This stock market rout looks like the dot-com bust of 2000, says investing guru

Forget about buying the dip, for a while. That’s John Duffy, founder and CEO of Trending Stocks, about why he thinks the stock market could be in for a long, early 2000s-style unwind akin to what happened in the wake of the dot-com bust. Duffy, who launched his investing platform this spring, pointed to similarities … Read more

Gilt yields plunge after Bank of England steps in to buy at ‘whatever scale is necessary’

UK yields fell back from their highest in 14 years after the Bank of England said it would buy bonds at “whatever scale is necessary” to restore orderly market conditions. The 10-year benchmark applies yield TMBMKGB-10Y, 3.981%, which moves in the opposite direction to prices, fell 49 basis points to 4.03%, having at one point … Read more

Why a rising 10-year Treasury yield is rattling financial markets as it nears 4%

The 10-year Treasury yield, a vital benchmark that influences a vast array of consumer borrowing costs, is on its way to hitting 4% for the first time in at least 12 years — a development that’s starting to ripple across financial markets. The rate TMUBMUSD10Y, 3.996% soared to as high as 3.988% on Tuesday — … Read more

Why 2-year Treasury yields are ‘the base problem’ for the struggling stock market, according to this Morgan Stanley portfolio manager

It’s going to be tough for the US stock market to make much headway bouncing back from the bear market with two-year Treasury yields at or above 4%, according to Andrew Slimmon, an equity portfolio manager at Morgan Stanley Investment Management. “It’s hard to convince investors to take risk when the two-year risk-free rate is … Read more

Intel CEO takes on Nvidia with new launch

Intel Corp. pushed back at Nvidia Corp. when it comes to Moore’s Law as Chief Executive Pat Gelsinger unveiled a budget gaming card Tuesday, a week after Nvidia released a line of gaming cards that many criticized as being pricey. At Intel’s Innovation conference, Gelsinger said Intel INTC, -0.30% will launch its Arc A770 graphics … Read more

Are you tempted to buy AMC’s new APEs? Be prepared to lose everything, the company warns

Shares of AMC preferred equity units, or ‘APEs,’ rose 5% Monday, while the company’s common stock fell 7.5%, after the company unveiled plans to sell another up to 425 million APEs. At current prices, the cinema chain could raise up to $1.6 billion from the sale of additional APEs, which was disclosed in a regulatory … Read more

Morgan Stanley says investors should consider this port in the market storm right now

The great British pound selloff, credited with exacerbating a global rout for markets last week, looks set to continue wreaking some havoc on Monday. Economic woes in Old Blighty are adding to the markets’ growing list of anxieties, driving more investors into the dollar and out of perceived riskier assets such as US stocks and … Read more

Stocks crashing? No, but here’s why this bear market feels so painful — and what you can do about it.

Hashtags about a stock-market crash may be trending on Twitter, but the selloff that has sent US equities into a bear market has been relatively orderly, say market professionals. But it’s likely to get more volatile — and painful — before the market stabilizes. It was indeed a white-knuckle ride for investors Friday as the … Read more

Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.

It will be difficult for the stock market to stop its slide and find a bottom as long as the US dollar keeps soaring versus its rivals, according to market analysts. Global stocks suffered a bruising week, with the S&P 500 on Friday narrowly avoiding its lowest close of the year. At the same time, … Read more

US stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike

US stocks closed sharply lower Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose in the wake of the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow dropped 4% while the … Read more