Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Cecilia Mariotti"


3 mentions found


Treasury yields are spiking to levels not seen in over 15 years, causing sell-offs in many of the market's biggest bond funds. The iShares 20+ Year Treasury Bond ETF (TLT) closed at $89.18 on Monday, which was its lowest close since Feb. 10, 2011, according to FactSet. The Fed's target interest rate is already above 5%, as are short-term Treasury yields. But the long-term decline in bond yields began roughly two decades before that. That trend may finally have reached its turning point, Jim Grant, founder of Grant's Interest Rate Observer, said Tuesday on CNBC's " Squawk Box ."
Persons: Bruno Braizinha, Braizinha, Goldman Sachs, Cecilia Mariotti, Mariotti, Ajay Rajadhyaksha, Jonathan Krinsky, Jim Grant, Grant, BTIG's Krinsky Organizations: Treasury Bond ETF, iShares, Aggregate Bond, Treasury, Bank of America, Barclays, Federal
After what has been a tumultuous year for stocks, many investors are hoping that markets are at a turning point. Defensive stocks ArcelorMittal , the world's largest steelmaker, made CNBC's screen. The stock is rated buy by nearly 60% of analysts covering it, who give it potential upside of 26.3%. The company is expected to grow its margin by 17.9% next year and analysts give it potential upside of 23.4%. Analysts give the stock potential upside of 34.8%.
The S & P 500 has fallen 15.5% this year. The Wall Street firm set its year-end 2023 target at 4,000 on the S & P 500, just below its Friday's close of 4,026.12. For stocks, Goldman advised clients to buy beneficiaries of slowing inflation and those companies with resilient margins, while avoiding unprofitable long-duration stocks. Goldman economists assigned a 35% probability of a recession in the U.S., but think any downturn would likely be mild. "Housing markets, Italian sovereign risk, cryptos, private markets and shadow banking are likely to remain a concern," Goldman said.
Total: 3