Stock market recession 2008

Share to Twitter Share to Linkedin Topline The stock market has minted a stunning rally amid hopes that the worst of the Federal Reserve’s interest rate hikes has passed and inflation has cooled, but Bank of America analysts on Tuesday warned that prices remain too high and stocks still too expensive for the bear market to be over, at least according to one rule that’s held perfectly true in the past. Key Facts In a Tuesday note to clients, Bank of America analyst Savita Subramanian said a sustained bull market remains “unlikely” even though the S&P 500 has surged more than 16% to 4,262 points since hitting a low this year on June 16, the day after Fed officials authorized the biggest interest rate hike in 28 years to combat decades-high inflation. Subramanian and her team track a long list of indicators (Fed cutting rates, unemployment rising or markets rallying 5%) that help signal the start of a bull market, but so far just 30% of those … [Read more...] about Stock Market Crash Isn’t Over, According To Indicator With ‘Perfect’ Track Record

Make that four weeks in a row of gains for the U.S. stock market, as the rally has become undeniable. The S&P 500 and the Nasdaq both climbed more than 3% last week, with the the Dow up 2.9%. The S&P 500 has now climbed 15% from its lows in mid-June, while the Nasdaq has clawed back 20% since then. That could technically be described as a new bull market for the index. A 20% retracement from a recent low fits the bill—or the bull—but there are a lot of opinions about that. But we can't deny the strength of the rally, especially when we dig into the charts. The average stock in the Nasdaq Composite index is up 34% from its lows. Remember, just a few months ago, we were talking about the average Nasdaq stock being down 50% from its highs. The pendulum has swung back in a big way. Across the market, the breadth thrust has been pretty impressive. And no, that's not a swimming stroke. The breath trust indicator is a technical indicator used to ascertain market momentum … [Read more...] about Going Back to School with Stock Market Fundamentals

Share to Twitter Share to Linkedin Retirees are getting doubly squeezed by inflation and declines in their retirement savings; many pre-retirees are understandably worried as well. For many seniors, it’s a déjà vu from the 1960s and 1970s, when the United States experienced high inflation and stock market volatility. To address this issues and shore up your retirement finances, you’ll want to manage both sides of the “magic formula for retirement security”: I > E , or retirement income greater than your living expenses This means seeking ways to boost your retirement income, while also reducing or containing your living expenses. Let’s look at some strategies for each side of this formula. MORE FROM FORBES Retirees: Assess How Inflation And Stock Market Volatility Has Impacted Your Finances By Steve Vernon Boost your retirement income Stay the course with retirement investing. Throughout the past century, over long … [Read more...] about 9 Retirement Strategies To Protect Against Inflation And Stock Market Declines

Share to Twitter Share to Linkedin Topline With the S&P 500 surging 17% since a low point in mid-June, big names like Ford, Tesla and Netflix have been among the top gainers, while several energy and consumer stocks have slumped despite the broad stock market rebound in recent months. Key Facts The benchmark S&P 500 index has erased most of its losses from a brutal selloff in the first half of the year, jumping 17% since the market’s low point on June 16 and recently posting four straight weeks of gains. Stocks have rebounded in recent weeks thanks to growing optimism that inflation may have peaked after consumer prices cooled in July, adding to hopes that the Federal Reserve will scale back its aggressive rate-hiking campaign and tightening of monetary policy. The top-performing stocks in the S&P 500’s rally since June 16 are solar power components provider Enphase Energy and e-commerce company Etsy, rising 75% and 65% during … [Read more...] about Ford, Tesla And Netflix Are Among The Best-Performing Stocks During This Summer’s Massive Rally

The January effect was in full effect for the first month of 2019. After a punishing December, stocks rebounded in the first few weeks of January as signs of progress in the U.S.-China trade war appeared, the Federal Reserve adopted a more dovish tone on interest rates, and earnings season revealed that some companies and sectors have more-positive outlooks than expected. It was a month to remember: The S&P 500, up 7.8%, had its best January performance since 1987, and its biggest monthly gain since October 2015. The DJIA rose 7.17% in January, its largest one-month rise since 2015 and biggest January gain in 30 years. Crude oil prices had their best month on record, surging more than 19% after three straight months of losses. Output cuts and the chaos in Venezuela, had a lot to do with that performance. The U.S. added 304,000 jobs in January, blowing out expectations despite the shutdown. While stocks have rebounded, notably for U.S. companies and indexes, risks … [Read more...] about What to Expect for the Markets in February

