Peter Berezin told you so — or he tried to, at least.The chief global strategist of BCA Research defied consensus wisdom by predicting late last year that US stocks would sink in 2025 as a full-blown trade war caused a global recession.A few months later, markets have been hit by one of the largest downturns on record caused by unrest from President Donald Trump's tariff policy. Berezin looks brilliant, but he's not gloating."I've been in this business long enough to know that victory laps — more often than not —...
One of the worst stock market crashes ever may seem like it's getting more serious by the day, but history suggests its days could be numbered.Global markets are melting down in response to President Donald Trump's tariff policy, which was more extreme than anyone on Wall Street predicted. A recession or stagflation, where economic growth slows while inflation accelerates, are being seen by some as an inevitability.Tariff-driven turmoil has led to the S&P 500's fourth-worst two-day span in the last four decades. US stocks shed 10.5% across Thursday and Friday,...
April 2nd, or what the White House is calling "Liberation Day," is inching closer, but investors aren't receiving any liberation from the volatility that's plagued the market for the last few months.Wednesday is shaping up to be the Super Bowl of trade policy as President Donald Trump's reciprocal tariffs are scheduled to take effect, and Wall Street experts are placing their bets on what will happen once they do.It's no easy task to predict Trump's unconventional foreign policy strategy. Just last week he hinted at softening his stance on reciprocal...
Stock buybacks could counteract extended market declines, Citi said.The bank predicted $1 trillion in stock buybacks by 2025, up from 2024.Companies may shift spending from capital expenditures to buybacks amid Trump policy uncertainty.The stock market has a $1 trillion weapon to fight further price declines: stock buybacks.Analysts at Citi said in a Monday note that as the stock market continued to decline, it could present a too-good-to-ignore deal for companies to buy back their stocks at discounted levels."Should large cap US equities continue to correct, we expect that share repurchase...
The S&P 500 and Nasdaq 100 are hovering near their 200-day moving averages, a key technical support level.The 200-day moving average is an important indicator of potential trend reversals in stocks.Traders believe an immediate bounceback is needed for stocks to avoid further declines.The stock market has entered the danger zone as the S&P 500 and Nasdaq 100 hover near their 200-day moving averages.Both indexes are trading at the key technical support level after a 6% decline in the S&P 500 and a 9% sell-off in the Nasdaq 100 since mid-February.The...