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☆ Recession is still likely with a backdrop of high interest rates, says Wells Fargo's Sameer Samana
  + 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 EmailRecession is still likely with a backdrop of high interest rates, says Wells Fargo's Sameer SamanaBarbara Doran, BD8 Capital Partners, and Sameer Samana, Wells Fargo Investment Institute, join 'Closing Bell' to discuss the day's market activity.
☆ Yields are popping again. Here's how investors can take advantage of that, according to the pros
  + stars: | 2023-02-14 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +3 min
How can investors ride on higher yields? Buy high-quality or short-term fixed income BlackRock Investment Institute said it likes high-quality credit and short-end government bonds "as interest rates stay higher for longer." "Fixed income finally offers 'income' after yields surged globally. "We believe that investors should hold around 2% of cash in their portfolios and should use short-term fixed income (anything below a 2-year maturity) as a proxy for cash," Alvarado added. Wells Fargo Investment Institute's tactical portfolios are allocating between 2% (for "aggressive growth investors") and 17% (for conservative income investors) to short-term fixed income.
☆ Wall St Week Ahead Last year's laggards lead U.S. stocks' 2023 rebound, for now
  + stars: | 2023-02-11 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +5 min
NEW YORK, Feb 10 (Reuters) - U.S. stocks that took a beating last year are surging in the early weeks of 2023, leading markets higher. A range of factors are driving the moves, including the attractiveness of beaten-up shares, a tailwind from falling bond yields and market participants unwinding bearish bets against stocks. “When interest rates fall, lower quality, longer duration assets do well," said Rob Almeida, global investment strategist at MFS Investment Management. That's weighed on stocks in the latest week, which saw the S&P 500 lose 1.1% after two straight weeks of gains. David Kotok, chief investment officer at Cumberland Advisors, is skeptical of the latest rally and some of the stocks leading the current run.
☆ Tech, megacaps drag Wall St to lower close as big market week kicks off
  + stars: | 2023-01-30 | by ( Lewis Krauskopf Shreyashi Sanyal Yohann M Cherian | Lewis Krauskopf | Shreyashi Sanyal | ) www.reuters.com   time to read: +4 min
The heavyweight tech sector (.SPLRCT) dropped 1.9% while energy (.SPNY) shed 2.3%, the biggest drop among the S&P 500 sectors. More than 100 S&P 500 companies are expected to report results this week, which also includes central bank meetings in the United States and Europe and closely watched U.S. employment data. Despite Monday's declines, the S&P 500 remained on track to post its biggest January gain since 2019. With more than 140 companies having reported so far, S&P 500 earnings are expected to have fallen 3% in the fourth quarter compared with the prior-year period, according to Refinitiv IBES. The S&P 500 posted 5 new 52-week highs and no new lows; the Nasdaq Composite recorded 67 new highs and 20 new lows.
☆ Instant view: U.S. GDP grows in fourth quarter; weekly jobless claims fall
  + stars: | 2023-01-26 | by ( ) www.reuters.com   time to read: +6 min
Gross domestic product increased at a 2.9% annualized rate last quarter, the Commerce Department said in its advance fourth-quarter GDP growth estimate on Thursday. The swing in inventories was the wildcard and that added 1.46 percentage points to GDP growth. "If you look at the GDP data it does seem like we left 2022 with a little bit more momentum than people had thought and with consumption we're also in a pretty good spot. “We have a GDP number that is well above trend, and the previous quarter’s number was well above trend. That suggests higher rates were starting to take a bigger toll, and sets the stage for weaker growth in the first quarter of this year."
☆ Analysis: Wall Street heavyweights warn against ‘Goldilocks’ hopes
  + stars: | 2023-01-25 | by ( David Randall | ) www.reuters.com   time to read: +5 min
The odds are “too high on Goldilocks; there’s still no easy way out,” analysts at BoFA Global Research wrote on Tuesday. Stocks tend to perform poorly in economic downturns, with the S&P 500 falling an average of 29% during recessions since World War Two, according to Truist Advisory Services. Those rebounds inevitably crumbled, leaving the S&P 500 with a 19.4% annual loss, its worst since 2008. The most recent rally has lifted the S&P 500 more than 11% from its October lows. Strategists polled by Reuters at the end of 2021 saw the S&P 500 gaining a median of 7.5% last year.
☆ Wall St Week Ahead Tech stock rebound faces doubters with earnings season ahead
  + stars: | 2023-01-20 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +5 min
The tech-heavy Nasdaq 100 index (.NDX) has gained over 3% in 2023, double the rise for the S&P 500 (.SPX). The Nasdaq 100 fell 33% in 2022, while the S&P 500 lost 19.4%. Apple, the largest U.S. company by market value, and Google-parent Alphabet report the following week. Fourth-quarter earnings in the tech sector are expected to have declined 9.1% from a year ago, compared to a 2.8% decline for S&P 500 earnings overall, according to Refinitiv IBES. The S&P 500 tech sector still trades at a roughly 19% premium to the broader index, above its 7% average of the past 10 years, according to Refinitiv Datastream.
