Stocks could see a 10% correction by early October on a trifecta of bearish factors, strategist says
"There's still a little longer fuse on this correction that's likely to take place before we're done," Renaissance Macro's Jeff DeGraaf said.
"There's still a little longer fuse on this correction that's likely to take place before we're done," Renaissance Macro's Jeff DeGraaf said.
(Bloomberg) -- JPMorgan Chase & Co. abandoned its buy recommendation for Chinese stocks, citing heightened volatility around the upcoming US elections in addition to growth headwinds and tepid policy support. Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsChina was downgraded to neutral from overweight in the bank’s emerging markets allocation, strategists led by Pedro Marti
Shares Gained More Than 4% on Wednesday
Intel stock got hit by bad news on multiple fronts today.
Both stock and bond prices have risen this year.
The Federal Reserve Beige Book said economic growth was slowing in some places, but that labor markets remained stable.
(Bloomberg) -- China’s stock market is facing darker prospects after a weak earnings season dashed hopes for any imminent recovery in flagging consumption that has weighed on the world’s No. 2 economy.Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsEarnings per share for the MSCI China Index fell 4.5% from the year earlier in the second quarter, its worst in five quarters, ac
GE Vernova shares rose Wednesday as Jefferies analysts said the company is "uniquely positioned" to benefit from surging demand for power to operate projects like data centers.
Things are in flux, but there's a clear winner in this matchup.
The Wall Street Journal reported that Frontier Communications was in talks about a possible sale to Verizon, sending shares of the fiber network company flying.