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☆ Bonds whipsaw, world stocks barely higher after mixed U.S. jobs data
▼ + stars: | 2023-07-07 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

On Thursday, private payroll provider ADP's strong U.S. labour market data had sent equities lower and boosted Treasury yields. But Friday's government data prompted a more muted market reaction and barely changed expectations for the Federal Reserve's rate hiking cycle. The pan-European STOXX 600 index (.STOXX) rose 0.11% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.16%. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed 0.71% lower, while Japan's Nikkei (.N225) lost 1.17%. In commodities, oil prices were higher even as U.S. jobs data did little to allay fears of further interest rate hikes.

Persons: Mike Segar, nonfarm payrolls, Peter Cardillo, Brent, Sinéad Carew, Caroline Valetkevitch, Nell Mackenzie, Naomi Rovnick, Tom Westbrook, Andrew Heavens, David Holmes, David Evans Organizations: Wall, New York Stock Exchange, REUTERS, U.S, Federal, Spartan Capital Securities, Fed, Traders, Treasury, Dow Jones, Nasdaq, Japan's Nikkei, Thomson Locations: Manhattan, New York City , New York, U.S, Asia, Pacific, Japan, New York, London, Sydney

☆ Asian shares fall on growth concerns, focus shifts to Fed minutes
▼ + stars: | 2023-07-05 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

S&P 500 futures dipped 0.1% and Nasdaq futures fell 0.2%. Australia's resources heavy shares (.AXJO) fell 0.2% after the Reserve Bank of Australia held rates steady on Tuesday but warned of more tightening ahead. However, shares of some Chinese makers of products used to make chips rallied as supply concerns sent prices of the metals higher. "It now seems the thesis has evolved, and the market wants to see strong job creation, conditional on subdued wage growth." Brent crude futures fell 0.6% to $75.78 a barrel after climbing 2.1% overnight.

Persons: HSI, Andrew McCaffery, Janet Yellen, Chris Weston, Brent, Stella Qiu, Sam Holmes Organizations: Nikkei, SYDNEY, Federal, Day, Nasdaq, Japan's Nikkei, Reserve Bank of Australia, Fidelity International, Traders, Reuters, Australian, Thomson Locations: U.S, Asia, Pacific, Japan, China, US, Beijing, Washington, United States, Saudi Arabia, Russia

☆ US stocks whipsaw as the Fed pauses tightening but eyes further hikes later
▼ + stars: | 2023-06-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stocks finished mixed after a volatile session that saw big swings after the Fed meeting. Policymakers kept rates steady but indicated that two more increases could come later this year. Fed Chairman Jerome Powell also said rate cuts would be more appropriate "a couple of years out." Central bankers kept rates steady at 5%-5.25% but indicated in their "dot plot" projections that two more increases could come later this year, a more hawkish signal than what Wall Street anticipated. Meanwhile, policymakers will assess incoming data, including credit conditions that may have a role in tightening macroeconomic conditions, he added.

Persons: Stocks, Jerome Powell, —, Elon Musk's, Goldman Sachs, Wells, Ken Griffin, Bitcoin, MicroStrategy's Michael Saylor Organizations: Service, Federal, JPMorgan, Citi Locations: Wells Fargo

☆ Stock futures slip Thursday night after S&P 500 notches highest close for 2023: Live updates
▼ + stars: | 2023-06-08 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on March 07, 2023 in New York City. U.S. stock futures ticked lower Thursday night after the S&P 500 notched its highest close for 2023. S&P 500 futures dipped 0.12%, while Nasdaq 100 futures inched down by 0.08%. Stocks added to their recent rally during Thursday's regular session, with the S&P 500 posting its highest closing level this year. The Dow is headed for a second consecutive week of gains for the first time since April, up 0.2%.

Persons: Stocks, Jason Hunter, Dow Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow Jones, JPMorgan Locations: New York City . U.S

El Niño hasn’t even landed yet. That hasn’t stopped it from moving commodity markets around the world. The hard-to-predict climate pattern, when powerful, can usher in intense drought or rainfall, upend output from the world’s breadbasket regions, and whipsaw the prices of commodities. Brazilian sugar producers, American grain farmers and international traders are bracing for the phenomenon. But the cyclical shift in ocean temperatures can just as easily be a dud.

