Dollar bulls vs bears: Bank of America weighs in

BofA says this S&P 500 rally could exceed 5400

Based on the movement in January and February, BofA analysts see the S&P 500 pushing above 5400 this year.

The firm explained that a 1.6% rally for the S&P 500 (SPX) in January generated a bullish January Barometer signal for 2024, and with the SPX continuing to rally in February with a 5.2% gain for the month, this "triggers a bullish January-February Barometer for 2024."

After... More

The current equity bubble is 'not large yet' - Citi

Despite the recent solid equity performance so far this year, Citi analysts feel the current bubble is not yet overly large in terms of price appreciation, duration, valuation, or sentiment.

The firm made the comments in a research note to clients this week, noting that the current... More

BofA remains bearish on EU stocks

Bank of America analysts maintained their negative view of European equities in a note Friday, saying they expect macro momentum to weaken.

The bank notes that European value versus growth stocks have dropped to a two-year low, driven by sharp sector swings. This is despite higher bond yields.

"Value stocks have underperformed growth stocks by 10% since the start of the year, leaving the... More

Wells Fargo: Surges in inflation & personal income likely to be short-lived

Wells Fargo said in a note Thursday that it expects the surges in inflation and personal income to be short-lived.

Data reported today revealed that personal income growth surprised to the upside in January, coming in at 1% month-on-month. However, Wells Fargo notes that after adjusting for inflation, real spending fell 0.1%. The reported personal spending number was 0.2% month-on-month in January.... More

Kansas City Fed Manf. -4 vs -2 Expected

Kansas City Fed Manf. -4 vs -2 Expected

Pending Home Sales (Jan MoM) -4.9% vs 1.5% Expected

Pending Home Sales (Jan MoM) -4.9% vs 1.5% Expected

MNI Chicago PMI (Feb) 44 vs 48 Expected

MNI Chicago PMI (Feb) 44 vs 48 Expected

These are the top 5 stocks owned by Hedge Funds

In a recent note from Wednesday, strategists at Jefferies said that hedge funds entered 2024 with a more cautious approach, reducing their overall risk exposure to below the long-term average at 166%.

Specifically, these funds have adjusted their investments toward the so-called Secular Growth sectors as they move into 2024, yet they remain overweight (OW) by 7% in these areas, which account for half of their portfolio.

Despite decreasing their stake in Secular Growth, investors have increased their investments in what Jefferies refers to as the 'Sweet 16' (akin to... More

PCE Deflator (Jan MoM) 0.3% vs 0.3%; PCE Core Deflator (MoM) 0.4% vs 0.4%

PCE Deflator (Jan MoM) 0.3% vs 0.3%; PCE Core Deflator (MoM) 0.4% vs 0.4%

Personal Income (Jan) 1% vs 0.4% Expected, Spending 0.2% vs 0.2%

Personal Income (Jan) 1% vs 0.4% Expected, Spending 0.2% vs 0.2%