Oil’s long-term trading average is crossing above its short-term average, charts show By Mark DeCambre, MarketWatch After taking a beating over the past several months, crude-oil prices may be turning a corner, with a bullish chart pattern crystallizing in recent trade. A so-called golden cross, which occurs when the long-term trading average of an asset crosses above its short-term average,...
The San Francisco Fed president would let prices grow faster—sometimes. By Peter Coy, Bloomberg The Federal Reserve would never get a medal in archery. Since January 2012, when it publicly adopted a target of 2 percent for annual inflation, it has undershot in 59 of 63 months. John Williams, president of the Federal Reserve Bank of San Francisco, believes there’s...
The San Francisco Fed president would let prices grow faster—sometimes. By Peter Coy, Bloomberg The Federal Reserve would never get a medal in archery. Since January 2012, when it publicly adopted a target of 2 percent for annual inflation, it has undershot in 59 of 63 months. John Williams, president of the Federal Reserve Bank of San Francisco, believes there’s...
Earnings season doesn't have a "winner," per se, but if it did, the first quarter's champ would be technology stocks. However, financials would be a well-respected runner up. There were some sectors that posted bigger year-over-year growth rates, but not without a catch. For instance, the energy sector technically improved its bottom line by 243. That was only because Q1-2016's...
Earnings season doesn't have a "winner," per se, but if it did, the first quarter's champ would be technology stocks. However, financials would be a well-respected runner up. There were some sectors that posted bigger year-over-year growth rates, but not without a catch. For instance, the energy sector technically improved its bottom line by 243. That was only because Q1-2016's...
With stocks still led by the roaring FANG stocks despite Monday's tepid overall action, it's easy to assume the broad rally has no plans to quit anytime soon. Traders have made up their mind to be bullish, and that's that. As they say, you don't want to fight the tape. A closer look at the market's individual sector performances, however,...
With stocks still led by the roaring FANG stocks despite Monday's tepid overall action, it's easy to assume the broad rally has no plans to quit anytime soon. Traders have made up their mind to be bullish, and that's that. As they say, you don't want to fight the tape. A closer look at the market's individual sector performances, however,...
Paul Singer of Elliott Management isn’t sure exactly what hell on Earth, or Wall Street, will look like, but he’s got billions stockpiled for when it does By Mark DeCambre, MarketWatch Billionaire investor Paul Singer has a bleak outlook for Wall Street, and he has built a $5 billion rainy-day fund in preparation for what he describes as “all hell”...
Paul Singer of Elliott Management isn’t sure exactly what hell on Earth, or Wall Street, will look like, but he’s got billions stockpiled for when it does By Mark DeCambre, MarketWatch Billionaire investor Paul Singer has a bleak outlook for Wall Street, and he has built a $5 billion rainy-day fund in preparation for what he describes as “all hell”...
The bulls certainly got last week started on the right foot, ultimately leading to a move to new record highs on Thursday. There was no follow-through on Friday though, suggesting the market was only interested in reaching the milestone rather than using it as a springboard. Or, maybe traders were simply hesitant to keep buying in front of a three-day...
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