☆ Bank Turmoil Is Paving the Way for Even Bigger ‘Shadow Banks’
▼ + stars: | 2023-05-06 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

Whipsaw trading in shares of regional banks this week made it clear the fallout from three federal bank seizures was far from over. Some investors are betting against even seemingly healthy banks like PacWest, and regulators are gearing up to tack on new capital constraints for small and medium-size lenders. Large banks, though raking in cash, are facing their own constraints, saddled with loans written before interest rates started rising. That means businesses large and small may soon need to look elsewhere for loans. And a growing cohort of nonbanks, which don’t take deposits — including giant investment firms like Apollo Global Management, Ares Management and Blackstone — are chomping at the bit to step into the vacuum.

☆ Short these stocks with deteriorating earnings, Wolfe Research says
▼ + stars: | 2023-04-18 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Wolfe Research is recommending a basket of companies to short ahead of their quarterly earnings. AI YTD mountain C3.ai has one of the worst earnings quality ratings on the Wolf Research list. Elsewhere, Hasbro also has one of the lower earnings quality ratings on the Wolfe scale, earnings just three out of 100. The Wolfe report showed a sequential earnings quality decline of more than 82%. SPWR YTD mountain Although SunPower has a higher earnings quality rating on the Wolfe Research list, the company still has high short interest according to the report.

☆ Here's why we only bought 1 stock this week, despite the market being oversold
▼ + stars: | 2023-03-24 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

The Club has taken a restrained approach to the oversold stock market in recent days, making only one purchase after an assertive buying spree the week prior. This was the case even though our trusted S & P 500 Short Range Oscillator has continued to signal an oversold market, which often suggests stocks may be poised for a bounce. The S & P 500 and Nasdaq Composite traded up as much as 1.8% and 2.5%, respectively, before retreating in the afternoon. The market being in oversold territory isn't the only requirement for the Club to put money to work in a stock we like. A week ago, we bought 130 shares, at $30.15 each , following Halliburton's roughly 13% decline over just a few days.

☆ Deutsche Bank shares whipsaw after CDS blow-out
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +1 min

LONDON/FRANKFURT, March 24 (Reuters) - Deutsche Bank shares (DBKGn.DE) dropped as much as 3.4% in Friday's premarket trade, after a sharp jump in the cost of insuring against the risk of default late the day before fuelled concerns about the overall stability of Europe's banks. Deutsche shares, which have lost a fifth of their value so far this month already, were last indicated up 0.9% in premarket trade on the Lang & Schwartz platform. They closed 3.2% lower on Thursday, while the bank's credit default swaps - a form of insurance for bondholders - shot up to 173 basis points from 142 bps the day before, according to data from S&P Market Intelligence on Thursday. This marks the largest one-day rise in Deutsche's CDS on record, according to Refinitiv data. Reporting by Amanda Cooper; Editing by Dhara RanasingheOur Standards: The Thomson Reuters Trust Principles.

☆ Wall St ends sharply lower as Powell warns inflation fight continues
▼ + stars: | 2023-03-22 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

The three major U.S. stock indexes, which were mostly directionless prior to the Fed announcement, jumped higher then deflated as investors digested the accompanying statement and Chair Jerome Powell's subsequent Q&A session. Worries persist that the Fed's aggressive battle against inflation could tip the economy into recession, and recent turmoil in the banking sector, sparked by failures of SVB Financial Group (SIVB.O) and Signature Bank (SBNY.O), have exacerbated those fears. All 11 major sectors of the S&P 500 ended the session deep in negative territory, with real estate (.SPLRCR) suffering the steepest percentage drop, its largest one-day plunge since Sept. 13. The S&P 500 posted six new 52-week highs and 13 new lows; the Nasdaq Composite recorded 44 new highs and 179 new lows. Volume on U.S. exchanges was 11.84 billion shares, compared with the 12.70 billion average over the last 20 trading days.

☆ Want an annual investment return of up to 12%? This 'boring' strategy's the way to go, investor says
▼ + stars: | 2023-03-16 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

"I know it sounds boring, but we do try and look at where we think things will be in three to five years' time. A discount rate is the rate of return used to discount future cash flows back to their present value. Desmond said the firm applies a discount rate of 8% across its portfolio, which remains constant across the entirety of a financial cycle. I think if you keep moving your discount rate around every day, your valuations get very, very sensitive and it can really just whipsaw you. Stick to the 'Steady Eddies' Desmond characterizes the firm's investment approach as "a bit boring."

