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☆ Oil prices won't be permanently higher unless there's more global economic growth, says JPM's Kelly
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil prices won't be permanently higher unless there's more global economic growth, says JPM's KellyDavid Kelly, JPMorgan Asset Management chief global strategist, joins 'Squawk on the Street' to discuss if oil prices could rise further from today's levels, the stock market's next growth catalyst, and more.

Persons: JPM's Kelly David Kelly Organizations: JPMorgan Asset Management

☆ 'We've never seen this many extremes': Strategists warn of dot-com bubble similarities as expensive US stocks struggle — but this 7-part strategy can still outperform
▼ + stars: | 2024-04-13 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

From late October through March, the S&P 500 enjoyed a virtually uninterrupted 27.6% rally based on better-than-expected earnings and economic data. And while it's still well below the dot-com bubble levels, it's still too close for comfort for many investors. Related story"Those higher rates are starting to push back on elevated valuations for stocks right now," Saglimbene said. "They're all much cheaper on an earnings basis than those Magnificent 7 companies," Saglimbene said. "So I think if we avoid a recession this year, the narrative will change to a broadening of companies and sectors that can participate in earnings growth this year."

Persons: aren't, Anthony Saglimbene, Rick Pitcairn, Pitcairn, it's, we've, Raheel Siddiqui, Neuberger Berman, Siddiqui, Jon Wolfenbarger, Albert Edwards, Bill Smead, James Ragan, DA Davidson, Ragan, Saglimbene, Indrani, she's, De, Davidson, Siddiqui's Organizations: Ameriprise, Business, DA, FTSE Russell, Investors Locations: Ameriprise

☆ Dow drops by nearly 500 points after a surprisingly bad inflation report
▼ + stars: | 2024-04-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks fell sharply Wednesday morning after inflation data for March came in higher than expected. That’s up considerably from February’s 3.2% rate and marks the highest annual gain in the past six months. Investors worry this will push back the Fed’s timeline for the rate cuts it has been hinting would come this year. The 10-year Treasury yield, which serves as a standard for mortgage and loan rates, surged after the announcement, approaching 4.5%. Shares of bank stocks fell.

Persons: Dow, “ Today’s, ”, Seema Shah, Wells Organizations: New, New York CNN, Nasdaq, Bureau of Labor Statistics, Asset Management, Treasury, Bank of America, JPMorgan Chase, Microsoft, Apple Locations: New York, Wells Fargo

☆ Watch CNBC's full interview with Invesco's Kristina Hooper and Ritholtz's Josh Brown
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Invesco's Kristina Hooper and Ritholtz's Josh BrownKristina Hooper, Invesco chief global market strategist, and Josh Brown, CEO of Ritholtz Wealth Management, join 'Closing Bell' to discuss why the market seems overreacting to the latest CPI data, how PCE data will affect equity markets, and more.

Persons: Invesco's Kristina Hooper, Josh Brown Kristina Hooper, Josh Brown Organizations: Ritholtz Wealth Management

☆ Wall Street Shudders on Signs of Unexpectedly Strong Inflation
▼ + stars: | 2024-04-10 | by ( Joe Rennison | More About Joe Rennison | ) www.nytimes.com time to read: 1 min

Signs of stubborn inflation rattled Wall Street on Wednesday, with stock prices sliding and government bond yields, which underpin interest rates throughout the economy, jolting higher. Other major indexes, including the tech-heavy Nasdaq Composite and the Russell 2000 index of smaller companies, also fell. The moves followed a consumer inflation report that came in hotter than expected, with prices rising 3.5 percent in March from a year earlier, marking another month of stubbornly high inflation. That made it harder for investors to dismiss earlier signs that the progress in cooling inflation was patchy. “The stalled disinflationary narrative can no longer be called a blip,” said Seema Shah, chief global strategist at Principal Asset Management.

Persons: Russell, ”, Seema Shah Organizations: Nasdaq, Asset Management

☆ Stock futures tick higher as key March inflation report looms: Live updates
▼ + stars: | 2024-04-09 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures inched higher Tuesday night as investors await key U.S. inflation data that will inform the Federal Reserve's path on rate policy. During Tuesday's regular trading, investors appeared to be in a holding pattern ahead of the March consumer price index report. The CPI report, which is set to release on Wednesday at 8:30 a.m. Fed funds futures trading data suggests a 42% likelihood that the central bank will hold steady on rates in June, according to the CME FedWatch Tool. In addition to the big inflation report on Wednesday, investors are also looking forward to the meeting minutes from the Fed's gathering last month.

