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☆ Hedge fund giant Third Point reportedly facing big investor outflows in 2023 amid slumping returns
▼ + stars: | 2023-09-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Dan Loeb's Third Point is dealing with big investor outflows in 2023, the Wall Street Journal reported. Investors have pulled funds after Loeb missed out on the huge tech rally earlier this year. The WSJ report said Loeb is now betting on an eventual credit crunch amid rising interest rates. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. According to a Friday report from The Wall Street Journal, Third Point funds have dropped by about 1.6% through August.

Persons: Dan Loeb's, Loeb, —, Dan Loeb, annualized, Steve Davis, I'm, we've, Sam Bankman Organizations: Wall Street Journal, Investors, Service, Wall Street, Journal Locations: —, Sacramento

☆ Europe is almost out of local olive oil supplies as extreme weather takes a toll on harvests
▼ + stars: | 2023-09-29 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

Wildfires and extreme heat have damaged olive harvests in Europe, leading to shortages of olive oil. To keep up with demand, olive oil is being imported from South America. AdvertisementAdvertisementIn the past couple of years, extreme weather, wildfires and droughts have damaged olive tree harvests to the point where Europe is now almost out of local supplies of olive oil. To keep up with demand, European companies are importing olive oil from South America, a necessity that the world's top producer noted. Countries like Tunisia, Turkey and Syria have announced export bans on olive oil to protect the commodity from high international prices.

Persons: —, Kyle Holland, Walter Zanre, Filippo Berio, It's, haven't Organizations: Service, Guardian, International Olive Council, International Oil Council, Olive, US Department of Agriculture Locations: Europe, South America, Spain, Greece, Morocco, Italy, Tunisia, Turkey, Syria, Olive, Córdoba

☆ Oil prices edge higher as markets focus on supply tightness
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: +2 min

An aerial view of a crude oil storage facility is seen on May 4, 2020 in Cushing, Oklahoma. Oil prices ticked up in early trade on Wednesday, as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy. Brent crude futures rose 33 cents, or 0.4%, to $94.29 a barrel by 0015 GMT, while U.S. West Texas Intermediate crude futures climbed 31 cents, or 0.3%, to $90.70. Industry data released on Tuesday showed U.S. crude oil stockpiles rose last week by about 1.6 million barrels, against analysts' expectations for a drop of about 300,000 barrels. However, markets continued to worry about U.S. crude stockpiles at the key Cushing, Oklahoma, storage hub falling below minimum operating levels.

Persons: Cushing, Neel Kashkari Organizations: Brent, U.S, West Texas, Organization of, Petroleum, Russian Railways, Minneapolis Federal Reserve Bank, of England, Senate, Republicans Locations: Cushing , Oklahoma, U.S, Oklahoma, Cushing, Russia, Minneapolis

☆ Oil prices climb as markets focus on supply tightness
▼ + stars: | 2023-09-27 | by ( Emily Chow | ) www.reuters.com time to read: +3 min

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSINGAPORE, Sept 27 (Reuters) - Oil prices rose nearly $1 on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy. Brent crude futures rose 86 cents, or 0.9%, to $94.82 a barrel by 0340 GMT, while U.S. West Texas Intermediate crude futures climbed 86 cents, or 0.9%, to $91.25. "Oil prices are overall relatively strong amid the current tightening of supply," said CMC Markets analyst Leon Li, however adding that price support from Russia and Saudi Arabia supply cuts may be limited through the year-end. "(Economic) Data from countries in Europe and the United States have recently weakened ... Oil prices in October may show a volatile trend as a whole.

