Investors expecting an economic boom under President Donald Trump are now bailing and taking their cash overseas, global investment guru Mark Mobius told CNBC on Tuesday. “As it turns out, I think money is probably now retreating the U.S., taking some of the profits out of the U.S.,” the executive chairman at Templeton Emerging Markets […]
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While most economists say President Donald Trump may be overstating his responsibility for recent better growth and jobs numbers, they say his policies may have had a limited positive influence in some areas. At the same time, they warn, there are ways the president might also be a drag on growth. Take the GDP number […]
Read moreAlan Greenspan, the former Federal Reserve chairman who has a knack for saying memorable things about the markets, is warning of a bond bubble. “By any measure, real long-term interest rates are much too low and therefore unsustainable,” Greenspan told Bloomberg News in an interview. “When they move higher they are likely to move reasonably […]
Read moreMoney manager Neil Hennessy believes a problematic trend is gripping the markets, and it could drag stocks down by 5 to 10 percent at any time. “What the investors are now going into is passive investing. They’re going into these index ETFs. And, the indexes, BlackRock and Vanguard and you name it, they all own […]
Read moreThe “Fast Money” traders shared their first moves for August. Tim Seymour was a buyer of the Guggenheim CurrencyShares Australian Dollar Trust. Karen Finerman was a buyer of Rent-A-Center. Steve Grasso was a buyer of the Energy Select Sector SPDR Fund. Guy Adami was a short-term buyer of Snap. Trader disclosure: On July 31, 2017, […]
Read moreCheck out which companies are making headlines before the bell: Under Armour – The athletic footwear and apparel maker reported a quarterly loss of three cents per share, half of what analysts had expected, and revenue beat forecasts. Under Armour cut its full-year outlook below forecasts, however, and also announced a restructuring that will include […]
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Apple has fallen 5 percent from its recent high, and one trader expects more volatility from the stock when it reports earnings Tuesday afternoon. The options market is currently implying a 3 percent move for the stock in either direction by Friday’s close. But given last week’s sell-off in tech and the sector’s failure to […]
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U.S. crude oil surged into the close of trading to settle above the key psychological level of $50 a barrel. U.S. West Texas Intermediate crude ended Monday’s session up 46 cents at $50.17, its first close above $50 a barrel since May 24. That pushed WTI’s monthly gain to about 9 percent, making July the […]
Read moreWhen it comes to stocks, the best advice is to stick with the old adage and follow the money. More and more, “follow the money” means following flows into exchange traded funds. And July is continuing the strong trend we have seen all year, with $23.4 billion of investor money flowing in, finally putting ETFs […]
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Investors may be in for disappointing market returns in the decade to come with valuations at levels this high, if history is any indication. Analysts at Goldman Sachs pointed out that annualized returns on the S&P 500 10 years out were in the single digits or negative 99 percent of the time when starting with […]
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