Markets News Stocks 

The stock market’s recent turbulence reminds one expert of the periods before the past 2 financial crises — here’s how he says investors should respond

“Buying some cheap protection now against the risk of US entering recession prematurely would make sense in our view,” Bokobza said” writes Joe Ciolli for businessinsider.com. And for that reason, the caution being stressed by the firm sits at odds with the market’s seemingly voracious risk appetite.It shows that past instances of elevated volatility were accompanied by the types of sudden economic contractions. Source: businessinsider.com

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Markets News Stocks 

Investors are reverting back to the same bad habits that doomed the stock market last year. Here’s what Morgan Stanley says they should be doing instead.

“In terms of what investors can do, Wilson says he’s keeping his highest ratings on more defensive stocks including utilities and household products makers” writes Marley Jay for businessinsider.com. “Cyclicals and expensive growth stocks are high beta and both have performed well year-to-date in what has been a broad beta rally,” he wrote.”The market is still not convinced we are out of the woods on growth concerns,” Michael Wilson said in a recent client note.But Morgan Stanley’s chief US equity strategist says investors shouldn’t get too comfortable. Source: businessinsider.com

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A civilian was also injured in the mishap, police said.

“Indian Air Force personnel gather around the wreckage of one Surya Kiran ‘Hawk’ aircraft after two of them collided in mid-air and crashed during India’s biennial international Air Show rehearsal at the Yelahanka Air Force Station in Bangalore on February 19, 2019” reports huffingtonpost.com. BENGALURU — A pilot was killed and two others ejected to safety when two aircraft of IAF’s aerobatic team Surya Kiran crashed near the Yelahanka airbase on Tuesday, a day before the opening of the Aero India show, a top police official told PTI. The mishap…

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An agency hid Tesla crash data for nearly two years. Is that any way to build trust in driverless cars?

“Congress will have a chance to revisit the data questions when it again tries to pass driverless legislation later this year” writes R A for latimes.com. One of the groups that might be knee-deep in that effort — PAVE (Partners for Automated Vehicle Education) — has identified data transparency as a key issue in building public trust in driverless tech. Source: latimes.com

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Tesla’s main Autopilot safety stat is seriously flawed

“But last week a small research group finally obtained most of the data NHTSA used to reach that number and found the underlying data was severely flawed” writes Sasha Lekach for mashable.com. Following a deadly Tesla crash involving Autopilot, Tesla’s semi-autonomous advanced driver assistance system, a 2017 federal report found that Autopilot led to a 40 percent crash reduction.The QCS researchers wrote in their report, “Remarkably, NHTSA’s announcement was not accompanied by any of the data underlying this astonishing claim.”. Tesla continues to earn high marks in crash safety tests. Source:…

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The Latest: Chilean skier in heavy crash in Alpine combined

“The Alpine combined race at the skiing world championships has been delayed by an hour because of strong winds” reports yahoo.com. The Latest: Chilean skier in heavy crash in Alpine combined Third placed United States’ Lindsey Vonn poses during the medal ceremony for the women’s downhill race at the alpine ski World Championships in Are, Sweden, Sunday, Feb.10, 2019. (AP Photo/Gabriele Facciotti) ARE, Sweden (AP) — The Latest from the skiing world championships (all times local): Chilean skier Henrik von Appen has crashed in the downhill portion of the Alpine…

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Markets News Regulators Stocks 

The Fed may have sparked the latest stock rally, but one expert says it’s actually planting the seeds for the next market crash

“And as the stock market has continued to grind mostly higher, he’s persisted with his calls, undeterred” writes Joe Ciolli for businessinsider.com. At the center of that argument are so-called market internals, which are a series of indicators that take the overall pulse of the equity landscape.His main argument is that the Fed’s monetary easing practices have created unsustainable market conditions.The chart below shows how powerful monetary policy has been as a market driver during periods when market internals were either favorable or unfavorable. Source: businessinsider.com

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