Morgan Stanley's Wilson insists this is just another bear market rally
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Here's how US stocks tend to perform during election years - Goldman Sachs
November 6, 2023 8:36 AM ESTGoldman Sachs equity strategists led by David Kostin analyzed the returns in the stock market during years when U.S. presidential elections took place.
The 2025 election will mark the 60th time Americans will cast their votes since 1788. The election process officially begins on January 15th with the Iowa Republican caucuses,... More
JPMorgan says this stock market rally is not sustainable
November 6, 2023 8:17 AM ESTJPMorgan strategists led by Mislav Matejka anticipate that the tradeoff between economic growth and policy challenges will persist, impacting sentiment towards stocks as the year draws to a close.
We believe that equities will soon revert back to an unattractive risk-reward into year end, Matejka wrote in a note to clients.
The factors contributing to this outlook include the expectation of sustained high interest rates, downward adjustments... More
Dow Jones, Nasdaq, S&P 500 weekly preview: Fed sparks a massive rally
November 6, 2023 8:01 AM ESTStocks surged aggressively last week as investor bets rose that rates have peaked in the aftermath of the FOMCs decision to leave rates unchanged. Moreover, the labor market data cooled, signaling the Fed is done hiking.
The S&P 500 (SPX) added 5.9% to mark its best week of the year. Dow Jones Industrial Average (DJI) rose 5.1% while the tech-heavy Nasdaq Composite Index (IXIC) jumped 6.6%.
The FOMC held steady, shrugging off strong data on the pretext of tightened financial conditions. But this dovish turn may have backfired, with financial conditions easing significantly this week amid some softer data. We... More
Fed's dovish turn may have backfired says Barclays, sees the central bank hiking in January
November 6, 2023 7:40 AM ESTJonathan Millar, a senior U.S. economist at Barclays, took note of the easing financial conditions amid softer data and the Feds dovish pivot last week, which prompted a massive rally in risk assets.
This dovish turn may have backfired, Millar wrote in a note to clients, before... More
