Latest holdings exposure on Wall Street! Wells Fargo & Co, bank of america 'abandon' apple
U.S. stock market barometer.
As US bond yields soar, how much longer can the US stock market party last?
Currently, there are no signs of a bear market in the US stock market, but the surging yields on US Treasury bonds may become a turning point for the situation. Bank of America Merrill Lynch states that when the 10-year US Treasury yield exceeds 5%, investors tend to shift from the stock market to the bond market, limiting the rise of US stocks. This yield has climbed by 80 basis points since mid-September, although the bank indicates that the current interest rate risk is manageable.
The second largest net inflow of capital since 2008! Investors go all in on US stocks
According to EPFR data, in the week up to last Wednesday, US stock etf and mutual funds attracted nearly 56 billion dollars in inflow, marking the second largest weekly inflow record since 2008. These funds have attracted inflow for seven consecutive months, marking the longest duration since 2021.
The surge in US stocks hides a sinister omen: the future outlook for corporate profits is rapidly deteriorating over the next year.
Behind the sharp rise in the US stock market, a rarely noticed ominous sign is gradually emerging: Wall Street analysts are quickly lowering their expectations for next year's profit growth of American companies, which may soon put the brakes on the recent strong rise in the US stock market. Corporate executives in the US stock market have mixed expectations for the future, and many companies are also unwilling to provide future profit guidance.
Investors Are Bracing for Higher-for-Even-Longer Interest Rates
11/18 [Strength and Weakness Materials]
[Bullish and Bearish Factors] Bullish Factors: The Nikkei average is rising (38,642.91, +107.21) • Active share buybacks • Requests from the Tokyo Stock Exchange for corporate value enhancement. Bearish Factors: The dow jones industrial average is falling (43,444.99, -305.87) • The Nasdaq composite index is falling (18,680.12, -427.53) • 1 dollar = 154.50-60 yen • Chicago futures are falling (38,015, -655) • The SOX index is falling (4,833.59, -171.00) • The VIX index is rising (16.14)
