There’s a growing wall of worry developing for stocks to climb, says Deutsche Bank

Is Wall Street ready to break a five-session losing streak? Stock futures say yes, though, they’ve let us down before .That’s as September is so far shaping up just as many pundits predicted — dogged by seasonal weakness, plus the ongoing pandemic fallout.

But as Deutsche Bank strategist Jim Reid and research analyst Karthik Nagalingam, also pose the question : “Are too many expecting it will happen”? The bank’s chief strategist Binky Chadha last week warned of a “hard correction,” amid ever-rising valuations, amid caution from other big banks. Read: The $1 trillion that has flowed to global stocks in 2021 is bigger than the last 20 years combined

Apple AAPL, -3.31% may be hoping to turn the focus away from a heated legal battle to its annual fall event on Tuesday, where the iPhone 13 and other gadgets are expected to be revealed. Epic Games plans to appeal last week’s ruling that fell short of calling the tech giant’s App Store a monopoly. The maker of the Fortnite videogame achieved one court victory after a judge ruled that the iPhone maker can’t force developers to use its payments system.

The chart European gas futures have been tearing higher recently, due to shortages from Norway and Russia. Our chart of the day comes from Goldman Sachs, which warns of such a scenario repeating across global commodities, as investors remain underinvested.

AYA fintech network platform provides proprietary alpha stock signals and social finance tools for U.S. stocks such as Facebook, Apple, Microsoft, Google, Amazon, Nvidia, and Tesla (FAMGANT).

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Top Wall Street analysts remain bullish on these five stocksTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Chewy and Qualcomm. nikolamotor 👍 wow Why would you buy from chewy is you are prime member. You have to spend 49 dollars for free shipping. Bought for 2 dollars less and free shipping.
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Investors are expecting a pullback for stocks before year-end, Deutsche survey showsDeutsche Bank survey showed that 58% of respondents are expecting a correction between 5% and 10% before the new year. I call B.S.
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Asia-Pacific stocks set to dip following consecutive Wall Street lossesChinese economic data, including retail sales and industrial production for August, is set to be out this week. I don't know who's less credible these days, or business . I simple have more faith in Reuters these days. 👇👀
Source: CNBC - 🏆 12. / 72 Read more »

MIDEAST STOCKS Major Gulf bourses in the red, Abu Dhabi index below record peakMajor stock markets in the Gulf fell in early trade on Sunday in response to Friday's slide on Wall Street, with the Abu Dhabi index easing from the previous session's record highs. Stocks cannot be stocked for survival purposes. Finance is a ridiculous toxic bubble, a parasite worse than Covid. Sadly, only the scorched earth tactic may work against capitalists destroying our climate and nature with oil and gas.
Source: Reuters - 🏆 2. / 97 Read more »