Bear market

Share to Twitter Share to Linkedin Topline Several Wall Street experts are warning that despite moving higher in recent weeks, the stock market still has further to fall—with recent gains likely to be nothing more than a “bear market rally,” as investor concerns about Fed rate hikes and slowing economic growth continue to weigh on markets. Key Facts Despite an earnings season marked by profit warnings from major companies, the stock market has risen significantly from its low point on June 16, with the S&P 500 gaining roughly 12% and rallying for the last three weeks in a row. With stocks starting to recover from a brutal selloff in the first half of the year, investors are now debating whether recent gains are merely a bear market rally—with stocks set to hit new lows—or the start of a new bull market. Analysts at Bank of America argue that it’s “premature to declare a ‘big low’ in the market,” predicting more downside ahead and … [Read more...] about Some Experts Are Warning Of A ‘Bear Market Rally’—Here’s Why Stocks Could Hit New Lows

The past few months have been a testing time for investors across the board, but particularly so for crypto investors . After a brief correction in early 2021, the crypto markets seemed poised for the moon. Bitcoin achieved a new all-time high of over $68,000 in November 2021, while overall crypto trading of $23 billion shattered all previous years' records. However, the sharp decline of crypto prices in January saw the market fall below $2 trillion , and the continuation of this decline began to hit companies with unsustainable business models. The first high-profile casualty was Terra's Luna stablecoin, beginning a domino-like series of implosions. With the market falling heavily across the board, people are naturally asking if crypto has finally come undone. A Market Opportunity Even the Incumbents Can't Ignore Is crypto dead? The short answer: Absolutely not. In fact, there has never been a better time to shape the future of crypto. … [Read more...] about In a Crypto Bear Market, Fortune Favors the Builders

US benchmark index S&P 500 closed its worst first half of a year since 1970 with a drop of 20.6 percent. The Nasdaq Composite finished the first half down 29.5 percent and notched its worst first-half performance on record. The MSCI global stock index was down 20.9 percent for the first half of 2022, its biggest first-half of a year percentage drop on record. Back home, markets are also grinding lower. The Nifty ended the month of June 5 percent lower and 9.4 percent lower for the quarter as FPIs continue to be sellers on almost all days. The Nifty has ended the third consecutive expiry in the red where it ended June series with the losses of 2.41 percent. The Nifty witnessed sharp sell off from the start of the June series and touched the low of 15183 level but towards the end Nifty recovered by almost 700 points. Most of the fall in the Nifty is contributed by metals, pharma and realty sectors which have fallen the most in June series. Bank Nifty, after its … [Read more...] about June Expiry Review | Markets set for a bounce from highly oversold levels

U.S. stocks found their footing last week, finishing up a July to remember. The Dow popped nearly 3% while the S&P added 4.3% last week and the Nasdaq Composite rose 4.7% for the month. For the month, the S&P 500 rallied 9.1% while the Nasdaq popped in a 12.3% gain, recording one of the strongest months in the index's history. If that was a bear trap , it wasn't very convincing, as nine out of the 11 sectors in the S&P 500 all posted gains. If you want to get technical about it, the major indexes all found support for the time being, and we're starting to see some true breadth thrusts playing out across the stock market. A breadth thrust, my friends, is not a fencing move. It's a technical indicator that flashes when a large percentage of stocks make new short-term highs, driving their moving averages higher, with more of those stocks advancing rather than declining. If we look back into the history of the S&P 500, every time we've seen a breath thrust this … [Read more...] about Examining the Health of the Stock Market with Dr. Ed Yardeni

RBI Governor Shaktikanta Das. (File photo) Dear Reader , A day before the monetary policy announcement, the yield on the 10-year bond fell sharply on a media report that the MPC would signal a pause after Friday’s hike. Thankfully, the MPC held firm, refusing to oblige the bond markets. Not only did it increase the repo rate by 50 basis points, but also the MPC signalled more rate hikes in future by refusing to tone down its ‘withdrawal of accommodation’ stance. Much is being made of the fact that the policy rate is now at the pre-pandemic level. At 5.4 percent, the repo rate is now back to where it was in September 2019. But that is n​o big deal. GDP growth was a measly 3.7 percent in 2019-20 compared to RBI’s projection of 7.2 percent in 2022-23; retail inflation was a much lower 4.8 percent in 2019-20, compared to a projected 6.7 percent for 2022-23; the current account deficit was a comfortable 0.9 percent of GDP in 2019-20 as against projections of around 3 percent … [Read more...] about Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot

