Wall Street rallies, S&P 500 posts record closing high
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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
BofA: Momentum has already rotated into cyclicals
March 7, 2024 2:00 PM ESTThe market momentum has already rotated into cyclicals, according to analysts at Bank of America.
The investment bank explained in its research note Thursday that often when their "Global Wave" inflects and turns positive on the global cycle, momentum-based strategies can underperform while the constituents of Momentum rotate from... More
UBS: Macro backdrop is favorable for quality bonds
March 7, 2024 10:51 AM ESTUBS analysts said in a research note on Thursday that the current macro backdrop is favorable for "quality bonds."
The bank points out that while the ascent in US equities to all-time highs has grabbed headlines recently, US Treasuries have also rallied over the past two weeks.... More
