investing

This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead.

A day after the Dow DJIA climbed out of bear territory on hopeful comments by Fed Chairman Jerome Powell, stock futures indicate a rethink of that optimism, as inflation data looms. The Fed chief’s suggestion of a 50 basis point hike vs. 75 bp in December wasn’t new, but investors got excited anyway, says the …

This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead. Read More »

Tech layoffs approach Great Recession levels: ‘It was not sustainable or real’

The number of tech layoffs this year is nearing annual levels seen during the Great Recession, but is far from dot-com-bust territory. As technology companies deal with declining stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications — such as from Amazon.com …

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‘We see major stock markets plunging 25%,’ says Deutsche Bank

A US recession induced by central-bank efforts to curb inflation is likely to arrive by mid-2023 and trigger a sharp and “temporarily painful” decline in equities, according to Deutsche Bank researchers. “We see major stock markets plunging 25% from levels somewhat above today’s when the US recession hits, but then recovering fully by year-end 2023, …

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Fed’s shrinking of balance sheet via quantitative tightening is ‘a complete mistake,’ says Mizuho

The Federal Reserve’s attempt at shrinking its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief economist for the US “There is a nontrivial probability that market liquidity will be adversely affected well before the targeted $2 trillion has been rolled off, preventing the Fed from accomplishing its …

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Fed’s shrinking of balance sheet via quantitative tightening is ‘a complete mistake,’ says Mizuho

The Federal Reserve’s attempt at shrinking its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief economist for the US “There is a nontrivial probability that market liquidity will be adversely affected well before the targeted $2 trillion has been rolled off, preventing the Fed from accomplishing its …

Fed’s shrinking of balance sheet via quantitative tightening is ‘a complete mistake,’ says Mizuho Read More »

A recession akin to 1969-1970 awaits US next year, economist warns

Brace for a recession next year. That is the word of warning from S&P Global Ratings economist Beth Ann Bovino, in a post-Thanksgiving weekend report on Monday. “ ‘GDP will decline by 0.8%, a mild recession in line with the 1969/1970 recession.’ ” — S&P Global Ratings As with many prognosticators inside and outside of …

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Stock market could see ‘fireworks’ through the end of the year as headwinds have ‘flipped,’ Fundstrat’s Tom Lee says

Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in US equities heading into year-end, according to Tom Lee, head of research at Fundstrat Global Advisors. “The Thanksgiving holiday has ended and now markets are entering the final key weeks of 2022,” said Lee, head …

Stock market could see ‘fireworks’ through the end of the year as headwinds have ‘flipped,’ Fundstrat’s Tom Lee says Read More »

US stock futures fall as Chinese protests rattle markets, oil hits 2022 low

US stock-index futures sank Sunday night, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures YM00, -0.47% fell more than 150 points, or 0.5%, as of 10 pm Eastern, while S&P 500 futures ES00, -0.63% and Nasdaq-100 futures NQ00, -0.77% dropped …

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