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☆ The stock market could retest October lows by midyear as a looming recession hits the US economy, Evercore's Julian Emanuel says
▼ + stars: | 2023-02-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Stocks could slide 10% back to October lows over the next three to six months, according to Evercore's Julian Emanuel. The Fed will keep raising interest rates, Emanuel warned, lowering the odds of a soft landing. But that's unlikely as central bankers will keep on tightening interest rates, Emanuel said, which could mean more downside for stocks. Fed officials raised interest rates 425 basis-points last year to tackle rising inflation, a move that caused the S&P 500 to lose 20%. "The Fed's going to just keep going until something either softens, or invariably, as it has through most of history, breaks," Emanuel warned.

☆ Morgan Stanley's top stock strategist Mike Wilson says the bear market could resume in March
▼ + stars: | 2023-02-27 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Mike Wilson, the firm's chief U.S. equity strategist, said in a note to clients on Monday that the S & P 500 was on the verge of falling back into a bear market. "With the equity market showing signs of exhaustion after the last Fed meeting, the S & P 500 is at critical technical support. Given our view on earnings, March is a high risk month for the bear market to resume," Wilson said. The S & P 500 fell into a bear market — or 20% below its record high — last year amid a rapid rise in interest rates. The stock market then had its worst week of the year, with the S & P 500 falling 2.67%.

☆ Stocks likely to retest October lows due to weakening economy, says Nikko's Joe Lavorgna
▼ + stars: | 2023-02-24 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks likely to retest October lows due to weakening economy, says Nikko's Joe LavorgnaNikko Securities' Joe Lavorgna makes sense of today's market reaction to hot economic data. With CNBC's Sara Eisen and the Fast Money traders, Mike Khouw, Guy Adami and Jeff Mills.

☆ The S&P 500 faces a near-term selloff and likely won't rally until the Fed starts cutting rates, JPMorgan's top strategist says
▼ + stars: | 2023-02-22 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

The S&P 500 faces pain ahead and likely won't rally until the Fed starts cutting rates, according to JPMorgan's top strategist. "We really think the Fed will need to cut the rates for the market to rally on a sustainable basis," Marko Kolanovic said. The benchmark index notched its worst day so far this year on Tuesday as investors worry the Fed will keep rates high. The S&P 500 notched its worst day of the year so far, dropping 2% to close below 4,000. Kolanovic gave a price target of 4,200 price target for the S&P 500 this year.

☆ Stock market won't retest October lows, says Sanctuary Wealth's Mary Ann Bartels
▼ + stars: | 2023-02-22 | 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 EmailStock market won't retest October lows, says Sanctuary Wealth's Mary Ann BartelsJack Caffrey, JPMorgan Asset Management equity portfolio manager, and Mary Ann Bartels, Sanctuary Wealth chief investment strategist, joins 'Squawk Box' to discuss Bartels thoughts on equities, how to value stocks in 2023, and whether there were storm clouds in Home Depot's earnings report.

☆ 'This is not the end of the world': One of Wall Street's biggest bears says stocks will sputter this year but soar to record highs in 2024
▼ + stars: | 2023-02-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

One of Wall Street's biggest bears believes the stock market could surge to record highs in 2024. Morgan Stanley's Mike Wilson told CNBC on Tuesday that the stock market will survive its current earnings recession. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. But the stock market should be able to manage all of those issues and eventually shake them off, according to Wilson. "I think we could see new highs sometime probably next year if everything sort of plays out the way that we think."

☆ Morgan Stanley's Wilson warns stock market will retest October lows, could fall more than 20%
▼ + stars: | 2023-02-21 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The equity strategist strategist said on CNBC's "Squawk Box " that the Fed will continue to hike rates through the spring and put the stock market's recent rally at risk. The strategist warned that the stock market could possibly fall more than 20% and see the the S & P 500 trade in a range of 3,000 to 3,300, and was in for "at least a retest of the October lows." The S & P 500 closed at 3,583 on Oct. 14, or 12.2% below its Friday close. He compared the stock market to mountain climbers who had gone too high on Mount Everest and entered the "death zone," with valuations hard to justify based on the outlook for earnings. Despite his cautious outlook, Wilson said that the stock market is not in for a multi-year rough patch.

