Subdued Trading Expected amid Sparse Economic Data
The U.S. dollar was seen trading a bit weaker on Friday with the markets showing a mixed sentiment overall. The Japanese yen maintained its dominance as the currency continued to appreciate against the U.S. dollar. The sterling was also seen...
Monster rallies are often synonymous with bear markets, investor Peter Boockvar warns
Investor Peter Boockvar believes the stock market’s wild swings are evidence of a bear market. Boockvar recently told CNBC that the recent monster rallies do not signal the bulls are back. He noted bull market moves are more methodical. “We...
Goldman Sachs cuts forecast for first half of 2019, says weaker growth needed to ‘land the plane’
Volatile financial markets and softer economic data has led Goldman Sachs to trim its expectations for growth in 2019, the bank said on Saturday, but cautioned that a full-blown recession was not in the cards. In a research note, the...
Dollar Might Face Hard Times in 2019
Dollar bulls have wined and dined like kings and queens in 2018. The greenback appreciated the most against the emerging market currencies. The earlier part of the year saw the focus on rising US interest rates and political stories lead...
Oil Remains Bid after Inventories Post Small Decline
Oil prices climbed higher after the weekly DOE crude inventories fell by 46,000 barrels last week, the market consensus was for a decline of 2.5 million barrels. The reason oil prices edged higher on a smaller draw, was because yesterday,...
The Fed could be a factor in the week ahead as stocks exit the worst year in a decade
Investors can bid farewell to the worst year for stocks in a decade, but they may not find a way to escape the volatility when the new year starts with a bang. By the first Friday of 2019, it’s back...
Stocks wrap up 2 weeks of ‘disturbing’ moves
The past two weeks on Wall Street have been wild, and not in a good way. During that time, the major U.S. stock indexes have suffered losses that put them on track for their worst December performance since the Great...
Is the buyback surge over? Don’t bet on it
The Wall Street Journal reports Apple has lost nearly $9 billion this year buying back its own stock. Apple is one of those buyback monsters that has spent significant money to buy back their stock, not just this year but...
El-Erian: Criticize the Fed more for how it communicates, and not on monetary policy
The Federal Reserve should be criticized for how it communicates to the market and less so on its monetary policy decisions, closely followed economist Mohamed El-Erian told CNBC on Friday. “I think the Fed should get less criticism as to...
Chinese Manufacturing PMIs to Spread More Gloom at Year-End
PMI gauges out of China will be one of the few highlights in a light economic calendar next week. The NBS manufacturing PMI is released first on Monday at 01:00 GMT, with the Caixin/IHS Markit manufacturing PMI following on Wednesday...