Nine reasons for a stock market pullback from a Wells Fargo analyst

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

Wells Fargo Investment Institute CIO Darrell Cronk sees nine potential reasons for a U.S. market pullback ,— The U.S. economy seems to have lost momentum following a robust fourth quarter. Real consumer spending weakened in January, while the Institute for Supply Management manufacturing Purchasing Managers’ Index has been in contractionary territory for 16-stoaight …— The headline February Consumer Price Index ticked higher on a year over-year basis, while super-core inflation accelerated to 6.

“Global growth expectations for Fund Manager Survey respondents at a 2-year high as recession risks dissipate; FMS “risk appetite” highest since Nov’21; stock allocation at 2-year high; big rotation into Europe, EM, financials … bullish but not yet extreme bullish … 2/3 of respondents say recession “unlikely” in next 12 months; “soft” landing remains consensus at 62% probability, while 23% say “no” landing and 11% say “hard” landing ; EPS optimism at 2-year high and investor desire for...

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 31. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Wells Fargo downgrades Tesla stock: 'Growth company with no growth'Tesla (TSLA) has received a downgrade from Wells Fargo, with the firm lowering its rating from Equal Weight to Underweight. In addition, Wells Fargo has...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »