market

Why the Stock Market Could Drop 10% Over the Next 5 Months.

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NYSE


NYSE

The stock market looks poised to drop harshly through the next five months, if history is a guide, according to Stifel strategists.

The stock market historically doesn’t perform well between May and October and this year may fit perfectly into that trend. In this stretch, the S&P 500 has averaged a 1.7% drop, looking at data going back to 1950. On average, it has gained 5.48 percentage points less from May through October than between November and April, according to the strategists.

And while these are just averages dating back decades, this year may be a

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Stock Market Today With Jim Cramer: Buy AMD

Stocks traded lower Wednesday after the Federal Reserve noted the U.S. economy was strengthening but kept interest rates near zero.

TheStreet’s Katherine Ross and Jim Cramer discussed breaking news in the stock market. Cramer spoke about how to trade AMD, meme stocks AMC Entertainment and Microvision and markets on Wednesday.

AMD: Buy Or Sell?

Advanced Micro Devices  (AMD) – Get Report shares were dropping Wednesday even after the chipmaker forecast solid current-quarter sales and a robust full-year outlook on improving demand and easing of tensions in the global semiconductor supply chain.

Cramer said AMD is a buying opportunity

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Capital gains tax hikes and stock market performance

No question President Biden’s proposed higher 39.6% capital gains tax rate on those earning over $1 million is making many stock investors queasy, but the stock market impact may be more muted than some expected, according to Goldman Sachs. 

“S&P 500 returns have also been weak ahead of past capital gains tax hikes, but selling was short-lived and reversed afterward” the team, led by David  Kostin, wrote to clients earlier this week. 

  (Courtesy Goldman Sachs/US Weekly Kickstart 4/23/2021)

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Wall Street can’t keep up with the market: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

Tuesday, May 4, 2021

Price targets and economic forecasts fall behind

Readers of the Morning Brief know investor expectations were high ahead of earnings season, that companies have topped expectations at a record rate, and that the economy is firing on all cylinders. 

And these events have pushed Wall Street strategists back into another theme we’ve written about in this space for the last few months — trying to keep up with the market. 

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Booming Stock Market Provides Budget Surplus in California

In the early days of the pandemic, no one would have looked to the stock market for salvation. From February to late March last year, the S&P 500 suffered one of its sharpest crashes ever, falling nearly 34 percent. But once the federal government began pumping money into the markets and the economy through bond-buying programs and stimulus, the market began rebounding.

And professional money managers kept buying stocks. Amateur investors, stuck at home, piled into the market and drove up stock prices further. After hitting a bottom in March 2020, the S&P 500 is up nearly 90 percent, creating

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‘This is not going to end well’: Billionaire Leon Cooperman says stock market will be lower a year from now


‘I suspect the market will be lower a year from today. But I don’t have to make that guess now. This is not going to end well.’


— Leon Cooperman, Omega Family Office

That’s self-described “fully invested bear” Leon Cooperman, who told CNBC on Friday that given a coming rise in taxes, inflation and a “reasonably richly appraised market,” he has “an eye on the exit.”

Cooperman, the chair of the Omega Family Office, added that “nobody, myself included, knows when this is going to end. We just watch the things that would normally indicate an end.”

Stocks

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Apple Earnings Couldn’t Lift the Market. What That Means for Stocks.

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Apple fell 0.1% after telling investors sales grew by 54%.


David Paul Morris/Bloomberg

What do you have to do to get a reaction around here?

For the second week in a row, the

S&P 500

finished just a hair’s length away from the unchanged mark. After dropping 0.13% one week earlier, the index closed up one point, or 0.02%, at 4181.17, as traders and investors shifted their pieces around but didn’t have an impact on the overall game. The

Nasdaq Composite

fell 0.4%, to 13,962.68, while the

Dow Jones Industrial Average

dropped 0.5%, to close at 33,874.85.

It

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Biden’s First 100 Days Were Historic for the Stock Market. What Happens Next.

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President Joe Biden on Oct. 29, 2020.


JIM WATSON/AFP via Getty Images

Joe Biden’s
100th day in office is this Thursday, and the stock market is on pace to record its best start to a president’s term since that of
Franklin D. Roosevelt
in 1945. The

S&P 500 index

is up nearly 9% since inauguration day, trailing FDR’s fourth term by about a percentage point.

Of course, there are a multitude of influences that determine what the stock market does over any period, and the impact of any particular president or another is debatable. Continued easy monetary policy,

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Why Did the Stock Market Fall Today? Biden Pulled the Plug

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Stocks were only moderately lower until a report that President Joe Biden was considering raising capital-gains taxes. The three major U.S. stock indexes ended materially lower.

Stocks dove Thursday on a report that President Joe Biden will propose a hefty increase in capital-gains taxes.

The

Dow Jones Industrial Average

fell 321.41 points, or 0.94%, to close at 33,815.90. The

S&P 500

dropped 38.44 points, or 0.92%, to end at 4,134.98, and the

Nasdaq Composite

tumbled 131.81 points, or 0.94%, to close at 13,818.41. The biggest gainer in the S&P 500 was credit-reporting agency

Equifax

(ticker: EFX), which saw

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Stock Market Rally Retreats, Bitcoin Dives Amid Biden Capital Gains Tax Plan; Netflix, Snap, United Airlines In Focus

The stock market rally suffered declines, in part on reports that President Joe Biden will propose nearly doubling the capital gains tax rate on the wealthy. But the Dow Jones, S&P 500 and Nasdaq all closed the week only slightly lower, while the Bitcoin price plunged. Medical plays such as Tenet Healthcare (THC) and Intuitive Surgical (ISRG) soared as earnings rebound with elective procedures. Snap (SNAP) and ASML (ASML) also were earnings winners, while Netflix (NFLX) and United Airlines (UAL) sold off on results.




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Stocks Retreat Amid

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