October could serve as a “bear market killer” for the US stock market, said Carson Wealth in a note. Of the past 17 bear – or near bear markets – stocks have bottomed in October six times. Markets are entering another strong season: the period after a midterm election. Loading Something is loading. US stocks… Continue reading October is often grim for stocks but it’s also historically been a ‘bear market killer’ – and it could happen again as the 4th quarter kicks off with a blistering rally
Dow soars 800 points as stocks extend massive rally on fresh hopes for less hawkish central banks
Brian Evans US stocks have rallied sharply since June. ANGELA WEISS/Getty Images The Dow soared 800 points, and the Nasdaq jumped 3% Tuesday as stocks capped their best two-day rally since 2020. A drop in US job openings and a smaller-than-expected rate hike from the Reserve Bank of Australia helped fuel the bullishness. Twitter stock… Continue reading Dow soars 800 points as stocks extend massive rally on fresh hopes for less hawkish central banks
Twitter soars 23% on report that Elon Musk is proposing to move forward with his $44 billion takeover
Twitter soared 23% on Tuesday after Bloomberg reported Elon Musk will move forward with his deal to buy the social media company.Musk has proposed to close the deal on the stated terms, in which he will buy the company for $44 billion.Musk had previously contested the deal, with a court trial scheduled to begin this… Continue reading Twitter soars 23% on report that Elon Musk is proposing to move forward with his $44 billion takeover
The stock market likely just bottomed and a 15% rally could take hold into year-end, Fundstrat says
The stock market has likely bottomed this week and could stage a 15% rally, according to Fundstrat.The firm highlighted favorable seasonal trends heading into the fourth quarter, as well as depressed investor sentiment.”Risk/reward certainly favors betting on an above-average bounce in the ‘Bear Killer’ month of October,” Fundstrat said. Loading Something is loading. The stock… Continue reading The stock market likely just bottomed and a 15% rally could take hold into year-end, Fundstrat says
The key 10-year Treasury yield is tumbling as softer economic data injects ‘hopium’ into markets over a Fed policy pivot
The 10-year Treasury yield sharply dropped on Tuesday, highlighting market speculation about a so-called Fed pivot from aggressive interest rate hikes. Soft economic data including a tumble in US job openings was contributing to sending the 10-year yield down 20 basis points. US stocks rallied for a second session, including a 3% climb in the… Continue reading The key 10-year Treasury yield is tumbling as softer economic data injects ‘hopium’ into markets over a Fed policy pivot
Stocks won’t find a bottom without more clarity on the timing of an economic rebound, and the market will be under pressure for up to 12 months, Morningstar says
Morningstar expects over the next six to 12 months that the stock market will remain under pressure and volatility will stay high for the foreseeable future. The equity market is “significantly undervalued” and is trading at about a 20% discount to fair value, said the firm in its Q4 outlook. It also expects the federal… Continue reading Stocks won’t find a bottom without more clarity on the timing of an economic rebound, and the market will be under pressure for up to 12 months, Morningstar says
Dow soars 764 points to kick off October as US stocks surge on slide in US dollar and lower bond yields
Matthew Fox Xinhua/Wang Ying/ Getty Images US stocks kicked off October with strong gains as all major market indices jumped over 2%.The surge came amid a decline in the US dollar and a slide lower in bond yields.The rally was initially sparked by the UK government’s reversal of its tax-cut proposal. Loading Something is loading.… Continue reading Dow soars 764 points to kick off October as US stocks surge on slide in US dollar and lower bond yields
A soaring US dollar will force the Fed to pivot away from its interest rate hikes, but that won’t be enough to prevent an earnings recession, Morgan Stanley says
The Federal Reserve will likely follow in the Bank of England’s footsteps and pivot, according to Morgan Stanley.The bank said global US dollar liquidity is now in the “danger zone where bad stuff happens.”But stock investors shouldn’t be too excited by any Fed pivot because an earnings recession is imminent, Morgan Stanley said. Loading Something… Continue reading A soaring US dollar will force the Fed to pivot away from its interest rate hikes, but that won’t be enough to prevent an earnings recession, Morgan Stanley says
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