Here’s one for the battered bulls: The second-largest sector in the S&P 500 is coming to life, says this strategist.
“It’s the first time in a long time that the FOMC has had to make a real decision,” said JonesTrading chief strategist Michael O’Rourke, one of a handful of people urging the Fed to pause. “Remember, this banking crisis is the result of banks not properly preparing for a rate hike cycle. Another increase in […]
Why the stock market rally can continue, says Morgan Stanley strategist who only recently warned of a death zone.
Following last week’s rally, investors appear headed for the sidelines on Monday. Aside from a disappointing growth forecast out of China over the weekend driving oil prices higher, we have a sparse but solid lineup for the week with comments from Fed Chair Jerome Powell and a jobs update. Here’s Deutsche Bank, summarizing what’s at […]