It's a bit ironic, really, when you stop to think about it. Just a couple of weeks ago some pundits were calling more a market meltup, touting the number of weeks the S&P 500 had gone without a correction of 5% (or more), suggesting it would never happen again. As of Monday's drubbing, the S&P 500 has lost more than...
By Stephanie Landsman, CNBC If the man who called the 2015 crude collapse is right, the oil market could be the next area to see a sharp pullback. Oil, which is seeing its best start to a year since 2006, has entered a danger zone, according to Tom Kloza of the Oil Price Information Service. Kloza, the firm's global head...
By Stephanie Landsman, CNBC If the man who called the 2015 crude collapse is right, the oil market could be the next area to see a sharp pullback. Oil, which is seeing its best start to a year since 2006, has entered a danger zone, according to Tom Kloza of the Oil Price Information Service. Kloza, the firm's global head...
How long does it take to remind investors that stocks don't go up indefinitely? A week (or less). Catching some traders off guard despite some impressive earnings reports, the S&P 500 lost 3.5% of its value last week. It remains to be seen if this is the beginning of a long-overdue correction. It's worth noting, however, that this is what...
How long does it take to remind investors that stocks don't go up indefinitely? A week (or less). Catching some traders off guard despite some impressive earnings reports, the S&P 500 lost 3.5% of its value last week. It remains to be seen if this is the beginning of a long-overdue correction. It's worth noting, however, that this is what...
Technical analyst Carter Worth of Cornerstone Macro is watching a trendline from the market's lows in 2016 that stocks have since tested and held above. To reach that line, Worth said the S&P 500 would have to fall 222 points, or 7.7 percent from its all-time high hit last Friday of 2,872.87. "That is a very reasonable thing to, I...
Technical analyst Carter Worth of Cornerstone Macro is watching a trendline from the market's lows in 2016 that stocks have since tested and held above. To reach that line, Worth said the S&P 500 would have to fall 222 points, or 7.7 percent from its all-time high hit last Friday of 2,872.87. "That is a very reasonable thing to, I...
There's no denying the market's been unusually, almost dangerously bullish since November of last year. We've now gone 81 weeks without a correction of 5% or more, and it seems like the gains are accelerating. Making a bet based on nothing more than the calendar is never a bulletproof idea, but it's especially dangerous right now. Yet, the reality is,...
There's no denying the market's been unusually, almost dangerously bullish since November of last year. We've now gone 81 weeks without a correction of 5% or more, and it seems like the gains are accelerating. Making a bet based on nothing more than the calendar is never a bulletproof idea, but it's especially dangerous right now. Yet, the reality is,...
– As stocks rise, doubts and inhibitions fade, and we begin wanting and expecting higher returns – By Howard Gold, MarketWatch When stocks fell 2% over Monday and Tuesday, pundits were quick to give their “explanations.” Aha, Amazon Berkshire Hathaway and JPMorgan Chase were banding together to upend the health care market. Aha, the 10-year Treasury note’s yield had crept...
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