☆ A crypto chartmaster shares why bitcoin could fall up to 50% after its massive comeback — and why he's bullish on these 4 altcoins in the long term
▼ + stars: | 2023-02-17 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Chartmaker Forrest Przybysz shared his 2023 price outlook for bitcoin and ether. Here are four altcoins that Przybysz is most optimistic about with bitcoin at risk of falling. In other words, while Przybysz's charts also indicate that ether could fall 20%, the token's potential upside of 57% is double that of bitcoin. Ether is trading above technical support but could rise substantially. Forrest Przybysz, Sistine ResearchDespite their strong showings so far this year, bitcoin and ether are still about 64% below their all-time highs.

☆ European markets open higher after another record high for FTSE 100
▼ + stars: | 2023-02-16 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

There could be some strength in this stock rally, according to Victoria Greene, chief investment officer at G Squared Private Wealth. "It's ignoring the bond market, it's ignoring the Fed, it's ignoring fundamentals and it's ignoring some of the economic data. All it's focused on is rising on technicals," Greene said Wednesday on CNBC's "Closing Bell: Overtime." "And this does happen — early innings of a bull market, you always see the market run without any fundamental reason why," she continued. According to Greene, that suggests the rally "does have some legs."

☆ Stock futures are flat Wednesday night as traders digest earnings, latest data: Live updates
▼ + stars: | 2023-02-15 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

U.S. stock futures were flat on Wednesday night after strong retail sales data suggested a resilient U.S. economy. Dow Jones Industrial Average futures fell by 15 points, or 0.04%. S&P 500 futures climbed 0.02%, while Nasdaq 100 futures rose 0.14%. Stocks closed slightly higher during the regular session Wednesday, despite falling earlier in the day after a stronger-than-expected January retail sales report suggested the Federal Reserve may have further to go in its efforts to tame inflation. On the earnings front, Hasbro and Paramount Global are expected to report Thursday before the bell.

☆ 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.

☆ Charts suggest the S&P 500 is nearing a ‘decisive’ moment, Jim Cramer says
▼ + stars: | 2023-01-30 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday said the benchmark S&P 500 could be at a pivotal moment this week. "The charts, as interpreted by Mark Sebastian, suggest that we're approaching a decisive moment here. If the S&P 500 can avoid a major decline this week, he's feeling optimistic about the future – on the other hand, if it gets clobbered, he sees a heck of a lot more downside," he said. To explain analysis from Sebastian, who is the founder of trading education company Option Pit, Cramer examined the daily chart of the S&P 500 going back to January 2022. Zoom In Icon Arrows pointing outwardsWhile the VIX and the S&P normally move in opposite directions, they've both moved up since January 13, according to Cramer.

☆ Oil slips as U.S. inventory rise offsets China hopes
▼ + stars: | 2023-01-25 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

The price of crude has rallied this year on the ending of China's COVID controls and hopes that the rise in U.S. interest rates will soon taper off. Still, some analysts said the speed of China's actual demand rebound looks uncertain. "Whether or not oil prices can resume their march higher will depend on how quickly China's crude demand bounces back this quarter," said Stephen Brennock of oil broker PVM. An OPEC+ panel is likely to endorse the group's current policy at a Feb. 1 meeting, five OPEC+ sources said on Tuesday. OPEC+ in October decided to trim output by 2 million barrels per day from November through 2023 on a weaker economic outlook.

