Do not buy into the Goldilocks narrative in this stock market, strategist warns

In case you needed evidence, the S&P 500 SPX, +1.47% , Dow DJIA, +0.79% and Nasdaq COMP, +2.02% proved that last week with all three in the red for five days in a row, which hasn’t happened since 2016.Of course, nobody — with a few bearish, and increasingly desperate, exceptions — is really pushing the panic button just yet. The market’s proven far too resilient to be thrown off by a few down days. Just look at Monday’s action.

Then, of course, there’s Friday’s disappointing jobs report, which registered the smallest gain in new jobs since September 2017. The market After some early weakness, the Dow DJIA, +0.79% managed to barely break into positive territory, following the S&P SPX, +1.47% and Nasdaq COMP, +2.02% solidly higher. Gold prices GCJ9, +0.28% felt some stiff risk-on headwinds and were down at last check. Crude oil CLJ9, +0.46% was rallying more than 1%. Europe stocks SXXP, +0.78% were under pressure much of the day, while Asia ADOW, +1.13% clawed back some gains in an upbeat session.

Tesla TSLA, +2.39% shares were rallying after the company backed off a bit of a promise to cut prices on all its cars and move sales online. The electric-car maker said it will likely keep significantly more physical stores open, which will halve the savings it had hoped to pass onto to customers. Worried about robots taking your job? Don’t be, according to Alexandria Ocasio-Cortez. “We should not be haunted by the specter of being automated out of work. . . . We should be excited by that,” she said in Austin, Tex. over the weekend. “But the reason we’re not excited by it is because we live in a society where if you don’t have a job, you are left to die. And that is, at its core, our problem.

The quote “At restaurant tonight waitress asks if we want straws. Says she has to ask now in fear of ‘THE STRAW POLICE.’ Welcome to Socialism in California!” — California Republican Devin Nunes, in a tweet Saturday evening.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

An ‘unwholesome appetite’ for stocks could spoil this fairytale, strategist warnsApparently, stocks can also fall in 2019. The S&P 500, Dow and Nasdaq proved that last week with all three in the red for five days in a row, which hasn’t happened since 2016. So much for that big bounce off December lows?
Source: MarketWatch - 🏆 3. / 97 Read more »

The bond market is flashing a major buy sign for stocks, says Jim PaulsenWorried investors searching for meaning in the bond market and its relationship to stocks may feel vindication after this week. They would be wrong, says Jim Paulsen. Support the system!!!
Source: CNBC - 🏆 12. / 72 Read more »

These seven stocks have done the worst in the 10-year bull marketThere is a short list of S&P 500 stocks that have actually declined in price since March 2009.
Source: CNBC - 🏆 12. / 72 Read more »

Don’t write off stocks just yet because the market has what it takes to hit new peaks, says JPMorgan strategistLook at a dovish Federal Reserve, a stabilizing yield curve and a likely U.S.-China trade deal, says a strategist at JPMorgan Chase & Co. 🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️🤦‍♀️ I welcomed the pull back. I added to my existing positions and bought a couple of new ones. Down 400 points during the day. Up 200 from there. I bought at the low and made money by the close.
Source: MarketWatch - 🏆 3. / 97 Read more »

A Wall Street chief strategist says the stock market is overdue for some severe turbulence — and he's identified 3 cheap trades for investors to take advantageThe cost of being wrong in the options market has rarely been lower, according to BTIG's Julian Emanuel.
Source: BusinessInsider - 🏆 729. / 51 Read more »

'China isn’t going to implode:' A Wall Street chief strategist breaks down why the nation's latest economic warning isn't a disaster, and outlines the path higher for US stocksA top strategist says China's new economic warning won't stop US stocks from booking big gains this year as US growth continues and earnings improve.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks This Week: Buy Ametek And Short SymantecHere are one long and one short recommendations for this week.
Source: Forbes - 🏆 394. / 53 Read more »