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☆ 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.

☆ Markets are likely to move lower, retest October lows, says NewEdge's Cameron Dawson
▼ + stars: | 2022-12-21 | 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 EmailMarkets are likely to move lower, retest October lows, says NewEdge's Cameron DawsonCameron Dawson, chief investment officer of NewEdge Wealth, joins CNBC's 'Squawk Box' to break down her market outlook and potential investment strategies ahead of the open.

☆ With the Fed out of the way, this is what could move the markets into year-end
▼ + stars: | 2022-12-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

With the Federal Reserve out of the way, and major economic news light (only the PCE on this Friday), traders are bracing for a wave of earnings reductions from the analysts community ahead of fourth quarter earnings. "Fed induced recession fears are to blame for December's pullback," Nicholas Colas, co-founder of DataTrek Research, said in a note to clients. Analyst earnings expectations for the fourth quarter have been in negative territory for several weeks, and now expectations for the first quarter of 2023 are also on the verge of going negative. It's very early, but early reporters have not been disastrous. So, early February 2023 is when the worst of the cuts may occur," wrote Raich.

☆ Markets will retest lows in 2023, says NewEdge's Cameron Dawson
▼ + 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 EmailMarkets will retest lows in 2023, says NewEdge's Cameron DawsonCameron Dawson, NewEdge Wealth chief investment officer, joins 'Closing Bell: Overtime' to discuss the Fed and her market outlook for earnings, market lows and inflation.

☆ No Santa rally. Stocks could soon retest their lows, strategists and analysts say
▼ + stars: | 2022-12-15 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

But, it also forecast a higher terminal rate — or end point for its rate hikes — of 5.1%. I think the market was going retest the lows anyway, mainly because market bottoms mostly have retests," he said. Stovall said the market could see a slight Santa rally at the end of the month, going into the beginning of January. Many Wall Street strategists expect a choppy start of 2023, with a test of the lows, then improvement in the second half. Sohn said there's still a chance for a Santa rally, but he expects it may have already happened.

☆ Finding low volatility stocks that generate income for what's likely to be another tumultuous year
▼ + stars: | 2022-12-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

With 2023 expected to be another rocky year for the stock market, investors may find shelter in low volatility names that produce income. JPMorgan is expecting the S & P 500 to retest this year's lows and Morgan Stanley strategist Mike Wilson believes earnings will shrink 15% to 20% next year. They also have a dividend yield greater than 2% and at least 60% of the analysts covering them rate the stocks a buy, according to FactSet. The companies are all the S & P 1500 and have at least 5 analysts covering them. Some 74% of analysts covering the stock give it a buy rating.

☆ S&P lows likely be re-tested early next year, says JPMorgan's Marko Kolanovic
▼ + stars: | 2022-12-09 | 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 EmailS&P lows likely be re-tested early next year, says JPMorgan's Marko KolanovicMarko Kolanovic, JPMorgan chief global markets strategist, joins the 'Halftime Report' to discuss JPMorgan's market call around a growing recession risk and the possibility markets could retest their lows early next year.

☆ Critical inflation report could be the key to the week ahead, as the Fed meets
▼ + stars: | 2022-12-09 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Inflation and a hawkish Fed "I think the data can influence his press conference and how hawkish he is," said NatWest Markets' John Briggs. "If you get a higher CPI report on the back of that, it could create some significant market instability ahead of the Fed meeting." Recession fears "If you're more worried about recession than inflation, that means you bring in more bond buyers than sellers," he said. Retail sales, industrial production, and the Philadelphia Fed manufacturing survey as well as the Empire State manufacturing survey are released Thursday. Import prices 2:00 p.m. Fed statement and projections 2:30 p.m. Fed Chairman Jerome Powell briefing Thursday Earnings: Adobe, Jabil 8:30 a.m.

☆ The stock market may retest this year's lows and returns will be nearly flat in 2023, Goldman Sachs chief equities strategist says
▼ + stars: | 2022-12-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks may retest lows this year and returns will be near-flat in 2023, according to Goldman Sachs' chief equities strategist David Kostin. The S&P 500 may hit 3,600 in the near term, as companies have revise 2023 earnings forecasts lower, he warned. Next year, the S&P 500 could see nearly flat returns, Kostin added, estimating that it could end 2023 at 3,750 to 4,000. "Therefore, if valuations are roughly at these levels – that's an optimistic scenario in my opinion – and there's not much earnings growth, you basically have a flat market," Kostin warned. And while the S&P 500 is down 17% from levels in January, the price-to-earnings ratio of the index is currently hovering around a multiple of 18.

