Page 16 - Bear Indicator News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bond tantrum, inflation, higher taxes: biggest tail risks Share A bond tantrum, inflation and higher taxes are seen as the biggest risks to markets, which Bank of America says are most often associated with a boom rather than a recession. The risk repositioning comes as US equities are in the midst of another record reset rhythm. The S&P 500 rose to a record high in intraday trading on Tuesday (Wednesday AEST), though it was little changed at 1pm. Global investors are positioned for a boom: Bank of America.  AP Upward momentum was stalled after US officials recommended pausing use of a vacci...

by Tyler Durden Friday, Apr 09, 2021 - 12:09 PM Of all the metrics we have seen in the past year trying to capture the sheer mania and frenzy of the retail rotation into stocks - a process also known as "distribution" because it allows legacy investors to offload to new bagholders - none is better than the following statistic from BofA's Michael Hartnett, who in his latest Flow Show notes "the big flow to know", namely that inflows to stocks past 5 months ($576bn) exceed inflows in prior 12 years ($452bn) - and we have retail investors armed with freshly printed stimmy checks to thank for th...

ASX to slip, Fed policy meeting in focus Save Share Australian shares are poised for a modest opening dip to start the week after bonds sold off anew on renewed bets the US economic recovery is set to accelerate and interest rate forecasts may need a reset. ASX futures were down 3 points or 0.04 per cent to 6767. On Friday the S&P/ASX 200 rose 53 points or 0.8 per cent to 6766.81. The local currency slipped 0.3 per cent; the Bloomberg dollar spot index rose 0.3 per cent. The yield on the US 10-year note surged 9 basis points to 1.62 per cent in New York on Friday local time; up from 1.55 per ...

Wall Street’s fear index fell below 20 for the first time in almost a year, a sign that some market watchers say signals a renewed equities rally.

Then, as now, the S&P was at a 20-year high in terms of valuation, the forward price/earnings ratio then just above 19 and now surpassing 22 – yet for those who choose to compare equity earnings yields to Treasury yields, the gap is pretty close: 3.7 percentage points then versus 3.3 now. The spread on high-yield bonds has made an almost-perfect round trip in the past year, sitting right at extreme lows, which fits into a sense that generous credit markets are lubricating the economy and markets. "Real investment-grade corporate bond yields are scarcely above zero. The Chicago Fed National ...