As 2022 winds down and investors reflect on a horrendous year, they can take some comfort in the fact that the big guys had their share of misses. Among them is Harris Kupperman, the president of hedge fund Praetorian Capital, who recently blogged about his 2022 calls he nailed — a selloff of big tech … Read more
U.S. stock futures rose Monday night, ahead of the final trading week of 2022. Dow Jones Industrial Average futures YM00, +0.51% gained more than 150 points, or 0.5%, as of 11 p.m. Eastern. S&P 500 futures ES00, +0.65% and Nasdaq-100 futures NQ00, +0.80% were also logging solid gains, indicating positive market moves when regular trading … Read more
U.S. stock-index futures sank Sunday night, indicating possible losses on Wall Street on Monday, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures YM00, -0.47% were down more than 150 points, or 0.5%, as of 11:30 p.m. Eastern, above their session … Read more
Slower, but higher rates and no pivot this side of Christmas. That was the message from Fed Chairman Jerome Powell after the central bank’s fourth-straight jumbo hike. Bruised investors look ready to keep selling stocks on Thursday as yields tear higher. Not everyone agrees with Powell. “The Fed is making a huge policy error, and they will manage to break … Read more
Thursday’s dramatic spike doesn’t necessarily show that the stock market is about to bottom, but it does confirm that investors are so pessimistic that there isn’t a huge hurdle to overcome to turn things around. That’s one way to look at what is at stake from this week’s earnings from the likes of Netflix NFLX, … Read more
U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears. After falling nearly 200 points earlier in the session, Dow Jones Industrial Average futures YM00, -0.42% were down about 150 points, or 0.5%, around midnight Eastern, … Read more
Ahead of that, stock futures are falling after Ford warned on high supply costs, on the heels of FedEx’s FDX, +1.17% profit caution last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation, alongside a brutal war in Europe. … Read more
Technical analysts are warning that markets are poised to retest June lows, with 3,640 on the S&P 500 SPX, -0.72% in the spotlight. “Investors have become much less comfortable with this tighter liquidity environment, with many realizing it will stay in place for a much longer period of time than initially expected, which ultimately leads … Read more
Goodbye, summer bounce. The S&P 500 finished Friday below a crucial chart support level that’s served as a battleground in recent years, leading technical analysts to warn of a potential test of the stock market’s June lows. “Over the last three years, the level on the [S&P 500] with the most amount of volume traded … Read more
After that CPI shock earlier in the week, Wall Street is bracing for a fresh batch of data including retail sales, on Thursday, with a deepening yield curve inversion between 2- and 10-year bonds giving off ever gloomier economic signals. There’s good news though, as a disastrous rail strike may be averted. There’s no cheering … Read more