☆ Stocks are likely to get smacked down in the first half of 2023 before markets improve
▼ + stars: | 2022-12-05 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

The outlook for next year is a bit better for stocks, but the first half sounds like it could be downright ugly. The strategist expects lows to be retested due to what could be a significant decline in earnings as interest rates rise. Jeff Kleintop, Charles Schwab's chief global investment strategist, expects a shallow recession may already have begun. He predicts the first half will be worse for stocks than the back half of the year, with a choppiness similar to the past six months. Calvasina expects small caps to be an area of outperformance, and she still sees value in energy and financials.

☆ Dan Niles sees a 'last gasp' rally between now and Christmas before things get ugly again in 2023
▼ + stars: | 2022-12-05 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Hedge fund manager Dan Niles said the market is in another bear-market rally and investor sentiment could turn sour again in the new year. Niles believes after the year-end rally, stocks could see more losses as corporate earnings are about to deteriorate. "The problem is you're going to get to the end of this year, and then you're going to have to report numbers and you're going to enter pre-announcement period. "We still believe that after you get sort of this next bear market rally running, it's last gasp, then you go and retest or break to new lows when you get into 2023," Niles said. "Our view is no different that this is just another bear market rally, but trying to take advantage of that things are going pretty well."

☆ Wall Street experts are warning that stocks are in for more trouble as a robust November jobs report is crushing investor hopes of a dovish Fed
▼ + stars: | 2022-12-03 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Stocks fell on Friday after the Bureau of Labor Statistics announced a robust November jobs report. But with the economy resilient, the Fed could continue to cause more pain for stocks going forward. November's jobs report, however, puts a pin the hopes of those anticipating easier policy sooner. He added: "Chairman Powell's speech earlier in the week was interpreted with a dovish lens, but that spin is likely to be reassessed based on the jobs report. Even before Friday's jobs report, some Wall Street strategists and money managers have been warning of further trouble ahead.

☆ Markets looking for the next catalyst might latch on to worries about 2023
▼ + stars: | 2022-12-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Markets could be volatile and in search of a catalyst in the week ahead, as investors consider year-end trades in the lull before the Federal Reserve's December 13-14 policy meeting. Stocks were higher in the past week, with the year's worst performing sectors, communications services and consumer discretionary companies, leading the gains. On the geopolitical front, Arone said investors will watch the Dec. 6 runoff election in Georgia's senate race . Week ahead calendar Monday Earnings: Sumo Logic , Gitlab 9:45 a.m. Services PMI 10:00 a.m. ISM services 10:00 a.m. Initial jobless claims 10:00 a.m. Quarterly services survey Friday 8:30 a.m. PPI 10:00 a.m. Consumer sentiment 10:00 a.m. Wholesale trade

☆ The top strategist at BMO Capital Markets says stocks are ready for a multi-year recovery in 2023 after a recession strikes — and these 11 names look attractive right now
▼ + stars: | 2022-12-02 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

BMO Capital Markets isn't changing its S&P 500 price target of 4,300 heading into 2023. Here's a look at BMO's 2023 market outlook as well as 11 US stocks to buy now. That environment means active stock-picking — not passive index investing — is now the key to outperformance, Belski wrote. In Belski's base case, S&P 500 earnings will fall 5% in 2023, which would be the biggest decline in corporate earnings since 2015 (excluding 2020). A recession in the US is "almost inevitable" in 2023, Belski wrote.

☆ The era of liquidity-induced gains is over, and the S&P 500 will just eke out a modest gain next year as the market struggles against Fed messaging, BMO says
▼ + stars: | 2022-12-01 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

BMO Capital Markets sees a modest gain for the S&P 500 in 2023 but investors will likely travel a rough road to get there. BMO said investors are likely seeing the days of liquidity-induced gains behind them. The firm's 2023 market outlook published this week said investors are likely seeing the days of liquidity-induced gains behind them. The firm put a target of 4,300 on the S&P 500 next year, representing 5% upside from Thursday's level. Earnings for S&P 500 companies may contract by roughly 5% to $220 a share in 2023 from this year given the macro circumstances.

☆ I would urge long-term investors to not lose sight of where we are in the business cycle, says Liz Young
▼ + 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 EmailI would urge long-term investors to not lose sight of where we are in the business cycle, says Liz YoungBryn Talkington, Liz Young, Josh Brown and Steve Weiss join the 'Halftime Report' to discuss the market reaction to Powell's comments yesterday, the likelihood of a year-end rally and the possibility stocks will retest market lows.

☆ The rally in stocks will trick investors into thinking the bear market is over, but there's still a case for the S&P 500 to fall another 26% next year, Morgan Stanley's Mike Wilson says
▼ + stars: | 2022-12-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks rallying on hopes of the Fed pausing rate hikes will fool investors into thinking the bear market is over, Morgan Stanley's Mike Wilson said. But stocks could be hit with an earnings recession next year, he told Bloomberg, warning a 26% drop in the S&P 500 was still possible. This is a classic Fed pause stock market rally," Wilson said in an interview with Bloomberg TV on Thursday. That means the Nasdaq and other heavily-shorted stocks could be leading the new market rally, but investors are still in a bear market, even if gains last through December, Wilson warned. "This rally will go further and will probably drag people back into thinking that this bear market is over," he added.

