Dow Jones, Nasdaq, S&P 500 weekly preview: Uncertainty increasing

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'Anxiety and volatility high, but sharply lower interest rates, fed likely on hold, are strong positives for markets' - Lloyd Blankfein

March 13, 2023 11:01 AM EDT

Former Goldman Sachs CEO Lloyd Blankfein tweets: "A few banks may have issues like SVB, but only a few. Govt actions removed reasons for bank runs. Biggest banks have much tougher regulation and stress testing. Anxiety and volatility high, but sharply lower interest rates, fed likely on hold, are... More

Key risk for stocks is not banks but earnings growth estimates - MS Wilson

March 13, 2023 10:14 AM EDT

Michael Wilson, Morgan Stanleys chief equity strategist, weighed in on the latest developments pertaining to the collapse of Silicon Valley Bank (NASDAQ: SIVB).

Wilson urges investors to focus on the real story for equity markets: earnings growth estimates.

Earnings growth expectations remain materially too high, and markets are now likely... More

February CPI inflation report preview: BofA and Goldman weigh in

March 13, 2023 9:58 AM EDT

The U.S. Bureau of Labor Statistics (BLS) is scheduled to release inflation figures for February on Tuesday, March 14.

The Street is looking for the core CPI to rise 0.4% on a month-over-month (MoM) basis. Headline CPI is expected to also rise 0.4% MoM while YoY rate is seen at 6.0%. For the month of January, the reported figures were 0.4%, 0.5%, and 6.4%,... More

Downside risk for SPX to the low 3800s then mid 3600s, claims BofA

March 13, 2023 9:50 AM EDT

BofA's Stephen Suttmeier said in a note Monday that there is downside risk for the S&P 500 to the low 3800s and then mid 3600s.

"It happened very quickly. Supports held, and then they did not," the analyst told clients. "The SPX broken down from a January into March head and shoulders top.... More