BlackRock warns: 'Markets now accept rate cuts unlikely'
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Bullish flows continue but large profit levels may limit upside for stocks - Citi
May 31, 2023 6:17 AM EDTInvestors continue to add more risk to U.S. equities, according to Citi strategist Chris Montagu. Last week, during which the S&P 500 added 0.3%, bullish flows increased.
Nasdaq positioning is now at 3-year highs with elevated profit levels, Montagu notes. Tech stocks are surging amid AI-linked frenzy with Nasdaq... More
