Wall St Week Ahead 'Uncharted' sell-off in U.S. stocks has investors wondering when the pain stops

  • 📰 Reuters
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

A week of heavy selling has brought U.S. stocks and bonds to fresh bear market lows, with many investors bracing for more pain ahead.

Michael Hartnett, chief investment strategist at BofA Global Research, believes high inflation will likely push U.S. Treasury yields as high as 5% over the next five months, exacerbating the selloff in both stocks and bonds.

Goldman Sachs, meanwhile, cut its year-end target for the S&P 500 by 16% to 3,600 points from 4,300 points. The Cboe Volatility Index, known as Wall Street's fear gauge, on Friday shot above 30, it's highest point since late June but below the 37 average level that has marked crescendos of selling in past market declines since 1990.of $6.9 billion during the week to Wednesday, while $7.8 billion was removed from equity funds and investors plowed $30.3 billion into cash, BofA said in a research note citing EPFR data.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 2. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Amount of ‘HODLed’ Bitcoin hits a 5-year high amid heavy market volatilityInvestors are adopting different strategies to manage the ongoing Bitcoin (BTC) price correction amid expectations that the asset will rally... Continue reading
Källa: CryptoPanicCom - 🏆 563. / 51 Läs mer »