DOG

The correction happening in stocks is 'far from over,' IBKR says

The S&P 500 and the Nasdaq Composite suffered their worst sessions in more than a year on Wednesday. A selloff in tech stocks led the indexes to their steepest falls since October. Interactive Brokers' senior economist says a 10% to 15% correction in the U.S. Equity market is likely.

Winter (Rate Cuts) Is Coming

The 2024 deficit estimate has increased by $400 billion, a 27% rise from their estimate five months ago. The U.S. Deficit for 2024 is expected to be $2.0 trillion, 7% of our Gross Domestic Product. The CBO forecasts no recession for the next decade. The IMF has warned of runaway spending in the United States.

The Case Against Lone Recession Indicators Is Stronger Than Ever

U.S. Recession In Motion?

Goldman Sachs is shifting to neutral, but remains mildly pro-risk for the next 12 months

Goldman Sachs is shifting to neutral, but remains mildly pro-risk for the next 12 months. Second half outlook for 2024 shifts towards a more neutral stance. The investment bank's baseline view for the second half of the trading year remains optimistic. Goldman Sachs expects a small pickup in growth as inflation moderates.

Weekly Report: what happened at DOG last week (0715-0719)?

Markets look overvalued and stretched – Morningstar Research’s David Sekera

Nasdaq slide: biggest decliners, advancers in Nasdaq-100 slide on trade worries, rotation

Nasdaq-100 index fell 2.9% on Wednesday, the steepest percentage decline since December 2022. Chip stocks including ASML and Advanced Micro Devices paced the selloff on the Nasdaq. Geopolitical and trade fears and a market rotation also contributed to the sell-off.