Hints and tips:
...Willem Sels, global chief investment officer at HSBC’s private bank, said he was bearish on equities in general but recently “dipped into” Chinese retail, hospitality and airline stocks on the expectation...
...The broad S&P 500 was up 2.4 per cent by afternoon trading in New York, having dropped as much as 2.4 per cent earlier in the session....
...Data visualisation by Steven Bernard and Liz Faunce Letters in response to this article:Mining veteran reflects on the state of the industry / From Chris Hinde, Former Director (Mining), S&P Global Market...
...The S&P 500 stock index closed up 0.7 per cent in New York, while the technology-heavy Nasdaq Composite gained 0.6 per cent....
...The S&P 500 closed 0.1 per cent lower, while the Nasdaq Composite gained 0.4 per cent per cent....
...“They have a plan to develop a plan, but the market wants more detail,” said Willem Sels, global chief investment officer at HSBC’s private bank....
...The shares of US steelmakers such as Nucor, Cleveland-Cliffs, Steel Dynamics and US Steel have more than doubled in the past year, according to S&P Global Market Intelligence....
...Wall Street’s S&P 500 index ended the trading day up 0.9 per cent in New York, less than three points shy of its May 7 closing record....
...In the US, stock-index futures jumped, with those tracking the S&P 500 index up 1 per cent....
...Elsewhere in the region, Japan’s Topix index closed up 2 per cent, while Australia’s benchmark S&P/ASX 200 climbed 1.7 per cent....
...The bank’s stock has more than doubled from its pandemic low a year ago and is up 18 per cent this year, outpacing the 11 per cent rise in the S&P 500....
...“Technology has been a real driver of the market,” said Willem Sels, chief market strategist at HSBC Private Banking. “We will see somewhat more volatility over the next few weeks....
...Willem Sels, HSBC Private Bank’s chief market strategist, said he has seen new enquiries about European stocks in recent weeks from his clients in Asia....
...Japan’s benchmark Topix index rose 0.6 per cent as Australia’s S&P/ASX 200 gained 1.4 per cent....
...The S&P 500 is up about a third from a low in late March....
...As the current business and financial cycle matures, market volatility is likely to remain higher than over the past years,” adds Willem Buiter at the US bank....
...That is expected to lift the S&P 500 by another 7 per cent in 2018, according to the mean forecast of strategists polled by Bloomberg....
...There is the 1977 painting “Untitled XXV” by Willem de Kooning, which sold for $27m in 2006. When it went under the hammer 10 years later in 2016, it fetched $66m — a rise of 144 per cent....
...Willem Buiter, an economist with Citi, characterised policy as “dysfunctional”. “The conduct of monetary policy has been poor at best and at times dismal.”...
...Willem Buiter offered a chilling prospect this week at a conference in Hong Kong....
...The S&P cut Saudi Arabia’s credit rating last month on account of the decline in oil prices, which it said will increase the country’s deficit to 16 per cent of GDP this year....
...Overall, hedge funds are up around 1.3 per cent in the first six months of this year, underperforming the S&P 500, which is up 2.6 per cent over that period....
...That the S&P remains barely above 1900, having topped 2100 early in December, is thus a very negative sign....
...Take for example the discussion held in Davos on Friday on the sustainability of the Swiss model featuring an impressive array of heavyweight Swiss names: Rolf Dörig, Chairman, Adecco Group, Sergio P....
...Willem Buiter, Citi’s chief economist, has predicted that another global recession is looming, this time led by the developing world....
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