Persons: Dow, Dow Jones, Quincy Krosby, Krosby Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, CPI, Traders, LPL, Delta Air Lines Locations: New York City, Quincy

☆ The market again has adjusted its view on rate cuts, with as few as two now expected
▼ + stars: | 2024-04-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"While investors seem to be anxiously awaiting easing monetary policy, the current environment does not quite scream 'rate cuts!'" That sentiment has manifested itself lately in market pricing. That same day, the Labor Department will release the CPI report, which is expected to show the headline inflation rate rising 3.4% in March on a year-over-year basis, per Dow Jones. This is nonetheless "the right time to cut rates," wrote David Kelly, chief global strategist at JPMorgan Asset Management. "What has underpinned this market is the promise of a series of rate cuts including March, and now it has dwindled to just a few rate cuts.

Persons: Glenmede, Dow Jones, David Kelly, Kelly, Nicholas Colas, Colas, Ed Yardeni, nonfarm, Quincy Krosby, Krosby Organizations: Federal Reserve, Investors, Labor Department, Asset Management, Fed, DataTrek, Yardeni, LPL

☆ A renowned market bear who called the dot-com bubble warns the AI and economic recovery narratives fueling stocks are weak as analyst optimism sours — and says the Fed is fueling a bubble as valuation
▼ + stars: | 2024-04-06 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

About 45% of changes to S&P 500 analysts' earnings estimates are upgrades, as shown in the chart below, down from 50% in early 2023. AdvertisementSociete GeneraleHistorically, analyst optimism has been a good indicator for the economy's direction. Below is the S&P 500's year-over-year percentage change along with the analyst optimism measure. He says the S&P 500 is in a bubble fueled by AI optimism and could fall as much as around 60%. He sees potential downside of 39% for the S&P 500.

Persons: —, Albert Edwards, Edwards, Powell's, Ed Yardeni, Let's, There's, Jeremy Grantham, David Rosenberg, Merrill Lynch Organizations: Service, Societe Generale, Business, Street, Nasdaq, Generale, Conference, Institute for Supply, subsiding, Fed, repo, Bureau of Labor Statistics, Bears, Rosenberg Research, policymaking

☆ Fed caution may be justified if the labor market starts to deteriorate. Here's why that could happen
▼ + stars: | 2024-04-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

A strong jobs outlook raises the potential of greater inflation pressures, meaning the central bank might be less eager to ease policy. Indeed, there are some signs that the labor market's strength may not be as robust as the headline nonfarm payrolls numbers indicate. Economists both on Wall Street and at the Fed suspect swelling immigration numbers are playing a role in boosting employment and keeping the labor market so tight. With political clamoring intensifying for the U.S. to tighten its border controls, the resilience of the labor market then could be jeopardized depending on how large a role immigration is playing. "Another strong report raises the potential that the deterioration in labor markets we have been expecting will be avoided.

Persons: nonfarm, Seema Shah, Shah, Mohamed El, There's, Goldman Sachs, Michelle Bowman, Bowman, Andrew Hollenhorst Organizations: Federal Reserve, Labor, Asset Management, Allianz, Fed, CNBC, Wall, Congressional, Citigroup, Citi Locations: it's, Italy, U.S, South America, Central America, Mexico

☆ 'Good times beget good times': JPMorgan Asset Management's global strategy chief explains why expensive US stocks can keep rising — and 4 top places to invest now
▼ + stars: | 2024-04-02 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Read previewHistory says US stocks' idyllic start to the year is sustainable, as does the chief global strategist at $2.9 trillion JPMorgan Asset Management. Advertisement"The market has momentum, and so good times beget good times," Kelly told Business Insider in a recent interview. JPMorgan Asset Management"There is a certain amount of fluff in those valuations, and I think that is somewhat dangerous," Kelly said. JPMorgan Asset ManagementOutside equities, Kelly said investors should consider adding exposure to alternative assets like real estate and transportation. "The overall buffet table of investment opportunities is being expanded, even for individual investors," Kelly said.

Persons: —, David Kelly, Kelly, David Rosenberg, Jon Wolfenbarger, Rosenberg, Kelly doesn't, it's, Kelly didn't Organizations: Service, Asset Management, Business, JPMorgan Asset Management, Bulls, Apple, JPMorgan, Management, Companies, Nikkei, P Transportation, Trust Nasdaq Transportation Locations: Truist, Europe, United Kingdom, Japan

☆ Tenacious stock market heads into new quarter aiming to show it's not beholden to the Fed's rate plans
▼ + stars: | 2024-04-01 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

.SPX YTD mountain S & P 500, YTD Here's a scouting report covering a few relevant themes at play heading into the second quarter. The tenacious tape The behavior of the market itself is perhaps the strongest selling point for a bullish outlook from here. After the S & P has returned 10% or more in a first quarter? The index continued higher the following quarter nine of those 11 and was up the remainder of the year all but once. All but one of the previous episodes saw the market higher nine months later, which in this case would take it through 2024.