A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,508.05 points on Thursday, down 8.42 points, or 0.33 percent, from the previous trading day. [YONHAP] Shares closed lower Thursday as investors digested Federal Reserve minutes that hinted at more aggressive interest rate hikes to temper inflation. The won fell against the dollar. The Kospi fell 8.42 points, or 0.33 percent, to close at 2,508.05 points. Trading volume was moderate at about 370.84 million shares worth 6.98 trillion won ($5.3 billion), with losers outnumbering gainers 542 to 301. Institutions sold a net 446 billion won worth of stocks, offsetting foreigner and individual combined purchases valued at 440 billion won. In the minutes released Wednesday, Fed policymakers projected the economy to expand in the second half of 2022 and made it clear that they intend to continue raising rates enough to cool the economy and combat inflation. The Fed raised its benchmark interest rate … [Read more...] about Stocks retreat as Fed minutes suggest more rate rises

Dogs Trust, which currently has 692 dogs needing homes in 21 centres across the country, said the last time it had seen anything like this was in the wake of the 2008 financial crash. (Representative image) Standing on her hind legs to greet any prospective owner who might approach her glass-doored kennel, Harriet is a black English cocker spaniel abandoned as a deepening cost-of-living crisis pushes growing numbers of Britons to part with their pets. She was found running along a busy road in London after witnesses saw her pushed out of a car and is one of 206 dogs and 164 cats currently being looked after at rehoming centres run by the Battersea animal charity. It is a similar story at other centres across the country – with some seeing record inquiries for dog and cat returns – as the tightest squeeze on living standards since at least the 1960s forces many owners to decide the additional cost of food plus hundreds of pounds in vet bills is no longer manageable. "We … [Read more...] about Cash-strapped Britons give up pets as country faces a long recession

Share to Twitter Share to Linkedin Topline Existing home sales fell for the sixth-straight month in July as rising affordability concerns sideline potential home buyers—and prices are finally starting to edge down from record highs amid the cooling demand, as experts project the next few months could be critical for the housing market. Key Facts Existing home sales slid 5.9% from June to a seasonally adjusted annual rate of 4.8 million in July, down from more than 6 million one year ago after widespread declines across the U.S., according to data released Thursday by the National Association of Realtors. In a statement, NAR chief economist Lawrence Yun said the ongoing decline in recent months reflects the impact of rising mortgage rates, which peaked at 6% in June and have driven up the cost of monthly payments on new mortgages by an average of hundreds of dollars each month. Amid the falling demand, the median existing home price fell … [Read more...] about Plunging Home Sales Push Prices Down From Record Highs—Here’s What Experts Predict As Housing Market Turmoil Continues

Share to Twitter Share to Linkedin Topline Despite falling mortgage rates providing some relief to potential home buyers, mortgage applications fell to the lowest level since the turn of the century last week—providing fresh evidence that the housing market downturn may have room to run as some experts worry about how the collapse will damage the broader economy. Key Facts Mortgage applications fell 2.3% from one week earlier, according to the latest data from the Mortgage Bankers Association, pushing overall applications to the lowest level since 2000 even as rates on the popular 30-year fixed mortgage slipped to a two-month low of less than 5.5%. In a statement, MBA’s Joel Kan said home buying applications continue to suffer from “rapidly drying up” demand as mortgage rates remain about two percentage points higher than one year ago—driving up the cost of monthly mortgage payments and making homes the least affordable they’ve been in 33 … [Read more...] about Mortgage Demand Falls To New 22-Year Low As Housing Market Fuels Recession Fears

Earlier this summer, Tesla announced its intention to split its stock—a surprise to many, since Tesla shares split just two years earlier . But shareholders obviously approved the additional split, as did Tesla’s board of directors, which officially okayed the 3-to-1 split on August 5. That split is now just a week away, but today is an important date for those hoping to benefit from it, too. Here are all the critical dates you need to know about Tesla’s upcoming stock split: advertisement Wednesday, August 17, 2022: Anyone wanting to receive two extra shares for each TSLA share they own needs to be a shareholder of record by this date. If you own TSLA shares on August 17, one week later you will receive two additional shares for each you own. Wednesday, August 24, 2022: One week after the shareholder of record cutoff is when TSLA shares actually split. After the stock market closes on August 24, TSLA shares will split 3-to-1, and by the next morning … [Read more...] about Tesla stock split: Date, day of record, and what happens next