Need to Know: Merrill Lynch is on the lookout for this trio of red flags
The Nasdaq is set for a 3% gain on the week, besting the Dow and S&P 500, which aren’t looking too shabby themselves, with respective rises of 1% and 2%-plus so far. Remember that the Dow has been weighed down by almost daily bad news for aircraft manufacturer and defense contractor Boeing.
“When the BofAML Bull & Bear Indicator moves above 8; the following three drivers would push the indicator toward ‘excess bullishness’ in the next 4-6 weeks,” say the strategists. As well, the bank says it’s also watching out for these signals: when a combination of higher U.S. jobless claims and credit spreads “indicate recession and debt deflation,” or when higher Treasury yields and a lower dollar point to inflation and a policy mistake by the Fed.
As Colombo explains, C&I loans finance capital expenditures or help boost working capital for borrowers, and help signal when an economic expansion is under way. It turns positive two years after a recession, but also provides a warning when an economic cycle is approaching its end. A suspected gunman appears to have livestreamed the attack, with YouTube and Facebook being criticized for not taking the videos down fast enough. Some accounts say one shooter told followers to subscribe to Pewdiepie, a YouTube star who later tweeted of revulsion at being mentioned by the attacker.
Nike NKE, +1.09% could be in focus after Duke player Zion Williamson was back on the court in some custom-made shoes by the company. That’s after a memorable game last month that ended for him when one of his Nike sneakers virtually disintegrated as he fell to the floor with a knee injury.
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