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Goldman Sachs Warns Clients of More Equity Market Losses in Second Half of 2022

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MS Consumer Survey: 2/3 Plans to Cut Spending Next 6 Months, 30% Reports No Savings

July 1, 2022 8:21 AM EDT

As much as 2/3 of consumers are planning to cut their spending over the next 6 months due to high inflation, Morgan Stanley warns.

After inflation, the U.S. political environment is a cause of concern for 41% of survey respondents, with the COVID-19 spread falling to 25% from the prior 32%.

Apart from inflation, low-income consumers are generally more worried about the inability... More

BofA's Bull and Bear Indicator is at 'Maximum Bearish' For a Third Week In a Row

July 1, 2022 7:34 AM EDT

Investors have continued to exit stocks and bonds in a week to Wednesday, June 29, Bank of America strategists led by Michael Hartnett wrote in a client note today.

Global outflows from stocks and bonds were at $5.8 billion and $17 billion, respectively, in addition to $1.1 billion outflows from gold.

Hartnett highlighted that inflows to... More