Recent downside pricing pressure on Technology and FANG stocks have kept investors wary of jumping back into the market while we wait to see where the bottom may form. Concerns about long-term pricing pressures, US trade wars and the continued Congressional testimony regarding privacy and censorship issues have kept social media technology stocks in a negative perspective. The only aspect...
On Monday we syndicated an outlook for crude oil that was at least a little bit alarming. Specifically, Oil Price Information Service's co-founder Tom Kloza cautioned that seasonal influences could crimp demand for oil. This is around the time of year when refineries are maintained; some of them are also still switching over to heating oil production. End result? A...
On Monday we syndicated an outlook for crude oil that was at least a little bit alarming. Specifically, Oil Price Information Service's co-founder Tom Kloza cautioned that seasonal influences could crimp demand for oil. This is around the time of year when refineries are maintained; some of them are also still switching over to heating oil production. End result? A...
By Keris Lahiff, CNBC The threat of Hurricane Florence sent U.S. crude oil prices to four-month highs earlier this week. Any price bump fueled by higher demand and oil transport disruptions could prove temporary as benchmark West Texas Intermediate crude faces pricing pressure later in the fall, says one energy expert. "The next six to seven weeks we're going to...
By Keris Lahiff, CNBC The threat of Hurricane Florence sent U.S. crude oil prices to four-month highs earlier this week. Any price bump fueled by higher demand and oil transport disruptions could prove temporary as benchmark West Texas Intermediate crude faces pricing pressure later in the fall, says one energy expert. "The next six to seven weeks we're going to...
A week ago the market was finally toying with a long-overdue corrective move. The bulls just weren't going to let it happen though. Fueled by renewed hopes that the trade war will finally ease up, the market renewed a powerful uptrend that's been in place since early July. Last week's close of 2904.98 was the best weekly close the S&P...
A week ago the market was finally toying with a long-overdue corrective move. The bulls just weren't going to let it happen though. Fueled by renewed hopes that the trade war will finally ease up, the market renewed a powerful uptrend that's been in place since early July. Last week's close of 2904.98 was the best weekly close the S&P...
– Market sentiment reflects a significant shift towards irrational exuberance – From Mark Hulbert, MarketWatch The mood on Wall Street has shifted from fear to greed. And, like clockwork, contrarian-minded investors have shifted their short-term outlook in precisely the opposite direction, from positive to negative. To appreciate how big a mood shift has taken place, consider where sentiment stood in...
– Market sentiment reflects a significant shift towards irrational exuberance – From Mark Hulbert, MarketWatch The mood on Wall Street has shifted from fear to greed. And, like clockwork, contrarian-minded investors have shifted their short-term outlook in precisely the opposite direction, from positive to negative. To appreciate how big a mood shift has taken place, consider where sentiment stood in...
By Stephanie Landsman, CNBC Stocks may be coming off their best day in two weeks, but Ned Davis Research's Ed Clissold sees near-term trouble ahead. While midterm election years are typically associated with third quarter pullbacks, his latest indicators suggest the ultimate catalyst could come from abroad. According to Clissold, international issues are just as likely to drive corrections in...
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