- A + A KUALA LUMPUR (Aug 4): Geopolitical tension between China and the US is escalating after US House of Representatives Speaker Nancy Pelosi's visit to Taiwan. This is expected to trigger another round of trade sanctions between the two nations, which are likely to worsen current supply chain disruptions, in addition to renewed trade tensions, said fund managers and equity strategists. The semiconductor-related industry appears to be one that will bear the brunt of the rising geopolitical tension in Asia, as it chokes the global semiconductor supply chain. When contacted, Areca Capital Sdn Bhd Chief Executive Officer Danny Wong said should tensions over Pelosi’s trip to Taiwan escalate, this may further disrupt the fragile global chip supply chain. He is referring to the impact of the shipment and orders of the chip supply from Taiwan to the world. Notably, Taiwan is a dominant force when it comes to the world’s semiconductor supply, thanks to Taiwan … [Read more...] about Semiconductor industry bears the brunt of renewed trade tensions

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × It was yet another weak session for the market as participants maintained caution on Tuesday ahead of the major global event of the Federal Reserve policy meeting. The BSE Sensex fell nearly 500 points to 55,268 and the Nifty50 closed below 200 days exponential moving average (16,520), falling nearly 150 points to 16,484. All sectors witnessed selling pressure. Nifty IT was the biggest loser, down nearly 3 percent, followed by Auto, FMCG, Pharma and Realty indices which fell more than 1 percent each. The broader markets also joined bears' party as the Nifty Midcap 100 and Smallcap 100 indices were down 1.25 percent and 1.5 percent respectively on weak breadth. About three shares declined for every advancing share on the NSE. The volatility index India VIX increased further, up 2.77 … [Read more...] about Trade Spotlight | What should you do with Delta Corp, Bajaj Finserv, Sun TV Network on Wednesday?

This story is part of Fast Company’s Most Creative People in Business 2022 . Explore the full list of innovators who broke through this year—and had an impact on the world around us. advertisement advertisement While many businesses floundered during the pandemic, Big Tech thrived. Even as markets have entered bear market territory, large technology companies—including Apple, Microsoft, Amazon, Meta Platforms, and Alphabet—still account for nearly 20% of the S&P 500, a weighted index of the largest public players in the U.S. But stock market indices don’t begin to capture Big Tech’s influence—over culture, speech, business formation, and even democracy. And no one person is doing more to compel technology companies to take responsibility for their power than Margrethe Vestager, a Danish politician who has served as Europe’s commissioner for competition since 2014. Vestager first made international headlines in 2016 for handing Apple a $14.5 … [Read more...] about How Margrethe Vestager got the upper hand over Big Tech

- A + A (Aug 4): HSBC Bank Plc’s Max Kettner sees a painful end to this summer’s rally, and recommends abandoning equities and government bonds and hiding in cash on mounting risks to economic growth. “Market pricing of risk assets is now very much out of line with our cyclical growth indicators,” HSBC strategists led by Kettner said in a note on Thursday, adding that both bonds and stocks could come under renewed pressure. The strategy team at HSBC is moving to a “maximum underweight” across equities, high-yield credit and developed-market sovereign debt, and said “the only asset of choice” in the current environment is cash positions in US dollars. Within stocks, Kettner prefers value to growth, is underweight US equities the most among regions, and would look to buy developed-market government debt once valuation levels are more attractive. US equities posted their best month since 2020 in July after bond yields retreated, as investors were reassured by robust … [Read more...] about HSBC’s Kettner says it’s time to ditch stocks and hide in cash

- A + A NEW YORK/BENGALURU (Aug 4): The S&P 500 index was flat on Thursday, as losses in Apple and energy firms dampened the bullish sentiment that had fueled a rally in the previous session, with investors awaiting monthly jobs data for cues on the path of future interest rate hikes. Apple AAPL.O eighed the most on the benchmark index, shedding 0.3%, a day after surging 3.8%. The energy sector dipped 2.3%, tracking lower oil prices on fears of a slowdown in demand. After a dull start to August, Wall Street's main indexes rallied on Wednesday, as a slew of strong results from companies including PayPal Inc and CVS Health added to an upbeat sentiment about the second-quarter reporting season. "We are in this honeymoon period where past earnings have been good, including the ones just reported, and inflation looks like it is moderating," said Christopher Grisanti, chief equity strategist at MAI Capital Management. "The battle right now is how serious concerns … [Read more...] about S&P 500 flat as Apple, energy shares weigh