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☆ Stock Market News Today: Dow Closes 270 Points Lower as Post-Fed Selloff Continues
▼ + stars: | 2023-09-21 | by ( ) www.wsj.com time to read: +1 min

Stocks finished lower and Treasury yields rose Thursday, concluding a second day of weak market action triggered by the Federal Reserve. “In this environment, with higher rates for longer, it’s more difficult to achieve a soft landing. U.S. stocks retreated. All three major indexes fell; the Nasdaq Composite was down 1.8%, while the Dow industrials dropped more than 350 points. The benchmark 10-year Treasury yield climbed tp 4.479% to its highest level since October 2007.

Persons: Stocks, ”, Karim Chedid, Dow industrials, Shorter Organizations: Federal Reserve, BlackRock, Cisco, Nasdaq, Dow, Treasury, Nikkei, Swiss Locations: U.S, Europe

U.S. stocks have made big gains this year, but the performance across global stocks has been uneven so far. So where will global stocks go in the second half of the year? Five of the strategists polled expect global markets to fall, while another five say the stocks will beat their U.S. counterparts. Global market bulls Those who expect global stocks to beat the U.S. are most bullish on the U.K., Europe and Japan. Global market bears Andreas Bruckner, European equity strategist at BofA Global Research, predicts that Europe's Stoxx 600 will end the year at 390 — a nearly 15% decline from Monday's close.

Persons: Christian Abuide, Karim Chedid, Liz Ann Sonders, Charles Schwab, Andreas Bruckner, Mark Haefele, Bruckner, Roger Lee, Lee, Haefele, Carrier Organizations: CNBC Pro, U.S, Lombard, iShares, BofA Global Research, UBS Global Wealth, Nasdaq, UBS, RBC Wealth Management Locations: Japan, China, U.S, Europe

The bullish view Just four of the 15 strategists expect the S & P 500 to end the year higher than current levels, albeit very slightly. He expects the S & P 500 to end the year at 4,500 — up 2.3% from its current level. Instead, Peng said the S & P 500 's performance will likely broaden over the second half of this year. She expects the S & P 500 to remain flat by the end of the year at 4,300. UBS expects the S & P 500 to end the year at 4,100 — a drop of 7% from current levels.

Persons: Stocks, BlackRock Karim Chedid, Jerome Powell, Karim Chedid, Chedid, Chadha, Charles Schwab Liz Ann Sonders, Ken Peng, Peng, Savita Subramanian, Andreas Bruckner, Liz Ann Sonders, Charles Schwab, Matt Rowe, Mark Haefele, Christian Abuide, Sameer Samana, Rowe, Wouter Sturkenboom, Sturkenboom Organizations: CNBC Pro, Investment, iShares EMEA, BlackRock, Reserve, Deutsche Bank, Citi Global Wealth Investments, Big Tech, Bank of, Equity, Nomura, UBS Global Wealth Management, Federal Reserve, UBS, Lombard, RBC Wealth Management, U.S, Global Market, Wells, Wells Fargo Investment, Nomura Private Capital, EMEA, APAC, Northern Trust, Wells Fargo Investment Institute Locations: U.S, Asia, Europe, Wells Fargo, Northern, Samana

☆ Investors are hooked on the 'heroin' of Fed rate cuts but the focus will turn to earnings gloom, Morgan Stanley's top strategist says
▼ + stars: | 2023-02-01 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

The Federal Reserve's not going to start cutting interest rates soon, Morgan Stanley's top strategist said. When investors realize that, the focus will shift to the weakness in earnings, Mike Wilson told CNBC. But with once-soaring prices starting to cool, many investors now expect the Fed to start cutting rates by the end of 2023. But many strategists have put the gains down to investors' blindly focusing on hypothetical Fed rate cuts while ignoring other factors, such as earnings. "The Fed will be part of that story, but I think it'll be cutting rates long after the market has bottomed."

☆ A top investment chief explains why bonds offer an attractive hedge for a mild and brief recession in 2023
▼ + stars: | 2023-01-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

I'm senior reporter Phil Rosen, and below I'm sharing my conversation with Northwestern Mutual's chief investment officer, Brent Schutte. He sees the bond market as this year's best recession hedge. Phil Rosen: You said you're expecting a mild and brief recession this year. Brent Schutte: The good news is that the bond market has repriced, and the bond market is a hedge against that recession. BC: I do think earnings will come down this year, and cheaper equities give a margin of safety against that.

☆ There'll be a rude awakening for investors who haven't realized the Fed's got a whole new playbook, says BlackRock iShares strategist
▼ + stars: | 2023-01-18 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

There's likely to be further pain ahead for US stocks, a BlackRock iShares strategist told Insider. Karim Chedid expects the Federal Reserve to hold interest rates above 5% for the whole of 2023. "Goldilocks doesn't save the day in our new playbook," he said, given the Fed is focused on inflation. "Goldilocks doesn't save the day in our new playbook," Chedid said. That reflects a new environment where the Fed's only priority is taming inflation, according to Chedid.

☆ Equities, bonds ETFs drew in near-record amounts of cash in 2022: BlackRock
▼ + stars: | 2023-01-09 | by ( Lucy Raitano | ) www.reuters.com time to read: +3 min

"But we have seen the second-best year for ETF flows on record, only behind 2021. Last year marked the third-largest inflow into fixed-income ETPs on record, with flows of $266 billion. The figures closely track the record-breaking $280 billion and $269 billion inflows into bond ETPs of the previous two years, though allocations have shifted significantly according to BlackRock. There were also outflows from inflation-linked bonds and emerging-market debt ETPs, which reached $14.6 billion and $9.2 billion, respectively. Despite this, equity ETPs saw the second-highest yearly inflows on record, reaching $598 billion, although this was below the $1 trillion seen in 2021.

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