Citi Strategists Say Traders Are Piling Up Short Bets on Stocks
Investor sentiment toward stocks is becoming more pessimistic as they build short bets in both US and European equity futures.
Investor sentiment toward stocks is becoming more pessimistic as they build short bets in both US and European equity futures.
Investors need to keep in mind that skeletons are there lurking in the corridors waiting to come out.
US consumers are still in a position of strength despite persistent inflation and other economic headwinds - BofA CEO Brian Moynihan said.
Consumer price increases have pulled back sharply but Fed Chair Powell says further declines to Fed’s 2% annual target may prove a tougher slog.
Jerome Powell calmed the horses, a bit. Essentially another couple of Fed rate hikes were probably needed to get across inflation fully.
Investors have little confidence in US stocks even after this month’s surge, fearing weak corporate earnings could drag them back down.
The markets are off to a rocking start this year, making this a bizarre time to be an investor.