Signature Bank, Nvidia, Salesforce and 12 other companies may be oversold, based on expectations for earnings and sales growth in 2023. Read More...
Reuters
BlackRock’s Rieder: summer rally coming in U.S. bonds but bull market likely over
A sell-off in U.S. stocks and bonds will likely dry up during the summer months as the Federal Reserve whittles down its nearly $9 trillion balance sheet, said Rick Rieder, chief investment officer of global fixed income at Blackrock, the world’s largest asset manager. Rieder believes the Fed’s balance sheet reduction, which is expected to begin in June, will prove a “catalyzing moment” for asset prices and after that confidence may return to markets. Markets have been shaken by the central bank’s hawkish pivot, which is targeting the worst U.S. inflation in decades.