☆ A 40-year stock trader and mathematician who had a 366% return shares her 4 biggest tips, plus the winning strategy she learned from her worst mistake
▼ + stars: | 2023-03-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Sunny Harris began trading on her own after a fund manager lost a big chunk of her investment. She recommends testing your strategy and rules at least 100 times before using them to make trades. Before Sunny Harris became a stock trader, she was a computer programmer with a master's degree in mathematics. 4 of her biggest takeaway tips to trading the marketHer overarching advice is to develop your own trading strategy. And I lost money three times in a row.

☆ EV makers fill up on cash before looming pileup
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Feb 6 (Reuters Breakingviews) - Battery-powered-car makers are pulling off at the cash station. A recent stock rally provides an extra charge before the inevitable pileup. Despite having no revenue, Faraday’s market value has quadrupled since the start of the year after a roughly 90% fall. Likewise, $388 million Canoo, whose top line is nonexistent, is selling 50 million shares and 50 million warrants to raise just $52 million. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ S&P 500 forms bullish ‘golden cross’ pattern. Here’s what typically happens next
▼ + stars: | 2023-02-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

On Thursday, the broad market index formed what Wall Street calls a "golden cross," which happens when a 50-day moving average crosses through and above the 200-day moving average. Traders and analysts use the golden cross as an indicator that a market trend is about to turn more positive. There have now been 37 golden crosses on the S & P 500 since 1950, according to Carson Group chief market strategist Ryan Detrick. For some analysts, it's only considered a golden cross if the 200-day is sloping upward. But golden crosses tend to shine when associated with recessions, according to Bank of America chart analyst Stephen Suttmeier.

☆ Wall Street is still obsessed with Tesla. Here's what experts are saying as the EV-maker's key earnings report looms.
▼ + stars: | 2023-01-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

I'm senior reporter Phil Rosen, here to ring in a pivotal Tesla earnings report with you this morning. But his wealth — and the wealth of his shareholders — could whipsaw today, depending on what comes across in a particularly important earnings report. But amid the bearishness (not to mention distractions from Twitter), Elon Musk's car maker is still a favorite on Wall Street. FactSet data shows that 64% of analysts give Tesla stock a "buy" or "overweight" rating. US stock futures fall early Wednesday, after Microsoft earnings delivered a bleak outlook that added to investors' worries about earnings growth.

☆ Goldman insiders are up in arms over David Solomon's plan to slash bonuses. They fear widescale departures and point to the CEO's failed foray into consumer banking.
▼ + stars: | 2022-12-22 | by ( Dakin Campbell | Emmalyse Brownstein | ) www.businessinsider.com time to read: +11 min

Some are pointing the finger at CEO David Solomon and his spending on the consumer banking business. "Out of control" spendingGoldman insiders are also still fuming over spending on Goldman's consumer business, and there are fears this resentment could escalate with next month's earnings. The consumer bank includes Marcus, a digital banking platform that offers high-yield savings accounts, and the Apple credit card. It was key to Solomon's plan to diversify the company away from its core investment banking business. Goldman pulled back on its consumer banking ambitions earlier this year amid questions about how much cash was being burned on the strategy, led by Stephanie Cohen.

It was a third World Cup for Argentina, but the first in 36 years. Messi has long lived in the shadow of Maradona in Argentina, who fans still adore with almost God-like status. [1/13] Soccer Football - FIFA World Cup Final Qatar 2022 - Fans in Buenos Aires - Buenos Aires, Argentina - December 18, 2022 General view as Argentina fans celebrate with flares after winning the World Cup REUTERS/Mariana Nedelcu 1 2 3 4 5In the streets of the capital revelers partied early into the hours of Monday. The World Cup had been the one piece of silverware missing for Messi, 35, who has broken multiple records playing for club teams Barcelona and Paris St Germain. Sunday's final was likely his last World Cup game for his country.

☆ The Fed has to portray itself as tough on inflation even as it pushes through a smaller rate hike
▼ + stars: | 2022-12-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

"The Fed has been saying for some time that it wants to slow the pace of tightening. The fed funds target rate range is currently 3.75% to 4%. "But then the press conference would cause a bit of a whipsaw if he sounds hawkish," she said. "I think the most interesting thing will be the press conference," said Rick Rieder, BlackRock chief investment officer of global fixed income. "I think we've heard two different types of sentiment from the chair between the latest press conference and Brookings."

