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☆ Former Trump aide Mark Meadows asks South Carolina judge to block Georgia grand jury subpoena in election-meddling probe
▼ + stars: | 2022-10-25 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Former Trump White House chief of staff Mark Meadows asked a South Carolina judge to block a subpoena demanding his testimony before a Georgia grand jury investigating possible criminal interference in the 2020 presidential election. Meadows' request Monday afternoon came hours after U.S. Supreme Court Justice Clarence Thomas temporarily delayed a similar subpoena that the same grand jury issued to Sen. Lindsey Graham, R-S.C. Meadows, a former Republican congressman, resides in South Carolina. Bannister said the subpoena was moot because it had required Meadows' appearance before the grand jury on Sept. 27. The grand jury in this case does not have the power to criminally charge individuals but can recommend charges.

☆ Stock picking isn't dead. But it might as well be for most investors
▼ + stars: | 2022-10-25 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

Index funds tend to be cheaper. Obviously, index provider S&P Global (SPGI) has a vested interest in promoting passive funds backed to various benchmark indexes. Even legendary investing guru Warren Buffett of Berkshire Hathaway (BRKB) has extolled the virtues of index funds for average investors. He noted that just one of every four active funds beat their passive benchmarks over the ten years ending in June. That’s why some investors aren’t singing a funeral dirge for active stock picking – just yet.

☆ Stifel says the S&P 500 will rally 15% over the next 6 months as inflation cools
▼ + stars: | 2022-10-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Expect the S & P 500 to rally as much as 15% over the next six months as inflation cools and the Federal Reserve pares back its aggressive tightening campaign, Stifel says. "We do not think a 'classic' U.S. recession has begun, and yet the S & P 500 has already fallen in-line with a post-WW2 recession average," he wrote. Bannister's call comes after the S & P and major averages capped off their best week since June on Friday. BMO Capital Markets' chief investment strategist Brian Belski trimmed his year-end S & P price target to 4,300, saying he had underestimated the influence of inflation. Near-term trends favor cyclical stocks like the beaten-up semiconductors, media and entertainment and tech hardware stocks, Bannister said.

☆ Watch CNBC's full interview with Morgan Stanley's Lisa Shalet and Stifel's Barry Bannister
▼ + stars: | 2022-10-21 | 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 Morgan Stanley's Lisa Shalet and Stifel's Barry BannisterLisa Shalett, Morgan Stanley Wealth Management chief investment officer, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss how Shalet is accessing today's investing landscape, how much seasonality is a factor in this week's stock markets, and more.

☆ 4% coupons in the bond market look like much better bet than stocks, says Morgan Stanley's Shalet
▼ + stars: | 2022-10-21 | 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 Email4% coupons in the bond market look like much better bet than stocks, says Morgan Stanley's ShaletLisa Shalett, Morgan Stanley Wealth Management chief investment officer, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss how Shalet is accessing today's investing landscape, how much seasonality is a factor in this week's stock markets, and more.

☆ UK housing market shows strains from "mini-budget": Rightmove
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 17 (Reuters) - Britain's housing market lost momentum this month after Prime Minister Liz Truss's economic plans upset financial markets and triggered a repricing of the mortgage market, data from property website Rightmove showed on Monday. Asking prices for homes coming to the market rose by 7.8% year-on-year in October, the smallest increase since January. The turmoil meant some institutions temporarily stopped selling mortgages to new customers, while others ramped up repayment rates for new loans. Rightmove reported a rush of buyers trying to complete sales before mortgage offers fixed at prior lower repayment rates expired. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andy Bruce Editing by William SchombergOur Standards: The Thomson Reuters Trust Principles.

☆ A 26-year market vet breaks down why investing legend Jeremy Grantham is correct to compare the current market to the 2000 and 2008 'superbubbles' — and warns stocks will fall another 20%
▼ + stars: | 2022-10-15 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

There's little reason for optimism in today's market, Lance Roberts laments. Just look at the barrage of headwinds facing stocks right now, the RIA Advisors CIO said in an October 10 commentary. At the start of this year, investing legend and founder of GMO Jeremy Grantham, said stocks were in their fourth superbubble in the last century given that market valuations had veered from historical norms so drastically. On Friday, Roberts told Insider that he agrees with Grantham's assessments, and that he sees the S&P 500 dropping to around 2,900. One of Wall Street's most bullish strategists this year, BMO's Brian Belski, cut his 2022 price target on the S&P 500 again on Friday to 4,200.

