Market Watch (August 24)
“U.S. China tensions over trade policy have reached a boiling point, the only question remaining is whether business executives — and the stock market — can stand the heat…. The further upping of trade barriers, along with Trump’s forceful response, threatens to further erode already sagging business confidence and trigger more weakness in U.S. business investment, which could eventually lead to rising unemployment.”
Tags: Barriers, China, Confidence, Investment, Stock market, Tensions, Trade, Trump, U.S., Unemployment, Weakness
Barron’s (July 8)
“Worried that the stock market has gotten ahead of itself? You’re not the only one. Morgan Stanley strategist Andrew Sheets doesn’t see much upside in stocks these days, resulting in his decision to cut the firm’s allocation on global equities to underweight from equal-weight.”
Tags: Allocation, Equities, Morgan Stanley, Sheets, Stock market, Strategist, Underweight, Upside
Newsweek (May 13)
“China’s decision to raise tariffs on U.S. goods made its impact felt on Wall Street as stock markets began the week on a downbeat note. Both the Dow Jones Industrial Average and the S&P 500 index fell by more than 2 percent in early trading,” while the Nasdaq dropped even further. Market volatility “was directly linked to the escalating trade war between the U.S. and China…. The back-and-forth retaliation between the two superpowers wiped out the marginal gains stocks recorded at the end of last week.”
Tags: China, Dow Jones, Downbeat, Gains, Nasdaq, Retaliation, Stock market, Superpowers, Tariffs, Trade war, U.S., Volatility, Wall Street
CNN (January 3)
“Evidence is mounting that the US-China trade war is dealing a blow to the American stock market. Stocks plunged on Thursday after Apple (AAPL) blamed a big sales miss on slowing growth in China and rising trade tensions. China’s massive manufacturing sector… has tumbled into contraction. And trade trouble helped fuel the biggest one-month decline in US factory activity since the Great Recession.”
Tags: Apple, China, Contraction, Decline, Evidence, Great Recession, Growth, Manufacturing, Plunged, Stock market, Tensions, Trade war, U.S.
LA Times (November 20)
“It looks as if the years-long stock market party might just be over.” The “recent plunge in share prices of U.S. technology giants spread like a software virus through the entire market Tuesday, triggering a broad sell-off that wiped out this year’s gains for the major indexes after they all hit record highs in recent months.”
Tags: Gains, Plunge, Sell-off, Share prices, Stock market, Technology giants, U.S.
The Economist (November 3)
It’s “sunrise in Tokyo… After three decades out of fashion, the country’s companies are ready for a revival.” At last, “Japan’s stock market is poised for a comeback.” Japan has had and still has its detractors, but “for the first time in years, Japanese companies are playing a tune that investors are able to whistle.”
Seeking Alpha (October 11)
“Recent history has taught us to buy the dip. Even the eye-watering declines in February proved worth buying. But this time looks different. This may not be a dip worth buying.”
Financial Times (August 25)
“The US stock market this week reached twin landmarks: an all-time high, and the longest bull run in history. Yet it is shrinking…. The tally of listed domestic companies in the US has almost halved from 8,090 in 1996 to 4,336 last year.”
New York Times (August 9)
The $30 trillion U.S. stock market hogs the attention, but “the larger domestic debt market—at around $41 trillion for the bond market alone—reveals more about our nation’s financial health. And right now, the debt market is broadcasting a dangerous message: Investors, desperate for debt instruments that pay high interest, have been overpaying for riskier and riskier obligations…. with little concern that bonds can be every bit as dangerous to own as stocks.” The mispricing of risk is still rampant and when spreads rise and defaults begin, “trillions of dollars in invested capital could be lost.” Although, we’re not necessarily “on the verge of a recession. But the corporate debt bubble inevitably will play a role in causing it.”
Tags: Bonds, Bubble, Dangerous, Debt market, Desperate, Interest, Investors, Mispricing, Overpaying, Recession, Riskier, Stock market, U.S.
South China Morning Post (August 3)
“China has just ceded its four-year title as the world’s second-largest stock market to Japan, as an intensifying trade spat with the US and its campaign to reduce leverage weighed on equities.”
Tags: China, Equities, Japan, Leverage, Second-largest, Stock market, Trade spat, U.S., World