Persons: Tatiana Meel, Cushing, Leon Li, Neel Kashkari, Arathy Somasekhar, Emily Chow, Sonali Paul 私 Organizations: Rights, Brent, U.S, West Texas, Organization of, Petroleum, ANZ Research, Russian Railways, Minneapolis Federal Reserve Bank, of England Locations: Nakhodka, Russia, Rights SINGAPORE, U.S, Oklahoma, Cushing, Saudi Arabia, Europe, United States, Minneapolis, Houston, Singapore

☆ Inside Point72's boot camp for developing all-star portfolio managers, where Steve Cohen is known to grill up-and-comers who think they're ready for the big time
▼ + stars: | 2023-09-25 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +10 min

Point72 is a pioneer in developing investor talent; the multi-manager has been running LaunchPoint, previously known as Nines, since 2012. More than 70 long/short managers have launched through LaunchPoint since it started in 2012, and 75% of those are still at Point72. They make up 50% of the firm's 100 long/short managers. For Point72, LaunchPoint was created with the idea that it can take two to three years to figure out how to be a PM. Point72"We saw that preparation really influenced the long-term success of new PMs," Weiner said.

Persons: Steve Cohen, Cohen, Harry Schwefel, Point72, Schwefel, Steve, haven't, It's, John Weiner, it's, John Pierson, Weiner, LaunchPoint, they've, Nick Shivers, Ariel Herman, Jon Weiner, Point72 LaunchPoint, Griffin Newman, Newman, Point72 Newman, Ryan Wilder, " Weiner Organizations: SAC Capital, Point72 Academy, P2 Investments, New York Mets, Point72, Brigade Capital Management, SAC Advisors, Bloomberg Locations: LaunchPoint, Point72

☆ Oil falls as US rate hike expectations offset tight supply outlook
▼ + stars: | 2023-09-21 | by ( Trixie Sher Li Yap | ) www.reuters.com time to read: +3 min

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSept 21 (Reuters) - Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles. U.S. West Texas Intermediate crude (WTI) fell 70 cents, or 0.78%, to $88.96, the lowest since Sept. 14. The hawkish stance also led to the U.S. dollar surging to its highest since early March, placing downside pressure on oil prices. "This tightness, along with strong refinery margins (largely a result of tightness in middle distillates) suggests that oil prices are likely to see further strength in the short term," he said.

Persons: Tatiana Meel, Brent, refiners, Warren Patterson, Laura Sanicola, Trixie Yap, Sonali Paul Organizations: . West Texas, ING, U.S . Federal Reserve, Open Market, U.S, Energy, U.S . Energy Information Administration, American Petroleum Institute, ANZ, Cushing, Organization of, Petroleum, Thomson Locations: Nakhodka, Russia, Saudi Arabia

☆ Oil falls as rate hike expectations offset US stock draw
▼ + stars: | 2023-09-21 | by ( Trixie Sher Li Yap | ) www.reuters.com time to read: +3 min

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSept 21 (Reuters) - Oil prices fell in early Asian trade on Thursday, after posting the largest fall in a month in the previous session, as U.S. interest rate hike expectations offset the impact of drawdowns in U.S. crude stockpiles. U.S. West Texas Intermediate crude (WTI) fell 71 cents, or 0.79%, to $88.95, the lowest since Sept. 14. The hawkish stance also led to the U.S. dollar surging to its highest since early March, placing downside pressure on oil prices. "This tightness, along with strong refinery margins (largely a result of tightness in middle distillates) suggests that oil prices are likely to see further strength in the short term," he said.

Persons: Tatiana Meel, Brent, refiners, Warren Patterson, Laura Sanicola, Sonali Paul Organizations: . West Texas, ING, U.S . Federal Reserve, Open Market, U.S, Energy, U.S . Energy Information Administration, American Petroleum Institute, ANZ, Cushing, Organization of, Petroleum, Thomson Locations: Nakhodka, Russia, Saudi Arabia

☆ Oil prices are surging again, but this time Biden has way less ammunition to bring them down
▼ + stars: | 2023-09-09 | by ( Jason Ma | ) www.businessinsider.com time to read: +4 min

Oil prices are surging again, but the Strategic Petroleum Reserve remains near 40-year lows. Last year, the Biden administration drained 180 million barrels from the SPR as oil prices soared. Flooding the market with all that supply helped bring oil prices down — and helped cool inflation, which had shot up as well. But while it has ticked up slightly, the level remains near 40-year lows at about 350 million barrels. The stock market has started to feel the ripple effects from rising oil prices.

