By Keris Lahiff, CNBC Disney's magical rally is under threat Friday as its stock moves lower for the first time in ten sessions. Some still see further upside from here. The charts look bullish to Craig Johnson, chief market technician at Piper Jaffray. "Look at a weekly chart. You're making what we define as a nice ascending triangle, which is...
By Keris Lahiff, CNBC Disney's magical rally is under threat Friday as its stock moves lower for the first time in ten sessions. Some still see further upside from here. The charts look bullish to Craig Johnson, chief market technician at Piper Jaffray. "Look at a weekly chart. You're making what we define as a nice ascending triangle, which is...
Thursday's market action was bearish, but if you're reading this, you probably already know that. What you may not know is that there were a couple of winning sectors on Thursday, and the sectors logging the biggest losses were the ones investors least wanted to fall. In short, we're seeing interest in safe havens and a fear of aggressive growth...
Thursday's market action was bearish, but if you're reading this, you probably already know that. What you may not know is that there were a couple of winning sectors on Thursday, and the sectors logging the biggest losses were the ones investors least wanted to fall. In short, we're seeing interest in safe havens and a fear of aggressive growth...
'This is a global event that is taking place: a possible global consolidation that is now breaking out to the upside' By Shawn Langlois, MarketWatch Dave Lutz of Jones Trading once hailed so-called "Commodity King" Dennis Gartman as "the single, best contra-indicator on the planet. Worth his weight in gold." Gold, incidentally, is down about 8% since the beginning of...
'This is a global event that is taking place: a possible global consolidation that is now breaking out to the upside' By Shawn Langlois, MarketWatch Dave Lutz of Jones Trading once hailed so-called "Commodity King" Dennis Gartman as "the single, best contra-indicator on the planet. Worth his weight in gold." Gold, incidentally, is down about 8% since the beginning of...
By Rebecca Ungarino, CNBC In recent months, one of the key themes across the fixed income market, the equity market and beyond is the dreaded "I" word: inversion. More specifically, investors are watching out for a potential yield curve inversion, or when shorter-dated bond yields cross above their longer-dated counterparts. Chad Morganlander, portfolio manager at Washington Crossing Advisors, told CNBC's...
By Rebecca Ungarino, CNBC In recent months, one of the key themes across the fixed income market, the equity market and beyond is the dreaded "I" word: inversion. More specifically, investors are watching out for a potential yield curve inversion, or when shorter-dated bond yields cross above their longer-dated counterparts. Chad Morganlander, portfolio manager at Washington Crossing Advisors, told CNBC's...
By Stephanie Landsman, CNBC The bull market's future may come down to just one economic chart. According to economic forecaster Lakshman Achuthan, the trend between income and spending growth is signaling trouble is already here. "These are two of the key coincident indicators of what defines the economic cycle," he said Monday on CNBC's "Trading Nation." "What we see today...
By Stephanie Landsman, CNBC The bull market's future may come down to just one economic chart. According to economic forecaster Lakshman Achuthan, the trend between income and spending growth is signaling trouble is already here. "These are two of the key coincident indicators of what defines the economic cycle," he said Monday on CNBC's "Trading Nation." "What we see today...
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