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Stock impact report

Near-Term Pessimism Driving Markets, But Many Ingredients For A Rally Still Present

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: PR Newswire
KING OF PRUSSIA, Pa., Jan. 14, 2019 /PRNewswire/ -- Markets have discounted a great deal of future slowdown driven by the many political and economic factors weighing on stocks over the past month, according to the Investment Insights issued today by BNY Mellon's Lockwood Advisors, Inc. (Lockwood). Since the fourth quarter, investors have not put much stock in economic forecasts, fundamentals and valuations, according to the report. Instead, they have largely been preoccupied with future developments, as technical and pessimistic sentiment has driven markets. "Markets were rattled by politics in the fourth quarter, with concerns over global growth, central bank tightening, trade disputes, uncertainty around Brexit, and plummeting oil prices among the factors that weighed on investor sentiment," said Matthew Forester, chief investment officer at BNY Mellon's Lockwood Advisors and the author of the report. "But the U.S. economy's changing trajectory is not that different than that of tu Show less Read more
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