Persons: It's, YTD, we've, it's, —, Joe Kalish, Ned Davis, – Organizations: Federal, Ned, Ned Davis Research, Treasury, Fed, JPMorgan, Microsoft, Nvidia, Broadcom, AMD, Eaton Corp

☆ Gold prices are at an all-time high—but experts like Warren Buffett don't always recommend investing
▼ + stars: | 2024-04-01 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

And even though gold prices are at an all-time high, many market watchers are still taking a shine to it. But even with a favorable outlook, gold should play a very different role in your portfolio than stocks or bonds, investing experts say. Why gold is up and could continue to riseDifferent investors cite different reasons for owning gold. In addition to a rising tide, a weakening U.S. dollar and falling bond rates have boosted gold prices of late, says Hayes. At lower rates, bonds and cash accounts "have less of a competitive advantage" over gold, he tells CNBC Make It.

Persons: it's, Tim Hayes, Ned Davis, Warren Buffett, It's, Ford O'Neill, we've, Hayes, Buffett Organizations: Ned, Ned Davis Research, Billionaire, Berkshire Hathaway, Fidelity, CNBC, Federal Reserve, ExxonMobil Locations: Berkshire, U.S

☆ A glut of cheap Chinese goods is flooding the world and stoking trade tensions
▼ + stars: | 2024-03-28 | by ( Hanna Ziady | Laura He | ) edition.cnn.com time to read: +8 min

The oversupply of Chinese goods in key industries is stoking tensions between the world’s biggest manufacturer and its major trading partners, including the United States and the European Union. From clothes to carsChina’s exports of low-priced goods got a boost after it joined the World Trade Organization (WTO) in 2001. “What China exports is advanced production capacity that meets the needs of foreign customers,” Xinhua News Agency wrote. US President Joe Biden recently pledged to investigate whether imports of Chinese vehicles pose a national security threat. “But perhaps more importantly, persistent oversupply and low prices of Chinese goods will add to geopolitical tensions and keep the threat of tariffs and counter-tariffs alive,” she wrote in a recent note.

Persons: Hong Kong CNN —, ” Jens Eskelund, Xi Jinping, Huang Jingwen, ” Eskelund, Brad W, ” Markus W, Voigt, China’s BYD, Warren Buffett, Setser, Li Qiang, “, ”, Joe Biden, Jennifer McKeown, Shawn Deng Organizations: Hong Kong CNN, European Union, European Union Chamber of Commerce, Zero, of, People, China’s National Bureau of Statistics, Council, Foreign Relations, World Trade Organization, Aream Group, Tesla, Getty, China Development Forum, Xinhua, Agency, ., EV, European Commission, WTO, Capital Economics Locations: Hong Kong, United States, China, Europe, Beijing, Xinhua, China's Shandong, . Washington, Brussels

☆ Expect tech to continue to benefit from secular tailwinds: Principal's Seema Shah
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect tech to continue to benefit from secular tailwinds: Principal's Seema ShahSeema Shah, Principal Asset Management chief global strategist, joins 'Closing Bell' to discuss what fuels the rally in the year's second half, how much rate cuts matter to equities, and the strategist's stance towards small-cap stocks.

Persons: Principal's Seema Shah Seema Shah Organizations: Asset Management

☆ It's been four years since the market's Covid low with the S&P 500 returning 25% annualized since
▼ + stars: | 2024-03-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The four-year total return for the S & P 500 since March 23, 2020, is just about 150%, or 25.7% annualized. .SPX mountain 2020-03-23 S & P 500 since the Covid low This is, of course, an idealized starting point from which to measure performance. While the S & P 500 bottomed at around a three-year low under 2,200, the index spent only a few weeks under 2,500. More qualitatively, it's a bull market, and in a bull market the overshoots occur to the upside, so a rally being "ahead of itself" is not fatal. And the S & P 500 is only 9% higher than it was more than two years ago, hardly reaching escape velocity from planet Sanity.

