UBS’ Art Cashin joined me at the bar at Bobby Van’s Steakhouse across the street from the New York Stock Exchange for our 10th annual look at the year ahead, and the year that was. Art’s two biggest worries for 2018 are: China could interrupt the synchronized global growth story by aggressively cracking down on […]
Read moreOver the summer, CNBC’s Jim Cramer acknowledged that replacing Zimmer Biomet’s CEO could be good for the company, but he didn’t exactly pound the table on the stock. “Good thing we didn’t jump on the bandwagon, because for the last five months, Zimmer’s stock has continued to fall, almost entirely as a result of two […]
Read moreNot only will tax reform stimulate oil demand, it will likely stimulate U.S. drilling, according to J.P. Morgan senior oil analyst Abhishek Deshpande. Deshpande raised the bank’s 2018 forecast to $60 per barrel on Brent and $54.90 on WTI, anticipating crude will ride the tide of economic growth to increased growth and production. “Going into […]
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Citigroup strategists now see the S&P 500 ending 2018 a modest 4 percent above current levels without much more help from tax cuts. Tobias Levkovich, Citigroup’s chief U.S. equity strategist, had previously based his forecast on a corporate tax rate cut to 25 percent, but he has updated it because the tax bill that is […]
Read moreAmerica’s millionaires are growing more cautious on the stock market and think this year’s rally will fade in 2018, according to the CNBC Millionaire Survey. Millionaires are more cautious about the stock market than they’ve been in years, with more than a third saying the market will be flat to down next year. Generally, they’re […]
Read moreFor over three decades I have learned that the collective wisdom of the markets dwarfs that of any individual analyst, economist or market-watcher. I wrote a book in 2000, “The Message of the Markets,” that forcefully makes that case. The central premise is that as an anticipatory mechanism, the market discounts future economic growth and, […]
Read moreWhite House chief economic advisor Gary Cohn is correct to say the stock market has plenty of room to run even after Republican lawmakers pass a tax bill, CNBC’s Jim Cramer said Wednesday. In an interview with Axios on Wednesday, Cohn said he doesn’t believe the GOP’s tax bill is completely priced into the market. […]
Read moreA British investor who some like to call Britain’s answer to Warren Buffett has given a stark warning on both stocks and bonds. Jim Mellon of the Burnbrae Group says U.S. equities are close to a top, there are ominous signs for the bond market, and profits at large tech companies will likely sag in […]
Read moreWhite House chief economic advisor Gary Cohn predicted Wednesday the stock market’s big run since the November 2016 election will march even higher. “I don’t think a lot of the tax reform is in the stock market,” Cohn said in an Axios interview. “If you look at what the tax plan is going to do, […]
Read moreHe’s taken on President Donald Trump and the Federal Reserve. Now, libertarian former congressman Ron Paul is taking on bitcoin. According to Paul, cryptocurrencies have become an asset that rivals the bubble he sees in stocks. “I think it’s going to continue to do exactly what it’s doing. It’s going higher and it’s going lower,” […]
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