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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUS recession 'lurks' early in 2025 as labor market continues to deteriorate: BCA ResearchDoug Peta of BCA Research raises his concerns about the US consumer as compensation and borrowing continues to weaken – and the impact that could have on the US economy.
Persons: Doug Peta, Organizations: Research
The rise and fall of the "Nifty Fifty" stocks in the 1970s is a cautionary tale for investors in the Magnificent Seven craze, according to BCA Research. The "Nifty Fifty" refers to a loose group of stocks including Coca-Cola , IBM , Xerox and Pfizer , that rose to prominence in the 1970 to 1973 bull market. The comments from BCA come as the Magnificent Seven stocks continue powering the market to new heights despite a modest pullback this summer. The surge stems from ongoing bets around growth stocks and the artificial intelligence theme, especially as the Federal Reserve begins cutting rates. NVDA YTD mountain Nvidia in 2024 There are plenty of differences between the Nifty Fifty and the Magnificent Seven, Peta said, including megacap tech names' longer track record of outperforming the market.
Persons: Doug Peta, BCA's, Peta Organizations: BCA Research, IBM, Xerox, Pfizer, BCA, Federal Reserve, Nvidia
Traders on the floor of the NYSEU.S. stock futures fell Monday night following a week during which higher interest rates kept investor sentiment in check. Dow Jones Industrial Average futures dipped 102 points, or 0.3%. S&P 500 futures also dipped 0.3%, and Nasdaq-100 futures pulled back by 0.1%. The Dow fell 0.1% last week, marking its third straight weekly decline. Traders are worried that stubborn inflation will lead the Federal Reserve to keep rates higher for longer — which could tip the economy into a recession.
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