S&P 500

Tech bloodletting nears US$300 bil since Facebook reported

NEW YORK (July 31): The rush to get out of US tech stocks entered its third day Monday as concerns mounted over how the storied FAANG bloc will fare amid rising interest rates and slower growth.

All of the FAANGs retreated, with Facebook Inc. sinking 3.3% and Netflix Inc. falling as much as 5.3%. The FANG index retreated 2.5%, widening its three-day loss to 9%. This compares with a 1.4% loss for the S&P 500 over the same time.

3 reasons why US firms are taking longer to go public

SINGAPORE (Jan 9): It was an encouraging 2017 for the S&P 500, booking a full year of monthly total gains for the first time ever. But the elephant in the room still remains about the shrinking pool US companies going public.

According to data from Dealogic in a Dec 2017 report, the past year had been a record one for US-listed IPO volume and activity since 2014 – with issuance on the US exchanges totaling US$47.8 billion ($63.6 billion) via 179 IPOs.

Stocks have gotten ‘less attractive’ but still better than bonds: Buffett

From Bloomberg

(Aug 31): Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said the rally in markets over the last several years has made it harder to find bargains, but that stocks remain his choice over bonds.

When asked why cash has been piling up at Berkshire, he told Bloomberg Television’s David Westin, “It tells us stocks aren’t as cheap as they’ve been most of the time.” Buying shares after the 2008 financial crisis, Buffett said, was like “shooting fish in a barrel.”

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Markets roiled on Trump stance tensions

NEW YORK (Aug 18): A sense of growing unease gripped financial markets as President Donald Trump exacerbated the controversy sparked by a racist rally in Virginia and terrorists struck a crowded street in Barcelona.

US stocks retreated, with the S&P 500 Index posting its second biggest one-day decline of the year, and a measure of market volatility spiked higher. Treasuries rose with the yen as investors sought havens. Gold jumped.

The path for US equities will be uneven, driven by data & policy: Barclays

SINGAPORE (March 22): Barclays Capital is forecasting Standard & Poor’s (S&P) 500 earnings per share (EPS) to hit US$129 ($181) this year, assuming that a 5% sales growth combined with modest margin expansion and continued repurchases will lead to 8% EPS growth.

In a research report dated March 21, Barclays’ equity research team note that valuations have re-rated closer to “fair”, and that fund flows are still supportive.

2017 is shaping up as a volatile year for markets

HONG KONG (Jan 27): The world's most famous measure of volatility in financial markets is flashing a sign akin to boredom — languishing around levels that prevailed before the global crisis.

Problem is, the VIX is tied to the US S&P 500 index. Take a step back to look at the global picture, and the early days of 2017 are showing elevated jumpiness similar to that seen in the past two years. 

Dollar bets rise a 7th week; Asia nervous at open on drone

US currency

SYDNEY (Dec 19): The dollar gained versus most major peers after data showed bets on the greenback climbed for the longest stretch since August 2015. Asian stock markets face a challenging opening to the week after the political storm spurred by China’s seizure on Thursday of a US naval drone northwest of Subic Bay in the Philippines.

Euro slips with Asian stocks while bonds rise as Italy votes no

WELLINGTON (Dec 5): The euro retreated with riskier assets, while bonds advanced, amid concern the failure of Italy’s referendum on constitutional reform will destabilize the country, emboldening anti-Europe and nationalist forces.

Global stocks up, nervous markets wager on Clinton presidency

Trading floor

SINGAPORE (Nov 8): Asian stocks rose on Tuesday as world markets braced for the outcome of one of the most contentious US presidential elections in history, with most investors cautiously optimistic of a win by Democrat Hillary Clinton.

European markets are set to begin the session little changed, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 and France's CAC 40 to open flat and Germany's DAX to start the day up 0.1%.

3 uncertainties that could derail stock markets

SINGAPORE (Nov 1): Stock markets will be facing a bumpy ride in the next couple of weeks, says DBS Group Research.

While renewed political uncertainties – such as the FBI’s renewed investigation in to Hillary Clinton’s emails and Clinton’s narrowing lead over Trump as a result – certainly set the stage for volatility leading up to the US Presidential election, the research house highlights that the market’s problems are not entirely political.

In a Monday report, DBS notes that stocks were selling off even before the FBI announcement.

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