F2 second half

- A + A NEW YORK/BENGALURU (July 1): Wall Street started the second half of the year on a dull note on Friday, as investors worried over the risks to economic growth from the Federal Reserve's resolve to curb rising prices at all costs. As the era of cheap money draws to a close and a cycle of higher interest rates sets in, investors for much of the year have been selling equities, pushing the S&P 500 to close out its worst first six months since 1970 on Thursday. "The first half was really ugly. So expectations would be that we should settle up here," Joe Saluzzi, co-manager of trading at Themis Trading. "People are hoping we have a better second half but the proof is going to be in the numbers and the first thing they are going to look for is how bad are earnings going to be." There was more evidence on Friday that rising interest rates was hurting demand in the world's largest economy. Data showed a measure of new orders shrank for the first time in two … [Read more...] about Wall St begins second-half with losses on growth worries

Wall Street started the second half of the year on a dull note on Friday as investors worried over the risks to economic growth from the Federal Reserve's resolve to curb rising prices at all costs. As the era of cheap money draws to a close and a cycle of higher interest rates sets in, investors for much of the year have been selling equities, pushing the S&P 500 to close out its worst first six months since 1970 on Thursday. "The first half was really ugly. So expectations would be that we should settle up here," Joe Saluzzi, co-manager of trading at Themis Trading. "People are hoping we have a better second half but the proof is going to be in the numbers and the first thing they are going to look for is how bad are earnings going to be." There was more evidence on Friday that rising interest rates was hurting demand in the world's largest economy. Data showed a measure of new orders shrank for the first time in two years and manufacturing activity slowed more than … [Read more...] about Wall Street begins second-half with losses on growth worries

- A + A NEW YORK (July 2): The second half of the year started with gains in global stock indexes on Friday ahead of the long U.S. holiday weekend, while the 10-year Treasury yield fell the most since COVID-19 hit markets in March 2020. Copper prices slumped to their weakest in 17 months. Stocks were lower early in the New York session but rallied late to end higher. U.S. markets will be closed Monday for the U.S. Fourth of July holiday. "It's a Friday before a long weekend, so market movements can be somewhat exaggerated," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Cardillo said he expects stock market performance to improve overall in the second half of the year. "We're going to see more green days in the second half than we'll see red," Cardillo said. The U.S. benchmark S&P 500, which closed out its worst first-half since 1970 on Thursday, climbed 1.1%. MSCI's world stocks index, which on Thursday notched its … [Read more...] about Second half begins with rally in stocks, fall in yields

- A + A LONDON (July 1): The second half of the year started with another first class drubbing for global stock markets on Friday, as the recession concerns that have built in recent weeks also shoved oil and metals lower again. MSCI's world stocks index has had its worst start to a year since its 1990 creation over the last six months and a 1% early tumble in Europe and for Wall Street futures pointed to more pain ahead. Asia had thudded lower too with the heaviest fall in Taiwan, where the growth-sensitive benchmark index slid more than 3% to its lowest since late 2020. Japan's Nikkei fell 1.75%. The Australian and New Zealand dollars each fell 1% to two-year lows. Growth-sensitive copper was down 2.7% and heading for its forth straight weekly drop, while US Treasuries and German Bunds rallied in the bond markets. Natixis' Head of European Macro Research Dirk Schumacher said that while the region was not in recession yet, the worry was that it could get pushed … [Read more...] about Second half starts with a fresh drubbing for stocks

Share to Twitter Share to Linkedin Key Takeaways S&P 500 Down 21% in First Half Potential Signs of Easing Inflation Enjoy the Long Holiday Weekend Thank goodness that’s over. First half 2022 will go down as a period investors would just as soon forget. The S&P 500 closed the first six months of the year down 21%, the worst first half start to a year since 1970. Bonds didn’t fare much better and crypto, well, let’s just say it was ugly and leave it at that. As we kick off the second half of the year, there some potential reasons for optimism. I read a stat recently that said when the S&P 500 has fallen 15% or more in the first half of a year, something that has happened five times since 1932, it has posted an average gain of 24% in the second half of the year. This could be good news if recent signs that the worst of the inflationary pressures may have, at a minimum, stabilized. Consumer spending for May was up just 0.2%. … [Read more...] about A Rough First Half for Assets

