The substantial growth in the stock market observed in the early portion of the year has now concluded. Investors should prepare themselves for reasonable returns from this point up until the end of 2023. Barry Bannister, the chief equity strategist at Stifel, alerted clients in a message on Thursday that...
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...
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...
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...
Exercise Caution”: Wall Street’s Esteemed Bull Hints at Potential Stock Market Sell-Off A potential storm may be brewing in the stock market, and one of Wall Street’s most respected figures is raising the alarm. Tom Lee, a renowned strategist from Fundstrat, known for his consistently optimistic outlook even in skeptical...
