The bull market for stocks may be old, but it’s not dead yet, say Citi strategists

We’ll know soon if the pullback in the U.S. manufacturing sector is poisoning the rest of the economy.

If the biggest threat to their call — a global recession — can be avoided, the S&P can reach 3,300 by the end of 2020, predicts a Citi team led by Robert Buckland. That’s just over a 14% gain from Wednesday’s close. Worrying factors for now, they say, include stretched corporate balance sheets and cyclically high profitability for companies. Another concern is an inverted U.S. yield-curve — when the yield on the 10-year Treasury note TMUBMUSD10Y, -4.28% is below that of the yield on the 2-year note TMUBMUSD02Y, -7.27% — because it has been a “good lead indicator of previous recessions,” the collapse of company earnings and global bear markets, they say.The market A third day of losses is building.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

In this unpredictable market, buy stock in spice and food giant McCormick, Jim Cramer says'As long as the market remains choppy, I think this stock is worth owning, and I like it even more after today's pullback,' Jim Cramer says. EatWithNia Jim Cramer has lost more investor money this year than any analysts. To make money you have to do to opposite of Jim Cramer investors investment advice
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Trump says 'impeachment nonsense' is driving the stock market lowerPresident Donald Trump on Wednesday blamed the recent stock-market sell-off on Democrats pushing for his impeachment. 🤣😂🤣😂🤣😂🤣😂🤣Trumpty Dumpty Bulshit. No doubt. Dems can't win with positive ideas. They don't have any. totally foolish, problem is only trade war
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »