Kelly Evans: Waiting on Perot
Kelly Evans CNBC October 19, 2023 The year is 1983. The sharp “double-dip” recession of the early ’80s has ended, and bond yields–which had finally been “broken” by Paul Volcker’s massive rate hikes–are showing signs of breaking out again. The 10-year Treasury jumps from roughly 10% to nearly 12% that summer. In his weekly client […]
Apple Stock Is a ‘Dark Horse’ Bet on AI
Dana Blakenhorn InvestorPlace Contributor January 17, 2024 • Apple (AAPL) stock is down relative to Microsoft because of AI. • Apple plans to run large language models on its devices, not just on its cloud. • Assuming all this works, patient investors will be rewarded. Before buying Apple (NASDAQ:AAPL) stock, which is already worth nearly […]
Ed Yardeni Says The Roaring Twenties May Be Back
Tiffany Tsoi Bloomberg January 25, 2024 These 20s (the 2020s) could be another Roaring 20s (as in the 1920s), according to Ed Yardeni, founder of Yardeni Research Inc. “History doesn’t repeat itself, but it does rhyme,” Yardeni says (à la Mark Twain) on this week’s episode of Merryn Talks Money. Making parallels between the Spanish flu […]
Strategists Scramble to Catch Up as S&P 500 Rally Rumbles On
Farah Elbahrawy Bloomberg August 25, 2023 Oppenheimer’s Stoltzfus raises year-end target to 4,900 Morgan Stanley’s Wilson turned less bearish on Monday There’s a shift in tone happening across Wall Street. Oppenheimer Asset Management’s Chief Investment Strategist John Stoltzfus lifted his target on the S&P 500 index to a Street high, a day after Morgan Stanley’s Michael Wilson, one of […]
Powell Signals Fed Will Raise Rates If Needed, Keep Them High
Catarina Saraiva and Craig Torres Bloomberg August 25, 2023 Fed in position to ‘proceed carefully’ at upcoming meetings Stronger economy could push up inflation, warrant more hikes Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed and intends to keep borrowing costs high until inflation is on […]
Strategists See Dip-Buying Shot Arising From Stock Rally’s Pause
Alexandra Semenova Bloomberg August 21, 2023 Citi, HSBC, Goldman eying when investors should pile in With soft landing, it may hit reset on lofty equity valuations If the August downturn for US stocks resumes, Wall Street strategists say it may be a buying opportunity for those who sat out of this year’s rally — not the beginning […]
Wall Street Forecasts Project Profit Recession Ends Next Quarter
Jessica Menton Bloomberg August 5, 2023 With Corporate America’s earnings season nearing an end, the takeaway is clear: Challenges remain, but for a broad swath of companies the worst of the profit pain is likely over as margin-shredding inflation pressures ease. The bad news: S&P 500 Index companies are on track to notch a third straight quarter […]
JPMorgan Scraps Recession Call in Latest Sign of Rising Optimism
Reade Pickert Bloomberg August 4, 2023 JPMorgan Chase & Co. economists scrapped their call for a recession in the US, joining a growing number of forecasters who now expect the economy to avert the downturn that was once viewed as inevitable. The bank, which had previously said it expected a recession to begin in 2023, […]