With the Federal Reserve maintaining a hawkish stance, investors have been fleeing toward the safety of cash at a record pace. In the week through Nov. 2, investors poured in $62.1 billion into cash, a note from Bank of America (BofA) said citing EPFR Global Data. Since the beginning of October, fund flows into cash…
Investors Rush to Safety of Cash at Fastest Pace Since Pandemic Stock Rout
Top Morgan Stanley Strategist Says Stocks Are Ripe for Relief Rally, but Warns of Coming Bear Market
A top Morgan Stanley strategist said that Wall Street is ripe for a short-term rally before falling deeper into a bear market. Shares in U.S based companies have been struggling since the start of the year, with the S&P 500 index on the verge of witnessing its biggest annual decline since the 2008 financial crisis….
Jamie Dimon Sees ‘Easy 20 Percent’ Drop in Stocks but Warns It Could Be Worse
JPMorgan Chase CEO Jamie Dimon commented that it was unlikely that the Federal Reserve would be able to slow the economy without causing a “tough” recession. Dimon spoke at a financial industry conference in Washington on Oct. 13 where he made his prediction. He said that Wall Street could suffer another “easy 20 percent” drop, plunging the…
Wall Street’s ‘Fear Gauge’ Flashes Warning Signs
The CBOE Volatility Index (VIX), Wall Street’s “fear gauge,” is beginning to flash warning signs regarding the markets. Wall Street has witnessed losses over recent weeks, as inflation remains high and the Federal Reserve shows no intention of backing down on raising interest rates. The labor market remains tight and wholesale prices climbed for the first…
What Are Stocks Worth? A Review After Seven Months
Commentary Earlier this year, my Epoch Times article of Feb. 5 attempted to estimate the underlying value of stocks and determine the extent to which stocks were over- or undervalued and by how much. In February, the S&P 500 Index was at 4,500. With the corporate bond rate of 3 percent, my analysis showed the fundamental value of the…
What Are Stocks Worth? A Review After 7 Months
Commentary Earlier this year, my Epoch Times article of Feb. 5 attempted to estimate the underlying value of stocks and determine the extent to which stocks were over- or undervalued and by how much. In February, the S&P 500 Index was at 4,500. With the corporate bond rate of 3 percent, my analysis showed the fundamental value of the…
How Major US Stock Indexes Fared Wednesday Aug. 17, 2022
Stocks closed lower on Wall Street, led by drops in big technology companies and erasing the S&P 500′s gains for the week. The S&P 500 fell 0.7 percent Wednesday, while the Dow Jones Industrial Average and the Nasdaq also fell. Small-company stocks fell more than the rest of the market. Wall Street was absorbing a…
How Major US Stock Indexes Fared Tuesday Aug. 16, 2022
Stocks ended mostly higher on Wall Street Tuesday after another bumpy day as investors cautiously reviewed mostly encouraging financial results from major retailers. The S&P 500 index wound up with a modest gain of 0.2 percent, while the tech-heavy Nasdaq fell. The Dow Jones Industrial Average rose, mostly due to gains in Walmart and Home…
Wall Street Tumbles on Fears for Economy as More Rates Rise
NEW YORK—Stocks tumbled on Wall Street Thursday as worries roared back to the fore that the world’s fragile economy may buckle under higher interest rates. The S&P 500 fell 3.3 percent in a widespread rout to more than reverse its blip of a 1.5 percent rally from a day before. Analysts had warned of more big…
S&P 500 Dips With Fed Policy Announcement on Tap
NEW YORK—The S&P 500 ended lower on Tuesday as the index was unable to bounce from a sharp sell-off in the prior session with a key policy statement from the Federal Reserve on deck that will reveal how aggressive the central bank’s policy path will be. Analyst expectations had largely been predicting the Fed would…
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