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%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

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...

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 31. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »