Quote:The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to the last time stocks and bonds fell together: 1994. “The market just sort of digested it, and there was a lot of sideways chop,” the firm’s senior managing director told CNBC’s “Fast Money” on Monday. “There was a lot of bearishness.” It paved the way for an epic market breakout over the next four years. “At the end of the day, earnings carried the day,” noted Emanuel. “That’s what we see when we think about ’22 and ’23 because we don’t think there’s going to be a recession.”Market will break out of slump due to peaking inflation: Evercore ISI
Quote:Chinese real estate developer bond prices have ticked higher as investor confidence gets a boost from policy support for the battered industry. Since March, due to weakening market demand, banks in more than 100 cities in China have lowered mortgage rates by an average of 20 to 60 basis points, Zou Lan, director of the People’s Bank of China’s financial markets department, told reporters Thursday. But analysts point out Beijing’s emphasis that “houses are for living in, not speculation” means the property market won’t resume the high growth of the past.China real estate sector may improve; won't be high-growth market: Analysts