☆ The case for investing in China's reopening is strong. Here's how to proceed with caution
  + stars: | 2023-01-19 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +11 min
Strategists see China's markets easily scoring double-digit gains this year. The case for investing outside the U.S. is strong, particularly with the dollar coming off its highs and looking at further downside. "While China's reopening is undoubtedly a turning point, there remain reasons to be cautious," wrote Barclays equity strategists. But still the prospects for China's economy are much brighter than they were just several months ago. The Covid lockdown has been so damaging to the Chinese economy, they want to get back to a growth path in 2023."
☆ The Nasdaq had its worst year since 2008. These are the best and worst performers and what to expect in 2023
  + stars: | 2022-12-27 | by ( Samantha Subin | ) www.cnbc.com   time to read: +9 min
2022 brought an end to an impressive bull run for technology — and the worst year for the Nasdaq Composite since 2008. Energy stocks, meanwhile, found favor in investors' portfolios, as did healthcare and financials. Given this outlook, CNBC examined some of the worst and best-performing stocks in the Nasdaq 100 this year. Energy stocks Energy won 2022, benefitting from volatile oil prices triggered by the war in Ukraine. Meta Platforms was the worst-performing FAANG name, and one of the poorest-performing Nasdaq stocks.
☆ Expect inflation to come down quickly next year, says Wells Fargo's Scott Wren
  + 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 EmailExpect inflation to come down quickly next year, says Wells Fargo's Scott WrenScott Wren, Wells Fargo Investment Institute, joins 'Closing Bell' to discuss his market and economic outlook.
☆ Watch CNBC's full interview with Charles Schwab's Liz Ann Sonders and Wells Fargo's Darrell Cronk
  + stars: | 2022-12-16 | 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 EmailWatch CNBC's full interview with Charles Schwab's Liz Ann Sonders and Wells Fargo's Darrell CronkCharles Schwab's Liz Ann Sonders and Wells Fargo Investment Institute's Darrell Cronk, join 'Squawk on the Street' to discuss markets moving lower after the Fed meeting, the relationship unit demand has with pricing, and trajectory estimates for the 2-year note.
☆ Wall Street set to open sharply lower on angst over hawkish Fed
  + stars: | 2022-12-15 | by ( Sruthi Shankar Ankika Biswas | Sruthi Shankar | Ankika Biswas | ) www.reuters.com   time to read: +3 min
The U.S. central bank hiked rates by 50 basis points (bps) on Wednesday, slowing down from four back-to-back 75 bps hikes, although Fed Chair Jerome Powell said recent signs of slowing inflation have not brought any confidence yet that the fight had been won. The Fed's policy-setting committee projected it would continue raising rates to above 5% in 2023, a level not seen since a steep economic downturn in 2007. Money market participants currently expect at least two 25 bps rate hikes next year and borrowing costs to peak at 4.9% by May next year, before falling to around 4.4% by year-end. Wall Street's main indexes have staged a strong recovery since hitting 2022 lows in October on hopes of a less aggressive Fed, but the rally stalled in December due to mixed economic data and worrying corporate forecasts. Tesla Inc (TSLA.O) fell 2.9% after CEO Elon Musk disclosed another $3.6 billion in stock sales, taking his total near $40 billion this year and frustrating investors as the company's shares wallow at two-year lows.
☆ Two money managers discuss the best opportunities in the markets
  + stars: | 2022-12-15 | 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 EmailTwo money managers discuss the best opportunities in the marketsRhys Williams, Chief Strategist & CIO at Spouting Rock Asset Management, and Brian Rehling, Head of Global Fixed Income Strategy at Wells Fargo Investment Institute, join Worldwide Exchange to discuss their investment ideas.
☆ Wall Street slides more than 1% on angst over hawkish Fed
  + stars: | 2022-12-15 | by ( Ankika Biswas Johann M Cherian | Ankika Biswas | Johann M Cherian | ) www.reuters.com   time to read: +4 min
The Fed's policy-setting committee projected it would continue raising rates to above 5% in 2023, a level not seen since a steep economic downturn in 2007. Money market participants currently expect at least two 25 bps rate hikes next year and borrowing costs to peak at 4.9% in the first half, before falling to around 4.4% by the year end. Wall Street's main indexes have staged a strong recovery since hitting 2022 lows in October on hopes of a less aggressive Fed, but the rally stalled in December on the back of mixed economic data and worrying corporate forecasts. Investors also digested economic data on Thursday that showed a steeper-than-expected decline in retail sales in November and the number of Americans filing for unemployment benefits falling last week, indicating a tight labor market. The S&P index recorded no new 52-week highs and four new lows, while the Nasdaq recorded 24 new highs and 120 new lows.
☆ How High Will CD Rates Go in 2023?
  + stars: | 2022-12-01 | by ( ) www.wsj.com   time to read: +6 min
Whether or not CD rates will continue to rise in 2023 depends a lot on what the Fed does to fight inflation, with higher inflation likely higher interest rates. Where will CD rates go in 2023? There is no direct relationship between CD rates and those set by the Federal Reserve, since banks can offer whatever interest rates they wish. And that means that CD rates likely have a little room to rise, but not a whole lot. While CD rates continually shift, it’s now possible to find rates of between 4% and 5% from well-known institutions like Capital One, BMO Harris, Synchrony and more.
