Stocks crashing? No, but here’s why this bear market feels so painful — and what you can do about it.

Hashtags about a stock-market crash may be trending on Twitter, but the selloff that has sent U.S. equities into a bear market has been relatively orderly, say market professionals. But it’s likely to get more volatile — and painful — before the market stabilizes. It was indeed a white-knuckle ride for investors Friday as the … Read more

Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” — Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime … Read more

Why stock-market investors fear a full percentage point Fed rate hike would ‘unnerve’ Wall Street

With both U.S. stocks and bonds under pressure on Tuesday, some on Wall Street argue that investors are underestimating the possibility that the Fed might deliver a surprise 100 basis-point interest rate hike at the close of its two-day policy meeting on Wednesday. While fed-funds futures traders overwhelmingly anticipate a hike of 75 basis points, … Read more

‘More pain to come’ for stocks as S&P 500 likely to bottom around 3,300, Interactive Brokers’ founder says

““I think there is more pain to come. I expect the market to bottom out around 3,300. As interest rates indicate today, the Fed still has quite a bit of work to do,”” — Thomas Peterffy, chairman and founder of Interactive Brokers Thomas Peterffy, the chairman and founder of Interactive Brokers, shared some thoughts about … Read more

The next financial crisis may already be brewing, but not where many expect

A growing number of traders, academics, and bond-market gurus are worried that the $24 trillion market for U.S. Treasury debt could be headed for a crisis as the Federal Reserve kicks its “quantitative tightening” into high gear this month. With the Fed doubling the pace at which its bond holdings will “roll off” its balance … Read more

U.S. stocks open higher as investors assess Fed rate outlook, await key speeches

U.S. stocks opened higher Wednesday, shaking off modest weakness seen earlier after The Wall Street Journal reported that policy makers appeared to be on track to deliver another 75 basis-point rate increase this month. Investors were also awaiting a speech from Federal Reserve Vice Chair Lael Brainard, among other senior Fed officials, along with the … Read more

Here’s what Morgan Stanley says will fuel another decline in stocks

Morgan Stanley’s been widely credited, at least among the major Wall Street banks, for correctly predicting the rough ride that stocks would endure this year. Morgan Stanley strategist Mike Wilson says there’s more pain in store, but for a different reason. What’s hit U.S. stocks so much this year– the S&P 500 SPX, -1.07% has … Read more

U.S. June inflation report circulating on internet Tuesday is fake, Bureau of Labor Statistics says

The U.S. Bureau of Labor Statistics said Tuesday that a release circulating online purporting to show June inflation data, due for release on Wednesday morning, was a forgery.  “We’re aware of a fake CPI release image circulating on Twitter. It is a fake. Stay tuned for the real CPI release tomorrow at 8:30 AM ET,” … Read more

‘Markets are imploding’ because the Fed isn’t doing its job, says billionaire investor Bill Ackman

“‘How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do “whatever it takes.”’” — Bill Ackman, founder and CEO, Pershing Square Capital That’s hedge-fund billionaire Bill Ackman sounding off on Twitter Tuesday, blaming a timid Federal Reserve for not doing … Read more

The S&P 500 is on the brink of a bear market. Here’s the threshold.

The latest bull market for U.S. stocks was on the brink of expiring Thursday afternoon, with the benchmark S&P 500 holding just shy of the threshold that marks bear territory. The S&P 500 SPX, -0.13% was down 73 points, or 1.9%, at 3,860.88 in afternoon trade, after finishing Wednesday around 18% below its record close … Read more