"A lot of things have to go right for the market to keep going up," UBS' Art Cashin says. "You've got to run the table here."surged 40 points in just six days, hitting historic highs on Tuesday, but we've already given up most of those gains, down 30 points since the open on Wednesday. You can blame oil's drop for part of Wednesday's decline, but the market has bigger problems.
"A lot of things have to go right for the market to keep going up," UBS' Art Cashin said. "You've got to run the table here." What Cashin means is that traders believe the discussion needs to shift on several key issues that are moving markets:. This "patience" mantra that Chairman Jerome Powell keeps repeating is wearing thin. Neutrality is not enough. The market is saying the global economy needs more reflation, more stimulus. Only China's central bank is in aggressive stimulus mode, but markets want others to get back in.
. For the last month, markets have risen because sentiment has improved. There's a belief these regions are bottoming. Now, we need to see hard economic data over several months to prove the sentiment turnaround was right.We have avoided the dreaded earnings recession — two consecutive quarters of declining earnings — for the moment. But with stocks this high, even several quarters of "flat" earnings may not cut it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 carves out first intraday record in about 7 months as stocks extend gainsU.S.stocks on Monday morning climbed tentatively higher but sufficiently so to score the first intraday high for the broad-market S&P 500 since late...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks post minor gains as S&P 500, Nasdaq log back-to-back record finishesStocks ended with small gains Monday, as the S&P 500 and Nasdaq Composite moved further into record territory at the start of a week that features a... When is a bubble not a bubble realDonaldTrump ?
Source: MarketWatch - 🏆 3. / 97 Read more »
Chinese stocks just saw their worst week since October, but a few China ETFs are still beating the marketThe Shanghai stock market is down nearly 6% this week, but several exchange-traded funds that hold Chinese stocks are still beating the S&P 500. MelissaDonna5 Plz give me a S/O
Source: CNBC - 🏆 12. / 72 Read more »
As S&P 500 sits at a record, nearly a quarter of stocks are still stuck in a bear marketNot all stocks have joined in on the S&P 500's move back to records. More than one-fifth of its components are still at least 20% from 52-week highs even as the underlying index has hit fresh all-time peaks. TradingNation Pick the right ones. 🤷🏻♂️
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Alphabet, GE, McDonald's,Texas Roadhouse & moreCheck out the companies making headlines midday Tuesday...
Source: CNBC - 🏆 12. / 72 Read more »
PODCAST || Burton Malkiel: The Man Who Claimed Monkeys Pick Better Stocks Is VindicatedSteve Forbes speaks with one of the greatest investment minds, Burton Malkiel, about tips for the everyday investor.
Source: Forbes - 🏆 394. / 53 Read more »
Coke and Pepsi Could Be Cannabis Stocks, Too — if They Join the CBD CrazeMajor beverage and cannabis companies — including Coca-Cola, PepsiCo, Tilray, and Canopy Growth — look poised to benefit from exploding demand for CBD products. It’s all about scale. The idea behind the industry was to have small businesses grow and mature. It was never meant for the matured business to hijack. Don’t recall any activism by coke or Pepsi they had nothing to do with regulatory changes.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks open mostly lower as Google earnings drags down S&P, NasdaqU.S. stock-market benchmarks were mostly lower at the opening bell on Tuesday after Google's results weighed on the S&P 500 and Nasdaq, even as solid...
Source: MarketWatch - 🏆 3. / 97 Read more »
PODCAST || Burton Malkiel: The Man Who Claimed Monkeys Pick Better Stocks Is VindicatedSteve Forbes speaks with one of the greatest investment minds, Burton Malkiel, about tips for the everyday investor. When they use to just raise the price of the stock, they'd just pull the same shit. Then they'd fill the 'price of everything' with the same name, so there was no way to buy
Source: Forbes - 🏆 394. / 53 Read more »