Here's how to navigate the US election year amid a potential Biden-Trump rematch - UBS

Wells Fargo tells investors to trim exposure to these 3 outperforming sectors

Wells Fargo's senior global market strategist Scott Wren told investors in a note this week that there are three sectors they believe investors should be trimming their exposure to.

With the probability of a March rate cut virtually off the table and the chances of a cut in May fading, Wells Fargo feels... More

Stay long Magnificent Seven - Jefferies

Some investors are choosing to take profits on equities due to signs of a potential temporary market pullback.

Equity strategists at U.S. investment bank Jefferies are maintaining their long positions in the "Magnificent Seven" group of major US tech companies, but urged clients to reconsider their other long bets.

Jefferies has been bullish on equities for the past... More

Trade Balance (Dec) -$62.2B vs -$62B Expected

Trade Balance (Dec) -$62.2B vs -$62B Expected

MBA Mortgage Applications 3.7% vs -7.2% Prior

MBA Mortgage Applications 3.7% vs -7.2% Prior

S&P 500 closes at record high; earnings, rate outlook in focus

By Sinéad Carew and Johann M Cherian

(Reuters) -Wall Street's major stock indexes rose on Wednesday, with the benchmark S&P 500 registering a record closing high, as investors applauded overall strength in U.S. earnings and monitored Federal Reserve comments for clues on interest rates.

Shares in Chipotle Mexican Grill finished up 7.2%after it topped analyst estimates for quarterly profit and sales on strong demand for its burritos and rice bowls even as prices rose in its report issued late on Tuesday

Ford shares rose 6% as the automaker increased its first-quarter dividend and decided to... More

Global S&P Futures mixed in premarket

Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $74, natural gas mixed, gold at $2049

Fed's Mester open to rate cuts if it's clear inflation is easing further

By Michael S. Derby

(Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Tuesday that if the U.S. economy performs as she expects it could open the door to rate cuts, but shes not ready yet to offer any timing for easier policy amid ongoing inflation uncertainty.

Monetary policy is in a good place from which to assess and respond to risks to the outlook, Mester said in a speech to a gathering of the Ohio Bankers League in Columbus, Ohio. The current strength in labor market conditions and the strong spending data give... More

Communication services inflow record fueled by earnings - BofA

BofA's Jill Carey Hall said in her equity client flow note Tuesday that they have seen record communication services inflows.

According to Hall, last week saw the biggest equity inflows in seven weeks, with BofA clients large net buyers of US equities.

"Clients bought both single... More

Domestic buying of Chinese equities continues, Japan records meaningful inflows - Morgan Stanley

Morgan Stanley analyst Jonathan Garner said in a note Tuesday that Japan recorded "meaningful inflows" while there has been continued domestic buying of Chinese equities.

In his Asia Emerging Market (EM) Equity Strategy memo, Garner explained that EM equity funds saw inflows of $6.7 billion for the week ended January 31,... More

Citi’s Montagu says bullish stock flows have stalled

Citi analyst Chris Montagu said in his equity markets positioning model note Tuesday that the January bullish trends stalled as we reached February.

Montagu told investors that the bullish build of longs on US equities throughout most of January slowed, and the S&P and Nasdaq positioning is... More

S&P 500 closes up, focus on earnings and US interest rates

By Sinéad Carew and Johann M Cherian

(Reuters) -The S&P 500 closed slightly higher on Tuesday, as investors scrutinized a mixed bag of earnings at big U.S. companies and digested comments from Federal Reserve policy makers for clues about its first planned interest-rate cut.

Minneapolis Fed President Neel Kashkari said the central bank is "not done yet" with inflation although he noted it had come down quickly with three-month and six-month inflation data "basically" at the Fed's 2% goal.

Also, Cleveland Fed President Loretta Mester said that if the U.S. economy performs as she... More

Deutsche Bank now expects US to avoid a recession in 2024

Deutsche Bank updated its view on the US economys outlook, saying it now expects the country to avoid a recession that many, including the bank, predicted last year.

When we first adopted a mild recession as our baseline forecast, a key element was that, with an economy far from the Fed's objectives, the history of central bank-induced disinflations showed the path to a soft landing was narrow if not unprecedented,... More

Global S&P Futures mixed in premarket

Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $72.80, natural gas mixed, gold at $2040

Short-term investors should consider their positions in tech stocks - Oppenheimer

In their latest note covering technology stocks, Oppenheimer analysts said investors have enough reasons to remain bullish on the sector. However, short-term oriented traders should consider their positions carefully near-term, the analysts warned.

Specifically, while our coverage universe has had a modest start to 2024 (+1.6% average gain in January), several... More