Heroism fueled or not, the S&P 500 level is destined for another test of lows. These are the levels to watch, says this strategist

In the words of the great Bonnie Tyler: “It has to be safe, and it has to be soon, and it has to be larger than life.” The hero this market is waiting for is Fed Chairman Jerome Powell and he speaks on Friday, so it’s soon. Whether he is sure remains the question. “The … Read more

Bill Ackman says fast food chains are an inflationary shield. Here are two he likes, and one he just sold.

A cautious session is expected for Tuesday, after the worst slump since June for the major indices. That’s when a growing number of investors see the Fed moving from rate hikes to a daunting challenge in the face of stubbornly high inflation and a global growth mess. We’ll find out on Friday when Fed Chairman … Read more

Bill Ackman says fast food chains are an inflationary shield. Here are two he likes, and one he just sold.

A cautious session is expected for Tuesday, after the worst slump since June for the major indices. That’s when a growing number of investors see the Fed moving from rate hikes to a daunting challenge in the face of stubbornly high inflation and a global growth mess. We’ll find out on Friday when Fed Chairman … Read more

Once the Worst Yield on Wall Street, Cash Now Seems to Be the Best Asset to Own, According to Morgan Stanley

Equity sellers are poised to pick up where they left off on Friday as the market appears to wake up from its August slumber with a vengeance. As Goldman Sach’s Chief U.S. Equity Strategist David Kostin told his clients after the S&P 500 SPX took just 17 weeks to hit its year-end target of 4,300, … Read more