Market Moves
Slowly It Turns: The Market Rotates Back to Rally Mode
Cyclical stock sectors re-take the lead, but with deliberation, as earnings weaken.
Tag: Recession
Risk
IPOs Start 2023 in the Doldrums, Mirroring 2022’s Sad Showing
With an anxiety-prone stock market not showing a lot of lift after last year’s losses, companies are holding off on going public.
Research
U.S. Asset Managers Fear Federal Reserve Rate Hikes Will Cause Recession
Asset managers are concerned that higher rates will spark a liquidity crisis and 27% fear that continued rate hikes will cause significant equity market losses, CoreData Research finds.
Research
Slumping Leveraged Loans Are Expected to Rebound Late in 2023
M&A activity should come back in the second half, and so should this favorite borrowing instrument, according to JPM and Morgan Stanley.
Risk
What Happens After That Soft Landing? BCA: Nothing Good.
Maintaining a position just short of a recession is almost impossible to do, the research shop says.
Asset Allocation
After ‘Tough Year,’ TIFF Expects ‘Goldilocks’ Recession in 2023
The firm’s active managers ‘faired poorly’ in 2022, according to CEO Kane Brenan.
Research
Recessions May Be Mild, but Market Reactions Aren’t
BlackRock forecasts a 1% economic contraction this year. The question: How will investors respond?
Research
How the Investing World Is Changing for Good, and for Bad, per JPM’s Savant
An end to artificially low rates and globalization will have mixed results, strategist Michael Cembalest finds.
Newsmakers
How Bob Doll Makes His Rather Prescient 10 Annual Predictions
The Wall Street heavyweight’s forecasts for each coming year have done well over three decades, coupling conventional wisdom with unorthodox guesses.
Asset Allocation
Stocks and Bonds Should Come Back in 2023, Says Cambridge Associates
The consulting firm explains why, even with a recession, it will pay to overweight equities.
News
How to Thrive Amid the 2023 Junk Bond Slump
What to invest in, both before and during the recession, per high-yield expert Martin Fridson.
Market Moves
Inverted Yield Curve Passes Danger Line
With the spread between short and long rates upside down for more than 15 straight trading days, that portends a recession for sure by August, Bespoke warns.
Research
Howard Marks: A ‘Sea Change’ Has Come to Investing
Risk aversion and higher rates are now embedded features, which has big implications, the celebrated investor says.
So When Will Stocks and Bonds Un-Link?
It’s a rarity for the two main asset classes, almost always negatively correlated, to perform a duet. Here’s what allocators can do about that.
Market Moves
Good News: An Earnings Drop Might Not Bring a 2023 Recession, Says Stovall
Profit plunges don’t always augur an economic downturn, CFRA’s top strategist finds.