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JP Morgan's Wall Street chief says more market meltdowns like December's rout are comingThe S&P 500 crossed into a bear market on an intraday basis in late December before recovering most of its losses. That pattern is likely to repeat this year, Daniel Pinto says. Trump will RUIN the Great Economy Obama worked so hard to ACHIEVE for America Market meltdowns are great for majority of individual investors who save their paycheques and buy stocks at cheaper prices. What’s not to like about discount over the same goods? Would like to see a visual history of his prognostications. Is he 100% correct 100% of the time? Or does he forecast often, but not well? Spoiler alert—-Hey, he might be right!
Source: CNBC - 🏆 12. / 72 Read more »
Markets Right Now: Stocks open lower on Wall StreetThe latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening broadly lower on Wall Street as traders worry about the impact on U.S. companies of a slowdown in China's economy. Caterpillar dropped 8.2 percent in early trading Monday after the heavy... But but but there is a genius in the White House!?! 2 years later and we're still where we began.
Source: ABC - 🏆 471. / 51 Read more »
Bank Stocks Are ‘Resoundingly Cheap,’ Says a Wall Street AnalystBanks have been very unpopular for a very long time. Yet that doesn’t make sense to Oppenheimer’s Chris Kotowski, who argues that banks boast remarkably strong balance sheets, and valuations that have simply gotten too low. barronsonline JMHO, BofA is shite. Crap senior management, earnings rely on interest rate, no real management strategy. Acquisition of ML a disaster. Low employee morale. Only hope is to spin out ML then spin wealth management to create value for shareholders. Bring back Lewis/McColl.
Source: MarketWatch - 🏆 3. / 97 Read more »
Only China can save earnings for Wall Street (and the world): Bank of AmericaOur call of the day comes at the end of a short, and not sweet, week for stocks as growth worries and shutdown woes linger. China is the only thing that can save a global earnings recession, says Bank of America.
Source: MarketWatch - 🏆 3. / 97 Read more »
Earnings optimism pushes Wall Street higherU.S. stocks rose on Friday, with technology and consumer discretionary sectors l... It is more about the arrest this morning. The closer we get to getting rid of trump, the closer we get to the market leveling off
Source: Reuters - 🏆 2. / 97 Read more »