Expert buy, hold and sell recommendations from our team of analysts.
Last week there was blood in the streets in the ‘town’ of New York as recession fears hit Wall Street, the Nasdaq in Times Square and stock markets of the world
The greatest lesson and insight from this week’s brutal market sell off (and then the rebound that produced the best day since November 2022 for the S&P 500) was the prevailing market belief that there’s another leg up for stocks.
With US recession fears now on the rise, it’s timely to say, ‘be careful of what you wish for’! Economists and market influencers have been wanting an economic slowdown in the US to see rate cuts happen to give another leg up for stocks, but have they wished too hard?
After a worrying week for stocks with a rotation out of big tech stocks that has sent stock prices earthward.
This week for stocks has been driven by rotation that’s raising the question: is this the start of a correction?
Friday on Wall Street confirmed what I’ve been expecting, with clear signs that the rally in stocks was broadening to other sectors. What was also heartening was the rise in the Nasdaq after a near 2% dumping on Thursday.
It’s fitting that on the week that the Yanks celebrate the ratification of the Declaration of Independence on 4 July 1776 that Wall Street celebrated with a winning week. And this comes as the Fed is being pressured to start cutting interest rates in September.
Two big pieces of news dominated stock prices on US stock market indexes. The first piece was economic data drops that are adding credibility to the news that US interest rates could take their first leg down in September.
Two big pieces of news dominated stock prices on US stock market indexes. The first piece was economic data drops that are adding credibility to the news that US interest rates could take their first leg down in September.
Friday night on Wall Street was negative but it’s more likely to be a consequence of profit-taking after a very positive week for the S&P 500 index — up 1.69%
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