After a strong surge in June and July, the S&P 500 index has experienced a significant decline in August, with tech stocks being hit particularly hard, as fears of rising interest rates and a slowdown in China weigh on the market.
The S&P 500 Index reached a high in July but has since experienced a pullback of -4.8% in the first three weeks of August, with further downside possible, although the market may be near a turning point.
The S&P 500 has fallen nearly 5% in August, and opinions on whether stocks will rebound are divided among Wall Street firms and market commentators, with some, like Goldman Sachs and Fundstrat, remaining optimistic while others, including Michael Burry and David Rosenberg, are bearish.
The S&P 500 is nearing a new bull market, potentially leading to stock market growth, and investors should consider stocks like Amazon and Mastercard based on the holdings of Wall Street billionaires and their solid growth prospects.
The S&P 500 is showing signs of a new bull market, but some experts are cautious and want to wait until the index reaches its previous high, meanwhile, there are two stocks, Sea Limited and Upstart Holdings, that have the potential to more than double in value over the next 12 to 18 months based on analysts' price targets.
The S&P 500 has recovered 65% of last year's bear-market drop, but when adjusted for inflation it is only about 45%, highlighting the diminished buying power and implying implications for the economy and future Federal Reserve policy.
The S&P 500 is close to reaching a record high, signaling the upcoming arrival of a new U.S. bull market, and investors should consider buying stocks like Roku and Datadog that have strong growth potential.
The S&P 500 has yet to see two consecutive up days in August, signaling a lack of investor conviction and potentially foreshadowing further declines in the stock market rally.
Stock futures are slightly higher as the S&P 500 looks to continue its winning streak after comments from Federal Reserve Chairman Jerome Powell.
The S&P 500 and other major indices are showing bearish signals, with potential for a significant drop, while the dollar is expected to maintain its upward trajectory and strong economic data could lead to a breakout in interest rates. Additionally, Meta's stock is on a downward trend and the KBW NASDAQ BANK Index is at risk of further decline.
Wharton professor Jeremy Siegel predicts that the stock market will continue to rise into the end of the year, with the S&P 500 potentially surging 25% and gaining an additional 9% if the Federal Reserve acknowledges falling inflation and refrains from further interest rate hikes.
The S&P 500 has rallied in 2023 due to factors such as cooling inflation, a strong economy, and a positive outlook for earnings, but concerns over credit market volatility, monetary policy uncertainty, and steep valuations pose risks to the bull market rally.
Last week in the stock market resembled a game of punchball, with alternating positive and negative days, but overall the S&P 500 showed a descent of less than 4% over four weeks.
Summary: Despite a dismal August for the stock market, the S&P 500 narrowly avoided a particular negative outcome, setting up for the next test.
The end of a five-month win streak for the S&P 500 is not all bad news, as historical data suggests that after five months of gains, the S&P 500's forward performances six and 12 months later are on average up 82% and 93% of the time, respectively.
The S&P 500 could experience significant gains in the coming months following the end of the current rate hike cycle by the Federal Reserve, with historical data showing positive returns after previous cycles and strong economic indicators supporting this trend. Investors are advised to consider investing in an S&P 500 index fund or industry-leading stocks like Amazon.
S&P 500 and Nasdaq futures slipped as investors awaited data on inflation and non-farm payrolls to determine the Federal Reserve's interest rate path, while HP and Rite Aid saw declines due to trimming profit outlook and a downgrade, respectively.
The S&P 500 index has seen impressive gains this year, up over 17%, and could potentially reach 5,000 points by the end of 2023, according to expert Andrew Slimmon of Morgan Stanley. Despite a slight pullback in August, strong third-quarter earnings and investor interest in mega-cap tech stocks are expected to drive the market forward.
Stocks are expected to rally next month, with the S&P 500 potentially reaching its previous highs, according to Fundstrat's Tom Lee, who cited reasons such as a cooling economy, no further interest rate hikes from the Fed, overly bearish sentiment in August, and historically strong performance in September.
S&P 500 futures remain flat after the index achieved its fourth consecutive positive day, and Salesforce reports better-than-expected earnings and guidance, causing its shares to rise.
