Wall Street ends higher as investors eye U.S. midterms

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Go back to Wall Street ends higher as investors eye U.S. midterms

JPMorgan's David Kelly says it's time to be overweight equities for long-term investors - BBG

November 9, 2022 10:35 AM EST

Talking to Bloomberg Surveillance about stocks and bonds Wednesday, JPMorgan Asset Management's David Kelly said now is the time to jump back in.

JPMorgan's chief global strategist anticipates that US equities will see an 8% long-term gain and also said bonds are now attractive, recommending investors have a strong fixed income... More

UBS targets 3900 for the S&P 500 at the end of 2023

November 8, 2022 10:03 AM EST

UBS analyst Keith Parker told investors in a note Tuesday that they are targeting 3900 for the S&P 500 at the end of 2023.

Parker said that with UBS economists forecasting a US recession for Q2-Q4 2023, the setup for 2023 "is essentially a race between easing inflation and financial conditions versus the coming hit to... More

Last week's outflows from Materials were largest ever - Bank of America

November 8, 2022 6:51 AM EST

Last week, when the S&P 500 fell by 3.3%, Bank of America saw an outflow of $4.8 billion among its equity clients, marking the largest weekly outflow since April last year.

The selling activity was mostly concentrated in single stocks while ETFs witnessed small outflows as well. Outflows over... More