11/25/2023 0 Comments Iconnections miami 2023![]() Our partnership with iConnections aligns with Investopia's vision and goals, especially as we focus on technology and sustainability in a rapidly digitalizing world." The partnership was signed by Mohamed Naser Al Zaabi, CEO of Investopia, and Ron Biscardi, CEO of iConnections, during the Investopia session at the iConnections event.Īl Zaabi commented on the partnership, saying, "Investopia, established by the UAE government in 2021 as a global platform, aims to bring together the global investment community, decision-makers, entrepreneurs, and innovators to explore growth opportunities in emerging economies. The partnership is in line with Investopia's focus on technology and sustainability and iConnections' goal to showcase their best-in-class managers to leading investors globally. The partnership allows Investopia's investment community, including asset allocators, private equity, and hedge funds, to leverage iConnections' digital capabilities to connect and thrive. That’s not the case this time around, (which is) an additional headwind for equities.MIAMI, 1st February, 2023 (WAM) – Investopia, a global investment platform launched by the UAE Government, announced a partnership with iConnections, a leading financial technology platform, at the iConnections Global Alts 2023 event in Miami. “We think it’s important to note that typically when forward earnings growth goes negative, the Fed is actually cutting rates. Wilson and his team said they are now leaning more toward their bear case of $180 based on the margin degradation. ![]() EPS refers to net income divided by the number of shares outstanding, and could indicate how much money a company makes for each share of stock. Morgan Stanley’s 2023 base case forecast for S&P 500 earnings per share (EPS) is $195, while their bear case forecast is $180. See: The Fed and the stock market are on a collision course this week. That, coupled with the reality of the worst earnings recession since 2008, are “being mispriced once again, in our view,” said Wilson. So far, however, the Fed has yet to signal a willingness to hit the brakes and truly pivot to a more dovish stance. Traders now place a 98% probability of that size hike, according to the CME’s FedWatch tool. ![]() The central bank is widely expected to raise its target federal-funds rate by 25 basis points, to a range of 4.5% to 4.75%. Moreover, Wilson argued that investors seem to have forgotten the cardinal rule of “Don’t Fight the Fed.” He said the upcoming FOMC meeting, which concludes on Wednesday, will serve as a reminder. If you’re not nervous, you should be, this global strategist warns. See: It’s a key week for the stock market. The S&P 500 ended 52 points lower, or 1.3%, to 4,018 on Monday. Morgan Stanley’s strategists warned at the start of the year that a recession shock in 2023 could drive another 22% drop for stocks, and they expected the large-cap index to finish the year at 3,900. ![]() Other possible explanations include “window dressing,” a practice performed by institutional investors to buy more shares of top-performing stocks by the end of the year to improve the appearance of their fund’s performance before presenting it to shareholders.Īnother is investor sentiment, with investors tending to be more optimistic about the future as a new year begins. Theoretically, investors could use those funds to rebuy new positions in January, which can contribute to the monthly rally. The “January Effect” is a seasonal tendency for small-cap stocks to rally in the month following December’s tax-loss harvesting in generally illiquid equities. See: What stock-market investors need to know about the ‘January Indicator Trifecta’ It is “just another bear-market trap” and “all the good news is now priced,” which means “the reality is likely to return with month-end, and the Fed’s resolve to tame inflation,” they wrote in a Monday note. However, Wilson and his team were surprised by the magnitude of the recent advance. Up 8.9% on the month as of Monday, on track for its best January performance since it notched a 12.2% gain in 2001, according to Dow Jones Market Data. Tech stocks were having their best January in decades, with the Nasdaq Composite Was up 4.6% in the first four weeks of January, while the Dow Jones Industrial AverageĪdvanced 1.7%. January started on a high note for stock-market investors, with three major equity indexes on pace to book strong monthly gains.
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