WALL Street traders are bracing for fresh equity-market fireworks after another week of global turbulence.In a quarterly event known as triple witching, roughly US$ 3.5 trillion( RM14.7 trillion) of single-stock and index-level options are set to expire, according to Goldman Sachs Group Inc.At the same time, more near-the-money options are maturing than at any time since 2019 – suggesting a bevy of investors will actively trade around those positions. And once again, this triple witching coincid

It also caught Wall Street’s handicappers off guard.... At Morgan Stanley, Mike Wilson pushed out his prediction for a peak-to-trough decline of at least 10% for the SP 500 to early next year.... Since 1927, the SP 500 has notched gains in the final three months about 60% of the time....

HOPES that an economic soft landing will lead the Federal Reserve( Fed) to pull back on interest rates have ignited Wall Street’s appetite for stocks, despite concerns of slowing growth and the potential of an inflationary rebound in 2024. The SP 500 is up about 9% in November, on track for its biggest monthly gain since July 2022. Trends that had worried investors throughout 2023, such as the climbing dollar and elevated US Treasury yields, are reversing, while the market’s most closely watched