BofA Survey Shows Full Investor Capitulation Amid Pessimism
Investors slashed their exposure to risk assets to levels not seen even during the global financial crisis, a sign of full capitulation.
Recent
Oil Rallies Above $100 With Saudis Circumspect About More Output
Oil resumed trading above $100 after the Saudis declined to make any promises regarding future output increases.
Banks Are Strong Financially. Why Earnings Don’t Reflect It.
Last year’s earnings were inflated as banks released billions of dollars they had earmarked for soured loans.
Ditch Risk Is the Second Half Mantra as Recession Spooks Traders
Global risk assets were at the epicenter of a selling spree Friday as investors kicked off the second half of the year.
JPMorgan Exits Nickel Saga as Tycoon Shrinks ‘Big Short’
JPMorgan Chase & Co. no longer has any exposure to the nickel bet that rocked global metals markets earlier this year.
Metals Haven’t Crashed This Hard Since the Great Recession
Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries.
Wall Street’s Classic Strategy Set for Worse Quarter Than 2008
Time-honored method of allocating 60% to equities and 40% to fixed income has plunged about 14% so far this quarter.
