The S&P 500 could see a 10% drop in the second half, according to Stifel’s chief stock strategist.MicroStockHub/Getty Images The S&P 500 could see a 10% pullback, Stifel’s Barry Bannister said. That’s because the benchmark index looks overvalued, according to several metrics. The economic outlook also looks precarious, given stubborn inflation and slowing growth. The […]
REUTERS/ Daniel Munoz The stock market is headed for a 10% decline over the next quarter, Stifel analysts warned. That’s because “moderate stagflation” will take Fed rate cuts off the table, the firm said. Prices have remained stubbornly high while economic growth is slowing. The stock market is headed for a sell-off in the coming […]
Crypto markets are in the red amid renewed fears of U.S. stagflation, a worst-case scenario for risk assets. Bitcoin {{BTC}}, the leading cryptocurrency by market value, traded near $62,400 at press time, down 2.5% on a 24-hour basis, according to CoinDesk Indices data. Ether {{ETH}} traded 3% lower at $3,200, and the CoinDesk 20 (CD20), […]
There’s been a steady drumbeat of concerns about stagflation as recent data showed economic growth slowing sharply and inflation picking up. Now, Wall Street can’t ignore that unpleasant subject as its presence is starting to be felt on financial markets, especially in bonds. “I think what we’re seeing here is I’m starting to get whiffs […]
The U.S. economy might be out of the frying pan and into the fire. After months—even years—of planning for a recession, the country may find itself facing a different sort of calamity: stagflation. A new report released yesterday by the Commerce Department showed GDP growth slowing sharply, while certain inflation metrics crept up, leaving Wall […]
For the past few years, the US economy has been growing at a pace that seemed too good to be true. So, at first glance, Thursday’s gross domestic product report showing the US economy grew at an annualized rate of 1.6% in the first quarter of this year versus the 3.4% rate in the fourth […]
US Federal Reserve Board Chairman Jerome Powell.Anna Moneymaker/Getty Images The first-quarter GDP report surprised investors with disappointing growth, while consumer prices kept rising. The provides the backdrop for stagflation, which can’t be combated with rate cuts. The 1970s offer a warning of what could happen if inflation spirals out of control. The latest GDP and […]
U.S. stocks smashed a new record high last week, but the rally may not last for long thanks to heightened risks that the economy returns to a 1970s-style stagflation scenario, according to JPMorgan Chase strategists. In an analyst note to clients, the bank’s chief market strategist Marko Kolanovic warned that the economy may turn away […]
There’s a 50-50 chance stocks could lose as much as 30% in the next two years, Smead Capital’s CEO warned.Getty Images JPMorgan warned that today’s economic situation could shift towards 1970s-era stagflation, characterized by high inflation and low growth. Such a situation would drive investors away from stocks towards fixed-income assets offering higher returns. JPMorgan […]