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Dow jumps 600 points, S&P 500 adds 2.5% in comeback from worst weekly loss in 2 years
By Yun Li & Sarah Min
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Stocks Historically Don't Bottom Out Until the Fed Eases
By Akane Otani
Dow rallies 800 points on Friday to cap big comeback week for stocks
By Jesse Pound & Sarah Min
Stocks inch lower as rally attempt on Wall Street falters
By Sarah Min & Pippa Stevens
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Formerly Twitter
Liz Ann Sonders
LizAnnSonders
S&P 500’s rolling 1-month correlation has moved higher but remains low relative to history (especially when comparing to prior corrections) pic.twitter.com/0xGM4kieRc
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Liz Ann Sonders
LizAnnSonders
So far, S&P 500’s selloff since late March has been all multiple contraction (forward P/E, blue) as forward EPS (orange) have moved higher pic.twitter.com/su7aJ9rg5q
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Mohamed A. El-Erian
elerianm
Per below, the whole US yield curve shifted up in reaction to the data (see prior post), including the 2-year which traded above 5% as markets pushed to December the expectation of the first rate cut by the #FederalReserve.
(Amazing to think that, just four months ago, #markets… pic.twitter.com/gmZDG1xxGU
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Ryan Detrick, CMT
RyanDetrick
S&P 500 with a max pullback of 5.5% in '24 so far.
Since 1980, only 4 full years saw a smaller pullback.
Avg yr since 1980 with a 14.2% max pullback. pic.twitter.com/2SZwV4mwlL
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