Wells Fargo’s Mayo Says It’s Time to End Detour in Bank Stocks
The “detour” is finally over for investors in bank stocks, said Wells Fargo & Co.’s Mike Mayo, after the group notched four-straight weeks of gains.
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Global Fund Managers Afraid to Miss Out on AI Frenzy, Survey Shows
Broad consensus from BofA's latest global survey of fund managers, which showed investors are “exclusively long” tech stocks amid the buzz around AI.
QT Will Soon Begin to Bite With 10% Hit to Liquidity, BNP Warns
The unwinding of balance sheets by major central banks will soon begin to bite, causing a massive siphoning of liquidity from markets.
Stocks Drop 20% If Bonds Have Inflation Right in JPMorgan Model
Widening disconnect between stocks and bonds suggests a 20% downside risk for equities if bonds are proved correct in pricing inflation volatility.
JPMorgan Grows Even Bigger as US Bank Giants Soak Up Assets
Goliaths of US banking are getting even bigger after a series of regional lender failures funneled assets into giants such as JPMorgan Chase & Co.
CEOs are Less Optimistic as They Pull Back Hiring Plans
CEO optimism dipping slightly as executives reduce hiring plans amid concerns about inflation, higher interest rates, and the broader global economy.
Wall Street’s Once-Hot Trades of 2023 Are Unraveling in Markets
Once-hot Wall Street trades of 2023 are all falling apart, in fresh blow to market pros blindsided again and again ever since the pandemic broke out.
