Wall Street ends sharply lower as chipmakers and megacaps slide
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YTD inflows to money markets hit $1 trillion - BofA
September 15, 2023 6:52 AM EDTEquities have experienced their most substantial weekly inflow since March 2022, driven by growing confidence in the consensus of a soft landing, according to Bank of Americas Michael Hartnett.
In the week to Wednesday, stocks attracted an inflow of $25.3 billion, while cash saw a $28.9 billion inflow. Bonds received a $4.8 billion inflow, while gold experienced an outflow... More
3 prominent Wall Street strategists discuss what's next for S&P 500 and US equities
September 15, 2023 6:31 AM EDTThe stock market has enjoyed a really solid year, benefiting from resilient economic growth, falling inflation, and optimism surrounding generative artificial intelligence.
The market's resilience and upward trajectory in the face of widespread pessimism that the economic cycle was coming to an end have been significant drivers of this year's rally.
S&P 500 is up 17.3% despite some economists still expecting the U.S. to face a recession in late 2023, or early 2024.
The key question is: where do we from here?
Here, we share the views of three prominent equity strategists.
Barclays Emmanuel Cau: Markets... More
