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☆ Markets saw a massive shift this week. Here’s what happened
▼ + stars: | 2024-08-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —After a prolonged period of calm, financial markets went into a tailspin this week. One trigger for the selloff was the unraveling of the Japanese yen carry trade. Some investors say there could be more volatility to come, particularly since it’s unclear how much more the yen carry trade could unwind. The carry trade is “enormous. The unwinding of the carry trade and weak labor data came at a delicate time rife with uncertainty for Wall Street.

Persons: Wharton, Jeremy Siegel, Siegel, ”, Steve Sosnick, Joe Biden, Donald Trump, Dow, Liz Young Thomas Organizations: New, New York CNN, Nikkei, Dow, Nasdaq, Bank of Japan, Companies, Federal Reserve, Investors, CNBC, Interactive Brokers, Markets, Republican, Home Depot, Walmart Locations: New York, Israel, Ukraine, Russia

☆ The big issue for stocks: How real is the recession risk?
▼ + stars: | 2024-08-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

If you think we are going into a recession, that estimate of 15% earnings growth is clearly wrong. During the last recession, in 2020, earnings growth dropped 13% year-over-year, though they recovered quickly in 2021. Another issue is the forward earnings multiple, or P/E ratio, which is a measure of how much investors are paying for $1 of future earnings. First, a garden variety correction (down 10%), would bring the S & P 500 to about 5,100, about 200 points below where it is now. ): Current situation: 15% earnings growth, 19.1 P/E = S & P 5,300 Lower growth, same P/E 10% earnings growth, 19 P/E = S & P 5,089 Lower growth, lower P/E: 10% earnings growth 17 P/E = S & P 4,554 Bearish: 5% earnings growth 15 P/E = S & P 3,835 Recession, really?

Persons: let's, Cameron Dawson, Keith Lerner, it's Organizations: Nikkei, NewEdge Wealth, Truist Locations: recessionary

☆ Good opportunity to buy into weakness with the Nikkei, says Renaissance's Jeff DeGraaf
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGood opportunity to buy into weakness with the Nikkei, says Renaissance's Jeff DeGraafJeff DeGraaf, Renaissance Macro Research chairman, joins 'Closing Bell Overtime' to talk bitcoin, copper, the Japanese Nikkei and more.

Persons: Jeff DeGraaf Jeff DeGraaf Organizations: Nikkei, Macro, Japanese Nikkei Locations: Japanese

☆ This strategist is finding value outside of the U.S. — here's where
▼ + stars: | 2024-07-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Investors looking for stock investments on the cheap should look abroad, according to Schroders investment strategist Bob Armstrong. Europe's Stoxx 600 index and the Japanese Nikkei 225 hit record highs earlier this year, along with the S & P 500 . FactSet data shows the former trades at 15 times trailing 12-month earnings, while the latter has a multiple of 23. The S & P 500, meanwhile sports a 27 times earnings multiple. Year to date, the Nikkei is up nearly 20%, outpacing the S & P 500's 17% jump.

Persons: Bob Armstrong, Europe's, Armstrong, Armstrong didn't Organizations: Nikkei, CNBC, Tokyo, European Central Bank and Bank of England, Franklin FTSE United Kingdom ETF Locations: U.S, Europe, Armstrong, Russia, Ukraine, Japan

If the PMI data on Thursday from Japan, Australia, India, South Korea and others are as gloomy as China's official PMI figures were on Wednesday, markets are in for a torrid start to the new month. The Caixin manufacturing PMI report on Thursday is also expected to show manufacturing activity shrank in May, but at the same pace as April. Barring a huge upside surprise, China's economy appears to be sputtering and the pressure on local assets is growing. Dovish remarks from Fed Governor Philip Jefferson and Philadelphia Fed President Patrick Harker on Wednesday helped lower U.S. bond yields and implied rate expectations. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jamie McGeever, Elon Musk, Brent, Philip Jefferson, Patrick Harker Organizations: PMI, Twitter, Philadelphia Fed, Thomson, Reuters Locations: Asia, Pacific, Japan, Australia, India, South Korea, China, Shanghai, prelim

A pedestrian passes the Reserve Bank of Australia (RBA) building in Sydney, Australia, on Monday, Sept. 6, 2021. Asia-Pacific markets are largely higher as most markets reopen after the long Labor Day weekend. For Tuesday, investors will be closely watching Australia's central's bank to see if it will continue to hike interest rates, having held the benchmark policy rate at 3.6% in their last meeting. In Australia, the S&P/ASX 200 was 0.15% lower as investors await the country's central bank decision on whether it will continue to hike rates. South Korea's Kospi rose 0.74%, while the Kosdaq climbed 0.75% after the country saw its inflation rate slow to a 14-month low of 3.7%.

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