@_kitrees

Editor on Markets Today at Bloomberg News, covering UK assets and macroeconomics

 London
bloomberg.com/latest/uk-markets-today
Joined August 2015
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It’s a brisk start to the week with Keir Starmer’s resignation, but UK assets have largely taken it in stride. Investors may be growing used to the UK’s political uncertainty, and the next leader could face economic constraints to their policies. Still, expect some volatility.
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Andy Burnham’s win in the Makerfield by-election means that UK markets could be in store for another dose of political uncertainty. The response in markets has been orderly so far, but going forward investor focus will be on any leadership challenge and policy changes.
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The BOE kept rates on hold at 3.75%, as expected. Going forward, a lot hinges on energy prices. Despite Brent sliding as the US and Iran strike an interim deal, there’s still a lot of uncertainty. The BOE might not have acted today, but we'll see if it needs to in the future.
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Looks like it will be 15 years and out for #Burberry in the #FTSE100 @marketsjoe @_kitrees bloomberg.com/news/articles/… via @markets

Burberry’s 15-Year Stay in FTSE 100 Nears End After Share Slump

Burberry Group Plc is on the verge of exiting the FTSE 100 Index, ending the luxury-goods maker’s 15-year stay in the UK blue-chip gauge.

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A $20 billion merger in the packaging industry spells one thing for the UK stock market: the prospect of losing yet another of its top companies bloomberg.com/news/articles/… via @markets @_kitrees

London's FTSE 100 Is About to Lose Another Big Name

A $20 billion merger in the packaging industry spells one thing for the UK stock market: the prospect of losing yet another of the top companies from its benchmark index.

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The early winners in AI have strong fundamentals and less extreme valuations compared with stocks in previous periods of exuberance, Goldman strategists say, rebutting concern that a bubble is building in tech's hottest sector bloomberg.com/news/articles/… via @technology @_kitrees

Goldman Says AI Stock Valuations Are ‘High But Not Excessive’

The early winners in artificial intelligence have strong fundamentals and less extreme valuations compared with stocks seen in previous periods of exuberance, according to Goldman Sachs Group Inc....

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Kit Rees retweeted
Thyagu
@Thyagu19 Dec 2022
Meta's Mega Wipeout to Credit Suisse's Worst Run: Here are the top 10 most dramatic moments in stock markets for 2022 bloomberg.com/news/articles/… via @markets @_kitrees @brebradham @IshikaMookerjee

Most Dramatic Stock Moves of 2022 Led by Meta’s Nosedive

From a little-known manufacturing firm’s 13,000% rally in its US stock-market debut to a flash crash across Nordic stocks, there was no shortage of dramatic moments that consumed equity investors’...

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Some investors see the end of an era for FAANG stocks after the NASDAQ’s rout this year: bloomberg.com/news/articles/… @markets @PhilSerafino

Investors Call Time on FAANG Stock Dominance After Nasdaq’s Rout

For some investors, this year’s rout in high-flying technology stocks is more than a bear market: It’s the end of an era for a handful of giant companies such as Facebook parent Meta Platforms Inc....

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Kit Rees retweeted
Thyagu
@Thyagu23 Nov 2022
A growing chorus of Tesla analysts say the market wipeout has gone far enough. Adam Jonas says distraction caused by Twitter needs to end to stop the stock slide bloomberg.com/news/articles/… via @markets @_kitrees @BethMellor1
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Tesla's market value HAS HALVED in the past year, $600 billion in market cap wiped out bloomberg.com/news/articles/… via @markets @_kitrees @JPBarnert #TSLA

Tesla’s Value Cut in Half in Year Rocked by Musk Stake Sales

Elon Musk’s latest sale of Tesla Inc. stocks, following repeated denials that he planned to offload more shares, is helping to wipe out the last vestiges of a rally in the electric carmaker over the...

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A $6 billion wipeout was an omen for food delivery firms, which are finding out the hard way that investors are no longer willing to look past continual losses and rising costs. by @_kitrees @IvanLevingston trib.al/ZCVKsIr

A $6 Billion Wipeout Was an Omen for Food Delivery Stocks

Europe’s food delivery firms are finding out the hard way that investors are no longer willing to look past continual losses and rising costs.

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Our reporters surveyed over 100 of the world’s biggest fund managers to ask what’s keeping them up at night heading into 2022. Here is our story: bloom.bg/3oUB8wu @markets @nchrysoloras @JPBarnert @mikamsika

Central Bankers Are the Biggest Risk to Stocks in 2022, Survey Finds

A hasty policy shift by central banks anxious to tame surging inflation is the biggest downside risk for global stocks next year, according to an informal Bloomberg News survey of fund managers.

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Morgan Stanley analysts make a bullish call on Apple stock, matching Wall Street's most ambitious forecast bloomberg.com/news/articles/… via @markets @_kitrees

Apple Gets Another Street-High Target on Virtual Reality Boost

Apple Inc. got its second Street-high price target as Morgan Stanley sees it benefiting from new product categories in virtual reality and autonomous vehicles.

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ICYMI, Darktrace #DARK may be booted out of the FTSE 100: With @_kitrees: //www.bloomberg.com/news/articles/2021-11-23/darktrace-may-drop-out-of-ftse-100-leaving-u-k-with-tech-gap
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#TSLA got a big price target hike at Wedbush; the broker is now tied with Jefferies as the biggest bull on Wall Street. Via @_kitrees: bloomberg.com/news/articles/…

New Tesla Price Target Ties Wedbush as Most Bullish Analyst

Even the recent drop in Tesla Inc. shares isn’t enough to dissuade its most bullish analysts.

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good read --> Pandemic winners from online fashion retailers to companies supporting remote-working are suffering lockdown withdrawal symptoms. bloomberg.com/news/articles/… via @technology @_kitrees @Thyagu

TeamViewer Warning a Wake-Up Call for Europe’s Lockdown Darlings

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Yields on the rise? Banking stocks back in favor, tech out of fashion: Citi bloomberg.com/news/articles/… via @markets @_kitrees @pajemiki

Citi Says Banks Are In, Tech Is Out Ahead of Rates Lift-Off

In the race to find the best hedges against higher rates and inflation, Citigroup Inc.’s chief global equity strategist is moving with the tide toward global financial stocks.

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Market risks are piling up after a record-setting earnings season: bloom.bg/3DAtYmm with @marketsjoe @PhilSerafino via @business

Stock Market Risks Pile Up After Record-Setting Earnings Season

Delta cases. Inflation. Fed tapering. China’s crackdown. These are among the reasons why investors could soon get more nervous about this stock market.

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