Category: Selloff
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3 catalysts could spark a 10% sell-off in the stock market this summer, according to JPMorgan
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Leonardo Munoz/VIEWpress/Corbis via Getty Images The S&P 500 could fall by 10% during the summer months to 4,800 points, according to JP Morgan. The bank highlighted three catalysts that could lead to a decline. May’s jobs report may change the bearish narrative in the stock market. A 10% sell-off is…
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Asian Stocks Retreat as Bond Selloff Spreads: Markets Wrap
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(Bloomberg) — Stock and bond trading fell in Asia on Wednesday as traders weighed the impact of a jump in U.S. Treasury yields overnight and comments from the Federal Reserve chairman dampened bets on a Fed rate cut. Most read from Bloomberg The MSCI Asia-Pacific index fell for a second…
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BofA notes broad USD sell-off on positive US data By Investing.com
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Bank of America reported that investors sold the US dollar broadly last week, influenced by slightly positive economic indicators from the United States. The move came in response to somewhat encouraging US inflation data and lower-than-expected retail sales numbers. According to Bank of America, the US dollar sell-off has been…
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From a melt-up to a sell-off, the next 2 weeks will determine the stock market’s direction for the summer
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Getty Images/Brian R. Smith The next two weeks’ data will likely determine the direction of the stock market this summer, according to UBS. The upcoming release of April’s CPI report and Nvidia’s earnings report next week are critical, the bank said. “Inflation data and NVIDIA’s above-expected earnings could set the…