TOP MARKETS NEWS: Week 05/16 – 05/22

Weekend 05/21 & 05/22

Week Ahead: Investors Brace For Retail Sector Earnings; Dollar Could Correct – investing
Shanghai reopens some public transport, still on high COVID alert – Reuters
Week Ahead: The ECB is not the Fed – nordea

Friday 05/20

Dow Suffers Longest Losing Streak In 99 Years, Bonds & Bullion Bid – Zerohedge
Stocks close flat in wild session Friday that saw the S&P 500 briefly fall into a bear market – cnbc
12 Nightmarish Economic Trends That We Should Expect To See During The 2nd Half Of 2022 – Zerohedge
Wall Street ends mixed, Tesla falls – Reuters
The US economy is ‘nowhere near a recession this year,’ says an economist—but 2023 is a different story – cnbc
Stocks making the biggest moves midday: Deere, Foot Locker, Palo Alto Networks and more – cnbc
Recession is ‘likely,’ former SEC chief economist says. Here’s his advice for how to prepare – cnbc
Rabobank: We Are In An Undeclared Global Economic War, And Worldwide Famine Is Coming – Zerohedge
What Can Stop This Relentless Selling? Some Thoughts From JPMorgan – Zerohedge
Morgan Stanley Joins Wedbush In Souring On Tesla’s Coming Q2 Results – Zerohedge
Supply Chain Congestion Set To Worsen As Container Rates Rebound On Easing China Lockdowns – Zerohedge
Futures Jump After China Cuts Main Lending Rate By Most On Record But $1.9 Trillion Op-Ex Looms… – Zerohedge
“Build Blackouts Better”: Half Of America Faces Power Blackouts This Summer, Regulator Warns – Zerohedge


Thursday 05/19

Business Live – guardian
Fed’s George Says Central Bank Watching Stocks, Confirms Fed Ok With Lower Prices – Zerohedge

Stocks making the biggest moves after the bell: Palo Alto Networks, Ross Stores, Deckers & more – cnbc
Bitcoin, Bonds, & Bullion Jump As Dollar Dumps After Dismal Data – Zerohedge
S&P 500 falls again on Thursday, inching closer to bear market territory – cnbc
Goldman Is Quietly Handing Out A “Recession Manual” To Clients – Zerohedge
Nomura: The ‘Calmest Selloff Ever’ Is Over, Brace For Turbulence Ahead – Zerohedge
Wells Fargo CEO Warns “No Question” Worst Is Yet To Come For Americans – Zerohedge
Stocks making the biggest moves midday: Cisco, Kohl’s, CSX and more – cnbc
Rabobank: If You Thought People Were Angry In 2016, Just Wait… – Zerohedge
US Existing Home Sales Slump To 2-Year Lows, NAR Warns “More Declines Imminent” – Zerohedge
Initial Jobless Claims Surge To 4 Month High, Philly Fed Plunges – Zerohedge
Eurozone Recession Likely in Event of Sudden Halt in Russian Gas – fitch
Market Rout Extends With Futures Tumbling To Verge Of Bear Market – Zerohedge
Brits ‘Most Miserable’ In 30 Years As Inflation Soars To Thatcher-Era High – Zerohedge
European stocks fall as inflation fears rattle global markets; Stoxx 600 down 2% – cnbc
Asia markets sell off as Hong Kong’s Hang Seng falls more than 2% and Tencent shares plunge – cnbc

JPMorgan cuts U.S. GDP estimates for 2022 and 2023 – Reuters
Over-Aggressive Fed Faces “Financial Accident” – Guggenheim Warns Recession Risk Rising – Zerohedge
Deutsche Bank says S&P500 to 3650, then as high as 4800 by the end of this year – forexlive


Wednesday 05/18

Business Live – guardian
Wells Fargo sees end of year U.S. recession, cuts GDP view – Reuters
Most CEOs are bracing for a recession – cnn

Cisco Crashes 20% On Catastrophic Guidance; Blames China, Ukraine – Zerohedge
Cisco stock plunges 17% as company forecasts surprising revenue decline – cnbc
Stocks & Bond Yields Crater As The ‘American Consumer Is Strong’ Narrative Implodes – Zerohedge
Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies – cnbc
Goldman Economist Warns US Consumers Maxing Out Credit Cards Will Lead To Late 2022 Spending Collapse – Zerohedge
Here’s what Walmart, Target, Home Depot and Lowe’s tell us about the state of the American consumer – cnbc
Goldman Sachs cut its forecast for China economic growth citing zero covid – forexlive
Rabobank: If The US Is Going To Win This War, It Needs Higher Rates, A Stronger Dollar, And Lower Commodity Prices – Zerohedge
Stocks making the biggest moves midday: Target, Lowe’s, TJX and more – cnbc
Target’s Plunge Exposes Inflation’s Risk To Margins – Zerohedge
Chicken Wings for $34? Pent-Up Inflation Will Drive US Food Costs Even Higher – Bloomberg
Why Tesla was kicked out of the S&P 500′s ESG index – cnbc
S&P Cuts World’s Largest EV Maker From ESG Index, Musk Slams “Outrageous Scam” – Zerohedge
When might the UK inflation rate come down? – BBC
Futures Slide After Dismal Target Earnings, Plunging Mortgage Apps – Zerohedge
Stocks making the biggest moves premarket: Target, Walmart, Carrier Global and others – cnbc
Global debt hits record high of $305 trillion – forexlive
US economy heading into downturn, Wells Fargo CEO warns: ‘No question’ – foxbusiness

