Hedge funds have largely refrained from participating in the recent market rally following the unwinding of the yen carry trade over the past two weeks, according to a new analysis from Goldman Sachs’ prime brokerage division. Despite a strong rebound that has seen the Nasdaq 100 rise by 11% and...
Analysts are cautioning investors to expect heightened stock market volatility as the 2024 presidential election approaches on November 5. Although recent economic data suggests that the Federal Reserve might begin cutting interest rates, providing some relief to U.S. financial markets, the upcoming election season is likely to bring increased uncertainty....
Dennis DeBusschere, chief market strategist at 22V Research in New York, believes that the recent mini-crash has left markets needing “more consistent optimism” to regain momentum. He noted that although recent economic data has eased recession fears triggered by the last jobs report, it hasn’t been enough to spark a...
Strategist Warns of Fragile Market Ahead of Powell’s Jackson Hole Speech As Federal Reserve Chair Jerome Powell prepares for his highly anticipated speech at the Jackson Hole Economic Symposium on Friday, market watchers are expecting him to signal a potential rate cut in September. However, if Powell’s message deviates from...
Stocks Rally as Economic Data Eases Recession Fears The S&P 500 erased its August losses on Thursday, marking a sharp reversal after the index experienced its worst start to a month in eight years. By the close, the S&P 500 was up 0.4% for August, while the Nasdaq Composite was...
The S&P 500, Germany’s DAX, and Japan’s Nikkei 225 have all rebounded from their early August lows, a pattern that Christopher Watling, CEO and chief market strategist at Longview Economics, describes as classic pullback behavior. Watling explains that pullbacks typically unfold in three waves: an initial wave of selling, a...
