When the year-end rally fizzled out early this year, and then completely shattered on Thursday, investors were understandably concerned. When push came to shove as the week came to a close though, it was the bulls doing all the shoving. Ignoring the risks, the buyers drove the S&P 500 up by a whopping 3.4% on Friday, leaving the index at...
When the year-end rally fizzled out early this year, and then completely shattered on Thursday, investors were understandably concerned. When push came to shove as the week came to a close though, it was the bulls doing all the shoving. Ignoring the risks, the buyers drove the S&P 500 up by a whopping 3.4% on Friday, leaving the index at...
By Keris Lahiff, CNBC Crude oil could be on the verge of a big comeback. Since surging to four-year highs in October, the commodity has plummeted 39 percent down to levels not seen since mid-2017. The last time it saw these lows, it had a massive rally, says Matt Maley, equity strategist at Miller Tabak. “It got down to the...
By Keris Lahiff, CNBC Crude oil could be on the verge of a big comeback. Since surging to four-year highs in October, the commodity has plummeted 39 percent down to levels not seen since mid-2017. The last time it saw these lows, it had a massive rally, says Matt Maley, equity strategist at Miller Tabak. “It got down to the...
The December jobs report was great, as measured by the raw number of payrolls created last month. All told, the 312,000 new jobs added in December was the best tally since February, and the second-best progress seen since mid-2016. If instead your yardstick is the unemployment rate, the picture isn't quite as encouraging. Despite the huge number of newly-created payrolls,...
The December jobs report was great, as measured by the raw number of payrolls created last month. All told, the 312,000 new jobs added in December was the best tally since February, and the second-best progress seen since mid-2016. If instead your yardstick is the unemployment rate, the picture isn't quite as encouraging. Despite the huge number of newly-created payrolls,...
– S&P's four-year average can help assess the stock market's remaining downside risk – By Simon Maierhofer, MarketWatch Do you know what the 1987, 1990 and 2016 bear markets have in common? The S&P 500 stopped and reversed at the four-year average. Do you know what the 2001 and 2008 bear markets have in common? The S&P accelerated lower once...
– S&P's four-year average can help assess the stock market's remaining downside risk – By Simon Maierhofer, MarketWatch Do you know what the 1987, 1990 and 2016 bear markets have in common? The S&P 500 stopped and reversed at the four-year average. Do you know what the 2001 and 2008 bear markets have in common? The S&P accelerated lower once...
By Stephanie Landsman, CNBC Canaccord Genuity’s Tony Dwyer believes a powerful market rally will rise from 2018′s wreckage. But first, investors may face an agonizing and demoralizing next few weeks. “The market will be down again 20 percent from peak,” the firm’s chief market strategist said Monday on CNBC’s “Trading Nation. ” “The history of a nonrecession, post-crash environment is:...
By Stephanie Landsman, CNBC Canaccord Genuity’s Tony Dwyer believes a powerful market rally will rise from 2018′s wreckage. But first, investors may face an agonizing and demoralizing next few weeks. “The market will be down again 20 percent from peak,” the firm’s chief market strategist said Monday on CNBC’s “Trading Nation. ” “The history of a nonrecession, post-crash environment is:...
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