☆ My avalanche dog and I protect skiers at a Utah Resort. It's a dream job — here's what it's like.
▼ + stars: | 2023-01-20 | by ( Molly O'Brien | ) www.businessinsider.com time to read: +6 min

Tracy Christensen, 55, is an assistant patrol director at Sundance Mountain Resort in Utah. He's worked there for 31 years and has been a dog handler for 20. A "Level A" avalanche dog has to retest to stay certified at this level every other year and maintain this certification for their entire career. I named my first avalanche dog at Sundance "Mick." My dog is a people magnet, but whether you can pet an avalanche dog depends on the situationApproach the handler first, and ask them for permission.

☆ Buy these 42 stocks in BMO's market-crushing US dividend growth portfolio to earn income and hedge against high prices in 2023
▼ + stars: | 2023-01-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are the 42 stocks in BMO's US dividend growth portfolio, which beat the market soundly in 2022. One such model, the US dividend growth portfolio, beat the S&P 500 convincingly in 2022, falling just 5.4% after dividends compared to the index's -18.1% total return. And in 2021, the US dividend growth portfolio matched the S&P 500's performance exactly by rising 28.7%. Still, Belski noted that 30 of the 42 stocks held in BMO's US dividend growth portfolio topped the S&P 500 in the fourth quarter. Below are the 42 stocks in BMO Capital Markets' market-beating US dividend growth portfolio right now, along with the ticker, market capitalization, sector, and dividend yield for each.

☆ Investors should sell stocks and take profits as the latest rally is set to falter amid surprises from the Fed and weak corporate earnings, JPMorgan says
▼ + stars: | 2023-01-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Investors should sell stocks and take profits as the current market rally is set to fizzle, according to JPMorgan. The bank said stocks will face several curveballs this year thrown by the Fed and weak corporate earnings. "We... are reluctant to chase the past week's rally as recession and overtightening risks remain high," JPMorgan said. Given the risk-reward profile, JPMorgan increased its underweight recommendation for equities and took profits in credit in its model portfolio. While JPMorgan has a bearish view on stocks in the short-term, longer term it still sees the potential for upside.

☆ Scaramucci sees bitcoin at $50,000 to $100,000 in 2-3 years as market hopes for bull run
▼ + stars: | 2023-01-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Bitcoin is expected to trade within a range, be sensitive to the macroeconomic situation such as interest rate rises and continue to be volatile. "I think there's a little bit more downside, but I don't think there's going to be a lot," Bill Tai, a venture capitalist and crypto veteran told CNBC last week. "I don't think there's a lot of forced selling remaining, which is optimistic," Demirors told CNBC Friday. Bitcoin has proved to be closely correlated to risk assets such as stocks, and in particular, the tech-heavy Nasdaq . Last year, the Fed embarked on an aggressive interest rate hike path to try to tame inflation, which hurt risk assets along with bitcoin.

☆ VIEW U.S. consumer prices fall in December
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +5 min

NEW YORK, Jan 12 (Reuters) - U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend. The consumer price index dipped 0.1% last month after gaining 0.1% in November, the Labor Department said on Thursday. MARKET REACTION:STOCKS: U.S. stock index futures fall after the inflation data BONDS: U.S. Treasury yields slid across the board. But I will note that it is an especially volatile period, which is not atypical for inflection points in market expectations and the broader macro outlook." BRIAN KLIMKE, INVESTMENT DIRECTOR, CETERA INVESTMENT MANAGEMENT LLC, LOS ANGELES"It (the report) came in as expected, but investors were somewhat optimistic leading into this reading, so that they were buying the rumor and selling the new.

☆ Instant View: U.S. consumer prices fall in December
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +5 min

NEW YORK, Jan 12 (Reuters) - U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend. The consumer price index dipped 0.1% last month after gaining 0.1% in November, the Labor Department said on Thursday. MARKET REACTION:STOCKS: U.S. stock index futures fall after the inflation dataBONDS: U.S. Treasury yields slid across the board.FOREX: The dollar fell against the euro and yen. But I will note that it is an especially volatile period, which is not atypical for inflection points in market expectations and the broader macro outlook." BRIAN KLIMKE, INVESTMENT DIRECTOR, CETERA INVESTMENT MANAGEMENT LLC, LOS ANGELES"It (the report) came in as expected, but investors were somewhat optimistic leading into this reading, so that they were buying the rumor and selling the new.

