Potential for Short Squeeze is Increasing - Citi
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- Wall St indexes advance with boost from chips, Iran optimism
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- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
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- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
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Investors Continue to Favor Cyclical Stocks Despite GDP Miss - BofA
August 2, 2022 7:36 AM EDTBank of America clients continued to buy U.S. equities last week, which marks the fifth consecutive week of buying.
Hedge funds, institutional and private clients were all buying stocks, with single stocks attracting bigger inflows than ETFs.
The banks clients were buying stocks in nine of the 11 sectors, led by Tech and Communication Services, while Real Estate and Industrials witnessed outflows.... More
Markets are Vulnerable to Hawkish Surprises as It is Too Soon to Fade Recession Risks - Goldman Sachs
August 2, 2022 6:47 AM EDTGoldman Sachs strategist Cecilia Mariotti has reflected on the ongoing relief rally in equities, especially in the aftermath of the Fed meeting.
The strategist believes that the risk assets are supported by the comeback of a friendly 'real regime' with real rates resetting materially lower.
For instance, Mariotti... More