- A + A NEW YORK (July 2): The U.S. stock market is reeling from its worst first half of any year since 1970, with investors girding for a series of potential flashpoints in July that may set Wall Street's course for the coming months. Second-quarter corporate earnings, hotly anticipated U.S. inflation data and the Federal Reserve’s monetary policy meeting are among potentially pivotal events after the S&P 500 fell 20.6% in the initial six months of 2022. For now, the mood on Wall Street is grim. Bonds, which investors count on to offset stock declines, have tumbled alongside equities, with the ICE BofA Treasury Index on pace for its worst year in the index's history. Some 90% of respondents in a recent Deutsche Bank survey expected a U.S. recession by the end of 2023. The key factor behind the turmoil in markets is the Fed, which has been rapidly tightening monetary policy to fight the highest inflation in decades following almost two years of emergency … [Read more...] about Investors brace for pivotal July after dismal first half

- A + A (July 3):  It’s been a chaotic, and costly, time for many investors. But 2022 is only half over and the stocks tale will probably have more twists and turns before the year is up. Coming off the worst first-half since 1970, US equities now face a triple whammy of sticky inflation, recession risks and the threat to corporate profits from sinking consumer confidence. After just about everyone on Wall Street got their 2022 predictions wrong, investors are now focused on a toxic mix that spells stagflation, as well as more damage to valuations. “The next 10% will probably be down from here, not up,” said Scott Ladner, chief investment officer at Horizon Investments. “A quick market bottom will need a turn in central bank policy, and we don’t think that’s a possibility in the next few months.” Indeed, the Federal Reserve is expected to go on hiking rates as it tries to tame inflation, rather than flush the market with cash like it did in 2008 and 2020 -- pretty … [Read more...] about The worst stock selloff in half a century might not be done yet

Sensex, Nifty, stock market news Benchmark stock indices lost nearly 9 percent in the first half the calendar year as Russsia’s invasion of Ukraine, inflation worries, faster policy tightening by central banks and fears of earnings downgrades spooked investors. The broader markets fared even worse. Under intense selling pressure, the Nifty Midcap 100 index fell 12 percent and the Smallcap 100 plunged 24 percent in the six months to June 30. The Nifty IT fell the most, by more than 26 percent, as fears of a recession in the US and Europe, the main markets for information technology firms, roiled their stocks. Realty was the second worst performer, down 20 percent, followed by Metal and Pharma, which fell 14 percent each. Bank, Infra, and Financial Services were also under pressure, losing 5-10 percent. "The current market scenario has played out broadly in line with our global inflections theme since mid-2021. The ferocity of the market correction since the start of 2022 … [Read more...] about Advance-decline ratio in favour of the bears in first half, 4 sectors outperform Nifty50

- A + A (July 1): US stocks slipped on Thursday, setting the Dow up for its worst first six months since 1962, on concerns that a dogged pursuit by central banks to tame inflation would hamper global economic growth. Fears over slowing growth and surging prices have rippled through markets, with recession worries taking center stage as monetary policymakers across the world look to aggressively raise borrowing costs. Federal Reserve Chair Jerome Powell on Wednesday vowed to not let the U.S. economy slip into a "higher inflation regime", even if it means raising interest rates to levels that put growth at risk. The tech-heavy Nasdaq Composite came off session lows but was still set for its largest declines ever for the first-half, while the benchmark S&P 500 tracked its biggest January-June percentage drop since 1970. All the three main indexes are on course to post their second straight quarterly declines for the first time since 2015. Fed policymakers in … [Read more...] about Wall St slides, Dow set for worst first-half since 1962

U.S. stocks slipped on Thursday, setting the Dow up for its worst first six months since 1962, on concerns that a dogged pursuit by central banks to tame inflation would hamper global economic growth. Fears over slowing growth and surging prices have rippled through markets, with recession worries taking center stage as monetary policymakers across the world look to aggressively raise borrowing costs. All the three main indexes are on course to post their second straight quarterly declines for the first time since 2015. Fed policymakers in recent days have set expectations for a second 75-basis points interest rate hike in July even as economic data painted a dour picture of the American consumer. Close "Until inflation meaningfully rolls over which at this point will take, I believe months, it's going to be hard for the market to really find a bottom and begin a rally," said Ross Mayfield, investment strategy analyst at Baird. Meanwhile, consumer spending, … [Read more...] about Wall Street slides, Dow set for worst first-half since 1962