This big Wall Street bear warns his bleak scenario for 2019 is taking shape

Why are stocks busting out all of a sudden? Last week, tariffs on Mexico increased the chances that the Fed would cut rates. Investors obviously like that. So, stocks rallied. This week, Trump backs off those same tariffs. Investors apparently like that, too. Stocks again are rallying. Josh Brown of Ritholtz Wealth Management, please explain. “The market wanted to go […]

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Dow ends more than 350 points lower after Trump threatens tariffs on Mexico

Stocks ended sharply lower Friday after President Donald Trump threatened to place escalating tariffs on Mexican imports. The move amplified worries over economic growth tied partly to the escalation of the U.S.-China trade battle, which previously contributed to a May selloff in stocks that saw major indexes post their first monthly decline of 2019. The Dow Jones Industrial Average DJIA, […]

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Why stock-market investors fear another ‘VIX-driven air pocket’ as volatility spikes

A spike in Wall Street’s most popular volatility gauge is inspiring some unpleasant déjà vu for stock-market traders, though there is no guarantee the move presages a sharper equity selloff. The Cboe Volatility Index VIX, -1.70% known by its ticker, VIX, jumped 6.45 points over the first two days of this week — the largest two-day rise since the period […]

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Jobless claims dip to 228,000 in early May

The numbers: The number of people who applied for jobless benefits in early May fell slightly to 228,000, showing little change in one of the strongest labor markets in decades. Initial jobless claims fell by 2,000 from a seasonally adjusted 230,000 in the prior week, the government said Thursday. Economists polled by MarketWatch estimated new claims would total 218,000 in […]

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