By Justina Lee, Bloomberg As China’s yuan swings back into the global spotlight, it might seem like an odd time for authorities in Beijing to loosen their grip on the tightly-managed currency. Yet for a growing number of analysts and investors, the prospect of a freely floating yuan — a Chinese exchange rate wholly determined by market forces — is...
By Justina Lee, Bloomberg As China’s yuan swings back into the global spotlight, it might seem like an odd time for authorities in Beijing to loosen their grip on the tightly-managed currency. Yet for a growing number of analysts and investors, the prospect of a freely floating yuan — a Chinese exchange rate wholly determined by market forces — is...
By Alex Rosenberg, CNBC After seven years of the S&P 500 crushing non-U.S. stocks, international equities are about to stage a big comeback. At least, that's what technical analyst Jonathan Krinsky predicts. The MSCI All-World Ex-U.S. index has lagged the S&P 500 in each year since 2010, for the longest streak of underperformance since the former index was created in...
By Alex Rosenberg, CNBC After seven years of the S&P 500 crushing non-U.S. stocks, international equities are about to stage a big comeback. At least, that's what technical analyst Jonathan Krinsky predicts. The MSCI All-World Ex-U.S. index has lagged the S&P 500 in each year since 2010, for the longest streak of underperformance since the former index was created in...
Despite most of the media's (and most of the pundits') unwillingness to acknowledge it, the biggest drag on crude oil prices hasn't been too much supply. It's been the incessantly rising value of the U.S. dollar. Up 27% since the middle of 2014 — spooky by ForEx standards — and reaching new multi-year highs in late December, the U.S. Dollar...
Despite most of the media's (and most of the pundits') unwillingness to acknowledge it, the biggest drag on crude oil prices hasn't been too much supply. It's been the incessantly rising value of the U.S. dollar. Up 27% since the middle of 2014 — spooky by ForEx standards — and reaching new multi-year highs in late December, the U.S. Dollar...
By Annie Pei, CNBC The U.S. dollar surged to its highest level in years in 2016, but Todd Gordon of TradingAnalysis.com believes the greenback rally could be on its last legs. "The dollar's had an amazing run to the top side on the back of the Fed beginning to normalize interest rates," Gordon said Monday on CNBC's "Trading Nation." "But...
By Annie Pei, CNBC The U.S. dollar surged to its highest level in years in 2016, but Todd Gordon of TradingAnalysis.com believes the greenback rally could be on its last legs. "The dollar's had an amazing run to the top side on the back of the Fed beginning to normalize interest rates," Gordon said Monday on CNBC's "Trading Nation." "But...
Warren Buffett, Coke’s largest shareholder, may disagree with analysts’ takes By Tomi Kilgore, MarketWatch It’s time to sell the stocks of Coca-Cola Co. and Procter & Gamble Co., according to analysts at Goldman Sachs Group Inc., who turned bearish on the blue-chip consumer staples companies after being neutral on them for over three years. Goldman analyst Judy Hong downgraded Coke...
Though the market ended 2016 on a bearish foot — skipping the Santa Claus rally altogether — the bulls were firmly in charge as 2017 got rolling. The S&P 500 gained 1.7% last week, and that was only a four-day week. The index also tiptoed into record-high territory, with last week's close of 2276.98 being a record-high close as well....
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