Thursday, July 29

stock markets

50-DMA, Bear Market, Markets, MI Exclusive, moving average, s&p 500, stock markets, stock technicals, Stocks

Stock market technicals point to’near-term turmoil’ but not the start of a bear market, says CFRA

The number of stocks trading in uptrends has been shrinking. JOHANNES EISELE/AFP via Getty Images Technical indicators suggest US stocks are heading into a more challenging environment, CFRA says. Fewer stocks have been trading above their intermediate-term moving averages. Yet, it is unlikely that stocks are preparing to enter into a bear market. See more stories on Insider's business page. The US stock market has been steadily hitting record highs this year but some technical indicators suggest it's set to run into a more challenging and volatile period with fewer stocks sustaining an upward pace, according to research firm CFRA.Equities early Thursday were under pressure on a mix of concerns including worries about global economic growth with many countries battling the spr...
FP Investor, stock markets

Reflation angst spreads to stocks as yields slide

Breadcrumb Trail Links FP Investor Traders are getting edgy over whether the rapid spread of the Delta strain will knock back growth and prospects for central bank normalization Author of the article: Bloomberg News Andreea Papuc Publishing date: Jul 08, 2021 • 58 minutes ago • 2 minute read • Join the conversation Traders work on the floor of the New York Stock Exchange. Photo by Brendan McDermid/Reuters Article content US futures slumped with stocks amid growing anxiety that the spread of COVID-19 variants will upend growth expectations, undoing popular reflation trades. Bonds rallied. Advertisement This advertisement has not loaded yet, but your article continues below. Article content Contracts on the the the S&P 500 and Nasdaq 100 tu...
BlackRock Investment Institute, equity markets, European Stocks, Japanese Stocks, Markets, MI Exclusive, reopening stocks, stock markets, Tech stocks, US Stock Market, US stocks, Vaccinations

BlackRock cuts outlook for US stocks to neutral as the reopening trade shifts to Europe and Japan

The reopening of economies after the worst of COVID-19 should boost European and Japanese stocks this year. REUTERS/Charles Platiau BlackRock Investment Institute said Wednesday it has cut its outlook on US stocks to neutral from overweight. BlackRock's strategists upgrade European and Japanese stocks which they see benefitting from a wider reopening of economies from the COVID-19 crisis. Strategists remain overweight on US small-caps. See more stories on Insider's business page. BlackRock strategists have switched to a neutral stance on US stocks while upgrading their views on European and Japanese equities, which they see as growing beneficiaries from the further reopenings of economies shut down by the COVID-19 crisis. BlackRock Investment Institute outlined, among other i...
Markets, Markets and Economy, markets and the election, MI Exclusive, stock markets, Stocks, stocks and covid, stocks and the economy, ukmarketwrap

European stocks edge lower as investors eye the spread of the Delta variant, while China’s tech sector weighs regulatory scrutiny

LoadingSomething is loading. European markets opened mostly lower on Monday as the spread of the Delta variant had a dampening effect on some of the reopening bullishness, while US markets were closed, meaning trading volumes would likely be thinner. London's FTSE 100 fell 0.02%, the Euro Stoxx 50 fell 0.4%, and Frankfurt's DAX fell 0.5%.US markets were clos...
coronavirus, COVID-19, delta variant, Markets, MI Exclusive, stock markets, Stocks, stocks and covid, stocks and the economy, ukmarketwrap

US stocks hover near record highs at the start of the 2nd half of 2021, but the Delta variant knocks Asian equities and boosts the dollar

A stock trader claps at the end of trade at the New York Stock Exchange EMMANUEL DUNAND/AFP via Getty Images US stocks traded near record-highs on Thursday, while Asian markets dipped on worries over the Delta variant. But according to JPMorgan, the variant's spread doesn't pose a risk to the stock market. The S&P 500 recorded one of its strongest first-half performances in 23 years this year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks hovered near record-highs on the arrival of the second half of the year on Thursday, but investor sentiment that has been dampened by the spread of the Delta variant put Asian markets on a weaker footing.Futures on the Dow Jones, and Nasdaq rose between 0.2% and 0.4%, suggesting a higher start to tradin...
Federal Reserve, inflation, interest rates, interest rates rising, James Bullard, Markets, MI Exclusive, stock markets, Treasuries, ukmarketwrap

US stocks stabilize after Fed’s Bullard jolted markets last week by signalling a rate rise as early as 2022

Brendan McDermid/Reuters US futures recovered some losses after Federal Reserve official James Bullard said rates could rise by 2022. He said the Fed's hawkish tilt is only natural given inflation is stronger than anticipated. Bullard predicted inflation will run at 3% in 2021 and 2.5% in 2022, before trending back to the Fed's target of 2%. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US and European stocks recovered some losses on Monday after Federal Reserve official James Bullard indicated the central bank may need to raise rates in late 2022, as he said inflationary pressure is expected to pick up faster than previously anticipated.Futures on the Dow Jones, S&P 500, and Nasdaq rose 0.2%, suggesting a slightly higher start to trading later in ...
Donald Trump, Investing, Joe Biden, stock markets, US election, US elections

Taxes, energy, trade and Trump: A Canadian investor’s guide to the US election

Article content continued"There's bipartisan support for taking a harder line with China going forward so I don't think any shift from one party to another is going to change that," he said.Even with a Biden victory, Bandsma expects the US to come down hard on the ADRs and force some of them to delist if they do not comply with the US GAAP disclosure requirements. There may be a short-term negative effect for those stocks, but Bandsma simply expects them to start trading over-the-counter.What if the result is contested? Markets don't like uncertainty, Sun Life Global Investments chief investment officer Sadiq Adatia said, and there is perhaps no greater uncertainty than not knowing who the president of the US is going to be for several days, or even weeks. A contested result could lead ...
Investing, stock markets

S&P 500, Dow sink to lowest levels since late-September as virus cases surge

Article content continuedA spiralling pandemic and a failure to reach a deal on a fresh round of US fiscal stimulus before the Nov. 3 election have put the blue-chip Dow and the benchmark S&P 500 on track to erase their gains for October.With just six days to the election, Wall Street's fear gauge spiked to its highest level since July 15, also on concerns that a winner might not be declared the night of Nov. 3 due to a delay in counting the huge volume of mail-in ballots.Democratic challenger Biden leads President Donald Trump nationally by 10 percentage points, according to the Reuters/Ipsos poll, but the competition is tighter in swing states, which will decide the victor."The uncertainty of not knowing the direction we are heading is making investors step on the sidelines and wait f...
Investing, stock markets

Stocks halt losing streak as tech shares show resilience

Article content continued“Some money is being taken off the table pre-election, and as we approach elections in the next six weeks I think there will be more of this happening,” Saed Abukarsh, senior executive officer at Ark Capital Management Dubai Ltd., told Bloomberg Television. "We're now consolidating into a lower range in the S&P."Oil steadied after its biggest decline in almost two weeks on mounting worries over prolonged coronavirus restrictions and supply concerns.These are some of the main moves in markets:StocksThe Stoxx Europe 600 Index increased 0.7% as of 10:30 am London time.Futures on the S&P 500 Index advanced 0.1%.Nasdaq 100 Index futures climbed 0.5%.The MSCI Asia Pacific Index dipped 0.7%.CurrenciesThe Bloomberg Dollar Spot Index climbed 0.1%.Sterling strengthened 0....