(Bloomberg) -- Citigroup Inc. strategists poured cold water on bullish equity market sentiment, cautioning against chasing the rally in stocks amid virus risks and concern about earnings forecasts they view as excessively optimistic.Global equity returns will be limited and stocks will still be near current levels 12 months from now, analysts led by Robert Buckland said in a note. The boost from $6 trillion of global quantitative easing will likely cancel out the economic drag from rising Covid-19 infections, they said.“While we recognize that fighting the Fed is a thankless task, central banks have already driven a very significant rerating in global equities,” said the strategists. “We would not chase markets higher from current levels. We would prefer to wait for the next dip.”Citi’s warning comes at a time when many market participants are wondering whether global stocks’ 40% rally from their 2020 lows has more upside, or whether it’s time...
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]...
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]...
(Bloomberg) -- To be an energy superpower, U.S. oil and gas requires a suitably gargantuan pipeline network that stretches for millions of miles. The country’s ability to expand that infrastructure is being tested like never before.In what’s possibly the biggest victory yet for an environmental movement targeting the conduits carrying fossil fuels, Dominion Energy Inc. and its partner Duke Energy Corp. said Sunday they’ll no longer pursue their $8 billion Atlantic Coast natural gas pipeline after years of delays and ballooning costs.It’s the third such project this year to be sidelined or canceled altogether amid mounting opposition to development of coal, oil and gas. Armed with experienced lawyers and record funding, environmental groups are finding enormous success blocking key pipeline permits in court. The keep-it-in-the-ground movement has increasingly turned its attention to the pipes, rather than the wells themselves, because they require various federal and state permits, which, for the most...
Stock futures jumped Monday morning, indicating a higher open even as coronavirus cases continued to march higher globally and domestically. Airlines and cruise lines stocks rose....