Persons: Biden, Brent, Enverus Organizations: Strategic Petroleum Reserve, Service, Biden, Petroleum Reserve Energy Department, Energy Department, Federal Reserve Locations: Wall, Silicon, Ukraine, Saudi Arabia, Russia, Texas , New Mexico, North Dakota

☆ Here's the bitcoin outlook for September as crypto industry turns focus on Washington
▼ + stars: | 2023-08-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin is poised to end August on a down beat despite the crypto industry scoring a milestone win on the regulation front. Bitcoin recently jumped 7% after a federal appeals court sided with Grayscale over the Securities and Exchange Commission in a key crypto ETF case. While crypto investors have a lot to cheer, it hasn't been reflected in prices, and bitcoin could remain rangebound throughout September. All eyes on Washington September kicks off with an anticipated update from the SEC on at least one spot bitcoin ETF application. On Thursday afternoon the agency delayed its decisions on bitcoin ETF applications from WisdomTree and Invesco.

Persons: Bitcoin, Rob Ginsberg, Will Tamplin, Tamplin, Cantor Fitzgerald's Elliot Han, Han, Kristin Smith, They're, — CNBC's Michael Bloom Organizations: Metrics, Securities and Exchange Commission, Wolfe Research, SEC, Fidelity Locations: Washington, Bitwise, BlackRock

☆ Column: South Korea's Gwangyang is the new LME aluminium battleground
▼ + stars: | 2023-08-29 | by ( Andy Home | Thomson Reuters | Senior Metals Columnist Who Previously Covered Industrial Metals Markets For Metals Week | ) www.reuters.com time to read: +6 min

LONDON, Aug 29 (Reuters) - The South Korean port of Gwangyang has emerged as the new hub for storing London Metal Exchange (LME) aluminium. Another 54,000 metric tons of aluminium have arrived in the intervening week, promising more turns of the storage carousel. LME aluminium stocks at Gwangyang and Port KlangGWANGYANG GRABS THE SPOTLIGHTA total 198,125 metric tons of aluminium were warranted at LME warehouses in Gwangyang in the first quarter of this year, most of it arriving in four single-day clips. Gwangyang LME aluminium stocks, arrivals and drawdownsRUSSIAN METAL NOW DOMINATESThe competition to store LME aluminium during periods of weak demand is not new. The Gwangyang aluminium storage wars may just be starting.

Persons: Gwangyang, ISTIM, Henry Bath, Sharon Singleton Organizations: London Metal Exchange, Glencore, ISTIM, Pac Global Services, Reuters, Thomson Locations: Gwangyang, Malaysia's Port Klang, Port, Rotterdam, Busan, South Korea, Port Klang, Malaysian, Detroit, Vlissingen, ISTIM

☆ The August sell-off has the market testing some key levels. Here's a breakdown
▼ + stars: | 2023-08-21 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The August sell-off has stocks testing some key technical levels, spurring investors to watch where equities will go next. Now, investors are watching to see where the S & P 500 goes next. .SPX 1Y mountain S & P 500 1-year The strategist said this threshold is a key support as it's a convergence of several trends in the market. The S & P 500 fell to roughly 3,800 in March before resuming its march upward. A combination of technical factors imply that the S & P may test the 4,200 level but might not break significantly below that."

Persons: Sam Stovall, Stovall, BTIG's Jonathan Krinsky, Krinsky, Oppenheimer's Ari Wald, Wald, Michael Bloom Organizations: Dow Jones Industrial, Nasdaq Locations: China

☆ No sign of panic in stocks makes this a garden variety correction, not a bear market
▼ + stars: | 2023-08-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Hiccup in soft landing story Why are we hitting this string of down days? There's a hiccup in the soft landing story. That's causing a speed bump for stocks, particularly tech stocks, which are underperforming this month and this quarter. And despite poor economic news out of China, the macroeconomic environment in the U.S. remains strong and still supportive of a soft landing. At 19.2 times forward earnings, the S & P 500 is still richly valued.

