Market watcher Adam Kobeissi says after Monday's global meltdown, volatility is here to stay – and he believes that's a good thing. Stocks began the week with their worst day in years, when a massive sell-off that began in Japan due to a rate hike that disrupted the yen carry trade and reverberated to Europe and the U.S., triggering calls by some for the Federal Reserve to implement an emergency rate cut.
Look, markets are bouncing back and actually we need the opposite of an emergency rate cut, because if you cut rates right now, you are cutting rates more aggressively than what the markets are forecasting already," Kobeissi told FOX Business in an interview Tuesday. He argued that trimming rates in the U.S. would weaken the dollar against the yen even further, and broaden the spread between interest rates in the U.S. and Japan, making the trend even worse.
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BoJ’s Uchida: Will keep a close eye out on moves amid massive market volatilityAfter creating havoc in the Japanese Yen markets, Bank of Japan (BoJ) Deputy Governor Shinichi Uchida is back on the wires now, via Reuters, commenting on the bank’s next policy move, the recent market volatility and the economic outlook.
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What investors should do when there is more volatility in the marketU.S. stocks are bouncing back after the market experienced its worst day in two years on Monday, but the average investor may still be understandably spooked.
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What investors should do when there is more volatility in the marketNEW YORK (AP) — U.S. stocks are bouncing back after the market experienced its worst day in two years on Monday, but the average investor may still be
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What investors should do when there is more volatility in the marketU.S. stocks are bouncing back after the market experienced its worst day in two years on Monday, but the average investor may still be understandably spooked. Over a three day losing streak, the S&P 500 dipped more than 6% before rallying again Tuesday, up 1.6% in midday trading.
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What investors should do when there is more volatility in the marketU.S. stocks are bouncing back after the market experienced its worst day in two years on Monday, but the average investor may still be understandably spooked.
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Where BlackRock's Rick Rieder sees income opportunity amid the market volatilityBlackRock CIO Rick Rieder said these assets have attractive yields and solid fundamentals.
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