S&P 500 Index

This contrarian investor gave a timely warning for the last big tech top. He now sees the biggest drop of this bear market dead ahead.

When can we truly say goodbye to this bear market? While Bank of America’s global fund managers are no longer “apocalyptically bearish,” some on Wall Street remain wary. add our call of the day to that last batch. It comes from True Contrarian blog and newsletter’s chief executive, Steven Jon Kaplan, who sees investors mired …

This contrarian investor gave a timely warning for the last big tech top. He now sees the biggest drop of this bear market dead ahead. Read More »

This rule with a perfect record says the market hasn’t bottomed, says Bank of America’s star analyst

Rules are there to be broken. That may be a standard mantra for anarchists. But for traders such thinking may prove to be dangerously dismissive. Investors therefore may like to consider the latest note from Bank of America’s Savita Subramanian in which the star analyst describes how “one rule with a perfect track record says …

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Did the stock market ‘misterpret’ Fed again? What strategists say about the reaction to the July minutes

Minutes from the Federal Reserve’s meeting in July — at which policy makers hiked the benchmark interest rate by 75 basis points, indicate stock-market participants were too quick to price in a “less hawkish” policy outlook, some strategists argued Wednesday. Federal Reserve officials in July agreed that it was necessary to move their benchmark interest …

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Stock-market rally faces key challenge at S&P 500’s 200-day moving average

Stocks have roared back from their mid-June lows but have run into stiff resistance at a key moving average for the S&P 500 — chart watchers say that failure to overcome it could spark a significant near-term giveback of recent gains and underline notions the summer rally is a bear market bounce. The S&P 500 …

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Wednesday’s market pullback is happening at the expected time and place

This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics. The strong but stretched rally is undergoing its first little pullback at exactly the expected time and place. Two months in from the lows, up 18%, at an extremely wide spread above the 50-day moving …

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How much money you’d have if you invested $1,000 a year ago

Target earnings missed the mark after delivery lower than expected profit for the second quarter of 2022. As of the open of trading on Aug. 17, 2022, Target shares hovered around $174 per share. That’s up from a price of about $149 per share at the close of trading a month ago, on July 18, …

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This market signal says a bottom is not in, Bank of America claims

Stocks still have further to fall, especially going off one key indicator, according to Savita Subramanian of Bank of America. The Rule of 20 is one of the signposts that Subramanian watches to gauge a market bottom. The rule, which is the sum of year over year consumer price inflation plus trailing price-to-earnings has been …

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Norway’s sovereign wealth fund loses $174 billion in first half

Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Kristian Helgesen/Bloomberg | Bloomberg | Getty Images Norway’s sovereign wealth fund, the largest in the world, had a loss of 1.68 trillion Norwegian kroner ($174 billion) in the first half of 2022, as stocks markets more broadly saw a tumultuous six months. The $1.3 …

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Bear market bottom or false dawn? Here’s what one strategist says

Major US indexes kept up their second-half bounce with another solid week of gains last week — sparking hope that the bear market might be at an end. But strategist Victoria Fernandez is not calling the bottom yet, as she continues to monitor several key indicators for signs that the market has bottomed. “We are …

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‘Zombie’ stocks AMC and GameStop could feel the cash burn, says New Constructs

Meme stock darlings AMC Entertainment Holdings Inc. and GameStop Corp. have been added to New Constructs’ list of “zombie” companies facing severe cash burn. “Breast stocks, which were hit particularly hard during the market selloff this year, are making a comeback in recent weeks as the market rebounds,” wrote New Constructs CEO David Trainer, in …

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