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The stock market faces a crucial test this week: 3 questions to determine the fate of the rally
There will be no rest this week for investors awaiting a major report on the state of the US job market, along with the biennial congressional testimony from Federal Reserve Chairman Jerome Powell. To complicate matters, investors will also be watching to see how stocks react to more attractive risk-free yields in the bond market […]
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Stocks post worst day of 2023 as rising interest rates contribute to ‘perfect storm’
Rising government bond yields finally appeared to be catching up with a previously resilient stock market on Tuesday, leading the Dow Jones Industrial Average and other major indices to pull off their worst day yet of 2023. “Returns are shooting all over the curve…This time around, it looks like market rates are catching up with […]
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Investors have pushed stocks into the death zone, Morgan Stanley’s Mike Wilson warns
What’s the best metaphor to describe the stock market, which has pushed the S&P 500 up 16% from its October low, and 6% this year? Morgan Stanley strategist Mike Wilson has turned to Jon Krakauer’s bestseller “Into Thin Air,” which details the deaths of 12 mountaineers trying to climb Mount Everest. The book delves into […]