☆ Billionaire investor Stanley Druckenmiller says owning stocks 'doesn't make a lot of sense' right now as the US economy will likely go into recession in 2023 — and warns the market is in for a decade
▼ + stars: | 2022-09-29 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Billionaire investor Stanley Druckenmiller says the US economy is headed for a recession in 2023. Stanley Druckenmiller delivered a bleak message on Wednesday on the fate of the US economy: a recession is very likely sometime next year. "I will be stunned if we don't have a recession in '23," Druckenmiller said at the CNBC Delivering Alpha conference in New York. Given the poor macroeconomic outlook and the Fed's stated willingness to cause damage to the labor market, Druckenmiller said he's not bullish on risk assets like stocks right now. "You can have a period of 15, 20 years, 10 years where the market doesn't go anywhere.

☆ The Bank of England is snapping up bonds to stabilize debt markets — but that goes against its aim of stemming inflation. Here's what you want to know.
▼ + stars: | 2022-09-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Friday eve means the weekend's just around the corner, but it seems like nobody told the British bond market. The balancing act, at worst, could mean a calamity for the British economy and prolonged volatility in markets. And at best, policymakers thread the needle and stabilize markets, tame inflation, and regain the confidence of traders and everyday folks dealing with a tough economy. A weaker currency means imports get more expensive, and higher bond yields mean government borrowing gets more expensive. What will it take for bond market traders to regain confidence in the UK debt market?

☆ Stifel's stock chief shares 4 places to put your money now as an 'immediate window' for returns opens up while stocks hit a near-term bottom
▼ + stars: | 2022-09-26 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

He said the S&P 500 would climb back to 4,400 by early next year. He said he thinks the S&P 500 will rally back to 4,400, which is about 19% upside from where it closed on Friday. StifelProvided that inflation continues to meaningfully drop, so too will yields on 10-year Treasury Inflation-Protected Securities, or TIPS, Bannister said. When 10-year TIPS yields and 36-month fed funds futures fall, the S&P 500 tend to rise. Longer-term, the S&P 500 is likely to remain range-bound below 4,800 through the rest of the decade, he said.

☆ UK home asking prices rise, tax cuts to spur demand: Rightmove
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterLONDON, Sept 26 (Reuters) - Asking prices for British homes advertised rose solidly this month and last week's cut to property purchase tax announced by finance minister Kwasi Kwarteng could fuel demand further, property website Rightmove said on Monday. Prices rose by 8.7% in annual terms after an 8.2% increase in August, with the average asking rising to 367,760 pounds ($399,240), Rightmove said. "Friday's announcement is likely to stimulate some more demand (in the housing market)," Rightmove director of property science Tim Bannister said. Rightmove's index of asking prices, which is not seasonally adjusted, typically falls in November and December. ($1 = 0.9211 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by David Milliken, editing by Andy Bruce and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street's most highly regarded titans are warning 'the worst is yet to come' for stocks. Here's why people like Ray Dalio, Jeremy Grantham, Carl Icahn, and Scott Minerd are bearish on the market's
▼ + stars: | 2022-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Ray Dalio, Carl Icahn, Scott Minerd, and Jeremy Grantham all warned in recent days of more downside. In recent days, a number of them — including Ray Dalio, Jeremy Grantham, Scott Minerd, and Carl Icahn — have warned that further downside is coming. Ray Dalio, founder of Bridgewater AssociatesRay Dalio at the MarketWatch Best New Ideas in Money Festival in New York on September 21, 2022. Carl Icahn, founder of Icahn Enterprisesvia CNBCIcahn also pointed out this week that it's a generally bad environment for economic growth and investors with the Fed tightening, which he supports. "I think it's going to be worse before it gets better," Icahn said at the MarketWatch Best New Ideas in Money Festival on Wednesday.

☆ Watch CNBC's full interview with Stifel's Barry Bannister
▼ + stars: | 2022-09-22 | 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 Stifel's Barry BannisterBarry Bannister, chief equity strategist at Stifel, joins 'The Exchange' to discuss his views on the market impact of Fed policy, inflation data and jobs, and offer his insights on multiples.

☆ Yesterday's Fed rate hike will be looked back on as a mistake, says Stifel's Barry Bannister
▼ + stars: | 2022-09-22 | 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 EmailYesterday's Fed rate hike will be looked back on as a mistake, says Stifel's Barry BannisterBarry Bannister, chief equity strategist at Stifel, joins 'The Exchange' to discuss his views on the market impact of Fed policy, give predictions for inflation data and jobs, and offer insights on multiples.

☆ The stock market is in a bottoming process that will lead to 17% upside by early 2023 as the Fed gears up for a data-dependent pause, Stifel says
▼ + stars: | 2022-09-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The investment firm expects the S&P 500 to surge 17% to 4,400 by the first quarter of 2023. That means there's a considerable months-long trading window from now until at least the end of the first quarter for stock market gains. And that trading window perfectly lines up with favorable seasonal stock market data. "Almost all S&P 500 returns occur [from] November 1 to the next year's April 30. "Fed policy plus S&P 500 negative seasonality (May to October) are headwinds that should subside November 2022 to April 2023."

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