Daily News

Source: BNN Bloomberg September 06, 2022

BofA sees cracks finally forming in traders' S&P 500 bearishness

Market optimists, rejoice. Dip buyers haven’t completely abandoned the US stock market, judging by at least one technical lens.  Bank of America Corp.’s so-called sell-side indicator ticked higher in August for the first time since October 2021. The gauge...

Source: BNN Bloomberg September 06, 2022

U.S. stocks suffer third weekly loss on rate-hike woes

US stocks suffered a third weekly loss after jobs data did little to alter views on the Federal Reserve’s next policy move. The S&P 500 contended with its longest weekly losing streak since mid-June, as the central bank’s hawkish chorus grew louder in rece...

Source: BNN Bloomberg September 06, 2022

Brace for 'recession shock' as outflows rock equities: Bank of America

Investors bracing for a recession jolt accelerated their retreat from stocks after the Federal Reserve warned it won’t be easily deterred in its fight against inflation, Bank of America Corp. strategists say. Global equity funds had outflows of US$9.4 bill...

Source: BNN Bloomberg September 06, 2022

S&P/TSX composite snaps five-day losing streak; U.S. markets decline

Canada's main stock index snapped a five-day losing streak Friday, led by gains in the energy and mining sectors. The S&P/TSX composite index closed up 128.13 points at 19,270.85, bringing an end to the sell-off that began last week when Federal Reserve Ch...

Market Call Source: BNN Bloomberg September 06, 2022

Rick Rule's Top Picks: September 2, 2022

Rick Rule, president and CEO, Rule Investment Media LLC FOCUS: Natural resource stocks MARKET OUTLOOK: Resource markets continue to be very soft, providing opportunities for value-oriented resource investors and speculators. Increasing nominal inte...

Source: BNN Bloomberg September 06, 2022

Bitcoin dips below US$20,000 for a sixth session as 'fear' sets in

Bitcoin fell below US$20,000 for a sixth consecutive trading session, the longest stretch of days that it has dipped under that closely-watch level since the crypto market was rocked by turmoil in July.  The largest cryptocurrency by market value declined...

Source: BNN Bloomberg September 06, 2022

Global bonds tumble into their first bear market in a generation

Under pressure from central bankers determined to quash inflation even at the cost of a recession, global bonds slumped into their first bear market in a generation. The Bloomberg Global Aggregate Total Return Index of government and investment-grade corpo...

Source: BNN Bloomberg September 06, 2022

Retail trading army seeing power wane in market it once ruled

Small-fry investors are still screwing up the courage to buy every dip. Yet their success as a self-fulfilling force is dissipating due to the influence of big money managers who are cutting risk at every opportunity. The do-it-yourself crowd bought a net...

Source: BNN Bloomberg September 06, 2022

Browbeaten U.S. stock bulls wilt in the face of rising Fed hostility

In retrospect, bulls should maybe have been more worried that one of the most reliable tools the Federal Reserve has for subduing inflation is to scare the US equity market. They’re getting the message now. Its hands tied when it comes to unwinding supply...

Source: BNN Bloomberg August 31, 2022

Credit Suisse slashes global equities call, warns of pain ahead

Credit Suisse Group AG recommended investors to go underweight global equities following the Jackson Hole symposium, where central bankers doubled down on their bid to tame inflation through higher interest rates.   The argument for an early dovish pivot b...