Two Days of Stock Euphoria Show Risk Appetite Getting Gluttonous

Maybe it was possible to explain past strength in equities as a byproduct of megacap tech in the S&P 500, or strength in health care, or overexcitement for defensive trades. But two days of buy-everything rallies in stocks, a Nasdaq 100 near-record and a surge in bond yields suggest markets are becoming the site of an old-fashioned risk-on frenzy, signaling […]

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Even Stock Optimists Grow Nervous About Rally

The most vocal optimists are getting skeptical of the never-ending stock rally. What once seemed sensible is starting to baffle even them. The S&P 500 is up 39% in 50 days and in the midst of its longest winning streak since February. A flattening virus curve, Federal Reserve stimulus and reopening plans explain a lot of it, they say. But […]

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Evercore Leans Bullish With Five Reasons Stocks Didn’t Tank

The apparent dichotomy between bad news on the economy and resilience in the stock market isn’t such a mystery for the strategists at Evercore ISI, who remain unswayed by dark warnings from Wall Street heavyweights. Deepening U.S.-China tensions, worries over fiscal authorities stepping off the accelerator, a surge in unemployment and fears about a second wave of coronavirus infections along […]

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The Booming Short-Volatility Bet That Lost 46% in a Single Month

A booming but opaque volatility trade beloved by hedge funds just erased two decades of performance in a single month. Betting against price swings in the S&P 500 Index via an over-the-counter instrument known as a variance swap returned minus 46% in the month through March 20, according to Barclays Plc. While perennially popular, the trade has ballooned in recent […]

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Five Things You Need to Know to Start Your Day

Want to receive this post in your inbox every morning? Sign up here Stocks stabilize, Italy closes down, and Saudi Arabia opens the taps. Here are some of the things people in markets are talking about today. Bounce Stocks around the world are rising the day after the deepest rout since the great financial crisis. Overnight Japan’s Topix index closed higher as the government there looked […]

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Four Charts That Show How Erratic the Stock Market Has Become

Stocks are plunging after the sudden burst of optimism drove a furious rally in the S&P 500 late Friday turned into one of the worst days since the financial crisis. Investors quickly found themselves bracing for the biggest decline since December 2008 as the coronavirus outbreak continued to worsen over the weekend and Saudi Arabia started an oil price war. […]

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Asian Stocks Seen Mixed Ahead of Holiday Break: Markets Wrap

Asian shares are expected to start the week mixed with volumes remaining subdued as investors count down to the holiday break. Currencies were little changed in early Asian trading. Futures ticked higher in Japan, while Hong Kong contracts were little changed. Australian stocks opened lower. S&P 500 futures were little changed in early Asian trading. U.S. equities finished last week […]

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