By Keris Lahiff, CNBC The threat of Hurricane Florence sent U.S. crude oil prices to four-month highs earlier this week. Any price bump fueled by higher demand and oil transport disruptions could prove temporary as benchmark West Texas Intermediate crude faces pricing pressure later in the fall, says one energy expert. "The next six to seven weeks we're going to...
By Keris Lahiff, CNBC The threat of Hurricane Florence sent U.S. crude oil prices to four-month highs earlier this week. Any price bump fueled by higher demand and oil transport disruptions could prove temporary as benchmark West Texas Intermediate crude faces pricing pressure later in the fall, says one energy expert. "The next six to seven weeks we're going to...
A week ago the market was finally toying with a long-overdue corrective move. The bulls just weren't going to let it happen though. Fueled by renewed hopes that the trade war will finally ease up, the market renewed a powerful uptrend that's been in place since early July. Last week's close of 2904.98 was the best weekly close the S&P...
A week ago the market was finally toying with a long-overdue corrective move. The bulls just weren't going to let it happen though. Fueled by renewed hopes that the trade war will finally ease up, the market renewed a powerful uptrend that's been in place since early July. Last week's close of 2904.98 was the best weekly close the S&P...
– Market sentiment reflects a significant shift towards irrational exuberance – From Mark Hulbert, MarketWatch The mood on Wall Street has shifted from fear to greed. And, like clockwork, contrarian-minded investors have shifted their short-term outlook in precisely the opposite direction, from positive to negative. To appreciate how big a mood shift has taken place, consider where sentiment stood in...
– Market sentiment reflects a significant shift towards irrational exuberance – From Mark Hulbert, MarketWatch The mood on Wall Street has shifted from fear to greed. And, like clockwork, contrarian-minded investors have shifted their short-term outlook in precisely the opposite direction, from positive to negative. To appreciate how big a mood shift has taken place, consider where sentiment stood in...
By Stephanie Landsman, CNBC Stocks may be coming off their best day in two weeks, but Ned Davis Research's Ed Clissold sees near-term trouble ahead. While midterm election years are typically associated with third quarter pullbacks, his latest indicators suggest the ultimate catalyst could come from abroad. According to Clissold, international issues are just as likely to drive corrections in...
By Stephanie Landsman, CNBC Stocks may be coming off their best day in two weeks, but Ned Davis Research's Ed Clissold sees near-term trouble ahead. While midterm election years are typically associated with third quarter pullbacks, his latest indicators suggest the ultimate catalyst could come from abroad. According to Clissold, international issues are just as likely to drive corrections in...
– The next leg of the bull market may depend on the Nasdaq breaking through a strong trend line – By Ryan Vlastelica, MarketWatch The Nasdaq Composite Index has been the standout stock-market index in 2018, as massive gains in large-capitalization technology and internet stocks have powered it past the Dow and S&P 500, which have themselves been performing notably...
– The next leg of the bull market may depend on the Nasdaq breaking through a strong trend line – By Ryan Vlastelica, MarketWatch The Nasdaq Composite Index has been the standout stock-market index in 2018, as massive gains in large-capitalization technology and internet stocks have powered it past the Dow and S&P 500, which have themselves been performing notably...
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