In environments in which investors can sit in cash yielding 5.4%, it is unreasonable to expect significant outperformance from stocks or bonds, says the bank.
A credit crunch is hitting office landlords hard with mortgage debt coming due, causing a smaller share of loans to repay on time, according to Deutsche Bank researchers.
‘The dog days of summer are not just barking, they are biting,’ the U.N.’s Guterres says as 2023 marked as the hottest summer recorded by modern technology.
The soaring S&P 500 index will probably fail to reach a record peak by the end of the year, according to Stifel’s chief equity strategist Barry Bannister.
The Federal Reserve’s inflation fight has been particularly brutal for anyone not already a U.S. homeowner before interest rates and mortgage rates rose to 15 year highs this year.
U.S. investors are pricing in too much optimism in the stock market as strong market price action feeds into their views on the economic growth, which is weaker than expected this year, according to Michael Wilson, Morgan Stanley’s chief investment officer.