Sell in May and go away? Not this year. Expect a June swoon? Don’t hold your breath. These old market adages are in the past, says LPL Financial’s Ryan Detrick. “There’s still a lot more positives which makes us think maybe this kind of a surprise summer rally can continue if we get a little […]
Read moreGerman equities have come into focus as European markets were thrown into disarray this week. With so many headlines pushing these stocks around, it is worth dissecting them one by one, starting with the news out of Italy. As nationalism and populism continue to roil European equity and bond markets, fears that Italy could lean […]
Read moreU.S. crude prices sank on Thursday after a brief rally in the previous session, but analysts say the recent slump in oil prices won’t last much longer. In the five sessions through Tuesday, U.S. crude futures fell from more than $72 a barrel to just under $67 a barrel, shedding 7.6 percent. International benchmark Brent […]
Read moreThere are a lot of books out there on Warren Buffett but, if the Oracle of Omaha had to choose his favorite, he would say Lawrence Cunningham’s “The Essays of Warren Buffett.” It’s “the most representative book on my views,” Buffett said at the 2000 Berkshire Hathaway shareholder meeting, “because he essentially has taken my […]
Read moreEuropean leaders may be scratching their heads because they’ve never seen anyone like President Donald Trump, CNBC’s Jim Cramer said Thursday. “The Europeans don’t know what to do. I think they’re a little taken by surprise,” said Cramer, referring to the Trump administration’s decision Thursday to impose 25 percent steel and 10 percent aluminum import […]
Read moreCommerce Secretary Wilbur Ross said Thursday that stock markets will “adjust” to any changes in U.S. trade relations. “A 170-[point decline] is not very cataclysmic in any event,” Ross said Thursday on CNBC’s “Squawk on the Street.” “Naturally, if the market, to the degree it was surprised, it’ll have to adjust to that. But markets […]
Read moreGlobal stock markets rebounded yesterday after political crises in Italy and Spain sent stocks into a tailspin. Unfortunately, for investors things could get worse from here. This week the country’s two largest parties, the left-wing 5-Star Movement and the right-wing League, tried to appoint an anti-European Union politician as finance minister, but it was vetoed […]
Read moreWharton School finance professor Jeremy Siegel appears to be wandering from the bull camp. Siegel, who helped lead 2017’s rally cry, told CNBC’s “Trading Nation” that he isn’t blaming Italy’s political turmoil, the latest headline to rock the markets, for a borderline bearish forecast. Rather, he cited risks from rising rates to trade tensions. “The […]
Read moreCheck out the companies making headlines before the bell: General Motors – Softbank’s Vision Fund is investing $2.25 billion in GM Cruise, the General Motors autonomous vehicle venture. GM will also inject a fresh $1.1 billion into the unit, assuring funding through the planned beginning of commercialization in 2019. Dollar General – The discount retailer […]
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Renewed favor for safe haven assets in May has pushed the U.S. dollar to trade at its highest level of the year. Its steep run-up has set it up for a pullback, says one market watcher. “The dollar has become very overbought,” Matt Maley, equity strategist at Miller Tabak, told CNBC’s “Trading Nation” on Wednesday. […]
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