Rising rents push US inflation higher; rate cuts still expected in 2024
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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
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
UBS cautious on cyclicals - Here's why
February 13, 2024 4:00 PM ESTUBS analysts said in a recent note that they are cautious about cyclical stocks, which are "pricing in a lot."
The firm stated that cyclicals (the aggregate of consumer and industrial cyclicals) "seem to be discounting a PMI of c57."
"This implies we are early cycle, but (very... More
Data points to continued economic momentum - BofA
February 13, 2024 1:00 PM ESTAnalysts at BofA believe the ES economy could be re-accelerating, saying in a recent note (before Tuesday's inflation data) that the January data flow generally points to continued economic momentum.
The January data was generally positive, pointing to upside risks to the bank's growth forecasts.
"From a bottom-up... More
Last week saw more record communication services inflows - BofA
February 13, 2024 9:27 AM ESTBofA analyst Jill Carey Hall said in her equity client flow trends note this week that there were more record inflows for communication services stocks.
The analyst revealed that amid continued upward revisions, strong earnings results and a surprise dividend announcement, communication services saw another week of record-breaking... More
