Wall Street's top strategists say this year's stock market rally is probably over | Tiger Global Blames "Disgruntled Former Employee" For Mystery Memo Sent To Journalists | Instacart just filed for its IPO and revealed a plan to sell $175 million in stock to PepsiCo

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Wall Street's top strategists say this year's stock market rally is probably over - Markets Insider    The S&P 500 is on pace for a monthly decline after big gains earlier this year, and two of Wall Street's most prominent strategists think the stock market rally is over.  Dubravko Lakos, JPMorgan's chief global stock strategist, said in a CNBC interview earlier this week that the market is capped, and he warned that investors are overly bullish in their positioning.  He also pointed to high stock values relative to earnings, a possible pullback in federal spending next year, and central bank policy remaining tight. Meanwhile, he's skeptical there will be a soft landing in the economy. Continued here Tiger Global Blames "Disgruntled Former Employee" For Mystery Memo Sent To Journalists - Forbes    Tiger Global responded on Friday to an anonymous memo circulating among journalists that makes a number of serious and unsubstantiated claims about the investment firm and its leadership. In a letter sent to the firm's investors on Friday afternoon obtained by Forbes, Tiger wrote that it was being "targeted with a series of information attacks" propagated "anonymously using an encrypted messaging platform." "We strongly believe [they] were written and pushed by a disgruntled former employee with whom we parted ways," the letter, signed by "The Tiger Global Team," added. Tiger Global spokesperson Cara Major confirmed the letter's authenticity but declined further comment. Continued here You Might Like � � � � � � � � � Instacart just filed for its IPO and revealed a plan to sell $175 million in stock to PepsiCo - Business Insider    The grocery delivery service filed a prospectus, a detailed document that outlines Instacart's business and IPO ambitions, on Friday afternoon. Instacart's stock will trade on the NASDAQ Global exchange under the ticker "CART." The company has reportedly considered going public multiple times in the last few years, including after a run-up in demand for grocery delivery in early 2020 as a result of the pandemic. Instacart will also sell $175 million in Series A preferred stock to beverage giant PepsiCo as part of a private placement, according to the document. Continued here

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