Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Mislav Matejka"


5 mentions found


[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 17, 2023. But, with U.S. markets shut for the Presidents' Day holiday, non-U.S. assets got some respite from last week's relentless pressure. They said the failure of the S&P 500 to break resistance at 4,200 could unleash a retreat to 3,800 by March 8. In addition, the Fed's preferred measure of inflation, the core personal consumption expenditures index (PCE), lands on Friday. Additional reporting by Wayne Cole in Sydney; Editing by Shri Navaratnam, Christian Schmollinger and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.
Tech's on a roll. But some market pros aren't convinced
  + stars: | 2023-02-16 | by ( Zavier Ong | ) www.cnbc.com   time to read: +4 min
Bill Smead, chief investment officer at Smead Capital Management, for example, says it has the hallmark of a bear market rally. "We believe that enthusiasm for aggressive technology-oriented stocks in the last couple of months is exactly what you get in a bear market rally. Whether it be Tesla or any of the aggressive growth stocks, they are in a bear market rally and they are going to try to convince people that the bear market is over. "And that's what a bear market rally looks like it. JPMorgan has also turned more bearish on the tech sector, just months after it turned positive on the sector in October.
The worst of the bear market appears to be over and investors should look at getting back into stocks, David Rubenstein of the Carlyle Group said Wednesday. "The best time to invest is when there's some uncertainty or when the economy seems to be a little bit nervous in terms of where it's going," Rubenstein said. "It's a good time to invest now, because I think the market is not going to see another 20% drop in public prices," he added. "I think that is probably past us, and I think we're probably coming back to the point where people are going to feel comfortable investing." Stocks have risen to start the year, with the tech-heavy Nasdaq Composite up 6% in 2023.
Strategist Mislav Matejka said in a note to clients on Monday that the solid start to 2023 for stocks will quickly prove to be a mirage. "We believe that the current market rally will start fading as we move through Q1 ... Potential curveballs could come from the Fed, politics, disinflation phase not progressing smoothly, weaker earnings, weaker capex and renewed rollover in activity momentum," Matejka wrote. .SPX YTD mountain The stock market is off to a solid start in 2023. "The market is behaving as if we were in an early cycle recovery phase, but the Fed has not even concluded hiking yet.
The company's share price has dropped by more than 15% since then. Amazon's third-quarter earnings disappointed investors on Thursday, sending the company's stock into a tailspin. What's Wall Street saying? Outcry over grueling and unsafe working conditions from employees has not tipped the scale for shareholders or Wall Street analysts. His firm holds Amazon stock.
Total: 5