Tuesday 05/17

Business Live – guardian

Stocks Surge, Bonds Purge As FedSpeak Offers Nothing New – Zerohedge
Dow rallies 400 points as market comeback from the year’s lows gains steam – cnbc
Mood On Wall Street Has Never Been More Apocalyptic; Tech Short Is Biggest Since 2006 – Zerohedge
Powell says the Fed will not hesitate to keep raising rates until inflation comes down – cnbc
Fed To Keep Pushing Until Inflation Comes Down: Key Takeaways From Powell’s Interview – Zerohedge
Stocks making the biggest moves midday: Walmart, Citigroup, Paramount and more – cnbc
US Industrial Production Hits New Record High In April – Zerohedge
US Retail Sales Growth Slows In April – Zerohedge
FX Daily: A welcome respite for FX markets – ing
Futures Jump Amid Optimism China’s Covid Lockdowns Are Ending – Zerohedge
European stocks head for higher open as global markets strive to build positive momentum – cnbc
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns – Zerohedge
Hong Kong’s Hang Seng index jumps more than 2%, leading gains as Asia-Pacific stocks rise – cnbc
JPMorgan’s Humiliation Is Complete: Bank Turns Overweight On Same Chinese Stocks It Called “Uninvestable” Just Weeks Ago – Zerohedge
JPMorgan upgrades China tech stocks two months after ‘uninvestable’ call sent market into freefall – scmp


Monday 05/16

Europe’s growth forecast cut as Ukraine war drives up inflation; diesel price hits record – business live – guardian
Empire Fed Manufacturing Survey Unexpectedly Crashes To Post-COVID Lows – Zerohedge
Morgan Stanley Sees S&P Tumbling As Low As 3,400: “That’s Where Valuation And Technical Support Lie” – Zerohedge
Goldman Sachs’ Blankfein says firms should be prepared for a recession. – forexlive


Stocks making the biggest moves after hours: United Airlines, Take-Two Interactive & more – cnbc
Growth Scare Sparks Stock Chaos; Bonds & Bullion Jump As Bitcoin & The Buck Dump – Zerohedge
S&P 500 falls as market struggles to recover from multiple weeks of losses, Nasdaq down more than 1% – cnbc
Musk reportedly says Twitter deal at lower price ‘not out of the question’ – cnbc
Oil prices rise on China demand optimism, gasoline strength – Reuters
“It Was A Mistake” – Bernanke Says Fed’s Fear Of ‘Shocking’ The Market Delayed Tightening Move – Zerohedge
Fed’s Williams: Demand is far exceeding supply, monetary policy can bring it back in line with supply – fxstreet
Foreigners Sold The Most US Stocks On Record In March, China Dumps TSY Holdings To Lowest Since 2010 – Zerohedge
Stocks making the biggest moves midday: Spirit Airlines, Eli Lilly, Signature Bank and more – cnbc
Luna Foundation Sold 80,000 Bitcoin Amid UST Crash – Zerohedge
Microsoft CEO Satya Nadella tells employees that pay increases are on the way – cnbc
“Debt Piles Haven’t Shrunk”: SocGen Warns Bear Market Will Lead To Fresh Corp Leverage Concerns – Zerohedge
Futures Slide After China’s “Huge” Data Miss Sparks “Broad-Based Recession Talk” – Zerohedge
Key Events This Week: Retail Sales, Housing Data And Barrage Of Fed Speakers – Zerohedge
Asia markets mixed, China stocks fall after economic numbers disappoint – cnbc
Rabobank: There Are Whispers Of A Shift To Physical Commodities Being Used As Trade Settlement – Zerohedge
Wheat Prices Soar As India Restricts Exports – Zerohedge
China’s economic data disappoint in April as Covid controls weigh – cnbc
Weekend – Goldman Sachs cut their US economic growth forecasts – forexlive
Bull and Bear Markets Both Offer Second Chances – wisdomtree