Fortunes for Mega- and Small-Cap Stocks Poised to Flip, Bank of America Says
The wind is about to shift for the US stock market, if history is any guide, says Bank of America Corp.
The wind is about to shift for the US stock market, if history is any guide, says Bank of America Corp.
The recent pullback in US stocks has further to go, according to Wall Street’s most bullish strategist.
After staving off recession for longer than many thought possible, the US consumer is finally about to crack.
As the odds of a recession collapse on Wall Street, markets are back to being vulnerable to any sign that the US economy is running too hot.
One of Wall Street’s biggest stock-market pessimists dialed back his bearish forecast for the S&P 500 Index.
ADP reported that 177,000 new workers were added last month, and on Friday the BLS reported 187,000 new hires.
The labor market is showing enough cracks to embolden some of the world’s largest bond investors to bet that the tightening cycle is finally ending.