By Stephanie Landsman, CNBC David Stockman is intensifying his bear case. President Ronald Reagan's Office of Management and Budget director blames a bull market that's getting longer in the tooth – paired with headwinds ranging from President Donald Trump's leadership to fiscal policy decisions to questionable earnings. "I call this a daredevil market. It's all risk and very little reward...
By Annie Pei, CNBC The chart of the financials has reached a very precarious level, according to TradingAnalysis.com founder Todd Gordon. Not only is the financials-tracking ETF (XLF) down about 1.5 percent year to date, but Gordon says its underperformance relative to tech stocks makes it among the most vulnerable in the event of a market pullback. Here's why: The...
By Annie Pei, CNBC The chart of the financials has reached a very precarious level, according to TradingAnalysis.com founder Todd Gordon. Not only is the financials-tracking ETF (XLF) down about 1.5 percent year to date, but Gordon says its underperformance relative to tech stocks makes it among the most vulnerable in the event of a market pullback. Here's why: The...
By Keris Lahiff, CNBC Another day of gains for Twitter on Monday has it on track for its longest winning streak in nearly a year. One technician sees it flying higher from here. "The chart looks great," Craig Johnson, chief market technician at Piper Jaffray, told on CNBC's "Trading Nation" on Friday. "Since about April 24, we started seeing a...
By Keris Lahiff, CNBC Another day of gains for Twitter on Monday has it on track for its longest winning streak in nearly a year. One technician sees it flying higher from here. "The chart looks great," Craig Johnson, chief market technician at Piper Jaffray, told on CNBC's "Trading Nation" on Friday. "Since about April 24, we started seeing a...
The market wasn't entirely sure what it wanted to do for the better part of last week's holiday-shortened trading stretch. But, when push came to shove by the time Friday rolled around, it was the bulls doing all the pushing. The S&P 500 logged a respectable gain of 0.5%, leaving the index within sight/reach of the new multi-week highs hit...
The market wasn't entirely sure what it wanted to do for the better part of last week's holiday-shortened trading stretch. But, when push came to shove by the time Friday rolled around, it was the bulls doing all the pushing. The S&P 500 logged a respectable gain of 0.5%, leaving the index within sight/reach of the new multi-week highs hit...
By Keris Lahiff, CNBC Sell in May and go away? Not this year. Expect a June swoon? Don't hold your breath. These old market adages are in the past, says LPL Financial's Ryan Detrick. "There's still a lot more positives which makes us think maybe this kind of a surprise summer rally can continue if we get a little bit...
By Keris Lahiff, CNBC Sell in May and go away? Not this year. Expect a June swoon? Don't hold your breath. These old market adages are in the past, says LPL Financial's Ryan Detrick. "There's still a lot more positives which makes us think maybe this kind of a surprise summer rally can continue if we get a little bit...
Poke holes in whatever you might see as the downside of Friday morning's look at last month's job creation and employment report. Just know that you're grasping at straws if you do so. This is one of the best reports we've seen in years, and some of the ones we've seen since mid-2017 have been pretty darn good. Beginning with...
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