Persons: Phil Camporeale Organizations: Silicon Valley Bank, Reserve, Nasdaq, Treasury, Federal Reserve Bank of, Morgan Asset Management, CNBC Locations: Silicon, China, U.S, Federal Reserve Bank of Kansas, Jackson Hole , Wyoming

☆ This chart shows how exposed each of our 35 stocks is to China's struggling economy
▼ + stars: | 2023-08-15 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The chart below is meant to provide a high level view of the revenue exposure each of the 35 companies in our portfolio has to the world's second-largest economy. First, a couple caveats: Our energy exploration and production stocks Coterra Energy (CTRA) and Pioneer Natural Resources (PXD) screen as having zero revenue exposure outside of the United States. Nvidia (NVDA) is another stock where the direct revenue exposure can be misleading. That makes the 60% revenue exposure to the Asia-Pacific region more concerning, even as mainland China realized organic sales growth during the quarter. As a result, total sales, services sales and wearables, home and accessories sales all set June quarter records in Greater China.

Persons: Estee Lauder, WYNN, Estee Lauder We're, wouldn't, Jim Cramer's, Jim Cramer, Jim Organizations: Coterra Energy, Natural Resources, Nvidia, Devices, AMD, Apple, Wynn Resorts, Wynn, Macau, Starbucks, Management, Jim Cramer's Charitable, CNBC, Vcg, Visual China, Getty Locations: China, Asia, Pacific, Taiwan, Macau, United States, U.S, Japan, Greater China, India, Jiangxi Province

☆ Asian shares slip on China worries; U.S. inflation figures awaited
▼ + stars: | 2023-08-10 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-HoonSINGAPORE, Aug 10 (Reuters) - Asian stocks lost ground on Thursday, still hurting from China's slip into deflation, with investors particularly cautious ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve's monetary policy path. The announcement of a U.S. ban on investments in sensitive technologies in the world's second-largest economy also weighed on sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.33% and it looked set to log a second straight week of losses. China is the first G20 economy to report a year-on-year decline in consumer prices since Japan's last negative headline CPI reading in August 2021. Investors have also been unwilling to place major bets this week ahead of a U.S. inflation report due later on Thursday.

Persons: Kim Kyung, Hong, HSI, Rodrigo Catril, Joe Biden, Brent, Ankur Banerjee, Edwina Gibbs Organizations: Yen, REUTERS, Hoon, Federal, Japan's Nikkei, National Australia Bank, Wednesday, Saxo Markets, U.S, CPI, Reuters, Treasury, Thomson Locations: Tokyo, Japan, Hoon SINGAPORE, U.S, Asia, Pacific, Shanghai, China, Beijing, Saudi, Russian

☆ Oil prices fall as China woes offset boost from high U.S. fuel demand
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: +1 min

Oil prices fell in early Asian trade on Thursday after reaching fresh highs in the previous session as concerns about the Chinese economy offset the positive impact of steep drawdowns in U.S. fuel stockpiles and Saudi and Russian output cuts. Brent crude fell 20 cents, or 0.2%, to $87.35 a barrel by 0006 GMT, after settling at its highest since Jan. 27 in the previous session. West Texas Intermediate crude fell 23 cents, or 0.3%, to $84.17, after settling at its highest since November 2022. Chinese data on Tuesday showed crude oil imports in July fell 18.8% from the previous month to their lowest daily rate since January. Also supporting prices were top exporter Saudi Arabia's plans to extend its voluntary production cut of 1 million barrels per day for another month to include September.

