The major averages are still on pace to end the week on a downturn, with the S&P 500 on track for its worst weekly performance since Dec. 16.The back-and-forth rally in the markets is looking to continue in the near future, according to BankRate's chief financial analyst Greg McBride.
Bass continued, "Europe is in such dark times for the next 10 to 15 years. I can't imagine — outside of a trade — buying Europe and selling it quickly. I would keep investing in the U.S."Keep an eye on the 3,900 S&P 500 level, chart analyst Katie Stockton says The broader market index has also given up a chunk of its January gains. It was last up about 4% for the year after popping more than 6% in January."That abrupt reversal shows a shift in market sentiment that, I think, is … going to be difficult to weather in the near term," Stockton said on CNBC's "Squawk Box."Equity markets are running out of oxygen after the January rally, according to Societe Generale.
Edwards mentioned Michael Wilson of Morgan Stanley's comparison of the S&P's rally since October with an "Everest ascent."
We should do away with the federal reserve.
It’s all about to come down 📉 GE April - June PUTS will be big money 💰 - bout to get institutionally dumped ! Bear 🐻 time 🍻
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