BofA clients continue to buy US equities
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/9/2026
- Nasdaq rallies to sharply higher close; chip surge offsets Iran worries
- Software stocks slide as Starbucks builds AI tools to replace vendor software
- Applied Materials surges as CEO signals multi-year chip boom
- Oil prices settle 2% lower as economic worries outweigh supply risks
- Meta falls as massive AI infrastructure spending plans overshadow chip progress
- Morgan Stanley Reiterates Overweight Rating on Rocket Lab USA (RKLB), Bull Case Raised to $293
- GameStop stockholders approve share count increase to 2.5 billion
- Crude Inventory Rose 3 Million Barrels Last Week - EIA
- AI bubble fears mount as Zuckerberg admits agent delays and Burry shorts sector
- Meta falls as massive AI infrastructure spending plans overshadow chip progress
US equities bullish momentum fades - Citi
September 12, 2023 9:05 AM EDTNet positioning has gone from extended bullish in nearly all markets in early August to effectively neutral by mid-September, according to Citi analyst Chris Montagu.
In US equities specifically, the sell-off is characterized more by bullish momentum fading and investors reducing market exposure, Montagu told investors in a... More
Every 5th investor says US economy is headed for a hard landing - BofA survey
September 12, 2023 7:41 AM EDTAccording to Bank of Americas global fund manager survey (FMS), investor sentiment regarding financial markets is no longer extremely bearish, as reflected by a 17-month high in global equity allocation.
However, it has not yet turned bullish, with the FMS cash level increasing to 4.9%. There has been... More
Citi: U.S. economy to face recession in 2024
September 12, 2023 7:41 AM EDTInvesting.com -- The U.S. economy will likely slip into a recession in 2024, according to analysts at Citi, citing the historical precedent set by prior eras of high inflation and tight jobs markets.
Recent economic data suggest that the Federal Reserve's recent run of interest rate hikes have helped to cool the pace of price gains in the world's largest economy back... More
Stay defensively positioned, JPM's Kolanovic warns again
September 12, 2023 6:30 AM EDTJPMorgan Chase & Co.'s Marko Kolanovic has reiterated his bearish stance on the market once again, urging the banks clients to stay defensively positioned.
He also adjusted the bank's investment strategy in response to rising commodity prices and the potential threat of inflation. Along these lines, JPMs top quant reduced the allocation to government bonds from 3% to 2% and increased the cash allocation... More
'The Great Unwind' - Citi on Equity Markets Positioning
September 12, 2023 6:08 AM EDTCiti analyst Chris Montagu: "Net positioning has gone from extended bullish in nearly all markets in early August to effectively neutral by mid-September. In particular in US equities, the sell-off is characterized more by bullish momentum fading and investors reducing market exposure. For Europe the latest flows have been... More
