Stocks may have stabilized after the mid-May rout, but warning signs are mounting that the economy is entering a rough patch and markets could slip back into sell mode.
Here are three red flags tossed on the plates of investors this week:
Whales Whining
When JPMorgan (JPM) CEO Jamie Dimon speaks, it’s often wise for investors to listen. And when the long-time bank CEO warns of trouble ahead, it’s best to listen that much more closely.
Speaking at a conference sponsored by AllianceBernstein Holdings on Wednesday, Dimon said the U.S. economy is facing a “hurricane” as the Federal Reserve continues its process of normalizing interest rates.
ທ່ານ Dimon ກ່າວຕໍ່ກອງປະຊຸມວ່າ "ດຽວນີ້, ມັນມີແສງແດດຫຼາຍ, ທຸກຢ່າງແມ່ນດີ,". "ທຸກຄົນຄິດວ່າ Fed ສາມາດຈັດການກັບສິ່ງນີ້ໄດ້. ລົມພະຍຸເຮີຣິເຄນນັ້ນກຳລັງມາທາງພວກເຮົາ. ພວກເຮົາພຽງແຕ່ບໍ່ຮູ້ວ່າມັນເປັນການຄ້າຫນ້ອຍຫຼື Superstorm Sandy… ຫຼື Andrew ຫຼືບາງສິ່ງບາງຢ່າງເຊັ່ນນັ້ນ. ແລະເຈົ້າຕ້ອງຍຶດຕົວເຈົ້າເອງ.”
ເພື່ອວ່າ, here’s what top CEOs are telling Yahoo Finance about a potential recession.
Big Tech Warnings
While Salesforce (CRM) offered up a bullish outlook this week, most of the earnings news from big tech has been dour to say the very least.
Microsoft (MSFT) slashed its full year sales and earnings guidance on Thursday, blaming volatile foreign currency markets.
Fellow computing giant Hewlett Packard Enterprises (HPE) dropped its full year profit outlook Wednesday evening. The company said its pullback from Russia and volatile foreign currency markets are weighing on its outlook.
HPE’s CFO Tarek Robbiati told Yahoo Finance Live the company is still also dealing with ongoing supply chain challenges (see video above).
Meanwhile, software player C3.ai (AI) also reported a lackluster quarter Wednesday evening. Veteran tech exec and CEO of C3.ai Thomas Siebel told analysts on a conference call customers were delaying orders due to economic uncertainty.
A key bond market player warns
Ratings outfit S&P Global (SPGI) warned on Wednesday of an “extraordinarily” weak bond market and suspended its full year forecast.
“Macroeconomic conditions have deteriorated since S&P Global last provided financial guidance on May 3, 2022, negatively impacting the Company’s expectations for GDP growth and debt issuance volumes,” ບໍລິສັດກ່າວວ່າ.
“Given the volatility and uncertainty in the issuance environment, the Company cannot affirm its previously issued guidance and expects to reintroduce formal financial guidance in conjunction with its second quarter 2022 earnings results,” S&P Global went on to say.
Brian Sozzi ເປັນບັນນາທິການໃຫຍ່ແລະ anchor ຢູ່ Yahoo Finance. ຕິດຕາມ Sozzi ໃນ Twitter @BrianSozzi ແລະ LinkedIn.
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Source: https://finance.yahoo.com/news/3-fresh-signs-a-treacherous-stock-market-lurks-172617388.html