S&P 500, Nasdaq end down as investors wait for CPI, PPI data

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Analysts answers the question: What to buy when greed and fear take over?

March 11, 2024 8:00 PM EDT

Fear and greed are on opposite ends of the market sentiment spectrum, but the question remains the same regardless, what should investors buy when fear and greed take center stage?

Analysts at Evercore ISI explained their view on the topic in a note to clients this week, saying that stocks are "historically uncorrelated," and indices are being driven by a small number of stocks.

The firm said, "Active managers are torn between embracing greed (chasing leaders) and... More

RBC Capital sees more broad-based improvement in US GDP expectations

March 11, 2024 8:37 AM EDT

RBC Capital's head of U.S. equity strategy, Lori Calvasina, highlighted the key aspects they have noticed from their high-frequency indicators in a note Monday.

Firstly, the firm said one of its key sentiment indicators has started to retreat after hitting extreme levels, which has coincided with a stealth rotation in leadership.

RBC explained it had seen a sharp move lower on CFTC's US equity futures positioning gauge. "This was driven by a drop in positioning in Nasdaq... More

Bank of America says CTAs could start trimming their longs in equities

March 11, 2024 8:02 AM EDT

Analysts at Bank of America said Monday they believe the decline in equity price trend could cause CTAs trim their long positions.

The firm explained that since the end of October last year, the S&P 500, NASDAQ-100, EURO STOXX 50, and Nikkei 225 are each up more than 20%.... More