Persons: Brent Organizations: West Texas, Saudi, Investors, U.S, Consumer Locations: New Mexico, U.S, Saudi, Russian, Russia

Brent crude fell 20 cents, or 0.2%, to $87.35 a barrel by 0006 GMT, after settling at its highest since Jan. 27 in the previous session. West Texas Intermediate crude (WTI) fell 23 cents, or 0.3%, to $84.17, after settling at its highest since November 2022. Chinese data on Tuesday showed crude oil imports in July fell 18.8% from the previous month to their lowest daily rate since January. China's consumer sector also fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand. Also supporting prices were top exporter Saudi Arabia's plans to extend its voluntary production cut of 1 million barrels per day for another month to include September.

Persons: Johan Sverdrup, Carina Johansen, NTB, Brent, Laura Sanicola, Muralikumar Organizations: West Texas, Saudi, Investors, U.S, Consumer, Index, Thomson Locations: North, Saudi, Russian, Russia, Washington

☆ A top-3% fund manager over the past 5 years explains how to ride momentum in markets and find under-the-radar winners overseas
▼ + stars: | 2023-08-09 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Instead of attempting to outsmart the market, Ivo Kovachev rides stocks' momentum. While many fund managers aim to buy beaten-down stocks before they rebound, Kovachev goes against the grain by riding momentum in markets. "We are humble guys — we listen to the market," Kovachev said in a recent interview with Insider. As its name suggests, Kovachev's JOHCM Emerging Markets Discovery Fund sticks to unnoticed stocks in developing international markets. Fortunately for stocks in emerging markets, Kovachev said their interest rates can finally fall as inflation declines alongside oil prices.

Persons: Ivo Kovachev, Kovachev, it's, Stephen Lew, Emery Brewer, J, he's Organizations: Market, Discovery Fund, J O Hambro Capital Management, Nvidia, Voltronic Power Technology, Ink Holdings, KPIT Technologies, Narayana Locations: Taiwan, China, Korea, India

☆ ChatGPT helped a simulated study return up to 512% trading stocks based on news. Here's the prompt the researchers used — plus the positive and negative takeaways from their findings.
▼ + stars: | 2023-07-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

ChatGPT excelled at predicting a stock's price direction based on news sentiment. They found that while ChatGPT excelled at predicting a stock's direction based on news sentiment, it is not without limitations. They prompted ChatGPT to assign the following scores to headlines: "1" for good news, "0" for unknown and "-1" for bad news. Is this headline good or bad for the stock price of (company name) in the term (short or long-term)?" This meant negative news had a greater and longer impact in the real world than in the simulation,, likely giving ChatGPT an advantage, Lopez-Lira noted.

Persons: ChatGPT, Bard, Alejandro Lopez, Yuehua Tang, Merrill Lynch, Lopez, Lira, Tang, Russell, BERT, Philip Morris, Gene Tipps, David Capablanca, Alpesh Patel, Praefinium, Patel, Capablanca, GPT's, it's, Cory Mitchell, would've, Mitchell, you'll, they're Organizations: University of Florida, of Florida's Department, Finance, Lira, Center for Research, Linux, NYSE, Nasdaq, GPT, Design, Cadence Design, Philip Morris Beats, Global, Global Operations, Dow Locations: GPT

☆ Buffer ETFs are growing with new funds from iShares, even as stocks rally
▼ + stars: | 2023-07-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

BlackRock's iShares launched two new defined outcome funds on Friday — the iShares Large Cap Moderate Buffer ETF (IVVM) and the iShares Large Cap Deep Buffer ETF (IVVB) . The moderate buffer fund is designed to shield investors from quarterly declines between 0 and 5%, while the deep buffer fund guards against quarterly drawdowns between 5% and 20%. Buffer funds saw a surge of investor interest in 2022, when their downside protection shielded customers from the bear market. Innovator has a wide offering of buffer funds, including a popular series of monthly funds that offer a 12-month investment horizon. BJAN YTD mountain The January buffer ETF from Innovator rallied in the first half, but not as much as the S & P 500.

