Wall Street looks a little confident as the new week begins, with oil slides as the new COVID closure in China adds to a major concern conference. Bonds also continue to decline.
But perhaps do not bet on the cells, which have been reunited since the beginning of March. “‘ Worse than feared ’is an active trade idea and has rewarded everyone who dared to buy a March bonus,”
"Even worse, our economy appears to be strong enough to survive inflation, inflation, oil prices, and the war in Europe,"
And our day-to-day call from Goldman Sachs sees “diamond hands” for sales and corporate purchases driving stock purchases from here.
"Diamond Hands" is a Reddit message board for those investors who are holding on to dynamic assets, resisting pressure to sell. Goldman predicts that families will raise $ 150 billion this year, as that asset still looks better than a hit bond yield. The bank's economists expect Treasury's 10-year yield to 2.7% at the end of the year from 2.48% at present.
Families have been fluctuating from bonds and money to stocks for a year so far, with Goldman data showing dividends attracting $ 85 billion from the beginning of 2020, against nearly $ 2 trillion in the US currency market and and bond funds.
The bank expects foreign buyers to receive $ 50 billion in U.S. stocks, which look like an asset of refuge in view of Ukraine's economic distance from the fierce disputes in Ukraine.
But the biggest source of stock purchases all year round will come from the business side, with high cash balances and strong earnings growth supporting that demand. The bank expects a constant demand for a maximum of $ 700 billion in business equity by 2022.
Look at pension funds to provide $ 900 billion in that equity, the Goldman team said.
"Rising interest rates and a strong return on trailing equity are likely to help boost U.S. pension funding levels," said Goldman, who expects $ 400 billion in stock sales in that area. Shared investments are likely to sell $ 500 billion as they continue to move from active investment.
The buzz
Tesla stock TSLA is surging on a proposed stock split.
Stock in Poly POLY are surging after HP HPQ said it would buy the headset maker for $3.3 billion. HP shares are down.
Financial hub Shanghai will lock down in two phases this week for citywide mass COVID tests, as cases surge. Among companies affected, Tesla TSLA is said to be pausing production at its Shanghai “Gigafactory” this week.
The Russian offensive against Ukraine continues, but President Volodymyr Zelensky said his country could declare neutrality and offer security guarantees to Russia. Negotiators head back to the table in Turkey.
Highlights of a busy week for data include the Fed’s favorite inflation indicator and U.S. jobs numbers for March. Ahead of that, the February trade deficit in goods fell for the first time in three months.
Apple AAPL reportedly may cut iPhone SE and AirPod production due to weaker demand amid war and inflation worries.
“CODA” delivered the first best-picture hit for Apple AAPL, though overshadowed by that was actor winner Will Smith slapping comedian Chris Rock onstage just before picking up the best actor award. Here’s some of the reaction:
Stocks DJIA SPX COMP are mixed, while oil CL00 BRN00 is cratering as Shanghai lockdowns spark demand fears. Bond yields BX:TMUBMUSD10Y are mixed , with the Bank of Japan stepping up with an offer to buy unlimited 10-year JGBs. The dollar DXY is up and gold GC00 is off by $17. Bitcoin BTCUSD also continues to climb, up around 7% to $47,700.
Top tickers
These were the top-searched tickers 6 a.m. Eastern Time:
| Ticker | Security name |
| GME | GameStop |
| AMC | AMC Entertainment |
| TSLA | Tesla |
| NIO | Nio |
| MULN | Mullen Automotive |
| HYMC | Hycroft Mining |
| TLRY | Tilray Brands |
| AAPL | Apple |
| SNDL | Sundial Growers |
| NILE | Bitnile Holdings |
They just revealed what they believe are the ten best stocks for investors to buy right now…
Courtesy Grizler.com
