By Keris Lahiff, CNBC A month ago, veteran market technician Louise Yamada called for gold prices to drop to as low as $1,250 an ounce. That call turned out to be golden and now, Yamada sees even more pain from here. "The next target is $1,200 or thereabouts," Yamada, managing director of Louise Yamada Technical Research Advisors, told CNBC's "Futures...
After a couple of tough weeks (and a bad start to last week), the bulls changed their mind again. The S&P 500 managed to reverse back into a bullish mood again, and did so in pretty decisive fashion. Most of the indices even managed to cross back above pivotal moving average lines. We have to respect the clues as they...
After a couple of tough weeks (and a bad start to last week), the bulls changed their mind again. The S&P 500 managed to reverse back into a bullish mood again, and did so in pretty decisive fashion. Most of the indices even managed to cross back above pivotal moving average lines. We have to respect the clues as they...
By Keris Lahiff, CNBC For all the talk of a trade war and an eager-to-hike Fed, markets haven't moved much this summer. The S&P 500 is now back to where it was in mid-May. Two key levels could bring about the next big swings on the S&P 500, says one market watcher. "On the resistance level it's the 2,800 level....
By Keris Lahiff, CNBC For all the talk of a trade war and an eager-to-hike Fed, markets haven't moved much this summer. The S&P 500 is now back to where it was in mid-May. Two key levels could bring about the next big swings on the S&P 500, says one market watcher. "On the resistance level it's the 2,800 level....
Not surprisingly, June's employment report needs some explaining. What you know. Last month, the U.S. economy added/created 213,000 new jobs, versus expectations of only 190,000. And, despite job growth, the unemployment rate edged a little higher, from 3.8% to 4.0%. The pros were expecting another read of 3.8%. Few would argue that June's numbers weren't "good" overall, but were lamentable ...
Not surprisingly, June's employment report needs some explaining. What you know. Last month, the U.S. economy added/created 213,000 new jobs, versus expectations of only 190,000. And, despite job growth, the unemployment rate edged a little higher, from 3.8% to 4.0%. The pros were expecting another read of 3.8%. Few would argue that June's numbers weren't "good" overall, but were lamentable ...
– Extreme outperformance by momentum stocks tends to presage a downturn – By Ryan Vlastelica, MarketWatch For U.S. stock-market investors, one strategy in particular has worked in 2018: the same thing that has been working. Momentum investing, or the idea that stocks that have recently risen will continue their trend over the medium term, has been one of the strongest...
– Extreme outperformance by momentum stocks tends to presage a downturn – By Ryan Vlastelica, MarketWatch For U.S. stock-market investors, one strategy in particular has worked in 2018: the same thing that has been working. Momentum investing, or the idea that stocks that have recently risen will continue their trend over the medium term, has been one of the strongest...
By Keris Lahiff, CNBC The Dow just ended the quarter with its weakest gains since 2006, as uncertainty over trade policy kept investors on the back foot. However, one market bull is sticking with his forecast for big gains into year-end, but not before more of the same jerky trading through the rest of the summer. "The month of July...
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