S&P 500 ends slightly lower after jobs report
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- Tech selloff weighs down Wall Street as bond yields climb
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- Nvidia or Sandisk? BofA reveals which stock is under-owned and which is crowded
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- Citi says positioning risk is shifting from short squeezes to profit-taking
- Wall Street indexes slip as oil prices rise, retail results awaited
- Micron rises as White House presses Apple to avoid Chinese memory chips
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Signals suggest inflation is peaking - Berenberg
December 2, 2022 10:36 AM ESTBerenberg analyst Jonathan Stubbs told investors in a note on Friday that signals suggest inflation is peaking.
He explained that the firm analyse the inflation rates in the 40 largest economies around the world, with the median inflation (CPI) rate currently 10%, the "highest level since 1982 on this basis and compares to 1.7% at the start of 2021."
"The world is experiencing a sharp inflationary shock for a variety of reasons.... More
We are selling risk rallies - Bank of America's Hartnett
December 2, 2022 8:44 AM ESTMichael Hartnett, Chief Investment Strategist at Bank of America, has reiterated his bearish position and the view that equities have some unfinished business at levels much lower than here.
The inflation shock is over, claims Hartnett, rates shock is close to done but rates shock & recession shock for Main St just... More