☆ Analysis: Markets sigh with relief after Powell speech, but more turbulence likely ahead
  + stars: | 2022-12-01 | by ( Davide Barbuscia David Randall | Davide Barbuscia | David Randall | ) www.reuters.com   time to read: +5 min
The S&P 500 is down 14.4% year-to-date. U.S. consumer prices rose less than expected in October, supporting the view that inflation was ebbing. Further ahead, some of Wall Street’s biggest banks are now forecasting that the Fed's monetary policy tightening will bring on a recession next year. In options markets, traders appear more preoccupied with not missing out on more gains in stocks than guarding against future declines. The one-month moving average of daily trading in bearish put contracts against bullish calls on the S&P 500 index-tracking SPDR S&P 500 ETF Trust's options is at its lowest since January 2022, according to Trade Alert data.
☆ We're on the side of 50bps in February and 25bps in March, says CFRA's Stovall
  + stars: | 2022-12-01 | 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're on the side of 50bps in February and 25bps in March, says CFRA's StovallSam Stovall, CFRA Research chief investment strategist, and Sameer Samana, Wells Fargo Investment Institute, join 'Squawk on the Street' to discuss Powell's recent comments at Brookings, whether now is a good time to buy equities and more.
☆ Watch CNBC's full interview with CFRA's Sam Stovall and Wells Fargo's Sameer Samana
  + stars: | 2022-12-01 | 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 EmailWatch CNBC's full interview with CFRA's Sam Stovall and Wells Fargo's Sameer SamanaSam Stovall, CFRA Research chief investment strategist, and Sameer Samana, Wells Fargo Investment Institute, join 'Squawk on the Street' to discuss Powell's recent comments at Brookings, whether now is a good time to buy equities and more.
☆ Powell says rate hike moderation may come by December
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +3 min
Curing inflation "will require holding policy at a restrictive level for some time," he said. read moreUS stocks turned sharply higher on his comments, while Treasury yields fell back and the dollar turned lower. More than that, I think (investors) are starting to get a little more comfortable with investing at rates at this level... Investors have gotten to the point now where they are looking to come back into the market. SAMEER SAMANA, SENIOR GLOBAL MARKET STRATEGIST, WELLS FARGO INVESTMENT INSTITUTE, CHARLOTTE, NC"The market is taking this glass-half-full, it could've been worse approach. The balance sheet is almost as important if not more important than the level of rates."
☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
  + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +10 min
This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.
☆ Watch CNBC's full interview with Wells Fargo's Brian Rehling and Fitz-Gerald Group's Keith Fitz-Gerald
  + stars: | 2022-11-10 | 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 EmailWatch CNBC's full interview with Wells Fargo's Brian Rehling and Fitz-Gerald Group's Keith Fitz-GeraldBrian Rehling, head of global fixed income strategy at Wells Fargo Investment Institute, and Keith Fitz-Gerald, principal at the Fitz-Gerald Group, join 'The Exchange' to discuss stocks surging after CPI data came in slightly lower than expectations, as well as the impact of free cash flow on valuations.
☆ There will be no warning bell when the Fed begins to moderate, says Keith Fitz-Gerald
  + stars: | 2022-11-10 | 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 EmailThere will be no warning bell when the Fed begins to moderate, says Keith Fitz-GeraldBrian Rehling, head of global fixed income strategy at Wells Fargo Investment Institute, and Keith Fitz-Gerald, principal at the Fitz-Gerald Group, joins 'The Exchange' to discuss stocks surge after CPI data was slightly lower than expectations, locating peak inflation and yields, as well as the impact of free cash flow on valuations.
☆ Watch CNBC's full interview with Wells Fargo's Tracie McMillion and Stifel's Barry Bannister
  + stars: | 2022-11-09 | 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 EmailWatch CNBC's full interview with Wells Fargo's Tracie McMillion and Stifel's Barry BannisterTracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss if McMillion is excited about equities right now, Bannister's thoughts on Tuesday's midterm elections and if equities will take their cue from the bond market.
☆ You're looking at a choppy market for at least 12 months, says Stifel's Barry Bannister
  + stars: | 2022-11-09 | 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 EmailYou're looking at a choppy market for at least 12 months, says Stifel's Barry BannisterTracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss if McMillion is excited about equities right now, Bannister's thoughts on Tuesday's midterm elections and if equities will take their cue from the bond market.
☆ Watch CNBC's full interview with Wells Fargo's Sameer Samana and Leuthold Group's Jim Paulsen
  + stars: | 2022-10-31 | 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 EmailWatch CNBC's full interview with Wells Fargo's Sameer Samana and Leuthold Group's Jim PaulsenSameer Samana from Wells Fargo Investment Institute and Jim Paulsen from the Leuthold Group join 'Closing Bell' to discuss the negative impact of Fed balance sheet tightening, instability of Fed policy and the market impact of inflation fears compared to recession fears.
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