/biz/ - Business & Finance

https://www.bloomberg.com/news/articles/2023-07-02/it-s-getting-a-lot-harder-to-chase-the-stock-rally-from-here-on
It’s Getting a Lot Harder to Chase the Stock Rally From Here On
Equities are disconnecting from worsening economic backdrop
Profit warnings, rising rates deal a blow to soft-landing bets
Global equities have decoupled from a worsening economic backdrop after rising about 13% in 2023, prompting warnings from some of the world’s top money managers that chasing the rally from here on is a risky move. Growing corporate profit warnings are also driving home the message.
“Resilience now is sowing the seeds for fragility down the line,” said Andrew McCaffery, global chief investment officer at Fidelity International. “The ‘best-flagged recession in history’ still isn’t upon us. But that recession will come when the lagged effects of policies eventually take hold.”
Almost 99% respondents in a Deutsche Bank AG survey of 400 market professionals said higher rates will likely lead to more global “accidents,” with most of them expecting the moves to bring fresh strain to financial markets.

https://www.bloomberg.com/news/articles/2023-07-02/it-s-getting-a-lot-harder-to-chase-the-stock-rally-from-here-on
https://archive.. ph/6urSm
It’s Getting a Lot Harder to Chase the Stock Rally From Here On
Equities are disconnecting from worsening economic backdrop
Profit warnings, rising rates deal a blow to soft-landing bets
Global equities have decoupled from a worsening economic backdrop after rising about 13% in 2023, prompting warnings from some of the world’s top money managers that chasing the rally from here on is a risky move. Growing corporate profit warnings are also driving home the message.
“Resilience now is sowing the seeds for fragility down the line,” said Andrew McCaffery, global chief investment officer at Fidelity International. “The ‘best-flagged recession in history’ still isn’t upon us. But that recession will come when the lagged effects of policies eventually take hold.”
Almost 99% respondents in a Deutsche Bank AG survey of 400 market professionals said higher rates will likely lead to more global “accidents,” with most of them expecting the moves to bring fresh strain to financial markets.

https://www.bloomberg.com/news/articles/2023-07-02/it-s-getting-a-lot-harder-to-chase-the-stock-rally-from-here-on
https://archive.. ph/6urSm
It’s Getting a Lot Harder to Chase the Stock Rally From Here On
Equities are disconnecting from worsening economic backdrop
Profit warnings, rising rates deal a blow to soft-landing bets
Global equities have decoupled from a worsening economic backdrop after rising about 13% in 2023, prompting warnings from some of the world’s top money managers that chasing the rally from here on is a risky move. Growing corporate profit warnings are also driving home the message.
“Resilience now is sowing the seeds for fragility down the line,” said Andrew McCaffery, global chief investment officer at Fidelity International. “The ‘best-flagged recession in history’ still isn’t upon us. But that recession will come when the lagged effects of policies eventually take hold.”
Almost 99% respondents in a Deutsche Bank AG survey of 400 market professionals said higher rates will likely lead to more global “accidents,” with most of them expecting the moves to bring fresh strain to financial markets.