☆ A senior strategist at UBS Global Wealth Management says that stock losses are just getting started. Here's when the pain will end and a recovery will begin — and 6 ways to protect your money in the m
▼ + stars: | 2023-01-07 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Nadia Lovell, a senior US equity strategist at UBS Global Wealth Management, is wary of stocks. Nadia Lovell of UBS Global Wealth Management has a knack for nailing stock market calls. In mid-August, the senior US equity strategist warned that the latest stock market rally couldn't be trusted. Markets are currently expecting 5% earnings growth in 2023, but should instead brace for an earnings recession, Lovell said. "And so we find it difficult to see that we get earnings growth this year.

☆ JPMorgan's top picks for 2023, including two stocks coming off their worst performances in decades
▼ + stars: | 2023-01-04 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

JPMorgan analysts warned Wednesday that there could be further downward pressure on the market in 2023 before a recovery is felt. The firm has a $130 price target, implying the stock will gain 51.5% from Tuesday's close. JPMorgan set a price target of $201, which shows a potential upside of 32.5% over Tuesday's close. JPMorgan set a price target of $84.17, which implies the stock should gain 51.7% in the next 12 months. JPMorgan's $55 price target reflects an 11.5% upside.

☆ Sam Bankman-Fried's FTX saga keeps getting weirder as new details shed further light on how much his company's finances overlapped.
▼ + stars: | 2022-12-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

More details are sure to emerge, but there's already enough fodder for a spectacular thriller novel on par with "The Big Short." A closer scrutiny of court documents reveal an underlying theme of commingled funds, overlapping and mixed finances, and inexcusable, messy bookkeeping. Bankman-Fried's entire enterprise — counting FTX, his hedge fund Alameda Research, as well as scores of smaller entities — were steeped in one another's funds. There's a chance that those who end up in the most financial pain will be everyday investors who, like some institutional investors, trusted their funds to FTX. The CIO of a top-performing fund said 2023's stock market will present a tale of two halves.

☆ The CIO of a top-performing fund says 2023's stock market will be a tale of 2 halves. He shares the sectors he expects to outperform.
▼ + stars: | 2022-12-27 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Mike Morey believe the stock market may retest its 2022 lows during the first half of the year. Despite the market chaos, there were two clear standouts that outperformed the broad market: the energy sector and defensive sectors, both of which fall under his area of expertise. The second fund, the Integrity Mid-North American Resources Fund (ICPAX), focuses on the energy sector. He favors defensive sectors such as healthcare, utilities, staples, and traditional telecommunications sectors, which are found in the IDIVX fund. ICPAX's top 10 holdings are Cheniere Energy, Diamondback Energy, OvintivInc., ExxonMobil Corp., Cactu, Nextier Oilfield., Halliburton, Enbridge, Champion, and Marathon Oil.

☆ Analysis: U.S. stock investors face recession fears as they bid good riddance to 2022
▼ + stars: | 2022-12-23 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

"The issue is how much has the market already discounted a recession, and that’s where it gets a little bit thornier." Concerns that the Fed will maintain its hawkish stance helped drive the S&P 500 down 1.45% on Thursday. The S&P 500 marked a 2022 closing low of 3,577.03 in October, just over 6% below its current level. Yet earnings fall by an average annual rate of 24% during recessions, according to Clissold, leaving plenty of downside for profits if a slowdown hits. Bear markets on average have bottomed four months before the end of a recession, according to Clissold, of Ned Davis.

☆ We'll have to retest lows to pull out of this bear market, says Fairlead's Katie Stockton
▼ + stars: | 2022-12-22 | 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 EmailWe'll have to retest lows to pull out of this bear market, says Fairlead's Katie StocktonKatie Stockton, Fairlead Strategies founder, joins 'Closing Bell: Overtime' to discuss volatility in the market.

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