As the baby boomer generation approaches retirement, a note of caution arises concerning their stock holdings. Presently, a significant 37% of baby boomers maintain a higher level of equity holdings than advised by Fidelity Investments for their life stage. This insight comes from Mike Shamrell, Fidelity’s Vice President of Thought...
A seasoned strategist whose accurate prediction of the 2023 market rally garnered attention now envisions a period of stagnation for stocks throughout the remaining course of this year and possibly extending into 2024. This foresight is rooted in the belief that corporate earnings growth will fall short of the exceedingly...
In the face of numerous gloomy forecasts, stocks have shown remarkable resilience this year, steadfastly forging ahead. Even amidst a recent 2% dip, the S&P 500 has surged more than 17% throughout 2023. This upward trajectory has weathered challenges such as surging interest rates, dwindling earnings, the prolonged Ukrainian conflict,...
The U.S. stock index futures fell on Tuesday, reflecting a cautious market sentiment following the release of underwhelming Chinese international trade figures for July. Bank stocks grabbed attention after Moody’s Investor Service announced that it was considering downgrading its credit ratings for six significant U.S. banks. How are stock-index futures...
In the current dynamic market scenario, the S&P 500 is cautiously approaching pivotal support levels, while the energy sector readies itself to step up as momentum wanes in the tech arena. These insightful observations come courtesy of Jonathan Krinsky, the chief market technician at BTIG, who shared his analysis with...
Stocks have surged to unprecedented heights, prompting a reassessment of S&P 500 targets by Wall Street. However, exercising caution and resisting the allure of hype is prudent. At the onset of the week, several strategists recalibrated their S&P 500 projections. Citigroup adjusted its mid-2024 estimate from 4400 to 5000, while...
