Is the Stock Market Closed on Juneteenth?

US stock markets are closed to observe Juneteenth for the first time in history. The New York Stock Exchange and Nasdaq are shut today in observation of the newest federal holiday, adding it to the list of market holidays that also includes Thanksgiving Day and Christmas Day. Juneteenth—also known as Emancipation Day, Black Independence Day … Read more

Based on 19 bear markets in the last 140 years, here’s where the current downturn may end, says Bank of America

At nearly the halfway mark in a volatile year of trading, the S&P 500 index is down, but not out to the point of an official bear market yet. According to a widely followed definition, a bear market occurs when a market or security is down 20% or more from a recent high. The S&P … Read more

This market strategist says stocks could gain 8% to 15% from here — giving anxious investors a perfect opportunity to sell

The US stock market’s huge decline on May 5 actually boosts the odds of a strong rally beginning soon, even if it won’t kick off a new leg of the bull market. That’s according to Hayes Martin, president of advisory firm Market Extremes. Over the years I have reported on Martin’s predictions of market turning … Read more

As Dow sinks over 1,000 points, signs of panic-selling emerge in stock market

Panicky behavior was starting to set in on Wall Street on Thursday, at least from a technical perspective, as the Dow industrials shed all of the previous day’s dramatic gains, and then some. Trading in New York Stock Exchange–listed stocks at midday Thursday exhibited panic-like selling action as bullish investors suffered a powerful reversal of … Read more

‘Bubble stocks popped’ but it’s still not safe to buy them, says Ray Dalio, founder of world’s biggest hedge fund

A bubble has burst for emerging tech stocks, but that doesn’t mean its safe or smart to go long those names right now, warned billionaire investor Ray Dalio. Dalio, the founder and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, warned in January that emerging tech companies, including set-top box maker Roku … Read more

Stock market starts to price ‘rising risk of stagflation,’ says Research Affiliates CEO. Here’s how investors may be positioning.

Equity markets are starting to price “the rising risk of stagflation,” according to Research Affiliates chief executive officer Chris Brightman. “Investors are repositioning portfolios to protect the real value of their financial capital,” Brightman wrote in a Research Affiliates note this month. “Capital markets have panicked as investors try to anticipate how soon the Fed … Read more

Recession fears are growing. Is this weak stock market trying to tell us something?

Might recent stock market weakness be forecasting an economic recession? Up until last this week, few had given that possibility much credence. The market’s weakness — the S&P 500 SPX is down about 14% from its early-January 2022 all-time high, at last check — was caused by rising interest rates, the narrative went, and those … Read more

Asian markets mixed in light ‘Golden Week’ trading

Asian shares were mixed in light “Golden Week” trading with markets in China, Japan and some other countries closed for holidays. Investors were watching to see what the US Federal Reserve does as it accelerates efforts to curb inflation. The central bank is expected to raise short-term interest rates by double the usual amount when … Read more

Bond-market ‘wreckage’ in early 2022 unlikely to become the norm, says Nuveen CIO

It’s easy to feel queasy about leaps after a stunningly bad first quarter. A sharp rise in Treasury rates this year has been a massive drag on fixed income, with losses feeling even more acute when coupled with a stock-market rout that landed the S&P 500 index SPX, +0.57% back in correction territory on Friday … Read more

Citigroup Sales Hit European Stock Markets With ‘Flash Crash’

Several European stock markets suffered a “flash crash” on Monday morning following sell orders by Citigroup Inc., VS 1.04% according to people familiar with the matter. Trading was halted momentarily in several markets after major stock indexes plunged for a few minutes just before 10 am Central European time. Stocks in the Nordic region were … Read more