DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Jon Wolfenbarger - 1 Wolfenbarger - 1 Wolfenbarger — - 1 Merril Lynch - 1 Piper - 1 Michael Kantrowitz - 1 Kantrowitz - 1 Morgan Stanley - 1
Top related locs:
Top related orgs:
Federal - 1 JPMorgan - 1 Bull - 1 CPI - 1 Cleveland Fed - 1 University of Michigan - 1 PMI - 1

Search resuls for: "Wolfenbarger —"


2 mentions found


☆ A 31-year market vet warns stocks face at least 23% downside with inflation still too high, a recession looming, and a narrow group of companies driving the current rally
  + stars: | 2023-07-22 | by ( William Edwards | ) www.businessinsider.com   time to read: +7 min
Manufacturing data, inflation data, market breadth, and high rates are warning signals, he says. Bullandbearprofits.comShort-term Treasury rates remaining elevated prove the Fed is going to continue raising rates, Wolfenbarger said. The ISM PMI Manufacturing Index is currently at 46, and readings below 50 mean the economy is contracting. Bullandbearprofits.comAll of this amounts to a bearish outlook for stocks, Wolfenbarger believes. Some in the market are growing fatigued of the recession forecasts as the market surges back toward all-time-highs.
Persons: Jon Wolfenbarger, Wolfenbarger, Wolfenbarger —, Merril Lynch, Piper, Michael Kantrowitz, Kantrowitz, Morgan Stanley, Mike Wilson, Wilson, Morgan Stanley Wilson, there's Organizations: Federal, JPMorgan, Bull, CPI, Cleveland Fed, University of Michigan, PMI
☆ A 30-year investing vet who called the latest bear market warns that stocks have another 41% downside with US economy already in recession and the Fed continuing to ratchet up rates
  + stars: | 2022-12-31 | by ( William Edwards | ) www.businessinsider.com   time to read: +7 min
Jon Wolfenbarger thinks the US economy is already in recession. With growth slowing and the Fed still tightening, Wolfenbarger thinks stocks are due for big losses. The S&P 500 is already down around 20% year-to-date. All of that spells further trouble ahead for stocks, Wolfenbarger said, despite the fact that the S&P 500 has already fallen about 20% in 2022. In a recessionary scenario, Goldman Sachs' David Kostin said the S&P 500 could fall to 3,150, though that is not his base case.
0 next >>
Total: 2