Markets

Stocks won’t exit the bear market until the Federal Reserve’s last interest rate hike, according to Wells Fargo. Investors need to be cautious despite major indices’ recent gains, CIO Darrell Cronk told Bloomberg TV. “This very much looks like a bear market rally… you’ve got to play defense,” Cronk said. Loading Something is loading. It’s… Continue reading It’s time to ‘play defense’ with stocks experiencing a classic bear-market rally, Wells Fargo warns

US stocks have rallied in recent months, giving investors hope that the market has bottomed. But Wall Street strategists have warned not to try timing the market, with further volatility ahead. The bear market could drag on until the Federal Reserve stops hiking interest rates, one warned. Loading Something is loading. Bullish investors have started… Continue reading Wall Street is warning investors not to try to time the bottom in stocks — with the bear market potentially dragging on into 2023

A Stifel survey of corporate executives, business owners and investors found an overwhelming share are bracing for a recession.  Some 97% said a recession is either already happening or will arrive this year or next.  Separately, top executives have warned earnings could be further dragged down if the US dollar remains high.  Loading Something is… Continue reading Nearly all investors, corporate execs and entrepreneurs see a recession this year or next, survey says

Stock market investors will soon shift their attention on the US mid-term elections, Barclays says.  “The tide seems to have turned in favour of the Democrats to hold their Senate majority,” the bank said.  Barclays said regardless of the election outcome, stocks look poised to rally at year’s end.  Loading Something is loading. Stock market… Continue reading Election risk could soon take center stage for the stock market – and investors should reduce risk as equities historically underperform going into mid-terms, Barclays says

Social media allure is a big pitfall for crypto investors, experts say.  Research shows online communities and FOMO encourage investors to take out outsized risk.  The effect is amplified by icons and celebrity CEOs, whose comments can warp perceptions of value and risk.  Loading Something is loading. Tiffany Fong, a retail investor in crypto, has… Continue reading The social aspects and sense of community are the crypto market’s biggest allure and its biggest danger, experts say

China has helped globalize the yuan by gradually opening up its bond market to foreign investors, a new paper says. Chinese bonds are now treated more like debt from a developed nation, rather than from an emerging market, the authors argue. But Beijing faces a big test as China’s bond market has seen record outflows.… Continue reading China is making the yuan more international by opening up its bond market but the currency faces a big test, economists say

Chicken wing prices have plunged to pre-pandemic levels, and that’s great news for the stock market, according to Fundstrat.The research firm said any signs of deflation could show investors that inflation is not as sticky as some feared.”Inflation was the single biggest headwind for markets in 2022 and the inflection is the key to market… Continue reading Chicken wing prices have plunged to pre-pandemic levels. That’s great news for the stock market, Fundstrat says

I am going to be 29 years old next month, and I’m seriously behind on my retirement savings. Not knowing what to do next, I asked a 24-year-old financial planner how I can catch up. He said I need to increase and diversify my income, and save 20% of everything I make. Next month, I’ll… Continue reading I’m turning 29 and feeling unprepared for retirement, so I asked a popular Gen Z financial planner how I can make up for lost time and start managing my money for the future