Stock-market analyst who called 2018 rout says if earnings are weak, ‘I don’t think stocks are going to look through it’

Morgan Stanley’s chief equity strategist Michael Wilson says the Federal Reserve’s Wednesday decision underlined the central bank’s uber-dovish stance, which means corporate earnings are going to be paramount for stock-market investors. Speaking to CNBC on Thursday morning, the strategist said the Fed statement was “kind of the full capitulation” by the Federal Open Market Committee, after it left rates unchanged, […]

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Longtime market bull sees unsettling parallel between today and March 2000

Plenty of pundits have compared the trading action in today’s market to the bursting of the dot-com bubble, but the latest Wall Street type to make that connection isn’t your typical broken-clock bear. Here’s what longtime bull and Institutional Investor hall of famer Richard Bernstein had to say on CNBC this week about the state of the market. He ought […]

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Kudlow, brushing aside concerns over ‘fluky’ jobs report, sees 3% growth rate this year

White House National Economic Council Director Larry Kudlow on Friday dismissed the weak February jobs report as “silly” and “fluky” and said he still expects the economy to grow at a 3% annual rate this year. The economy created 20,000 jobs in February, the worst report since 2017. In an interview on CNBC, Kudlow said timing issues and winter seasonal […]

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5 ways life would be better if we never had to change the clocks again after this weekend

In my research on daylight-saving time, I have found that Americans don’t like it when Congress messes with their clocks. In an effort to avoid the biannual clock switch in spring and fall, some well-intended critics of DST have made the mistake of suggesting that the abolition of DST — and a return to permanent standard time — would benefit […]

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This stock-market gauge just hit an all-time high — and that’s bad news for bears

One widely used signal of the health of the stock market has hit an all-time high, potentially setting the stage for a further rally by U.S. equity benchmarks, say technical analysts. The New York Stock Exchange’s advance/decline line touched an all-time high on Wednesday, as seen in the chart below from StockCharts: Paul Schatz, the president of Heritage Capital, told […]

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5 ways the Fed pause is driving global financial markets

The Federal Reserve’s unexpectedly emphatic shift from hawkish watchfulness to wait-and-see mode last week has long-running implications for global financial markets, in part because it cements expectations for a weaker U.S. dollar. Indeed, a weaker dollar outlook is consistent with “complex political conditions,” as well as widening trade and budget deficits and an “overvalued currency on all metrics,” wrote Alain […]

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Trump Today: President conditions China trade deal on opening up markets to U.S. farm, manufactured goods

President Donald Trump said Thursday a trade deal with China needs to include U.S. farm and manufactured goods, as he sounded a pessimistic note about ongoing talks on border-security negotiations and his proposed wall on the Mexican border. TRUMP PUTS CONDITIONS ON CHINA TALKS Tweeting ahead of a meeting with Vice Premier Liu He, who is leading the Chinese delegation […]

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Micron’s stock boosts chip rally after upgrade, analysts’ comments at CES

Chip-maker stocks finished higher Wednesday after one analyst upgraded Micron Technology Inc. and other analysts gave their roundups on other companies at the annual CES tech confab in Las Vegas. The PHLX Semiconductor Index SOX, +2.52% rallied 2.5% Wednesday, outpacing broader index gains as the Dow Jones Industrial Average DJIA, +0.39% and the S&P 500 SPX, +0.41% both advanced 0.4%, and the tech-heavy […]

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