- Here's what may be eroding gold's traditional haven status - By Mark DeCambre, MarketWatch The stock market has been rattled by the threat of a global trade war between two of the world largest economies, creating an environment that ought to draw bidders for gold, underlining its appeal as a haven asset in times of market uncertainty. However, that hasn't happened, puzzling a number of traders, who have watched gold futures tumble to a 2018 low, even as hand-wringing over mounting geopolitical risk has accelerated. On Thursday, gold futures for August delivery the most-active contract, settled at a fresh low for 2018, down $4, or 0.3%, at $1,270.50 an ounce. Gold prices are off about 0.5% this week, 2.5% so far in June and about 2.9% in the year to date. "We still cannot understand the response of the gold price in the current market environment of high risk… more
By Keris Lahiff, CNBC The Dow is on its longest losing streak in more than a year as the U.S. and China try to top each other's tariff threats in an escalating trade conflict. But David Spika, president of GuideStone Capital Management, says a far larger risk looming over markets could trigger a "day of reckoning." "Fears of a trade... more
The reason is up for debate; there may be more than one explanation. Then again, the reason or reasons don't really matter. What matters is that small cap stocks are forging ahead, and it ain't an accident or a fluke. This sliver of the market is the real deal – for the right reason – and should remain in charge... more
By Keris Lahiff, CNBC While investors were busy watching the rally in splashy FANG names, smaller internet players have surged. Companies like GrubHub, Zillow, Angi Homeservices and IAC have posted double-digit gains this year, while one of the best performers, Etsy, has rocketed by as much as 112 percent. Mark Newton, president and founder of Newton Advisors, only has eyes... more
Back in November of 2016, headed into that year's Presidential election, and then with even more fervor following Trump's unexpected victory, the chatter about the future of the market was grim. Most of the media managed to convince most investors that his policies and style would prove problematic for the economy. The nay-sayers were wrong. The S&P 500 has rallied... more
What a week! Though stocks ultimately survived and managed to retain a small weekly gain, it was ugly, and tough. The bears wanted to dig in on Friday in response to the rekindled tariff wars, and the Fed was less than dovish with the language that accompanied Wednesday's rate hike. Given the headwind, it would be wise to be even... more
By Amanda Diaz, CNBC It's been hard out there for a bitcoin trader. The cryptocurrency has plunged nearly 30 percent in the last month, and more than 50 percent this year. But Tom Lee of Fundstrat may have just uncovered the reason behind recent weakness — or at least part of it. In a recent note, Lee, the firm's head... more
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