Deep within the underbelly of the options world lies a threat to the stock-market calm that’s prevailed all year. While benchmark indexes just limped to one of their smallest weekly changes of 2023, intraday moves tell a different story. Up-and-down swings in the S&P 500 are the widest since June and double what they were … Read more
Morgan Stanley Calls Recent Long-Bond Woes a ‘Headscratcher’ Bloomberg Source link
Programming note: Money Stuff will be off tomorrow and next week, back on Aug. 21. Enjoy a week of low volatility. Unless you are Elon Musk, in which case, enjoy whatever crazy stuff you’re going to get up to. If you have a bunch of trees, and you chop them down to make paper or … Read more
NEW YORK (AP) — Stocks slipped Thursday as Wall Street’s red-hot rally for the year cooled a bit more. The S&P 500 fell 11.50, or 0.3%, to 4,501.89 for its third straight loss after setting a 16-month high. The Dow Jones Industrial Average dropped 66.63, or 0.2%, to 35,215.89, and the Nasdaq composite dipped 13.73, … Read more
Last year’s plunge in the S&P 500 made uber bear Mike Wilson the most celebrated stock forecaster on Wall Street. It’s a role he has failed to reprise in 2023. The chief US equity strategist for Morgan Stanley on Monday conceded that he stuck with the pessimism for too long amid a rebound that has … Read more
A worrisome thought for the stock faithful: You won’t have the bears to kick around anymore. Fresh off the strongest first half for the S&P 500 in five years, the rooting out of unbelievers has shown signs of picking up speed. A source of anxious buying when the tide turned upward, short sellers who came … Read more
As the trillion-dollar AI rally gathers pace, pity the humans on Wall Street trying to figure out this gravity-defying market. With the S&P 500 Index staging an improbable 16% advance this year, being both bearish and wrong is making life awkward for the people paid to predict where equities will go next. After being blindsided … Read more