Persons: BlackRock's iShares, Tim Urbanowicz, Urbanowicz, Phil Toews, Toews Organizations: Equity, Toews Corporation, JPMorgan

☆ This is where to find hot yields in July, according to UBS
▼ + stars: | 2023-07-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Now's the time to focus on fixed income over equities, according to UBS. Yet some fixed income products are more attractive than others right now. Mortgage-backed securities UBS calls mortgage-backed securities a "unique" opportunity in fixed income. Preferred securities Banks and financial institutions issue the majority of preferred securities , which have characteristics of both stocks and bonds. UBS recently upgraded preferred securities to most preferred.

Persons: it's, Frank Sileo, Jason Draho, Sileo, — CNBC's Michael Bloom Organizations: UBS, Dow Jones Industrial, Nasdaq, AAA

☆ Oil demand will likely grow by 2.3 million barrels this year: Standard Chartered
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil demand will likely grow by 2.3 million barrels this year: Standard CharteredAlok Sinha of the bank sees a "much tighter oil market" in the second half of 2023 due to OPEC actions and inventory drawdowns.

Persons: Alok Sinha Organizations: Email, Alok

☆ The S&P 500 could sink 23% in a recession, so investors should consider some downside protection, Goldman Sachs says
▼ + stars: | 2023-06-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The baseline view for Goldman Sachs is that the S&P 500 will rise 7% over the next 12 months. If a recession occurs, the S&P 500 would fall 23% to 3,400, Goldman Sachs said. The warning comes as the S&P 500 is currently in the midst of a bull market run, led by a rally around mega-cap tech stocks. According to Goldman, breadth drawdowns are historically followed by significant slides in the S&P 500. Historically, when the S&P 500 trades this high, it is usually followed by a 14% drawdown over the next year, the analysts wrote.

Persons: Goldman Sachs, —, Goldman, Wall Organizations: Service

☆ This stock could become a 'one-stop shop' for biopharma and rally more than 35%, RBC says
▼ + stars: | 2023-06-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Avantor can show near-term resilience before outperforming in the long term, according to RBC Capital Markets. Analyst Conor McNamara initiated coverage of the health care products stock at outperform. His $27 price target implies a 37.4% upside from where shares finished Tuesday. AVTR YTD mountain Avantor Avantor is well-positioned for the long-term, McNamara said, as the life science tools sector is one of the most attractive in health care. Though the price target would require the stock to trade at historical multiples relative to peers, McNamara said that would be justified after the company's operating improvements in recent years.

Persons: Conor McNamara, McNamara, — CNBC's Michael Bloom Organizations: RBC Capital Markets

☆ Morgan Stanley's Wilson says this is not a new bull market and the Fed may reawaken the bear
▼ + stars: | 2023-06-12 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Investors shouldn't be so quick to believe the bear has left the stock market, Morgan Stanley warned. But he said investors shouldn't think the bear market has ended just yet, pointing specifically to the outlook for earnings as a reason to remain cautious. "With the S & P 500 rally now crossing the 20% threshold, more are declaring the bear market officially over," he said in a note to clients Monday. The 20% threshold has emboldened some market participants to "declare the official end to the bear market," Wilson said. He said the current bear market is similar to the market between 1946 and 1948, which also saw a boom-and-bust story.

Persons: Morgan Stanley, Mike Wilson, shouldn't, Jerome Powell, Wilson, Morgan, — CNBC's Michael Bloom Organizations: Federal

Despite a strong job market, human resources and employment services stocks have taken a beating lately. That could signal an economic slowdown ahead. Since March 1, the S & P 1500 Composite Human Resource & Employment Services Sub-Industry has seen accelerated underperformance versus the broader S & P Composite 1500 index. Large drawdowns in the jobs-related sub-industry tend to precede recessions and larger increases in unemployment. See below for details on how stocks in the S & P 1500 Composite Human Resource & Employment Services Sub-Industry have performed in recent months.

Persons: Dow Jones, nonfarm payrolls, Robert, ASGN, Korn, — CNBC's Michael Bloom Organizations: Industry, U.S . Bureau of Labor Statistics, ADP, Dow, Robert Half International, Wednesday, UBS, Robert Half, Kelly Services

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