☆ Dow has worst week since September as investors look ahead to CPI, Fed meeting
▼ + stars: | 2022-12-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

The next day, Fed Chair Jerome Powell is set to announce a decision on the next stage of rate hikes. But what's still a question mark is how high the Fed will take rates up, and for how long, given the current economic slowdown. The yield on the 10-Year Treasury moved higher this week amid renewed expectations the Fed will need to raise interest rates higher than expected. ET: Consumer price index FOMC meeting begins Wednesday, December 14 After the bell: Lennar (LEN), Trip.com (TCOM) FOMC meeting ends; rate decision at 2 p.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Goldman Sachs forecasts 16% index returns for MSCI China (.dMICN00000PUS) and CSI300 (.CSI300) next year and recommends an overweight allocation to China, while J.P.Morgan expects a 10% potential upside in MSCI China in 2023. Morgan Stanley upgraded its recommendation to overweight on Monday with an increase in exposure to consumer stocks as reopening prospects improve. Bank of America Securities turned bullish in November, with its China equity strategist, Winnie Wu picking internet and financial stocks to lead the short-term rebound. "We have experienced several rounds of policy back and forth in 2022," she added, referring to both COVID and property policies. UBS Global Wealth Management recommends a market-neutral allocation to Chinese stocks.

☆ The stock market could soon reverse its 'borderline miraculous rally' and retest June lows, UBS's Art Cashin says
▼ + stars: | 2022-11-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Stocks could whipsaw and retest June lows despite October's positive inflation report, Arthur Cashin said. Cashin noted that stock market rallies since June have been fleeting, and it's still a bear market. He warned a reversal could come when the VIX approaches 20, and the gauge currently clocks in at 22. Rallies since then have usually ended when the Cboe Volatility Index neared a critical level of 20, Cashin noted. The VIX—known as the stock market's fear gauge—is currently just above that threshold, clocking at 22.61 as of 1 p.m.

☆ Handicapping whether the stock market is at a turning point after Thursday's upside reversal
▼ + stars: | 2022-10-15 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

We can at least run through what we know about this market and how market cycles tend to unfold more generally. Fewer individual S & P 500 stocks made a new 52-week low than in mid-June even as the index itself undercut the June low, a modest positive glimmer. The prior extreme lows on this chart were near noteworthy market lows, if not always right at them. The Stock Trader's Almanac notes that of the 23 S & P 500 bear markets since World War II, seven ended in October. The S & P 500 has failed in four tries of since late August even to get above the short-term 20-day moving average, most recently on Friday.

☆ Dow Closes More Than 800 Points Higher in Volatile Day
▼ + stars: | 2022-10-13 | by ( Karen Langley | Caitlin Ostroff | ) www.wsj.com time to read: 1 min

U.S. stocks closed sharply higher Thursday in a head-spinning reversal, after investors decided that fresh evidence of high inflation wasn’t as bad as it initially appeared. It was the first time that the Dow Jones Industrial Average both fell at least 500 points and rose at least 800 points in a single trading day, according to Dow Jones Market Data. The whipsaw moves were reminiscent of the early stages of the Covid-19 pandemic, another time of deep uncertainty about the economic outlook.

☆ Key inflation measure climbs to 40-year high as Fed efforts ring futile and shoppers brace for more pain
▼ + stars: | 2022-10-13 | by ( Ben Winck | ) www.businessinsider.com time to read: +4 min

Core inflation — which removes food and energy costs — rose to a one-year rate of 6.6%, the highest since 1981. Housing counts for roughly one-third of the average household's spending and counts for an even larger slice of core inflation. While gas and food inflation has generally eased up from levels seen earlier in 2022, housing costs are taking their place. Accelerating core inflation signals the Fed's rate hikes aren't yet weighing on overall price growth, and that it's more than gas and food prices that are keeping inflation elevated. Yet rising core inflation underscores just how hard it will be for the US to put historic price growth behind it.

☆ Hedge funds dashed to exit energy positions last week, bank data show
▼ + stars: | 2022-09-24 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. And on Friday, oil prices hit their lowest since January as recession fears gripped world markets. DG Partners is up 5.2% so far this month and 37% for the year, according to a source familiar with the matter. The momentum that fueled a stable upward rise in oil prices has changed, said another manager who oversees more than $100 billion and for compliance reasons wished to remain anonymous. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nell Mackenzie Editing by Mark Potter and Peter GraffOur Standards: The Thomson Reuters Trust Principles.

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