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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Stocks attempt post-Fed bounce as Wall digests dovish stance; Levi Strauss set for its IPO

U.S. stocks opened lower on Thursday but soon cut early losses, as investors digest the Federal Reserve’s downgrade of the domestic economic outlook for 2019, citing sluggish global expansion. As expected, the central bank kept its key rate at a range of 2.25% and 2.50%, but a more dovish policy stance than investors has undercut the buying appetite on Wall […]

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Fund managers dump stocks, buy into ‘secular stagnation’ theory: BofA Merrill Lynch

Fund managers in March allocated the smaller chunk of their holdings to equities since at any point since 2016, one indicator among several that they are embracing the theory of “secular stagnation,” according to Bank of America Merrill Lynch. ”There is simply no ‘greed’ to sell in equities,” wrote Michael Hartnett, chief investment strategist in a Tuesday note. “Investors are […]

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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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Trump Today: President says trade talks going well as China reported to be wary of quick deal

President Donald Trump offered more optimism about China trade talks on Thursday, as he asserted he didn’t break campaign-finance laws and held discussions with the Czech Republic’s prime minister. CHINA TALKS Trump again characterized trade talks between the U.S. and China as “moving along,” putting a positive note on discussions between the world’s two largest economies. His remarks, during a […]

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Here are the gifts the Trumps got from foreign leaders

Foreign governments gave President Donald Trump and his family gifts including a porcelain dinnerware set and portraits of Trump himself during his first year in office, according to a list released Wednesday by the State Department. Trump and other presidents can’t keep many of the gifts they receive, since rules prevent U.S. officials from accepting gifts valued above $390. Many […]

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UnitedHealth stock paces Dow losers, as blow from ‘Medicare for all’ bill leaves a mark

The sharp selloff in managed-care stocks continued Monday, in the aftermath of the “Medicare-for-All” bill introduced last week, with UnitedHealth Group Inc. shares leading the Dow Jones Industrial Average’s losers for a third time in four sessions. The bill proposes a simplified health-care system by moving to a single-payer model, with the transition from the current multi-payer system taking just […]

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