The Nasdaq 100 just flashed a “sell” signal for the first time since November 2021, according to Fairlead Strategies.The sell signal suggests the stock market will soon roll over, leading to a return of strength in defensive sectors.Outperformance in utilities and health care stocks “would be naturally associated with the next market downdraft,” Fairlead’s Katie… Continue reading Technology stocks just flashed their first sell signal since just before the market peaked in November 2021
AMC surges 18% on report that Amazon may be interested in buying the movie theater chain
AMC Entertainment surged as much as 21% on Tuesday after a report suggested Amazon might buy the struggling movie theater chain.The Intersect reported that Amazon chariman Jeff Bezos ordered his investment advisors to “explore acquisition plans” for AMC.AMC has been on a rollercoaster ride ever since it became a target for meme-stock trader in 2020.… Continue reading AMC surges 18% on report that Amazon may be interested in buying the movie theater chain
There’s more economic pain coming as the SVB fallout is likely not contained, Mohamed El-Erian says
More economic pain is coming as the SVB fallout is likely not contained, Mohamed El-Erian said. Though policymakers have quelled financial contagion, economic contagion is still a risk, he warned. El-Erian has said a recession isn’t inevitable, but other commentators have warned of one this year. Loading Something is loading. Thanks for signing up! Access… Continue reading There’s more economic pain coming as the SVB fallout is likely not contained, Mohamed El-Erian says
‘Dr. Doom’ economist Nouriel Roubini says the crypto industry is a ‘total criminal enterprise’ riddled with market manipulation
Nouriel Roubini said crypto markets are chock full of criminal activity and manipulation. The famed economist described the industry as a “criminal enterprise” in a Tuesday tweet. Earlier this year, the crypto bear said the space is a “total real-bubble Ponzi scheme that is going bust.” Loading Something is loading. Thanks for signing up! Access… Continue reading ‘Dr. Doom’ economist Nouriel Roubini says the crypto industry is a ‘total criminal enterprise’ riddled with market manipulation
The downside risk to the stock market is the highest it’s been in a year as earnings face pressure, Morgan Stanley’s chief stock strategist says
Stocks are still set to see earnings pressure, and investors shouldn’t be fooled by the tech rally, Morgan Stanley’s Mike Wilson said. Wilson said stocks now faced the highest downside risk in a year following the collapse of SVB. Previously, he predicted the worst earnings recession since 2008 to strike the market. Loading Something is… Continue reading The downside risk to the stock market is the highest it’s been in a year as earnings face pressure, Morgan Stanley’s chief stock strategist says
The stock market rally is over as commercial real estate risks begin to compound, JPMorgan’s chief market strategist says
The stock market rally is nearing its end as risks related to commercial real estate begin to rise, according to JPMorgan.The bank believes the highs for the stock market have been made in 2023, with further downside ahead.”CRE stresses appear to be compounding, amplified by banking shocks that could complicate their debt roll,” JPMorgan said.… Continue reading The stock market rally is over as commercial real estate risks begin to compound, JPMorgan’s chief market strategist says
‘The storm signals are flying’: Evercore founder says the US is barreling towards a recession
Evercore founder Roger Altman says the odds of a recession are rising, he told CNBC on Monday. Altman breaks down which indicators he’s using to gauge economic health. “We could be heading into that kind of economic softness, and that might affect credit quality and banking health.” Loading Something is loading. Thanks for signing up!… Continue reading ‘The storm signals are flying’: Evercore founder says the US is barreling towards a recession
The latest US bank crisis is opening doors for China to assert global ascendancy, Yale economist says
Volatility in the US banking system is an opportunity for China, Yale’s Stephen Roach said. In an op-ed for Project Syndicate, he pointed to weaknesses that were exposed from SVB’s collapse. “A rising China is taking dead aim at crisis-prone America,” Roach said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading The latest US bank crisis is opening doors for China to assert global ascendancy, Yale economist says
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