Year-end rally? Bullish stock-market pattern set to collide with stagflation fears

The period between now and year-end marks a historically bullish final stretch of the year for US stocks, particularly just before and after Christmas. The question for investors is whether favorable seasonal factors will be outweighed by economic fundamentals. The momentum toward a year-end rush to stocks seems to only be getting stronger now that … Read more

Year-end rally? Bullish stock-market pattern set to collide with stagflation fears

The period between now and year-end marks a historically bullish final stretch of the year for US stocks, particularly just before and after Christmas. The question for investors is whether favorable seasonal factors will be outweighed by economic fundamentals. The momentum toward a year-end rush to stocks seems to only be getting stronger now that … Read more

Is the market bottoming in? 5 reasons US stocks could continue to suffer heading into next year.

With the S&P 500 holding above 4,000 and the CBOE Volatility Gauge, known as the “Vix” or Wall Street’s “fear gauge,” VIX, +0.74% having fallen to one of its lowest levels of the year, many investors across Wall Street are beginning to wonder if the lows are finally in for stocks — especially now that … Read more

Bear markets come in three stages; and we’ve only just started the second, says veteran analyst.

Stocks will start the Black Friday half-session near 10-week highs, having rebounded partially on hopes the Federal Reserve will be slowing the pace of interest rate rises as it waits to see how much previous tightening has impacted the economy. Investors are thus looking ahead to when the Fed eventually pivots and borrowing costs can … Read more

Employees at the COVID-stricken iPhone factory in China beaten, detained after protests

BEIJING — Police beat workers protesting over a pay dispute at the biggest factory for Apple’s iPhone, whose new model is delayed by controls imposed as China tries to contain a surge in COVID-19 cases. Foxconn 2354, +0.20%, the biggest contract assembler of smartphones and other electronics, is struggling to fill orders for the iPhone … Read more

FTX Says Substantial Amount of Crypto Assets Stolen or Missing

A substantial amount of FTX’s assets are either missing or stolen, a lawyer for the failed crypto exchange said in court, vowing to cast a wide net to secure potentially billions of dollars in funds that passed through the firm he called the “personal fiefdom” of co-founder Sam Bankman-Fried. Tuesday’s hearing marked an inflection point … Read more

The best-performing sector in 2022 is not finished crushing it, says Citi, offering three stocks to buy

You can count on it, says our call of the day provided by Citigroup, although they say investors can’t expect lofty returns. “We see market rotation into energy equities as having further to run, even though names in our US coverage already sit at all-time highs,” a team of analysts led by Alastair R Syme … Read more

California Looks to Ban Diesel Trucks at Ports by 2035

An ambitious California plan to require trucking fleets in the state to switch from diesel to electric power faces a potential backup at charging stations. The California Air Resources Board is proposing phasing out older big rigs operating in the busy corridors shuttling shipping containers between ports, rail yards and warehouses and requiring that all … Read more

How Elon Musk’s Twitter Faces Mountain of Debt, Falling Revenue and Surging Costs

To make the deal work, Mr. Musk has been trying to add subscription revenue and reassure advertisers about the platform’s future. Twitter was losing money before Mr. Musk bought the company, and the deal added a debt burden that requires fresh sources of cash. It is difficult to determine the state of the company. Twitter … Read more

Markets will shift to a ‘hope’ phase next year, and investors would be wise not to miss it, says Goldman Sachs

Fresh China COVID-19 worries are threatening to nix any preholiday gains for Wall Street, with stocks struggling, oil tumbling and the dollar higher as Monday’s session gets underway. In a shortened week that will bring both Thanksgiving and the World Cup kickoff, investors have all sorts of excuses to head to the sidelines. Those sticking … Read more