“Both [Fundstrat technical strategist Rob Sluymer and I] think it’s more like 2029 is the peak of this equity market cycle and then, the S&P is 6,000 to 15,000,” said Lee, head of research at Fundstrat Global Advisors, on CNBC’s “Halftime Report” on Friday. “So I think it’s just important to be long-term oriented right […]
European equities closed provisionally higher Friday as investors digested strong economic data. The pan-European Stoxx 600 provisionally closed 0.5 percent higher, hitting its highest level since August 2015, while the euro zone’s Stoxx finished the session 0.8 percent higher, hitting a 10-year high. Basic resources were among the gainers following strong demand figures for metal […]
Losses among Boeing, General Electric and other big industrial companies weighed on U.S. stocks Thursday, pulling the market below the record highs it set the day before. Energy stocks contributed to the modest decline following a slide in crude oil prices. Technology companies accounted for the biggest gains. Bond yields climbed to their highest level […]
The bond market is in the process of making an important move, and stock traders are keeping a wary eye on it. On Thursday afternoon, the benchmark 10-year Treasury yield crept close to 2.63 percent, a level it came near last year but has not really traded above since 2014. The yield was above 2.62 […]
European markets closed slightly higher on Thursday, as investors monitored recent gains from Wall Street. The pan-European Stoxx 600 closed provisionally almost 0.2 percent higher, with most sectors and major indexes in positive territory. Technology stocks were among the gainers Thursday, up 1.4 percent amid corporate earnings news. A flurry of brokerages upgraded their stock […]
Check out which companies are making headlines before the bell: Morgan Stanley – The investment bank reported adjusted quarterly profit of 84 cents per share for the fourth quarter, 7 cents a share above estimates. Revenue also came in above Street forecasts. The company said it saw growth across all its business segments during 2017. […]
Equity markets bounced back Wednesday after a wild ride in the previous session, and one top technical strategist sees a more pronounced decline ahead as we near the latter half of the month. The S&P 500 will likely see a loss of momentum in the coming sessions with a potential 4 to 5 percent pullback into February, […]
A broad rally on Wall Street propelled the Dow Jones industrial average to close above 26,000 points for the first time Wednesday. The sharp gains also delivered record highs for the Standard & Poor’s 500 index and the Nasdaq composite, wiping out the market’s modest losses from a day earlier. Technology and health care companies […]
Asset management firm Fasanara Capital compared stock valuations to bitcoin in that “it is totally disconnected from fundamentals,” its chief executive told Impending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flows Still, a major selloff hasn’t arrived, and many market-watchers continue to celebrate […]
broad rally on Wall Street propelled the Dow Jones industrial average to close above 26,000 points for the first time Wednesday. The sharp gains also delivered record highs for the Standard & Poor’s 500 index and the Nasdaq composite, wiping out the market’s modest losses from a day earlier. Technology and healthcare companies accounted […]
“Mad Money” host Jim Cramer examined the tech titans’ weekly stock charts to determine if it’s time for investors to take some profits. With the help of technician and “Fibonacci Queen” Carolyn Boroden, Cramer took the temperature of the red-hot stocks to see whether they could hold onto their gains. As the bank- and health-care-led […]
The Dow’s record-fast sprint to 26,000 early in the new year is raising concerns on Wall Street that the stock market may be in danger of overheating. Indeed, the Dow Jones industrial average’s more than 1,000-point rise from 25,000 to “26K” in the past seven trading days has some investment pros warning that the nearly […]