Persons: –, Warren, Ned Davis, Tim Hayes, bullishness, Rocky White Organizations: HSBC, 3Fourteen, Bank of Japan, Fed, Ned Davis Research, Schaeffer's Investment Research, Intelligence, Bank of America

☆ Tracking the Technical Support for: Cloudflare, Micron & Nike
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTracking the Technical Support for: Cloudflare, Micron & NikeJay Woods, Freedom Capital Markets chief global strategist, joins 'Power Lunch' to discuss the technical support for Cloudflare, Micron Technology and Nike.

Persons: Nike Jay Woods Organizations: Micron, Nike, Freedom Capital Markets, Cloudflare, Micron Technology

☆ Stock futures are little changed as investors await fresh Fed guidance: Live updates
▼ + stars: | 2024-03-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, August 8, 2022. Stock futures were little changed on Sunday, as Wall Street awaits guidance on monetary policy from the Federal Reserve this week. Futures tied to the S&P 500 ticked up 0.1%. Dow Jones Industrial Average futures hovered near the flatline, while Nasdaq-100 futures added 0.2%. According to the CME FedWatch Tool, Fed funds futures are currently pricing in a 99% likelihood that the Fed will leave benchmark interest rates unchanged this week.

Persons: Quincy Krosby Organizations: New York Stock Exchange, Stock, Federal Reserve, Dow Jones Industrial, Nasdaq, Dow, Fed, Fed telegraphs, Financial, chipmaker Micron Technology, FedEx Locations: New York

☆ Here's when the Fed is likely to start cutting interest rates, according to investment strategists
▼ + stars: | 2024-03-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Kent Nishimura | Getty Images News | Getty ImagesWest Palm Beach, Fla. — The U.S. Federal Reserve is likely to start cutting interest rates by the end of second quarter despite recent "hotter than expected" inflation data, according to Kristina Hooper, chief global market strategist at Invesco. The question has become, at what point — and how quickly — does the central bank start to cut rates in order to avoid plunging the economy into a downturn? Fed chair Jerome Powell said last week that the Fed may not be far off from throttling back. The Fed last raised interest rates in summer 2023; in prior interest-rate-hiking cycles, the Fed began cutting rates about 8½ months later, Hooper said. Jenny Johnson, president and CEO of Franklin Templeton, also expects the central bank to begin cutting rates this year, though in the second half of 2024 at Fed policy meetings in July or September.

Persons: Jerome Powell, Kent Nishimura, Kristina Hooper, it's, Hooper, Jenny Johnson, Franklin Templeton, Moira McLachlan Organizations: Banking, Housing, Urban Affairs Committee, Getty, U.S . Federal, Women, Fed Locations: Palm Beach, Fla, U.S, West Palm Beach , Florida

☆ 'Take the emotion out of investing' during a presidential election year, strategist says. What to do instead
▼ + stars: | 2024-03-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Video of former President Donald Trump and President Joe Biden is played during a hearing by the Select Committee to Investigate the January 6th Attack on the U.S. Capitol on June 13, 2022 in Washington. WEST PALM BEACH, Fla. — Investors' emotions may run high in 2024, especially in the realm of politics as President Joe Biden and former President Donald Trump are poised for a rematch in this year's presidential election. "Politics have become increasingly more emotional," Moira McLachlan, senior investment strategist in AllianceBernstein's wealth strategies group, said Wednesday at Financial Advisor Magazine's Invest in Women conference in West Palm Beach, Florida. However, investors should avoid knee-jerk reactions by setting and sticking to an investment plan, strategists said. "It's so important to stay invested, and you have to try to take the emotion out of investing" to keep from doing something "detrimental" to your goals, said Kristina Hooper, chief global market strategist at Invesco.

Persons: Donald Trump, Joe Biden, Moira McLachlan, Magazine's, Kristina Hooper Organizations: U.S, Capitol, WEST, Magazine's Invest, Women Locations: Washington, BEACH, Fla, West Palm Beach , Florida

☆ Stock futures inch higher as Wall Street awaits another inflation report: Live updates
▼ + stars: | 2024-03-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 13, 2024. U.S. stock futures inched higher on Wednesday night as traders looked ahead to another inflation reading. S&P 500 futures and Nasdaq 100 futures both climbed around 0.1%. These moves come after the major stock indexes ended Wednesday's session with mixed activity. The bigger market theme right now is the sell-off in the technology sector, according to Jay Woods, the chief global strategist of Freedom Capital Markets.

