Morgan Stanley breaks with rest of Street, thinks October sell-off is ‘morphing’ into a bear market

Morgan Stanley disagrees with the rest of Wall Street: The bank’s top strategists are gearing up for a much longer bear market while others are betting the sell-off is short-lived. “The rolling bear market continues to make progress and there is growing evidence that it is morphing into a proper cyclical bear market in the … Read more

Goldman Sachs: A market rebound is coming driven by company share buybacks

The stock market sell-off over the past month has gotten “overdone” and will be offset in part as companies return to buying back their own shares, according to a Goldman Sachs analysis that sees the market gaining close to 6 percent over the next two months. While acknowledging some economic headwinds in the coming years, … Read more

Nasdaq turns negative as shares of Amazon fall, Dow remains positive

Stocks traded mostly higher on Monday as investors tried to regain their footing amid steep losses this month. Sentiment was also lifted by a big acquisition in the tech space as well as strong gains by bank shares. Gains were pared, however, as a few of the market’s largest technology and consumer discretionary stocks rolled … Read more