Trading was turbulent on Monday as investors digested the latest bank headlines and looked ahead to the next Fed meeting. In addition to news that UBS Group (UBS (opens in new tab)) will take over embattled competitor Credit Suisse (CS (opens in new tab)), reports emerged that JPMorgan Chase (JPM (opens in new tab)) CEO… Continue reading Stock Market Today: Stocks Rise Ahead of Fed
For a Concentrated Stock Position, Ask Your Adviser This
Market volatility, inflation and the pandemic have all amplified the need for investors to mitigate portfolio risks. Amid these factors, it’s vital to evaluate whether a disproportionately large portion of your portfolio is invested in any single stock — also known as a concentrated stock position. While this investing approach isn’t always a negative, it… Continue reading For a Concentrated Stock Position, Ask Your Adviser This
US stocks jump as traders hope worst of banking crisis has passed
US stocks closed higher Monday as investors tried to navigate uncertainty in the banking system. UBS’ takeover of Credit Suisse over the weekend cooled some fears of a wider crisis. Morgan Stanley said recent bank failures mark what’s likely to be a “vicious” end to the bear market. Loading Something is loading. Thanks for signing… Continue reading US stocks jump as traders hope worst of banking crisis has passed
Charles Schwab clients poured in $17 billion last week as the spiraling bank crisis sent money to a ‘safe port in a storm’
Charles Schwab saw a $16.5 billion inflow of new assets last week amid the banking crisis. “Charles Schwab remains a safe port in a storm,” the brokerage said in a statement. Last week, CEO Walter Bettinger said clients poured $4 billion into the firm on March 10 alone. Loading Something is loading. Thanks for signing… Continue reading Charles Schwab clients poured in $17 billion last week as the spiraling bank crisis sent money to a ‘safe port in a storm’
Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears
Goldman Sachs slashed its oil price forecast because the ongoing banking crisis is boosting fears of a recession.Analysts now expect oil to trade at $94 per barrel by the end of the year, down from a prior forecast of $100.Oil prices have plunged 15% since Silicon Valley Bank collapsed earlier this month. Loading Something is… Continue reading Goldman Sachs slashes its oil price target as banking fiasco boosts recession fears
Elon Musk sees ‘serious risk’ of another Great Depression if the Fed doesn’t stem the collapse of regional banks after SVB failure
Elon Musk sees danger ahead for the US economy if the Fed doesn’t contain the regional banking crisis. Financial blog Zero Hedge said on Twitter that unchecked pain among smaller banks could lead to a great depression. “This is a serious risk,” Musk tweeted in response. Loading Something is loading. Thanks for signing up!… Continue reading Elon Musk sees ‘serious risk’ of another Great Depression if the Fed doesn’t stem the collapse of regional banks after SVB failure
It’s too early to call a bottom for the stock market because there’s more pain coming for regional banks, BlackRock strategist says
The banking crisis hasn’t fully played out so it’s too soon to call a market bottom, a BlackRock strategist said. In particular, there’s “more pain” headed towards smaller banks, Gargi Chaudhuri told Bloomberg TV. She added that looming regulatory changes for the banking system would likely impact stock prices. Loading Something is loading. Thanks for… Continue reading It’s too early to call a bottom for the stock market because there’s more pain coming for regional banks, BlackRock strategist says
The Fed is about to release its first policy decision since 3 banks collapsed. Here’s what high-profile commentators and analysts say it will do.
The Fed meeting this week will be the first since a flurry of bank failures threw markets into chaos. Market heavyweights such as Jeff Gundlach and Steve Eisman have been discussing what they see is next for rates. Odds are tilting toward a rate hike of 25 basis points at the March 22 meeting. Loading… Continue reading The Fed is about to release its first policy decision since 3 banks collapsed. Here’s what high-profile commentators and analysts say it will do.
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