Stocks bounce may prove premature, warns Perpetual

P 500 fell 2.1 per cent on Monday, its worst session in more than two months, as investors braced for Fed chairmanThings haven’t fared much better locally: the SMr Pezzullo put July’s stunning comeback down to a “bad news is good news” mentality, whereby rising expectations of recession mean that central banks will need to cut interest rates again.

He also bought into the sell-off in BHP Group, which now represents Perpetual Equity Investment Company’s largest holding. He also likes copper miner 29Metals, which benefited fromIn financials, the LIC is putting stock in the insurance sector rebound, noting the tightening cycle in premiums.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sweet releaf: price of lettuce drops as Australian produce stocks bounce backGrowers’ recovery from floods boosts vegetable availability at supermarkets with prices to ease further into spring and summer What we win on lettuce we use on fuel duty. I suspect the average Aussie household spends a bit more each week on fuel than on lettuce 99 cents at my local green grocer. Supermarkets are a rip off.
Source: GuardianAus - 🏆 1. / 98 Read more »

Why the market’s relief rally looks like it’s overStrategists have warned that the bounceback in shares over recent weeks was a bear market rally and a more sustained downtrend may have resumed.
Source: FinancialReview - 🏆 2. / 90 Read more »

Why the market’s relief rally looks like it’s overStrategists have warned that the bounceback in shares over recent weeks was a bear market rally and a more sustained downtrend may have resumed.
Source: FinancialReview - 🏆 2. / 90 Read more »