Markets

The bleeding in the S&P 500 this year is unlikely to stop until there’s a frenzied level of selling in the stock market, one financial newsletter told investors on Tuesday.  The S&P 500 dropped Tuesday, with nine of its 11 sectors in the red. The index has lost 22% from the all-time high of 4,818.62 it… Continue reading The stock market’s fear gauge needs to spike up significantly before the bear market bottoms out

The current economic downturn is already worse than expected, but there’s still more downside ahead for the market, according to Morgan Stanley.  Analysts led by Mike Wilson wrote in a Tuesday note that the stock market may not yet be sure what to make of falling bond yields. But yields still appear to be lagging… Continue reading A recession could crater the S&P 500 by more than 20% to 3,000, and the market downturn is already worse than expected, Morgan Stanley says

A number of major economies will enter a recession within the next 12 months as tightening monetary policy and surging commodity prices choke off global growth, according to Nomura.  In addition to the US, economists at the bank believe the eurozone, UK, Japan, South Korea, Australia and Canada will face contraction, according to a recent… Continue reading Expect a ‘procession of recessions’ across many of the world’s major economies within the next year, Nomura says

As China steps up its purchases of Russian oil, Iran has been forced to slash the price of its already cheap crude to to compete with Moscow’s steep discounts, Bloomberg reported Monday. Iranian oil is now priced $10 a barrel below global benchmarks such as Brent futures, commodities traders told Bloomberg. That represents a $5… Continue reading Iran is cutting its oil prices to compete with cheap Russian crude for Chinese buyers: report

Elon Musk’s Tesla, which commanded twice the market value of Warren Buffett’s Berkshire Hathaway eight months ago, is now worth less than $100 billion more. Tesla shares skyrocketed more than 12-fold during the first 18 months of the pandemic, as retail investors awarded “meme stock” status to the electric-vehicle company, and wagered it would revolutionize… Continue reading Elon Musk’s Tesla blew past Warren Buffett’s Berkshire Hathaway in market value during the pandemic. Now it’s less than $100 billion ahead.

Electricity grid problems in the US are a potential “black swan” that could wreak havoc in energy markets, according to Cornerstone Futures research director Brynne Kelly.   In an analyst note, the energy trader argues that failing power grids and electricity shortages could be the next vulnerability in the supply chain for oil and its products,… Continue reading A potential ‘black swan’ for US oil prices is being overlooked: unreliable electricity grids

Nouriel Roubini, the economist known as “Dr. Doom”, thinks the US is headed for a severe recession , a crisis that could send stocks falling another 50%. In a column on Project Syndicate, Roubini said the US had “ample reason to worry” about an impending recession, as the economy was currently showing characteristics of both… Continue reading “Dr. Doom” economist Nouriel Roubini says stocks could plunge another 50% as the US heads towards a severe financial crisis

Investors will have three ideal moments to buy stocks between now and early 2023 as the bear market decline continues, according to Bank of America. In a Wednesday note, Head of CIO Market Strategy for Merrill and Bank of America Private Bank Joseph Quinlan said investors should do the same thing in the stock market… Continue reading Investors will have 3 ideal entry points into the stock market over the next few months as bear attack lingers, according to BofA