S&P 500 Extends Gain, Up 1.15%

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JPMorgan on Dramatic Empire State Survey Drop, 'one of its weakest readings on record (back to 2001)'

August 15, 2022 9:41 AM EDT

JPMorgan on Dramatic Empire State Survey Drop

Analyst Daniel Silver comments "The August Empire State manufacturing survey was disappointing and pretty downbeat in terms of its headline and several key components. The headline index dropped from 11.1 in July to -31.3 in August, hitting one of its weakest readings on record (back to 2001). And the new orders index fell to -29.6 and the shipments measure dropped to -24.1,... More

JPMorgan Says 'US indices are likely most at risk from a change in sentiment over the coming weeks', Sees 'Winter of Discontent'

August 15, 2022 6:51 AM EDT

JPMorgan Says 'US indices are likely most at risk from a change in sentiment over the coming weeks'

Global Credit analyst Saul Doctor comments "Over the past few weeks it appears that many investors have thrown in the towels on shorts particularly in light of more limited August liquidity. Having traded in positive... More

Big Short Investor Burry Says 'Winter Coming'

August 12, 2022 3:20 PM EDT

Legendary hedge fund manager Michael Burry has once again tweeted a warning about a potential stock market decline.

Burry, most known for his bet against subprime mortgages, which was made into the film The Big Short, warned that rising consumer debt is a significant risk to the US economy.

Net consumer credit balances are rising at record rates as... More