Despite economic challenges, the S&P 500 is expected to continue its strong growth, potentially increasing by as much as 11% as the summer season ends, driven by companies like Apple, Microsoft, Google, Amazon, Nvidia, Tesla, and Meta, according to Morgan Stanley analyst Andrew Slimmon.
The S&P 500 ended lower and the Nasdaq higher as U.S. inflation data met expectations, signaling a potential pause in monetary tightening by the Federal Reserve, while Salesforce shares climbed following a positive revenue forecast.
The S&P 500 rally is expected to fade as economic data supports a higher for longer monetary policy, with weaker job opening data and ADP job report sending rates down and a strong job report and ISM data pushing rates higher, creating challenges for the stock market as financial conditions tighten and leading to lower levels.
Bank of America's technical strategist believes that despite historically poor September performance, the S&P 500's year-to-date rally positions it for further gains, with the potential for an 8% climb by the end of the year.
The S&P 500 Index experienced its best week since June, while Bitcoin faced a marginal loss due to the delay of spot Bitcoin exchange-traded fund applications by the Securities and Exchange Commission, although analysts remain optimistic about future ETF approvals.
The stock market is still in an uptrend despite a recent pullback, and there is a likelihood of higher stock prices in the near term as long as the market continues to advance within its uptrending channel. Additionally, the recent breakout in the S&P 500 is a bullish sign for the market, and commodity-related stocks have begun to outperform, making them attractive investments.
The S&P 500 had a good week, rising 2.5% and coming 1.6% below the 2023 high-water mark set in July; however, there is a possibility of a recession if the Fed keeps rates high for longer than necessary.
The S&P 500 index is unlikely to reach a record high by the end of 2023 due to factors such as earnings per share and financial conditions, according to Stifel's chief equity strategist.
The S&P 500's ability to maintain support at the 4,450 level will be crucial for the stock market's near-term performance, according to a technical analyst.
The S&P 500 Index rallied off support but may not be starting a new bull market as resistance at 4500 has caused a decline.
Investors would have been better off buying the S&P 500 instead of adjusting their portfolios in response to Michael Burry's stock-market warning tweets, as the index had an average 6-month annualized gain of 34% following a selection of Burry's tweets from 2019 to 2023, according to Charlie Bilello, chief market strategist at Creative Planning.
Despite its high valuation, a strategist predicts that the S&P 500 can still continue to rise.
The S&P 500 is unlikely to experience a similar rally to the one seen 11 months ago despite the increase in U.S. consumer price inflation, according to chief market technician Jonathan Krinsky.
The S&P 500 index has seen impressive gains this year, but one expert believes the rally is coming to an end, citing rising bond yields as the main threat to stock prices.
Dow Jones futures and S&P 500 futures rose slightly as the market rally saw a solid advance with major indexes reclaiming their 50-day moving averages, although caution is still advised for new investments.
Economist Gary Shilling predicts that the S&P 500 will decline by around 40% during this market cycle, citing recession indicators such as the yield curve and The Conference Board's Leading Economic Index. He believes that a US recession may already be underway due to the Federal Reserve's focus on reducing inflation, and high valuations in the stock market increase the likelihood of a significant drop.
Bank of America predicts that the S&P 500 could surge over 25% within the next year based on a bullish indicator, with low long-term profit growth expectations among analysts signaling potential gains.
Wall Street finished the week with a decline in stocks, as the S&P 500 posted its second consecutive losing week, with technology and retail sectors contributing to the slide, while investors await the upcoming Federal Reserve interest rate policy meeting.
The S&P 500 and Dow Jones gained as Treasury yields pulled back ahead of a likely pause in the Federal Reserve's policy tightening campaign, although concerns over rates staying higher for longer kept investor sentiment cautious.
Despite a perceived undervaluation of the S&P 500, analysts warn of potential volatility in both the stock market and the Bitcoin market due to the upcoming Federal Open Market Committee (FOMC) meeting, which could shape narratives and challenge conventional wisdom. The S&P 500 appears oversold while Bitcoin consolidates with a potential target of $22,000.
Summary: Dow Jones futures, S&P 500 futures, and Nasdaq futures all rose overnight, while the stock market correction continued with heavy losses as the 10-year Treasury yields surged, leading to the S&P 500 undercutting its August lows and the Nasdaq and Dow Jones coming close to doing the same.
