U.S. President Donald Trump can blame more than just the Fed for the recent market sell-off. It was the perfect storm that gave U.S. stocks their worst day in eight months, sending European shares to the lowest since December 2016 and driving more than 1,000 Chinese companies to fall by the daily limit. After holding […]
The Stock Market’s Nightmare May Be Far from Over…
After a nail-biting week with the Dow Jones Industrial Average sinking nearly 1,400 points over two sessions, the jury is still out on whether the selloff signals a fundamental shift in the stock market or a brief episodic correction. But one thing is certain: Investors should brace for more market drama in the coming days […]
Carnage Has Investors Fleeing from Bonds, Not Stocks…
5 Questions Worried Americans Will Ask After Dow Slumps Over 800 Points…
The Dow Jones Industrial Average DJIA, -3.15% S&P 500 index SPX, -3.29% and Nasdaq Composite Index COMP, -4.08% have all been experiencing volatility in recent months, weighed by rising bond yields and a trade war with China. The Dow fell more than 800 points and the S&P 500 had its worst day since February. What […]
Trump Says Fed ‘Has Gone Crazy’ Following Stock Market Selloff…
President Donald Trump again criticized the Federal Reserve for raising interest rates, calling it a “mistake” hours after the worst U.S. stock market sell-off since February. “The Fed has gone crazy,” he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally. “So you can say that well that’s a lot of […]
Saudi Arabia Halts Aramco Public Listing, Disbanding Advisers…
Saudi Arabia’s part flotation of its national oil company Aramco has been halted, sources told Reuters news agency, killing what would have been the largest stock listing in history. The reversal of a cornerstone of Crown Prince Mohammed bin Salman’s economic reform policy spells uncertainty for the rest of his programme, dubbed “Vision 2030”. Saudi […]
6 Reasons Why the Stock Market Will Likely Retest Its February Lows…
The early February stock market correction wiped $6 trillion off the global market capitalization before equities reclaimed a chunk of lost ground. But there are at least six reasons why markets may test those recent lows, according to analysts at Bank of America Merrill Lynch. A $6 trillion drop in global market cap would imply […]
Stockman: $1.8 Trillion in New Treasury Debt Will Hit Bond Pits “Like a Tornado”…
Investors have been whiplashed so far this week and it’s only Wednesday morning. On Monday, the Dow rocketed ahead by 399 points. On Tuesday, it plunged by 299 points. What changed investor sentiment so dramatically in 24 hours? David Stockman, the former Director of the Office of Management and Budget under President Ronald Reagan who […]
Happy New Year: S&P Just Did Something for the First Time Since 1992…
Pushing the S&P 500 to a new record high – which is notable, as Bloomberg reports this is the first time that the index hit a record high on the first day of trading since 1992. And those same investors bought tech stocks (and Biotech) with both hands and feet today as Nasdaq massively outperformed […]
Dow Rips 331 Points Higher, Closes Above 24,000 as Chances of Senate Tax Bill Passing Rise…
Stocks rallied on Thursday as the possibility of the Senate passing a bill aimed at overhauling the U.S. tax code increased. The Dow Jones industrial average surged 331.67 points to close above 24,000 for the first time, with United Technologies leading advancers on the 30-stock index. The S&P 500 advanced 0.8 percent to close at […]
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