That was Wall Street icon Carl Icahn, speaking to CNBC after Thursday’s softer-than-expected inflation report that sparked the best day for stocks since early 2020. The Dow industrials DJIA closed up 1,200 points, while the yield on the 10-year Treasury note BX:TMUBMUSD10Y tumbled 33 basis points to 3.828%.
... “A rally like this is of course very dramatic to say the least… but I still think we are in a bear market.” That was Wall Street icon Carl Icahn, speaking to CNBC after Thursday’s softer-than-expected inflation report that sparked the best day for stocks since early 2020. The Dow industrials DJIA closed up 1,200 points, while the yield on the 10-year Treasury note TMUBMUSD10Y tumbled 33 basis points to 3.828%.
Read: Curb your enthusiasm — Thursday’s explosive rally in stocks likely means the bear market is alive and well Futures are now pointing to the Fed’s terminal rate peaking at 4.9% next June, with chances of a 50 basis point hike by the Fed at its December meeting up to 85%. Earlier this week those expectations wavered between a 50bp and 75bp hike.
He invests in a way where the Public best not follow him.
FCF_Bsc invites all small and large businesses to accept cryptocurrency payments from their customers, fcfpay has ecosystems and a great team to support anyone to accept cryptocurrency payments in their business Check it out:
This guy needs another 4% before he dies and takes all his money with him. What a loser.
My experience thaught me that Mr Icahn always hace the reason.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »