Category: Uncategorized

https://www.bnnbloomberg.ca/goldman-bernstein-strategists-say-stocks-rally-can-fizzle-out-1.1801337 https://www.bnnbloomberg.ca/goldman-bernstein-strategists-say-stocks-rally-can-fizzle-out-1.1801337 The recent brisk rebound in equity markets won’t last as the macroeconomic data continue to deteriorate and earnings forecasts are being slashed, strategists at Goldman Sachs Group Inc. and Sanford C. Bernstein warn. “Without clear signs of a positive shift in macro momentum, temporary re-risking could actually increase risks of another leg lower …

Continue reading “Goldman, Bernstein strategists say stocks rally can fizzle out”

Oil futures extended a decline Thursday, with Brent crude slipping to levels last seen before Russia’s invasion of Ukraine and the U.S. benchmark sliding below the $90-a-barrel threshold. Oil is building on losses seen on Wednesday after the Energy Information Administration said U.S. crude supplies rose 4.5 million barrels in the week ended July 29, …

Continue reading “Oil rout deepens as U.S. crude benchmark falls below $90 a barrel”

US stocks wavered on Thursday as traders parsed various corporate earnings against a backdrop of aggressive interest-rate hikes by global central banks. The US yield curve remained inverted as recession fears persisted. The S&P 500 ended the session little changed after fluctuating throughout the session. The Nasdaq 100 closed up higher for the second straight …

Continue reading “Stocks Waver on Fedspeak, Disappointing Earnings: Markets Wrap”

he UK is set to fall into it longest recession since the financial crisis and inflation will peak at more than 13% as gas prices soar, the Bank of England has warned. Decision makers hiked the Bank’s base interest rate to 1.75% from 1.25%, the biggest single rise since 1995, as they tried to control …

Continue reading “Is anyone Listening…. Bank of England predicts massive inflation continuing AND a recession throughout 2004…”

CEO says company’s staffing levels don’t match up with current depressed trading environment Robinhood Markets Inc. plans to cut its staff by 23%, citing the weakening economic environment and depressed trading activity. Chief Executive Vlad Tenov publicly announced the layoffs in a Tuesday afternoon blog post, acknowledging that his prior plan to let go of …

Continue reading “Robinhood to lay off 23% of its workforce”

The financial market’s most knowledgeable inflation traders are expecting a string of roughly 8.8% annual headline U.S. consumer-price readings over the next three months, starting with the Aug. 10 release of July’s data. While such readings would be below June’s 9.1% reading and support the theory that inflation may have peaked at an almost 41-year …

Continue reading “markets may see three-month string of 8.8% inflation readings starting next week”

First time since last fall as hiring slows Lots of companies are still trying to hire, but many are pulling back and there’s been some reports of scattered layoffs, especially in the tech sector. The number of people applying for unemployment benefits has also risen slightly in the past few months. As long as the …

Continue reading “U.S. job openings drop below 11 million”

Slaying the inflation dragon isn’t done with baby steps. Expect much higher interest rates as a headwind for equities. ‘‘We are now at levels broadly in line with our estimates of neutral interest rates, and after front-loading our hiking cycle until now we will be much more data-dependent going forward.’’ — Jerome Powell, July 2022 …

Continue reading “The Fed vowed to crush inflation with higher rates. Then the stock market rallied”

Be on the lookout for the final two stages of bear market grief — depression and acceptance — before a major new bull market can begin. Stock investors have a lot more grieving to do before the bear market breathes its last. According to the five stages of bear market grief,  we’re currently at stage …

Continue reading “The stock market is in the 3rd stage of the 5 step process of grief— gardening the worst is yet to come depression and finally acceptiance”

We need vaccines with longer duration and greater breadth of protection,’ said Dr. David Kessler, chief science officer for the White House’s COVID-19 response team Moderna MRNA, 2.82% and Pfizer PFE, -0.62% have not yet started clinical trials for the new COVID-19 shots that are expected to better target the BA.4 and BA.5 strains of …

Continue reading “Moderna and Pfizer to start clinical trials for COVID-19 boosters that target the deadly BA.5 ‘in the near future’”