US stocks struggle for direction after strong durables data

US stocks struggled for direction Monday, trading near unchanged, investors weigh stronger-than-expected data on durable-goods orders after equities bounced last week on expectations a slowing economy could limit the magnitude of the Federal Reserve rate increases. What’s happening The Dow Jones Industrial Average DJIA, +0.15% was up 11 points, or less than 0.1%, up to … Read more

This ‘underappreciated’ black swan could bring fresh chaos to the global economy

New week, same bounce. Stock futures point to fresh gains as investors grow optimistic that a bond rout is ending, and the Fed’s rate-hike plans will get pruned due to a global slowdown. Of course, that optimism comes as discontent grows around the world from high commodity prices that have driven up food prices, crimped … Read more

Recession is challenging inflation as top fear among stock and bond investors

It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against high inflation. While inflation running at a 40-year high still sits near the top of the list of worries for many investors, another potential bugaboo … Read more

‘Cyccal growth’ could lead 10% ‘relief rally’ for S&P 500 this summer, says Stifel’s Barry Bannister

The beaten down US stock market is poised for a ‘relief rally’ this summer, with the S&P 500 potentially climbing 10%, according to Barry Bannister, chief equity strategist at Stifel. “We see a relief rally led by cyclical growth (mostly technology) to 4,150 for the S&P 500” this summer as oil prices decline and the … Read more

Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test

Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for banks in the Fed’s annual stress test, analysts at Jefferies and Citigroup said Friday. Also weighing in on the stress test, Morgan Stanley analyst Betsy Graseck cut her price targets for Bank of America Corp. … Read more

Here’s how much S&P 500 companies that make most of their money in US have outperformed their global-faced rivals

Multinational is one thing, but 2022 hasn’t been the year for stocks to have a truly international presence. According to analysis from Goldman Sachs, S&P 500 companies with high domestic sales exposure have been outperforming stocks with a high international sales by 9 percentage points. Granted, it isn’t a great performance, with the domestic basket … Read more

Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test

The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it passed its annual stress test of capital reserves. The Fed estimated $612 billion in losses potential for banks in its most severe economic scenario, and said … Read more

Crypto crash: forced selling cools down; correlation with equities back in focus

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

This star hedge-fund manager says some major tech names are now value plays, as he shorts one meme-stock favorite

Stocks are on the rebound again, at least that’s the vibe from futures. That’s a day after Federal Reserve Chair Jerome Powell confirmed to lawmakers, what markets already knew — that a soft economic landing might be tricky while taming the inflation beast. Along with average investors, hedge funds have had a rough start this … Read more

The US housing market is teetering on recession. Will the economy soon follow?

The last time the housing market suffered a major meltdown in 2006, it took the entire US economy with it. But history never follows the exact same script twice. The weakening housing market is undoubtedly going to hurt the economy. Single-family home construction fell to a 1 million annual pace rate in May from a … Read more