Wall Street extends sell-off as Powell hints at further rate hikes
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
A pullback in AI stocks would represent tactical opportunity - Barclays
June 22, 2023 7:57 AM EDTBarclays analyst Venu Krishna told investors in a note Thursday that artificial intelligence (AI) stocks represent a real but pricey opportunity.
The analyst explained that AI has spiked tech valuations and contributed to the narrowness of returns. However, he notes that the primary beneficiaries are not extreme, and their earnings should grow... More
Goldman Sachs sees 5 reasons investors should add downside protection to equity portfolios
June 21, 2023 10:44 AM EDTGoldman Sachs analyst Cormac Connors told investors in a note Wednesday that the firm's baseline view is that the S&P 500 will rise by 3% to 4500 by year-end 2023 and will reach 4700 (+7%) in 12 months.
However, the analyst noted that some portfolio managers expect a recession to begin within the... More
