By Bill Baruch, CNBC The greenback has been red hot, but the rally's days are likely numbered. The dollar index has soared around 8 percent since its February low, but I believe we've seen the top for 2018. A few factors are at play here, including the euro's recent trading pattern and the Federal Reserve's hiking path. Eyeing the euro......
– S&P 500 has already exited correction phase – By Mark DeCambre, MarketWatch The Dow Jones Industrial Average on Tuesday was on the brink of bursting out of correction territory for the first time in more than six months, underscoring some signs of renewed optimism on Wall Street. The blue-chip benchmark has so far failed to trade 10% above the...
– S&P 500 has already exited correction phase – By Mark DeCambre, MarketWatch The Dow Jones Industrial Average on Tuesday was on the brink of bursting out of correction territory for the first time in more than six months, underscoring some signs of renewed optimism on Wall Street. The blue-chip benchmark has so far failed to trade 10% above the...
The market managed to end the week on a high note, reversing course from the week's initial tumble, pivoting in the middle of Wednesday's action to finish Friday 0.6% above the prior Friday's final trade. It wasn't exactly the ideal recovery move though. Volume was light on the way up – and getting lighter – and we're still just one...
The market managed to end the week on a high note, reversing course from the week's initial tumble, pivoting in the middle of Wednesday's action to finish Friday 0.6% above the prior Friday's final trade. It wasn't exactly the ideal recovery move though. Volume was light on the way up – and getting lighter – and we're still just one...
In the grand scheme of things it can't be too terribly surprising. After all, it is the dog days of summer. Traders aren't terribly interested, and somewhat distracted by all the other things that require attention as August starts to molt into September. It would be surprising if the market was throwing out serious fireworks. All the same, between Wednesday's...
In the grand scheme of things it can't be too terribly surprising. After all, it is the dog days of summer. Traders aren't terribly interested, and somewhat distracted by all the other things that require attention as August starts to molt into September. It would be surprising if the market was throwing out serious fireworks. All the same, between Wednesday's...
By Stephanie Landsman, CNBC Wells Fargo Securities has a new message for investors: Hold on tight. Christopher Harvey, the firm's head of equity strategy, believes the Turkey debt crisis will spark a crisis of confidence in the United States as earnings season winds down, and headline risks become front and center again. "You can start to have a lot more...
By Stephanie Landsman, CNBC Wells Fargo Securities has a new message for investors: Hold on tight. Christopher Harvey, the firm's head of equity strategy, believes the Turkey debt crisis will spark a crisis of confidence in the United States as earnings season winds down, and headline risks become front and center again. "You can start to have a lot more...
By Jeff Cox, CNBC Professional investors have suddenly turned optimistic about U.S. stocks again, with bullish sentiment fed by an especially buoyant earnings season that is offsetting other concerns. Domestic equities are holding the biggest portfolio weight since January 2015, according to the August Bank of America Merrill Lynch Fund Managers Survey, a look at where 243 pros who manage...
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