Hints and tips:
...Tina Fordham, founder of geopolitical consultancy Fordham Global Foresight, agrees that markets are right to be cautious....
...In the latest instalment of our Climate Exchange series, Tina Stege, climate envoy for the Marshall Islands, says financing must be prioritised to protect the world’s most vulnerable countries....
...Tina Opie, who teaches management at Babson College business school, is concerned that “anything that looks like it could cause a problem is going to be avoided”....
...I mean, look, the S&P is up 18 per cent, one eight so far this year. The Nasdaq Composite is up 36 per cent....
...US 1- to 5-year credit yields ~4.9% against an S&P 500 earnings yield of ~5.9%. But over the last 30 days, the S&P 500 has been 5.7 times more volatile....
...The S&P is having a great year. So the idea is still further down the line if and when this mythical recession does hit....
...The forces weighing down on stocks are more familiar: ‘Tina’ is dead; there are alternatives....
...Strategists at Bank of America say that while long-dated Treasury yields could keep rising, the : Post COVID = there is no alternative (TINA). Today = there are many alternatives (TAMA)....
...The benchmark US equities index the S&P 500 has been going nowhere since the end of March....
...Nasdaq 100 futures pointed to a 1.6 per cent gain at the open, while the S&P 500 was predicted to rise 0.6 per cent....
...countless snaps of Tina and Harry with the great and the good, from Obama to Malala....
...Meanwhile, the earnings yield on the S&P 500 (earnings/price), at 4.3 per cent, remains well below long-term averages, and has been falling steadily for two weeks....
...Others will look at the chart of cyclically adjusted P/E ratio (that is, the S&P 500 price divided into 10-year average earnings) and point out that it is bang at its average since 1995 (28)....
...Perhaps TINA (there is no alternative) logic rides again. But with the three-month Treasury bill paying over 3 per cent, alternatives are emerging....
...Geraci was also unwilling to read Tina’s death rites until it was clear how far the Fed was willing to go to tackle inflation. “I don’t think I’m ready to call Tina dead at this point....
...TINA — There Is No Alternative — went a little further....
...And despite months of bad headlines almost all analysts have a buy rating out on the stock, S&P Global data show....
...The broader S&P 500 index rose 2.6 per cent, leading to stock market gains around the world today....
...While TINA and growth investor-types, who have made bank buying the dip for almost a decade, couldn’t resist chucking any loose change into the market. Simples....
...He was twice married, first to Amy Lumet, daughter of the movie director Sidney, and then to Tina Mallon with whom he had two daughters, and a son....
...Read all our Geography picks here Business: Peter McGinn picks for People: P&O Ferries sacks 800 sailors and halts crossings for days....
...It is Tina (for “there is no alternative”)....
...So much so that holding the S&P 500 last year would have nearly trebled the average hedge fund return....
...Stocks had a bad first quarter; the S&P fell almost 5 per cent....
...“Tina — ‘there is no alternative’ — and Fomo — the ‘fear of missing out’ — are two acronyms that kind of rule the market right now.” Is there charge behind Rivian’s electric IPO?...
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