Recession will not strike stocks despite ugly market

While retail investors head for the exits as stock prices fluctuate sharply, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession – particularly due to healthy credit markets and continued gains. “The path to higher [stock] prices really … Read more

Dow falls 300 points on Tuesday as the sell-off resumes on Wall Street

Stocks fell on Tuesday as investors returned to dumping stocks on fears of a recession following a brief sell-off reprieve. The Dow Jones Industrial Average fell 312 points, or 0.9%. The S&P 500 lost 1.8%, and the tech-heavy Nasdaq Composite dropped 3%. The selling was broad on Tuesday with 457 of the S&P 500 members … Read more

Treasury yields rise as inflation concerns linger

US Treasury yields rose on Monday morning as concerns about inflation and economic growth remained in focus for investors. The yield on the benchmark 10-year Treasury note climbed 4 basis points to 2,828% at 5:45 am ET. The yield on the 30-year Treasury bond moved 3 basis points higher to 3,027%. Yields move inversely to … Read more

Breaking down the market’s tumble into a bear market – and what comes next

The relentless sell-off in stocks started marking some grim milestones this past week. The S&P 500 briefly dipped on Friday into bear market territory, trading more than 20% below its January intraday record. There’s no official definition for a bear market, so investors will debate whether we are in one officially now or not. Many … Read more

Global 360: What will the US dollar do this week

The US dollar index fell sharply last week. The index has closed in red after having risen continuously over the last six weeks. It has closed the week at 103.03, down 1.47 per cent. A sharp fall in the US Treasury yields dragged the greenback lower last week. However, the downward reversal in the dollar … Read more

Breaking down the market’s tumble into a bear market – and what comes next

The relentless sell-off in stocks started marking some grim milestones this past week. The S&P 500 briefly dipped on Friday into bear market territory, trading more than 20% below its January intraday record. There’s no official definition for a bear market, so investors will debate whether we are in one officially now or not. Many … Read more

Stephen Roach gives stagflation warning, calls peak inflation absurd

Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the US is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not … Read more

Americans are likely facing a deeper-than-normal recession

Tolstoy famously wrote that all happy families resemble one another, but each unhappy family is unhappy in its own way. He might have said the same about unhappy economies – and added that there are all too many signs the US recession now in the works will likely be of the particularly unhappy kind. Among … Read more