Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp. Their quarterly numbers begin hitting Wall Street this week. “I’m worried about a handful of them,” Bair told CNBC’s “Fast Money” on Tuesday. “I think some of them are still overly reliant on industry deposits, … Read more
Wall Street’s new biggest bull is growling a bit like a bear. Wells Fargo Securities’ Chris Harvey hiked his S & P 500 year-end price target by about 20% this week. However, he’s less than enthusiastic about the path of higher market prices. “It’s weird. This won’t sound great. But even though we were high … Read more
Investors may want to stick with fixed income investments — possibly even adding to them — despite the Federal Reserve’s intention to cut interest rates this year. “Your biggest mistake could be rushing back into equities before you’re considering all these opportunities in fixed income,” BondBloxx co-founder and COO Joanna Gallegos told CNBC’s “ETF Edge” … Read more
The Federal Reserve may have new incentives in the second quarter to cut rates deeper this year. Canaccord Genuity’s Tony Dwyer thinks a deteriorating jobs market and easing inflation will ultimately push the Fed to act. “I’m not saying that they have to go back to zero, but they have to be more aggressive,” the … Read more
The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on hold until next year. “I’m in the camp that the Fed does not change policy in the summer of an election year,” the … Read more
Investor sentiment toward intermediate-term Treasury bonds may be changing. Schwab Asset Management’s David Botset is seeing more flows into bonds with maturity rates typically between three and five years — and sometimes out to 10 years. “People are starting to realize that we’re kind of at the peak of interest rate increases,” the firm’s head … Read more
Evercore ISI’s Julian Emanuel thinks Nvidia’s monster rally is fueling a fear of missing out in the market. He finds clients, including many who traded through the dot-com boom and subsequent collapse, are more worried about being underinvested than overexposed right now. “That’s the first time that’s happened since 2021 for us,” the firm’s senior … Read more