Though the so-called Santa Claus rally — the noteworthy bullishness that usually materializes between the Christmas break and New Year's Day –– gets plenty of lip service this time of year, few of those who talk about it as a tendency every actually validate the theory. It's a real thing, though, as our chart below can verify. The graphical representation...
Originally posted at CNBC/Reuters Oil steadied above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday. Jan. 1 brings the official start of the deal agreed by the Organization of Petroleum Exporting Countries and several non-OPEC producers to lower...
Originally posted at CNBC/Reuters Oil steadied above $55 a barrel on Tuesday, drawing support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday. Jan. 1 brings the official start of the deal agreed by the Organization of Petroleum Exporting Countries and several non-OPEC producers to lower...
A slow, pre-holiday lethargic week last week. All told, the S&P 500 gained 0.2% last week, and volume was pathetic. Traders just had their mind on other things. It's not unusual to see such a lull the few days before Christmas. Things should perk up again this week, as is also usually the case, which typically sets up a bullish...
It's not clear if homebuyers are taking action because they're excited about a Trump-driven economy, or if they're simply fearful that higher interest rates will make waiting to buy more expensive down the road. Whatever the motivation is though, it worked in spades last month. The past of new-home sales grew to 592,000 units, while sales of existing homes jumped...
The cryptocurrency is up more than 100% this year By Joseph Adinolfi, MarketWatch Bitcoin has had a banner 2016. After two years of lackluster returns, the price of a single coin soared more than 100% this year — putting bitcoin on track for its best annual performance since 2013. A wave of exuberance carried bitcoin from around $90 in January...
The cryptocurrency is up more than 100% this year By Joseph Adinolfi, MarketWatch Bitcoin has had a banner 2016. After two years of lackluster returns, the price of a single coin soared more than 100% this year — putting bitcoin on track for its best annual performance since 2013. A wave of exuberance carried bitcoin from around $90 in January...
Holdings in exchange-traded funds fall 30th straight day By Eddie Van Der Walt, Bloomberg Gold is headed for its longest run of losses in more than a year as expectations of a faster U.S. interest rate tightening cycle spur investors to sell holdings in funds backed by the metal. Prices are set for a seventh weekly decline, the longest stretch...
Holdings in exchange-traded funds fall 30th straight day By Eddie Van Der Walt, Bloomberg Gold is headed for its longest run of losses in more than a year as expectations of a faster U.S. interest rate tightening cycle spur investors to sell holdings in funds backed by the metal. Prices are set for a seventh weekly decline, the longest stretch...
By Leslie Shaffer, CNBC Markets may be betting on the greenback to scale new heights, but chances are now is the time to go short, Adrian Zuercher, head of asset allocation for Asia at UBS, said on Thursday. The dollar has surged in the wake of Donald Trump's surprise election win in the U.S. and as the U.S. Federal Reserve...
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