NY Fed 1-Yr Inflation Expectations 3.17 vs 3.26% Prior
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- S&P 500, Dow tick higher as investors weigh Mideast negotiations
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- Intel soars after Trump says Apple agreed to work with chipmaker on US production
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- Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says
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Citi: Nasdaq favored while EU banks shunned
June 11, 2024 6:17 AM EDTAnalysts at Citi said in a note that amidst the market uncertainty, the Nasdaq is favored.
The investment bank explained in its equity markets positioning model note this week that investor positioning in US equities stabilized after a pick-up in long flows over the past week.
Meanwhile, Nasdaq's... More
BTIG: Industrials, builders, hotels vulnerable while med devices look timely
June 10, 2024 11:34 AM EDTIn a note to clients Monday, BTIG analysts warned of potential weakness in certain sectors while identifying relative bright spots.
Despite ongoing bullish sentiment, BTIG remains "tactically cautious" due to the S&P 500 trading "over 12% above its 200 DMA," a level it historically hasn't sustained for long... More
