Stifel’s Barry Bannister on markets: ‘We see a 10% correction’

Sell in May and go away is more than an investment adage to Stifel Managing Director and Chief Equity Strategist Barry Banister.

It’s going to be another wave up in real yields as the world recovers,” he said.

At the start of 2021, BMO Capital Markets Chief Investment Strategist Brian Belski set a year end price target, 4,200, for the S&P 500.

Belski reaffirmed his price target for the S&P despite an expected weaker second half of the year for stocks.

“This isn’t content moderation, this is conduct moderation,” said Corynne McSherry, legal director at the digital rights group Electronic Frontier Foundation, who said she was concerned about platforms that struggle to effectively moderate content on their own sites extending their reach.

Increasingly, though, they are also acknowledging and tapping the power of algorithms to limit the spread of misinformation or hate speech that doesn’t merit an outright ban.Twitter has used its algorithmic powers in a variety of ways, including putting potentially offensive content behind a warning flag and limiting retweets of information that it isn’t ready to ban entirely.YouTube has changed its recommendation engines to steer away from conspiracy theories and other “borderline content” that was criticized for leading people down rabbit holes that may be good for increasing time spent on the site, but are bad for society.Facebook has changed the way it recommends groups to users in an effort to reduce radicalization and tweaked its algorithm to show more news from credible sources, among other changes.Platforms long tried to avoid such measures for fear of being seen as putting their thumbs on the scale.

The scale of the crisis facing Pyongyang was underlined by the recent exit of Russian embassy staff – one of the few countries to maintain diplomatic relations with the dictatorship – as officials complained of “unprecedented” restrictions of movement as well as shortages of basic goods and medicines.

Members of the World Trade Organization are due to discuss a proposal by India and South Africa to waive certain provisions of the WTO’s Agreement on Trade-Related Aspects of Intellectual Property Rights on April 30, but the United States and a few other big countries have blocked such a move.

The company, which has development programs for conditions including hepatitis B, prostate cancer and non-small cell lung cancer, has raised $216 million to date from Gilead Sciences, Sequoia Capital China and Oxford Sciences Innovation among others.

and Wells Fargo all managed to limit or avoid damage, Morgan Stanley was criticized by some investors and analysts for revealing a $911 million loss only during its earnings this month.UBS fell as much as 4% in Zurich trading, leading European bank stocks lower, as investors digested the Archegos impact, which the bank had considered not material enough to disclose earlier.The “Archegos losses have taken the shine of these results,” JPMorgan analysts Kian Abouhossein and Amit Ranjan wrote in a note.The turmoil at cross-town rival Credit Suisse had afforded Hamers a period of relative calm, even as the bank fights a $4.5 billion penalty in France and the new CEO himself saw his short tenure complicated by a Dutch probe into his role in a money-laundering case at his former employer ING Groep NV.UBS booked a $774 million hit from Archegos in the first quarter, driving down revenue from equities trading by 20%.

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