Persons: Dow Jones, Jay Woods, Tesla Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Street Journal, Nvidia, Dow, PPI, Federal, Freedom Capital Locations: New York City, U.S, China

☆ Nearly everyone has given up on their recession call, and that makes the outlook 'dangerously reminiscent' of 2007, SocGen says
▼ + stars: | 2024-03-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Recession views are dangerously similar to those in 2007, SocGen's Albert Edwards said. Soft landing or no landing outlooks are growing on Wall Street as the US appears on solid economic footing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Those signs appear lost on many other market commentators, who have dialed back their recession views in the last few months. "All this is (dangerously) reminiscent of 2007, when all around were telling me I was wrong and should give up calling that much-delayed recession," he later added.

Persons: SocGen's Albert Edwards, Edwards, —, Société, Albert Edwards, That's, Doom, Nouriel Roubini Organizations: Service, Chicago, York Fed's Survey, Consumer, National Federation of Independent Business, National Association of Business, Fed, Investor Locations: York

☆ Why Friday’s key Nvidia reversal could mark the start of a broader stock market unwind
▼ + stars: | 2024-03-11 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

But some investors are concerned markets could be due for a broader unwind without the help from AI names. As it is, five of the Magnificent Seven names dropped last week, with the exception of Nvidia and Meta Platforms. That advance has helped the S & P 500 climb for 16 out of 19 weeks, notching record after record in its ascent. "A consolidation in the AI trade has been overdue for a while now, so Friday's key reversal day could signal the start of that unwind." NVDA 5D mountain Nvidia Crowding in AI Indeed, other market observers warned investors the overreliance on AI beneficiaries this year could mean danger for the overall market.

Persons: Jonathan Krinsky, Peter Boockvar, semi's, Dubravko, BTIG's Krinsky, there's, Russell, Chris Verrone, Goldman Sachs, Krinsky, Samantha Subin Organizations: Nvidia, Meta, Apple, AMD, Bleakley Financial, Google, JPMorgan, Sunday

☆ Bank of America's top global strategist shares 4 signs that a bubble continues to grow in US stocks — and 4 indicators to know when to get out of the market
▼ + stars: | 2024-03-09 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Bank of AmericaIn the note, Hartnett laid out more evidence that a bubble could be developing in stocks. The current real 10-year rate is 1.6%, according to Fed data. Hartnett said a falling number of job quitters shows a weakening labor market, hence the Fed's apparent willingness to cut rates soon. February's inflation data will be released next week, but January's data showed that prices are still rising at a pesky pace of 3.1%, above the Fed's stated goal of 2%. Whether a Fed pivot is a good thing for investors depends on just how cool labor market data becomes.

Persons: —, Michael Hartnett, Hartnett, quitters, Alejandra Grindal, Ned Davis, it's, Grindal Organizations: Service, Bank of America, Business, PHLX Semiconductor, Nasdaq, Semiconductor, Apple, Microsoft, Nvidia, Tesla, Meta, Bank of America's, Bureau of Labor Statistics, Ned, Ned Davis Research

☆ Fed Chair Powell testifying to House on Wednesday. What investors are expecting
▼ + stars: | 2024-03-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Jerome Powell, chair of the Federal Reserve, during a House Financial Services Committee hearing in Washington, D.C., on June 21, 2023. The past several months have seen a changing dynamic between financial markets and the Fed over the pace and timing of expected interest rate cuts this year. Markets have had to adjust their collective view from a highly accommodative central bank to one that's more cautious and deliberate. Central to the question of how the Fed acts from here on out is its view on inflation and how Powell expresses that. Powell will have to synthesize the recent trends carefully as he speaks first to the House Financial Services Committee on Wednesday, then the Senate Banking Committee the day after.

Persons: Jerome Powell, Nathan Howard, Powell, Quincy Krosby, He's, it's, Joseph LaVorgna, Steven Ricchiuto, Sharp Organizations: Federal, Financial, Washington , D.C, Bloomberg, Getty, Capitol Hill, Fed, LPL, CME Group, Banking Committee, Nikko Securities, Big Tech, Mizuho Securities, Market Locations: Washington ,

☆ Watch CNBC’s full interview with Trivariate's Adam Parker, CIC’s Malcolm Ethridge and Invesco’s Kristina Hooper
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Trivariate's Adam Parker, CIC’s Malcolm Ethridge and Invesco’s Kristina HooperAdam Parker, Trivariate Research CEO, Malcolm Ethridge, CIC Wealth Executive Vice President, and Kristina Hooper, Invesco chief global market strategist, join 'Closing Bell' to discuss opportunities to find in the market.

Persons: Trivariate's Adam Parker, CIC’s Malcolm Ethridge, Invesco’s Kristina Hooper Adam Parker, Malcolm Ethridge, Kristina Hooper Organizations: Trivariate

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