S&P 500 May Revisit June Lows 'Faster Than Many Anticipate' - Strategist
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"Recession not priced in" Says Berenberg
September 26, 2022 7:00 AM EDT"Recession not priced in" Says Berenberg analyst Jonathan Stubbs.
The analyst comments "European and UK equities are trading below their long-term average forward P/E multiples (although there is uncertainty over forward earnings) and in line with their long-term average trailing dividend yields. This compares to the... More
Strategists Revise Forecasts After Fed's 'Hawkish 75bp Hike'
September 22, 2022 6:34 AM EDTThe Federal Reserve raised its key interest rate by 0.75 percentage points yesterday to mark the third consecutive rate hike of that size. Yesterdays move has pushed the benchmark rate to a range of 3% to 3.25%.
More importantly, the Federal Feds dot plot suggests more aggressive tightening ahead with interest rates seen going all the way to 4.6% in 2023.
Reducing inflation is likely to require a sustained period of below trend growth, Federal Reserve Chair Jerome Powell said. And, it will very likely [mean] some softening of labor market conditions.
Restoring price stability is essential to set the stage for achieving... More
