As concerns over a looming recession push stocks to five-week lows, a growing rash of experts warn the volatility should only continue in the coming weeks, as uncertainty grows over the holidays and into the start of earnings season next month, when corporations are poised to reveal just how much the cooling economy has put a dent in corporate profits....
What follows may be worse: In a Tuesday note, Morgan Stanley analysts warned"the high risk" of an earnings recession could push the S&P 500 down to 3,000 points some time in the first quarter, erasing as much as 24% in value as the effects of aggressive Fed policyThe analysts believe companies will start cutting profit expectations during the fourth-quarter earnings season beginning in mid-January and running through February—ushering in the steep market decline as companies start...
Morgan Stanley's Katy Huberty acknowledges the call is"widely viewed as too aggressive" by other Wall Street analysts, but the investment bank also correctly predicted this year's bear market and holds a year-end price target of 3,900—roughly in line with current levels. "Things will get worse before they get better," says Bank of America analyst Savita Subramanian, positing the S&P will fall a less-severe 14% to 3,400 by next summer as corporate earnings fall between 10% to 15%.Thursday, with the Dow Jones Industrial Average at one point tumbling more than 900 points.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Joe is going to need much more paint in order to continue to paint his picture of an economy, inflation getting better. How much does it take before people realize how bad it is and how bad it’s going to get.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian Stock Market: US inflation-led relief jostles with pre-Fed anxiety, China concernsAsian Stock Market: US inflation-led relief jostles with pre-Fed anxiety, China concerns – by anilpanchal7 Asia RiskAppetite China Fed Inflation
Source: FXStreetNews - 🏆 14. / 72 Read more »
STOCK MARKET NEWS: Futures fall, ECB to raise rates, Musk sells Tesla sharesStocks fall on rate concerns, traders will study retail sales and jobless numbers. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. More interest hikes. Great! The country ruled by Godless Marxist Demoncrats must fall for people to repent! Elon uncovered massive fraud, corruption, government collusion at Twitter! Demand sale be voided and wealth returned!
Source: FoxBusiness - 🏆 458. / 53 Read more »
STOCK MARKET NEWS: Feds set to announce 7th rate hike, US lawmakers avert government shutdownFTX founder Sam Bankman-Fried charged, consumer price index inches up. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. verena_lyn The powers that be plan on crushing the economy any way possible so they can implement the Central Bank digital currency CBDC Then you'll need to be a good little SURF or they'll turn off your money. Ken Griffin sues the IRS is the funniest headline I’ve seen in a while
Source: FoxBusiness - 🏆 458. / 53 Read more »
SEC Proposes Rules That Would Squeeze Stock-Market MiddlemenRegulators are set to propose the biggest changes to U.S. stock-market rules since the mid-2000s, aiming to give small investors better prices on their trades. Removing PDT restrictions 🤣 If absolutely everyone isn't made whole, the systematic retribution will most likely be handed out in person to each and every one of these criminals at their homes for robbing from WeThePeople.... There will be a hefty price to pay... im guessing... imo Microbiology student MahsaMohammadi arrested and imprisoned 50 days ago by security forces. She has been charged with blasphemy “Cursing the Prophet' in a tweet. She is facing the risk of execution now. MahsaAmini
Source: WSJ - 🏆 98. / 63 Read more »
5 things to know before the stock market opens WednesdayHere are the most important news items that investors need to start their trading day. 1 crypto is open 24/7/365. Fvck Wednesday. APPL will buy TSLA soon Lol Avoid DNC at all costs
Source: CNBC - 🏆 12. / 72 Read more »
STOCK MARKET NEWS: Fed hikes rates, Powell talks inflation, Delta’s rosy outlook, FTX latestFederal Reserve meeting, Delta's rosy outlook, FTX fallout continues for crypto and Sam Bankman-Fried. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Tank? President Joe Biden’s administration on Thursday announced the infusion of nearly $36 billion to shore up a financially troubled union pension plan, preventing severe cuts to the retirement incomes of about 350,000 Teamster workers and retirees across the United States. Government should shut down it is the cause of the Fed raising rates. Why should they escape the pain they have caused? ugh! my mortgage has gone up crazy already ☺️
Source: FoxBusiness - 🏆 458. / 53 Read more »