The month of March is winding down in a not-too-shabby fashion as the banking mess seems calmer for now. After an ugly February, the S&P 500 SPX is set for a 1.4% gain, while the Nasdaq Composite poised to bounce 4%.
“This is an area that investors have been shying away from for over a decade, yet every month this year, international stocks have outperformed U.S. stocks through the fears of recession in January, to the overheating and inflation worries of February to the financial crisis of March,” Kleintop told MarketWatch in an interview on Wednesday.
As for Wall Street, the strategist is wary about more volatility to come this year. Like others, he’s worried about the U.S. commercial real-estate sector, which could be complicated especially given lending seen by smaller banks. The markets Stock futures ES00 YM00 NQ00 are pushing to three-week highs, with bond yields TMUBMUSD10Y TMUBMUSD02Y edging higher and the dollar DXY down. Oil CL00 is up nearly 1%.
Foreign currencies tend to depreciate vis-a-vis the dollar, so you may lose on the exchange rate when you cash in your international stocks.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street elite investors will profit from banking crisis, stock market chaosWall Street’s sharks are circling and investors who thrive on uncertainty are ready to make a killing. lopezlinette breaks down how the chaos from the banking crisis is giving some of Wall Street’s sharpest minds the chance to rake in a lot of money. ⬇️ The pandemic era was a boom time for the market, and these are the kinds of mistakes that come to light as boom times end. 💸 When the Fed hiked interest rates to 4.75% from 0% over the course of a year, the rules of money changed. lopezlinette Hi sir, I hope you'll be fine. I want to talk about the paid guest post or article for publishing on your website. I know there would be an editorial fee and I am ready to pay. Kindly reply or give the contact information of your editorial team. Thanks Regards lopezlinette The article states that the initial FDIC insurance was set at $100,000 in 1933. That’s incorrect. The initial cap was $2,500 in 1933. It wasn’t raised to $100,000 until 1980. You should correct this error.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wall Street elite investors will profit from banking crisis, stock market chaosInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: Reuters - 🏆 2. / 97 Read more »