Stocks and bonds ‘disaster discounted’ after investors’ worst streak in 20 years

Things can always go wrong. S&P 500 SPX Index, -1.51% Friday consolidated the worst monthly percentage drop since the pandemic shutdowns in March 2020, but also joined the Dow Jones Industrial Average DJIA, -1.71% and Nasdaq Composite Index COMP, -1.51% The first extended period in the nine-month period held the worst since 2002, according to … Read more

Housing still has “a lot of wiggle room” in the recession, even as mortgage rates near a 20-year high, according to this investor.

Mortgage rates that briefly touched a 20-year high this week are unlikely to implode the US housing market, according to Al Otero, HAUS portfolio manager, Armada ETF Advisors. Instead, a strong hiring background and massive homeowners sitting on the stock cushion after two years of massive price gains will give the housing market “a lot … Read more

Stocks are sinking and rates are rising. It hurts, but we’re heading back to normal.

stocks and bonds stumble. housing weakened. And I haven’t heard a word about nonfungible cartoon monkey icons Maybe in three months. Strategists are now turning to really exotic assets – two I spoke with last week recommended buying long-term Treasurys. Someone also said that he prefers stocks of companies that are generating cash, and was … Read more

The S&P 500 saw its third drop of more than 10%. Here’s what history shows about previous bear markets hitting new lows from there, according to Bespoke.

Stocks fell sharply after the Federal Reserve announced on Wednesday that it had raised its benchmark rate by three-quarters of a percentage point while battling inflation, with the S&P 500 Index continuing its slide that Bespoke Investment Group described as its third decline. “Where this bear market ultimately lies is anyone’s guess, and events outside … Read more