S P 500 Falls For Fourth Day Casting Doubt On Summer Market Return

The Dow Jones industrial average fell 92 points, or 0.3%. The S&P 500 and Nasdaq Composite also lost about 0.3% each. All major averages are on track to close the month lower. Markets had sold off heavily since Friday after hawkish statements from Federal Reserve Chairman Jerome Powell. More recently, Cleveland Fed President Loretta Mester said she sees benchmark interest rates rising above 4% early next year, while New York Fed President John Williams called for “somewhat restrictive policy to slow down demand”. However, some investors are hoping that the Fed will become less hawkish and that this will support a strong close to the fourth quarter for stocks. “He’s certainly not hawkish, but less hawkish,” Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management, told CNBC’s “Squawk Box” on Wednesday. “A locked-in rate of 75 basis points – it’s all for September. They don’t mean October and I think they’ll come back in November and December and only go up 25 basis points in each of those two meetings.” The sell-off on Wall Street reached Tuesday, with the Dow Jones Industrial Average falling nearly 1 percent. The Nasdaq Composite fell 1.1 percent and the S&P 500 fell 1.1 percent, falling below the 4,000 mark for the first time since late July. All the major averages were on pace to end August with losses. “This volatility is really healthy and constructive,” Jeff Kilburg, chief investment officer at Sanctuary Wealth, told CNBC. “I don’t feel good, and the speed that the Fed has introduced in this de-risking process has taken the breath away for many investors, but … There are a lot of signs that are more positive than negative” — such as rising bond yields, he said. “For the market to go from 3,600 to 4,300 in 19 sessions, that’s not sustainable,” he added. “Seeing the market come back and the S&P 500 filling volume around 4,000 is really constructive and allows us to have a base that takes another leg higher on the back of a better-than-expected earnings season and consumer sentiment slowly it’s slowly rising.”

title: “S P 500 Falls For Fourth Day Casting Doubt On Summer Market Return Klmat” ShowToc: true date: “2022-12-13” author: “Linda Flores”

The Dow Jones industrial average fell 92 points, or 0.3%. The S&P 500 and Nasdaq Composite also lost about 0.3% each. All major averages are on track to close the month lower. Markets had sold off heavily since Friday after hawkish statements from Federal Reserve Chairman Jerome Powell. More recently, Cleveland Fed President Loretta Mester said she sees benchmark interest rates rising above 4% early next year, while New York Fed President John Williams called for “somewhat restrictive policy to slow down demand”. However, some investors are hoping that the Fed will become less hawkish and that this will support a strong close to the fourth quarter for stocks. “He’s certainly not hawkish, but less hawkish,” Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management, told CNBC’s “Squawk Box” on Wednesday. “A locked-in rate of 75 basis points – it’s all for September. They don’t mean October and I think they’ll come back in November and December and only go up 25 basis points in each of those two meetings.” The sell-off on Wall Street reached Tuesday, with the Dow Jones Industrial Average falling nearly 1 percent. The Nasdaq Composite fell 1.1 percent and the S&P 500 fell 1.1 percent, falling below the 4,000 mark for the first time since late July. All the major averages were on pace to end August with losses. “This volatility is really healthy and constructive,” Jeff Kilburg, chief investment officer at Sanctuary Wealth, told CNBC. “I don’t feel good, and the speed that the Fed has introduced in this de-risking process has taken the breath away for many investors, but … There are a lot of signs that are more positive than negative” — such as rising bond yields, he said. “For the market to go from 3,600 to 4,300 in 19 sessions, that’s not sustainable,” he added. “Seeing the market come back and the S&P 500 filling volume around 4,000 is really constructive and allows us to have a base that takes another leg higher on the back of a better-than-expected earnings season and consumer sentiment slowly it’s slowly rising.”

title: “S P 500 Falls For Fourth Day Casting Doubt On Summer Market Return Klmat” ShowToc: true date: “2022-12-17” author: “Diana Fobes”

The Dow Jones industrial average fell 92 points, or 0.3%. The S&P 500 and Nasdaq Composite also lost about 0.3% each. All major averages are on track to close the month lower. Markets had sold off heavily since Friday after hawkish statements from Federal Reserve Chairman Jerome Powell. More recently, Cleveland Fed President Loretta Mester said she sees benchmark interest rates rising above 4% early next year, while New York Fed President John Williams called for “somewhat restrictive policy to slow down demand”. However, some investors are hoping that the Fed will become less hawkish and that this will support a strong close to the fourth quarter for stocks. “He’s certainly not hawkish, but less hawkish,” Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management, told CNBC’s “Squawk Box” on Wednesday. “A locked-in rate of 75 basis points – it’s all for September. They don’t mean October and I think they’ll come back in November and December and only go up 25 basis points in each of those two meetings.” The sell-off on Wall Street reached Tuesday, with the Dow Jones Industrial Average falling nearly 1 percent. The Nasdaq Composite fell 1.1 percent and the S&P 500 fell 1.1 percent, falling below the 4,000 mark for the first time since late July. All the major averages were on pace to end August with losses. “This volatility is really healthy and constructive,” Jeff Kilburg, chief investment officer at Sanctuary Wealth, told CNBC. “I don’t feel good, and the speed that the Fed has introduced in this de-risking process has taken the breath away for many investors, but … There are a lot of signs that are more positive than negative” — such as rising bond yields, he said. “For the market to go from 3,600 to 4,300 in 19 sessions, that’s not sustainable,” he added. “Seeing the market come back and the S&P 500 filling volume around 4,000 is really constructive and allows us to have a base that takes another leg higher on the back of a better-than-expected earnings season and consumer sentiment slowly it’s slowly rising.”

title: “S P 500 Falls For Fourth Day Casting Doubt On Summer Market Return Klmat” ShowToc: true date: “2022-11-05” author: “Frederick Lebo”

The Dow Jones industrial average fell 92 points, or 0.3%. The S&P 500 and Nasdaq Composite also lost about 0.3% each. All major averages are on track to close the month lower. Markets had sold off heavily since Friday after hawkish statements from Federal Reserve Chairman Jerome Powell. More recently, Cleveland Fed President Loretta Mester said she sees benchmark interest rates rising above 4% early next year, while New York Fed President John Williams called for “somewhat restrictive policy to slow down demand”. However, some investors are hoping that the Fed will become less hawkish and that this will support a strong close to the fourth quarter for stocks. “He’s certainly not hawkish, but less hawkish,” Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management, told CNBC’s “Squawk Box” on Wednesday. “A locked-in rate of 75 basis points – it’s all for September. They don’t mean October and I think they’ll come back in November and December and only go up 25 basis points in each of those two meetings.” The sell-off on Wall Street reached Tuesday, with the Dow Jones Industrial Average falling nearly 1 percent. The Nasdaq Composite fell 1.1 percent and the S&P 500 fell 1.1 percent, falling below the 4,000 mark for the first time since late July. All the major averages were on pace to end August with losses. “This volatility is really healthy and constructive,” Jeff Kilburg, chief investment officer at Sanctuary Wealth, told CNBC. “I don’t feel good, and the speed that the Fed has introduced in this de-risking process has taken the breath away for many investors, but … There are a lot of signs that are more positive than negative” — such as rising bond yields, he said. “For the market to go from 3,600 to 4,300 in 19 sessions, that’s not sustainable,” he added. “Seeing the market come back and the S&P 500 filling volume around 4,000 is really constructive and allows us to have a base that takes another leg higher on the back of a better-than-expected earnings season and consumer sentiment slowly it’s slowly rising.”