☆ European Central Bank says bitcoin is on the 'road to irrelevance'
▼ + stars: | 2022-11-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a "road to irrelevance." "More likely, however, it is an artificially induced last gasp before the road to irrelevance — and this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000," they wrote. Bindseil and Schaff said that bitcoin didn't fit the mold of an investment and wasn't suitable as a means of payment, either. "Bitcoin's conceptual design and technological shortcomings make it questionable as a means of payment: real Bitcoin transactions are cumbersome, slow and expensive," they wrote. "Bitcoin has never been used to any significant extent for legal real-world transactions."

☆ Markets should brace for a period of central bank-induced turmoil before the Fed dials back on rate hikes, and stocks could soon retest recent lows, JPMorgan says
▼ + stars: | 2022-11-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks could be in for another bout of volatility before the Fed pivots from aggressive rate hikes, JPMorgan warned. That's because the Fed and other central banks could inject more volatility before backing down from raising rates. Stocks could retest recent lows in the first quarter of 2023, strategists predicted. Wharton professor Jeremy Siegel said the odds of a recession were "virtually 100%" if the Fed continued hiking rates into 2023. That would take the fed funds rate to a range of 4.25%-4.5%.

☆ The first quarter of 2023 will retest the lows, says iCapital's Anastasia Amoroso
▼ + stars: | 2022-11-29 | 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 EmailThe first quarter of 2023 will retest the lows, says iCapital's Anastasia AmorosoAnastasia Amoroso, iCapital chief investment officer, joins 'Closing Bell: Overtime' to discuss the likelihood of a year-end rally and her market outlook for the first quarter of next year.

☆ The S&P 500 needs to clear 3 big hurdles to convince investors the bull market has returned, Bank of America says
▼ + stars: | 2022-11-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

ideThe S&P 500 has three technical levels to clear before signaling to investors that a new bull market is here, according to BofA. The bank said the S&P 500 holding support at 3,900 is a bullish sign that confirms its recent breakout. BofA analyst Stephen Suttmeier is monitoring three key technical levels that currently serve as an important resistance target for the S&P 500. If the market can clear these hurdles, it would be a signal to investors that a new bull market has arrived following a nearly year-long long cyclical bear market. The S&P 500 traded just above 3,950 in Monday's session.

☆ A veteran chartmaster expects the bear market to continue into 2023 after the latest rally fizzles — but these 4 types of stocks appear to be set up for strong gains next year
▼ + stars: | 2022-11-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

David Keller, StockCharts.comThe S&P 500 has pulled back from the critical technical resistance level of 4,000, Keller noted. A round number like that is not only seen as a significant milestone for psychological reasons, but it's also a key Fibonacci retracement level, Keller said. The S&P 500 will likely retest the 3,200 level at some point and will be hovering around current levels by the middle of next year, the veteran chartmaster said. It's currently at 24, down from 33.6 when the S&P 500 was at its mid-October lows. The S&P 500 can hit new highs and break the 5,000 mark by late 2023, Keller said, though he doubts a breakthrough will come any earlier than that.

In August, we spent a day driving around with Mr. Cook and his Tesla to assess the progress of this experimental technology. Tesla is driving But watch as the Tesla struggles to make sense of its environment, veering from the road into a motel parking lot. The experiences of beta testers like Mr. Cook are a window into the enormously ambitious and expensive bet that Tesla is making on self-driving technology. Guided by Tesla’s self-driving technology, the car drove along the river and over a bridge before reaching an intersection lined with trees. These companies are now preparing self-driving car services that will operate without backup drivers in places like San Francisco and Austin, Texas.

☆ Investors cheering the CPI-fueled rally are set to run into the reality of an incoming recession as the Fed overdoes it with rate hikes, BlackRock says
▼ + stars: | 2022-11-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Investors feeling good about the latest stock rally will soon be confronted with the reality of a recession, BlackRock said. But a Fed pause likely wouldn't result in the meaningful rally markets are hoping for, Ned Davis Research previously warned, and hopes that the Fed will pause rate hikes are "optimistic," BlackRock said. We expect the Fed to pause its sharp hikes only after having caused a recession and when confronted with the economic pain. Other market commentators have noted that stock market rallies this year have been fleeting, as companies continue to face headwinds from rate hikes, a soaring US dollar, and persistently high inflation. "We need to see stocks fall more or good news of easing inflation to turn positive on stocks," strategists said.

☆ 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.

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