Tag: S&P 500 Index
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Despite market volatility, retail investors went on a buy-the-dip spree. These are the stocks they picked up, says Vanda.
Churning financial markets, as the failure of three U.S. banks and uncertainty over one big European one continues to play out, did not stop some investors from buying that so-called dip in the stock market at one point last week. That’s according to a weekly report released Friday from Vanda Research, which said retail investors ... -
This week’s Fed vs. markets showdown could decide fate of early 2023 stock rally
Let’s get ready to rumble. The Federal Reserve and investors appear to be locked in what one veteran market watcher has described as an epic game of “chicken.” What Fed Chair Jerome Powell says Wednesday could determine the winner. Here’s the conflict. Fed policy makers have steadily insisted that the fed-funds rate, now at 4.25% ... -
No, interest rates aren’t going back to zero soon, says Apollo economist
Cheap debt isn’t on the horizon. The Federal Reserve’s vow to bring inflation down to its target 2% annual rate means investors should brace for the central bank’s policy rate to peak around 5% in June, but to stay near a 2.5% “equilibrium rate” for some time, according to Torsten Slok, chief economist at Apollo ... -
Traders now overwhelmingly expect 25 basis point February rate hike
After a series of supersize rate hikes in 2022, traders are overwhelmingly betting on a standard quarter-point rise from the Federal Reserve at its first meeting of 2023 following a further slowdown in inflation and remarks by policy makers. Fed-funds futures on Thursday reflected a 93.2% probability the Federal Open Market Committee will raise the ... -
Here are potential impacts of China’s reopening on markets, Goldman Sachs says
China, the world’s second-largest economy behind the U.S., is set to reopen in just a few days and one major Wall Street firm has boiled down the likely impact on financial markets. In a note released on Friday, Dominic Wilson and Vickie Chang of Goldman Sachs produced a chart in which they lay out all ... -
Why the Fed doesn’t like stock-market rallies
It was a “don’t make me come back there” moment from the Federal Reserve. A line from the minutes of the central bank’s December policy meeting released Wednesday afternoon was taken as a warning to financial market participants that bets on a policy pivot in 2023 aren’t welcome. And, to the extent that equity rallies ... -
‘Recession is what everyone is betting on’: 2023’s first trading day begins
In the first trading day of the new year, U.S. financial markets were bogged down by the almost universal view that a recession is approaching. A stocks rally fizzled out within the first 30 minutes of opening. Gold, a traditional safe haven, touched its highest level in six months, rising alongside silver and platinum. And ... -
The biggest — and maybe the best — financial resolution for 2023
Happy New Year! We’re getting started a bit early, and for many people it will be good to have a second straight Monday off from work on Jan 2. More than half of Americans making resolutions to begin 2023 are determined to improve their financial health, according to a poll by Numerator. The top five ... -
Possible Tesla bounce good for a trade, but not an investment, says technical analyst
A potential bounce for beaten down Tesla Inc. shares could be worthwhile for short-term traders, but probably doesn’t argue for a long-term investment, a widely followed technical analyst said in a Wednesday note. “I have little interest in TSLA right now as an investment. It’s overvalued and run by a CEO who clearly has other ... -
Corporate bonds on pace for worst year in history with negative 14% return
The biggest part of the roughly $10 trillion U.S. corporate bond market looks poised to cement its worst year ever, by a long shot. Investment-grade corporate bonds, a longtime source of funding for the world’s biggest companies, was set for a minus-14% total return in 2022, “a level that is nearly three times the second-greatest ...