Hints and tips:
...Even smaller stocks are finally catching up a little, with the Russell Midcap index (+4.3 per cent) and the Russell 2000 (+3.6 per cent) leading the Russell 1000 (+3.2 per cent) in March, notes Bank of America...
...For decades America has been the essential arsenal and guarantor of the free world, even if it has turned a blind eye to the excesses of some allies....
...Bank of America estimates that if interest rates stay at their current level, it will translate into a 32 per cent hit to earnings over the next five years....
...For Jill Carey Hall, US equity strategist and head of US small and mid-cap strategy at Bank of America, the lower valuations of small-caps bode well for returns....
...Soak it in: Bank of America frequently updates this futile but oddly charming mosaic, showing the best-performing assets each year since the turn of the century....
...Big bets on Microsoft and Meta have helped US stockpickers to their best start to a year in more than three decades, according to Bank of America....
...That is not the bank’s base case, but with its target of 5,200 for this year already in the rear-view mirror, chief US equity strategist David Kostin is laying this out as a potential framework for superbulls...
...Take a break from the news V-necks have been verboten for as long as most of us can remember, writes Teo van den Broeke....
...The S&P 500 stock index has touched the milestone of 5,000 for the first time, setting a record high as a narrow group of companies continued to drive the benchmark upwards....
...shopping mall, as well as the new headquarters of Indonesia’s central bank....
...America....
...Below is a chart of the discount of the Russell value index to the Russell growth index....
...Meanwhile, the latest edition of the Bank of America Global Fund Manager Survey finds that sentiment is the most upbeat it has been since January of 2022, based on investor growth expectations and allocations...
...Events: The Reserve Bank of Australia issues an interest rate decision. Economists at Bank of America and Westpac expect a 25-basis-point rise to 4.35 per cent....
...The issue was the banks: back then there was such heady optimism about financial innovation that the finance sector’s capitalisation had grown to a point where it accounted for almost a quarter of the Standard...
...Crucially, 30 per cent of Russell 2000 companies’ debt stock is floating-rate, exposing them to a rising rate environment....
...As the post-cold war age of America as a sole superpower fades, the old era when countries had to choose from a prix fixe menu of alliances is shifting into a more fluid order....
...It is out on its own — the Russell 2000 index of smaller companies is still around 20 per cent below the peak it hit in 2021, and is down by 1.2 per cent so far this year....
...., Ltd. v. Banco Popular Del Peru or Allied Bank Int’l v. Banco Credito Agricola de Cartago is your idea of fun....
...The Chinese property sector has emerged as the biggest threat to the stability of the global economy, fuelling a “dramatic shift” out of emerging market stocks and into the US, according to Bank of America...
...Numbers news The Bank of England’s Bank Underground blog has a nerdy statistical piece that explores a wage growth measure that is reweighted to better match inflation....
...STEPHEN GANDEL: JP Morgan Chase, Jamie Dimon's figured out how to be a bank to everyone. Bank of America has also merged investment banking with traditional banking....
...That puts the net figure on course for a third consecutive year of decline — a phenomenon not seen since the bank’s data series began in 1999....
...Faltering demand and market uncertainty pushed business activity in the Ulster Bank Northern Ireland Purchasing Managers’ Index down to 48.2 in July from 52.5 in June, indicating that a majority of businesses...
...Again, if the Bank of England meets its 2 per cent inflation target, gilts should generate a positive real return....
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