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56 minutes ago
Piper Sandler says stock prices are likely to continue rising as recession risks rise
Piper Sandler says rising recession risks are unlikely to put a damper on the current market rally.
In fact, the opposite may be true.
“Our belief that rising recession risks (i.e., weak macro data) will drive stock prices higher is certainly an unusual view!” the investment firm wrote. “We continue to take a constructive view that lower interest rates due to weaker macroeconomic indicators will lead to further stock price gains in the coming quarters.”
Going forward, Piper Sandler sees rising interest rates as the biggest threat to market gains and the most likely trigger for a correction.
— Lisa Kailai Han
1 hour ago
Bitcoin’s current market capitalization exceeds the GDP of 159 countries around the world, and other surprising statistics from HSBC
HSBC Global Research released a list of 13 surprising market statistics in a note Tuesday.
Here are a few:
- “Bitcoin’s current market capitalization is higher than the GDP of 159 countries in 2023.”
- “40% of retail sales in South Korea are done online, compared to less than 25% in the US and Western Europe.”
- “China’s annual cement consumption has declined by 15% since 2020, but is still more than the United States has consumed in the past 20 years.”
- “India, South Korea and Taiwan have twice as many large, liquid companies open to foreign investors than mainland China.”
— Lisa Kailai Han
1 hour ago
Stock futures rose slightly
Stock futures rose slightly after 6pm ET.
Dow futures rose 0.2%. S&P 500 and Nasdaq 100 futures each rose 0.1%.
— Alex Harring
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