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 […]
(Bloomberg) — The S&P 500 Index could rally close to an additional 10% this year, if past market manias are any guide, according to Stifel, Nicolaus & Co. But like prior “bubble” episodes, this one eventually has to pop too, the firm’s chief equity strategist says. Most Read from Bloomberg Stifel’s Barry Bannister says the […]
Investors may be grousing at the highest interest rates in over two decades, but one economist says the Fed may not have raised rates enough—and we may be stuck with higher prices as a consequence. When the central bank stopped raising interest rates in July 2023 it may not have led to sufficient tightening in […]
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 […]
Traders work on the floor of the New York Stock Exchange August 13, 2015.REUTERS/Brendan McDermid The S&P 500 could fall around 500 points in a swift correction, Stifel strategists warned. The investment firm said falling inflation was a “pipe dream,” and Fed rate cuts could be delayed. Markets see just one or two rate cuts […]