Jessica Menton
2,788 posts
- Some career news: Happy to share I’m deputy team leader for the US equities team at Bloomberg News @business, with a focus on macro stock market coverage. Very exciting!
- Some professional news! I’m now senior reporter for the US equities team at Bloomberg News @business and will continue my role as deputy team leader for our all star group 🚀🚀🚀
- BTIG: “With the exception of 2010, every notable drawdown in the last two decades hasn’t concluded until less than 20% of the R3K has been below its 200 DMA (currently 33%). We are also still lacking a 90% downside volume day. Getting closer but not quite there yet.” @jkrinskypga
- BofA global fund manager survey: Investor allocation to equities relative to bonds drops to its lowest level since the global financial crisis, via Michael Hartnett
- Some professional news: I’m joining @USATODAY this week to cover personal finance 💸 and the financial markets 📈. Very excited and grateful for this opportunity!
- $SPX at risk for head and shoulders top while below 4546-4600, via BofA. “…a bearish weekly reversal on a failed attempt to clear resistance at 4495-4546…increases the risk for a 6-month head & shoulders top,” and a break below 4200s would confirm pattern, according to BofA.
- ✨Some professional news✨I’m joining Bloomberg @business as an equities reporter in December! Still based in NYC. Very exciting 😁
- BofA Fund Manager Survey: “FMS cash up to 5.9% (from 5.3%) as investors got more cautious/bearish…highest level since Mar’20. This triggers…tactical “Buy” signal...BofA Bull & Bear Indicator is down slightly to 2.8 from 2.9; sentiment is bearish but not yet extreme bearish.”
- BofA’s latest Fund Manager Survey: Investors are the most underweight on US equities since 2005
- Replying to @JessicaMentonSince 1950, $SPX averages an intra-year pullback of 17.1% in midterm years (via @RyanDetrick). But final 3 months of a midterm year and first 2 quarters of the following year (pre-election year) have been some of the strongest for stocks in the 4 year U.S. presidential cycle.
- In the past three weeks, BofA’s client inflows into single stocks as a percentage of $SPX market capitalization were in the 99th percentile of history since 2008 bloomberg.com/news/articles/…
- Switzerland is granting UBS a 9 billion franc ($9.7 billion) guarantee to cover potential losses related to its takeover of Credit Suisse via @TheTerminal
- The CPI-PPI spread in December was 0.3% — the first positive reading in two years. Negative spreads historically point to weaker operating margin growth & lower equity returns, while positive spreads typically result in stronger gains for stocks, via @BBGIntelligence
