In addition, 90% say 2023 will be ripe with political conflict and 85% predict a ‘troubled year’ for international affairs.
The Tell: This stock-market indicator sends a bullish signal amid bearish Wall Street sentiment, BofA says
Recommended allocations to stocks have dropped to levels that historically have sent a contrarian, bullish signal to the U.S. stock market, according to BofA Global Research.
Coronavirus Update: New omicron subvariant has become dominant in U.S., climbing to about 41% of cases from 1.3% at the start of December
XBB.1.5 has overtaken earlier omicron subvariants after more than doubling its share of new cases every week in December.
Market Extra: Isolated and humiliated, ‘rogue’ Russia tops list of 2023 geopolitical risks: Eurasia Group
An isolated and humiliated Russia is the top geopolitical threat of 2023, according to political-risk consulting firm Eurasia Group.
Futures Movers: Oil prices fall to begin 2023 as China worries persist
Worries over demand from China and the potential for a global recession continue to weigh on the market to begin 2023.
Economic Report: Construction spending rises by 0.2% in November
Construction spending rose 0.2% in November, the Commerce Department reported Tuesday
The Tell: Michael Burry of ‘Big Short’ fame expects another ‘inflation spike’ after recession rocks U.S.
U.S. inflation may be receding for now, but investors should brace for another ‘spike’ in the not-too-distant future, Michael Burry warns
Market Snapshot: U.S. stocks finish modestly lower to kick off 2023 with last year’s pattern — more losses
U.S. stocks finished lower Tuesday, wrapping up 2023’s first trading session with a 2022 pattern of volatile moves that trend downward.
: House adjourns after 3 failed attempts to elect speaker. Does that signal GOP dysfunction in 2023?
Will top House Republican Kevin McCarthy be successful in his push to become his chamber’s next speaker?
: What Coolio, Prince and Picasso didn’t have that you should
Make a will as part of a broader estate plan — and do it now.