– Acampora tells MarketWatch that the action under way in the stock market reminds him of the 1987 crash – By Mark DeCambre, MarketWatch Prominent market technician Ralph Acampora says the stock market is in bad shape and it's worse than many on Wall Street investors appreciate. A pioneer in the field of chart-based trading, Acampora said the technical damage...
– Acampora tells MarketWatch that the action under way in the stock market reminds him of the 1987 crash – By Mark DeCambre, MarketWatch Prominent market technician Ralph Acampora says the stock market is in bad shape and it's worse than many on Wall Street investors appreciate. A pioneer in the field of chart-based trading, Acampora said the technical damage...
By Keris Lahiff, CNBC FANG is getting shredded this month. Facebook, Amazon, Netflix and Google parent Alphabet are down double digits in October, getting burned by a market turn toward defensive stocks over high-growth and high-momentum tech names. One technician says one of those stocks could stanch its bleeding. "Amazon is just in an astronomic climb well contained in this...
By Keris Lahiff, CNBC FANG is getting shredded this month. Facebook, Amazon, Netflix and Google parent Alphabet are down double digits in October, getting burned by a market turn toward defensive stocks over high-growth and high-momentum tech names. One technician says one of those stocks could stanch its bleeding. "Amazon is just in an astronomic climb well contained in this...
Another week, another drubbing. Last week's big stumble from the S&P 500 rekindled a wave of selling that got going in a big way three weeks ago, but paused two weeks ago. But, now down nearly 10% from its peak hit in early October, one can't help but wonder of the sheer speed and scope of the beat-down has left...
Another week, another drubbing. Last week's big stumble from the S&P 500 rekindled a wave of selling that got going in a big way three weeks ago, but paused two weeks ago. But, now down nearly 10% from its peak hit in early October, one can't help but wonder of the sheer speed and scope of the beat-down has left...
– BAML's Subramanian thinks the next bear market is 21 months away – By Sue Chang, MarketWatch A market correction is often defined as a 10% pullback from a recent peak. Using that as a yardstick, the S&P 500 is about 2 percentage points away from joining the Nasdaq Composite, its tech-heavy peer, in correction mode. Yet a correction doesn't...
– BAML's Subramanian thinks the next bear market is 21 months away – By Sue Chang, MarketWatch A market correction is often defined as a 10% pullback from a recent peak. Using that as a yardstick, the S&P 500 is about 2 percentage points away from joining the Nasdaq Composite, its tech-heavy peer, in correction mode. Yet a correction doesn't...
Sure, by several measures the U.S. economy is strong. Unemployment is at decades-old lows and businesses and consumers have shown confidence. Economic output is growing. Executives lately have been talking about the challenges they face with rising production and materials costs and relatively new tariffs. Some of these executives say their profit margins risk getting squeezed by these factors. Wall...
Sure, by several measures the U.S. economy is strong. Unemployment is at decades-old lows and businesses and consumers have shown confidence. Economic output is growing. Executives lately have been talking about the challenges they face with rising production and materials costs and relatively new tariffs. Some of these executives say their profit margins risk getting squeezed by these factors. Wall...
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