CNBC Daily Open: Could the market bears be right?

' Scott Rubner's words, "positioning and sentiment … is Euphoric.") But Kolanovic is skeptical that hoped-for outcome will happen. Instead, the bank "anticipat[es] the inflation decline to prove incomplete, leaving restrictive policies in place that should increase private sector vulnerabilities and end the global expansion," Kolanovic wrote.

It's a warning echoed by Adam Phillips, managing director at EP Wealth Advisors. "We've seen progress, that's all well and good, but let's not celebrate just yet," he said, pointing out that gas prices are at monthlong highs, which might cause prices to rise again. Even Rubner, not a typical market bear, acknowledged the inescapable pull of gravity. "I am so bullish, that I am actually bearish now for August. I am looking for a small-ish equity market correction in August," he said in a Monday note.

Movements of major indexes back those analysts' comments. The S&P fell 0.27% and the Nasdaq Composite slid 0.43%. But the Dow Jones Industrial Average eked out a 0.2% gain and even touched its highest level since February 2022 during the session. Separately, U.S. manufacturing activity in July contracted for a ninth straight month, according to the ISM manufacturing Purchasing Managers' Index. Employment vacancies in June

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

CNBC Daily Open: Market bears refuse to concedeDespite the S&P 500’s five-month rally, some market bears refuse to concede. And numbers yesterday might back them up.
La source: CNBC - 🏆 12. / 72 Lire la suite »

CNBC Daily Open: July was great for stocks — and oilTraders think that scenario is looking increasingly likely. Stocks had a great July and the optimism extended to the commodities market.
La source: CNBC - 🏆 12. / 72 Lire la suite »

CNBC Daily Open: Oil joined the July stocks rallyTraders think that scenario is looking increasingly likely. Stocks had a great July and the optimism extended to the commodities market.
La source: CNBC - 🏆 12. / 72 Lire la suite »

CNBC's top 200 global fintech companies: The complete listFrom China's Ant Group to Sweden's Klarna, here is the complete list of the world's top 200 fintech companies.
La source: CNBC - 🏆 12. / 72 Lire la suite »