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TipRanks
‘Take Opportunities on Days Like Today’: Mary Callahan Erdoes Says Now Could Be the Best Time to Invest. Here Are 3 Stocks to Consider
Investors are facing a storm of headwinds right now – a genuine bear market, stubbornly high inflation, rising interest rates, and increased fears of a recession in the near-term. However, Mary Callahan Erdoes, CEO of JPMorgan’s Asset & Wealth Management division, advises investors to stay invested. “It’s actually the easiest time in the world to find alpha — there is alpha everywhere… It’s everywhere, because we are in such a state of change… While all the world is focused on all the black
Barrons.com
The Stock Market Fought the Fed—and Paid the Price
A weaker economy and a slowing labor market could mean slower inflation and thus fewer rate hikes from the Fed. It was all downhill from there, though, as hawkish remarks from Fed officials, stronger services data, and Friday’s jobs report drove home the point that we’re still a ways away from an economy or labor market that justifies the end of tightening. “Investors are still underpricing policy tightening and labor softening needed to sustainably lower inflation.”
Bloomberg
OPEC+ Oil Cut Adds to Troubles Faced by Refiners and Traders
(Bloomberg) — The biggest cut to OPEC+ supply since the pandemic has added another element of uncertainty for oil traders weighing the outlook for Chinese demand and a potential energy-supply squeeze during winter.Most Read from BloombergBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Kremlin Lets State Media Tell Some Truths About Putin’s Stalling WarMusk’s Twitter Takeover Hits Snag Over Debt-Financing IssueNord Stream Leaks Caused by Detonations in Sign of SabotageTrump Says U
Bloomberg
World’s Oldest Bank Is Running Out of Time to Secure Funds for Key Capital Increase
(Bloomberg) — The clock is ticking for Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio as he makes a last-ditch effort to convince arranger banks to go in on a vital capital increase and to secure funds in advance from a range of investors.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Nord Stream Leaks Caused by Detonations in Sign of SabotageSecretive Chip Startup May Help Huawei Circumvent US SanctionsKremli
Investopedia
3 ETFs to Invest Globally in Q4 2022
Globally focused exchange-traded funds (ETFs) provide a straightforward way to geographically diversify a portfolio. The global economy contracted in 2020 due to the impact of the COVID-19 pandemic. While it began to recover in 2021, growing an estimated 6.
Bloomberg
Fed’s Waller Sees Additional Rate Hikes Into Early Next Year
(Bloomberg) — Federal Reserve Governor Christopher Waller said the US central bank needs to continue to raise interest rates into early 2023 and keep the battle over inflation a top priority despite roiled financial markets.Most Read from BloombergMusk’s Twitter Takeover Hits Snag Over Debt-Financing IssueKremlin Lets State Media Tell Some Truths About Putin’s Stalling WarNord Stream Leaks Caused by Detonations in Sign of SabotageBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Tr
Bloomberg
Stock Traders Hit Sell Button on Hawkish Fed Bets: Markets Wrap
(Bloomberg) — Wall Street got a reality check, with data showing a hot labor market that will likely keep the Federal Reserve on its aggressive hiking trail. Those bets sent stocks tumbling and drove 10-year US yields to their longest weekly up streak since 1984.Most Read from BloombergBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Biden Should Hit Saudi Arabia Where It Really HurtsStock Traders Hit Sell Button on Hawkish Fed Bets: Markets WrapFacebook Is Warning 1 Million Users
Reuters
Taiwan economy minister to address ‘concerns’ during US visit
Taiwan Economy Minister Wang Mei-hua will visit the United States next week to respond to what her office called “concerns” about supply chains and geopolitical issues and will also visit U.S. tech firms that are major customers of Taiwanese semiconductor companies. A global semiconductor shortage has thrust chip powerhouse Taiwan into the spotlight and made supply chain management a bigger priority for governments around the world.
Associated Press
Rivian recalling nearly all its vehicles over loose fastener
Electric truck and SUV maker Rivian Automotive said Friday it is recalling almost all the vehicles it has delivered to customers in order to tighten a loose fastener that could potentially affect drivers’ ability to steer. The company, which was founded in 2009, said it is recalling about 13,000 vehicles because a fastener connecting the vehicles’ front upper-control arm and steering knuckle may not be torqued enough. “If you experience excessive noise, vibration or harshness from the front suspension, or a change in steering performance or feel, you should call immediately,” Rivian CEO RJ Scaringe wrote in a letter to vehicle owners.
Benzinga
The Three Worst-Performing REITs Of The Year
Three major real estate investment trusts (REITs) are hitting new 2022 lows as investors unload in the classic just-get-me-out fashion. American Tower Corp. (NYSE: AMT), Digital Realty Trust Inc. (NYSE: DLR) and Medical Properties Trust Inc. (NYSE: MPW) just can’t stop going down lately. The interest rate hikes made by the Federal Reserve Board seem to be hitting this sector hard. Each of these REITs already was declining, but the new lows this week are harsh reminders of the steady downtrend. M
TheStreet.com
CVS Could Decline Another 20% From Here
CVS Health is down sharply Friday — about 10% — in response to reports that it’s in talks to acquire primary care chain Cano Health and a Medicare Advantage plan downgrade. Let’s jump to the charts to see what they can tell us.
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