Conditions Are Ripe for a Deep Bear Market

Conditions Are Ripe for a Deep Bear Market

With the S&P 500 briefly on Friday down 20% from its January peak, it is very tempting to start trying to call the end of the selloff. The problem is that only one of the conditions for a rally is in place, that everyone’s scared. That worked beautifully for timing the start of the 2020 … Read more

Elon Musk called ESG a scam — did the Tesla chief do investors a favor?

Elon Musk called ESG a scam — did the Tesla chief do investors a favor?

Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market theme stirs “all the feels” quite like ESG. This week, a major move to cut Tesla from a closely followed environmental, social and governance (ESG) index brought anger and relief in nearly equal measure. Defiance … Read more

Nvidia’s data-center sales likely to eclipse gaming — that might not be a good thing

Nvidia’s data-center sales likely to eclipse gaming — that might not be a good thing

Nvidia Corp.’s data-center sales are expected to edge out its gaming sales in fiscal first-quarter results, as demand from server farms remains high and gaming interest has subsided from rabid levels earlier in the COVID-19 pandemic. Nvidia NVDA, -2.51% is scheduled to report financial results after the closing bell on Wednesday. Analysts surveyed by FactSet … Read more

S&P 500 Drops Into Bear-Market Territory; Stock Market Selloff Continues

S&P 500 Drops Into Bear-Market Territory;  Stock Market Selloff Continues

A weekslong selloff took on new intensity Friday, sending the S&P 500 tumbling into bear market territory for the first time since the pandemic-driven selloff of 2020. Stocks rose at the open, then reversed course, falling throughout the session. The S&P 500 slumped 1.8%, on track to close at least 20% below its January peak. … Read more

US Stock Market Turns Negative, Extending Recent Losses

US Stock Market Turns Negative, Extending Recent Losses

US stocks slipped Friday, extending recent losses that have major indexes on track for their longest streak of weekly declines in more than two decades. The Dow Jones Industrial Average declined 338 points, or 1.1%, while the Nasdaq Composite lost 1.3%. The S&P 500 fell 0.8% after narrowly avoiding entering a bear market, or a … Read more

The technician who called the 2020 market bottom says a ‘shocking rally’ is in store

The technician who called the 2020 market bottom says a ‘shocking rally’ is in store

It’s been a terrible week in an awful year for the stock market. Walmart WMT, -2.74%, Target TGT, -5.06%, and Tencent 700, +3.53% each reported disappointing results to add fuel to the worries about interest-rate hikes and quantitative tightening. Goal, Melvin Capital asidethere haven’t been signs of surrender. Over the last six weeks, equity redemptions … Read more

Selloff puts Dow, S&P 500 on cusp of bear market. History says more pain may lie ahead.

Selloff puts Dow, S&P 500 on cusp of bear market.  History says more pain may lie ahead.

History shows that when the S&P 500 enters a bear market, it tends to stay awhile. Back-to-back drops left the large-cap SPX benchmark, -0.58% down 18.7% from its Jan. 3 record finish on Thursday, closing at 3,900.97. A fall of 20% from a recent peak is the traditional definition of a bear market. That would … Read more

‘Nowhere to hide?’ Why stagflation fears put stocks on verge of a bear market

‘Nowhere to hide?’  Why stagflation fears put stocks on verge of a bear market

It will take more than Friday’s big bounce to put to rest the fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to get a grip on inflation without sinking the economy stokes fears of stagflation — a pernicious combination of slow economic growth and persistent inflation. Stagflation is “an … Read more

Stock Futures Fall on Inflation Data

Stock Futures Fall on Inflation Data

Stock futures gave up their gains Wednesday after fresh data showed inflation eased slightly in April. Futures for the S&P 500 slipped 0.6%, reversing a gain of more than 1% ahead of the release of the data. The index snapped a three-day losing streak Tuesday, hitting pause on a stretch of pressure that came as … Read more

US Stocks Turn Positive in Volatile Session

US Stocks Turn Positive in Volatile Session

US stocks swung between gains and losses on Tuesday as uncertainty over inflation, interest rates and the economy continued to weigh on the market. All three major indexes opened higher, with the technology-heavy Nasdaq Composite up 2.8% at one point. By late morning, stocks had mostly erased those gains and appeared on track to extend … Read more