Here’s how much China stocks still could rally from zero-COVID depths, according to Goldman strategists

Here’s how much China stocks still could rally from zero-COVID depths, according to Goldman strategists

Wall Street stocks are poised for a bounce to start a new week, with politics one spotlight as US midterm elections are set to get under way. Many expect a split Congress and political deadlock for two years, which isn’t necessarily bad for markets, which tends to prefer a divided government. Neil Wilson, chief strategist … Read more

Here’s why US stocks have more room to fall, says one fund manager — and where to find what will break next

Here’s why US stocks have more room to fall, says one fund manager — and where to find what will break next

There seems to be a competition between UK fiscal and monetary authorities as to which can cause the most turmoil in financial markets, in light of Bank of England Gov. Andrew Bailey telling a conference in Washington DC that pension funds had three days to sell UK government bonds. A question that’s going around is … Read more

There’s a good bet to be made in this ‘uninvestable’ country, says UBS

There’s a good bet to be made in this ‘uninvestable’ country, says UBS

The latest bounce on Wall Street is yet another reminder that there’s money to be made by nimble traders with a short-term view if they look to buy when the market mood feels overwhelmingly grim. So, when Liberum Capital this week told Bloomberg that investors thought political and market storms made the UK currently “uninvestable,” … Read more

Growling Powell causes Goldman to cut its S&P 500 price target. Again.

Growling Powell causes Goldman to cut its S&P 500 price target.  Again.

During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would keep going higher. “Money Printer Go Brrr” featured a Rambo-esque Jay Powell, chair of the Federal Reserve, determinedly firing out greenbacks to whoever … Read more

Jeffrey Gundlach says bonds are ‘wickedly cheap’ compared to stocks — and offers one way to get a 9% return without much risk

Jeffrey Gundlach says bonds are ‘wickedly cheap’ compared to stocks — and offers one way to get a 9% return without much risk

You can forgive Jeffrey Gundlach, a long-suffering Buffalo Bills fan, if he has the NFL on his mind now that the team he supports looks like the Super Bowl favorite. The chief executive of DoubleLine Capital says he recalls an ad for Crown Royal whisky, in which a referee tells drinkers to take a water … Read more

Bill Ackman says fast-food chains are an inflationary shield. Here’s two he likes, and one he just sold.

Bill Ackman says fast-food chains are an inflationary shield.  Here’s two he likes, and one he just sold.

A cautious session is ahead for Tuesday, following the worst smackdown since June for major indexes. That’s as an increasing number of investors see the Fed pivoting from rate hikes to be a tall order in the face of stubbornly high inflation and a global growth mess. We’ll find out Friday when Fed Chairman Jerome … Read more

Veteran strategist Dennis Gartman says it’s still a bear market with no Fed pivot in sight

Veteran strategist Dennis Gartman says it’s still a bear market with no Fed pivot in sight

As the market heads into the new week, the attention is still very much on Friday’s jobs report showing an unexpectedly strong 528,000 increase in nonfarm payrolls. “It was quite a surprise to me,” said Dennis Gartman, the retired publisher of the Gartman Letter and now the chairman of the University of Akron’s endowment and … Read more

FAANGs ain’t what they used to be, so beware the bear-market bounce says this hedge fund manager

FAANGs ain’t what they used to be, so beware the bear-market bounce says this hedge fund manager

It’s been some rally. The S&P 500 SPX, -0.20% is starting the week at a seven-week high, bolstered by hopes for a less hawkish Fed and a sense that earnings pessimism was overdone. The benchmark stock index is up 12.6% from the recent low hit md-June, having delivered its best July performance since 1939, according … Read more

Buying stocks now could bring you pain over the next few weeks. But you’ll be thanking yourself a year from now, these analysts say.

Buying stocks now could bring you pain over the next few weeks.  But you’ll be thanking yourself a year from now, these analysts say.

How bad is the mood out there right now? Try max bearish. So said Bank of America’s latest fund manager survey on Tuesday that showed expectations for profits and growth at recessionary levels. Yet Wall Street rallied and more gains are ahead for Wednesday, partly on earnings optimism but also as some see all this … Read more

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

The last trading day of May is being marked by weakness in stocks and surging crude prices, climbing after the EU hammered out a partial ban on Russian oil imports after that country’s invasion of Ukraine four months ago. That brings us to our call of the day from Goldman Sachs, who sees a budding … Read more