Have stock investors reached the end of the road on what has been an 'extremely resilient' strategy up to now?
A risk-off Monday is brewing to start the week, with stock futures lower and the 10-year yield edging back toward 1.5%.
“Large-cap quality leadership since March is signaling what we believe is about to happen — decelerating growth and tightening financial conditions. The question for many investors now is whether the price action has already discounted these fundamental outcomes. The short answer, in our view, is no,” said Wilson, in a Sunday note to clients.
“After the Evergrande dip and rally, stocks have probed lower and taken out the prior lows, making this the first time that buying the dip hasn’t worked, simultaneously violating important technical support,” he said, providing the following chart. More Fed troubles? Vice Chair Richard Clarida traded stocks just ahead of a central bank statement about the pandemic, Bloomberg reported.
A Facebook FB, -4.81% whistleblower said the company prematurely switched off safeguards designed to stop political disinformation, after last year’s presidential election, paving the way for the deadly Capitol Hill riots in January.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CMA Awards Ban Morgan Wallen From Attending, Despite Album of the Year NominationShould Morgan Wallen’s Dangerous: The Double Album win album of the year at Nov. 10’s 55th annual CMA Awards in Nashville, the artist will not be allowed to accept the trophy.
Read more »
How to invest wisely in crypto and meme stocks: Two industry pros weigh inMark Hulbert, founder and president of the Hulbert Financial Digest, warns that 'stubborn bullishness' among investors vowing to buy the dip or 'hold on come...
Read more »
Apple iOS 15 Features 1 Outstanding Upgrade For iPhone UsersThe next Apple iPhone software lands on Monday, September 20. Here’s one of the upgrades I think is really worth having.
Read more »
Amazon Reveals Holiday Beauty Haul Savings EventHere’s everything you need to know about Amazon’s first beauty-specific shopping event.
Read more »
Missed out on Tesla? Wall Street analysts name their top EV stocks for this quarterThere are plenty of other electric vehicle stocks. Here, analysts from JPMorgan, Morgan Stanley and Bank of America name their favorites.
Read more »
Stanley Tucci says 'everything tasted like cardboard' during cancer treatmentDevil Wears Prada star Stanley Tucci revealed last month that he had battle cancer after doctors found a tumour on his tongue and he says there was 'no way I wasn’t going to make it'
Read more »