is Fast Approaching — for One Country
Edward Harrison Bloomberg October 16, 2022 (Bloomberg)– Investors are looking beyond a looming global recession and they see one country – and its financial markets – emerging strongest on the other side. US stocks and bonds will lead the way out of the current wave of market turmoil, according to respondents in the latest MLIV Pulse survey. Meanwhile they reckon it’s […]
History shows the market should be bottoming soon, and inflation data could be catalyst
Patti Domm CNBC October 10, 2022 If the stock market is going to follow its historic pattern during a midterm election year, it would be bottoming just around now. There’s no one big consensus view, but some technical strategists see more turbulence for stocks even if there is a bounce near term. Some also see […]
U.S. core capital goods orders surge; consumer confidence rises further
Lucia Mutikani Reuters September 27, 2022 Core capital goods orders increase 1.3% in August Core capital goods shipments rise 0.3% Consumer confidence index increases to 108.0 in September House price growth decelerates in July New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment […]