“With the S&P 500 rally now crossing the 20% threshold, more are declaring the bear market officially over. We respectfully disagree,” Mike Wilson wrote Monday, arguing corporate earnings are set to fall.
The once-hot Wall Street trades of 2023 are all falling apart, in a fresh blow to market pros blindsided again and again ever since the pandemic broke out.
Some $1.5 trillion in mortgages will come due in the next two years, a potential time bomb as higher interest rates push down property values.
“Sell in May and go away” is an old adage in the stock market, and it might be especially applicable this year. Markets have risen significantly of late, with the S&P 500 up about 16% from a low point in early October. The gains are driven by expectations the Federal Reserve will soon pause its interest rate increases as the rate of inflation has declined, providing less incentive for the central bank to rein in economic demand. Now, the market is running into a wall. The S&P 500, at just over…
5 signs that stocks and the U.S. economy face a rough summer.
Critical information for the U.S. trading day