S&P 500 Energy Sector Gains Favor, as Predicted by Oppenheimer’s Stoltzfus In the midst of recent turbulence in the U.S. stock market, Oppenheimer’s Chief Investment Strategist, John Stoltzfus, maintains his optimism about the S&P 500 hitting record highs this year. Back in late July, Stoltzfus boldly projected that the S&P...
Five percent is a relatively typical interest rate,” notes Michael Rosen, CIO at Angeles Investments. Throughout the year, consumer spending has defied expectations on Wall Street, maintaining stocks at near-record levels and preventing the U.S. economy from plunging into recession. This coming week, sentiment surrounding stocks may pivot on two...
A soaring stock market has propelled U.S. household wealth to a historic high, surpassing $154 trillion in the second quarter, according to data released by the Federal Reserve on Friday. This surge in wealth was bolstered by a rebound in property values and marked a significant increase from the $148.79...
U.S. stock market futures took a downward turn on Friday, concluding a challenging and shortened week with negative sentiment on Wall Street. Here’s a breakdown of the current situation: In the previous trading session, the Dow Jones Industrial Average (DJIA) managed to gain 58 points, representing a 0.2% increase, while...
The strengthening U.S. dollar has raised concerns both internationally and among investors worldwide. However, there is uncertainty regarding the ability of authorities to curb this ascent and its potential to adversely affect U.S. equities. Edward Moya, a senior market analyst at Oanda, expressed, “The rising value of the dollar is...
Barry Bannister Takes a Contrarian View on Stock Market Optimism. Barry Bannister, the chief equity strategist at Stifel, is offering a dissenting perspective amidst the prevailing bullish sentiment in the stock market. He believes that the S&P 500 index’s remarkable ascent is unlikely to culminate in a record high by...
