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Stock market rally lacks ‘deep roots’ warns Standard Life strategistOur call of the day, from Andrew Milligan, head of global strategy at Standard Life Investments , says some rather fickle money is backing the stock market gains we’ve seen since Christmas.
Source: MarketWatch - 🏆 3. / 97 Read more »
A 5% to 10% correction is vital for this stock market, warns Jefferies strategistOur call of the day from Steven DeSanctis, equity strategist at Jefferies, says he doesn’t see “sustainable momentum” in the up and up action for stocks since the start of the year. Doesn't matter, an increase in interest rate in December deflated the bubble for 15 days. After that it was back to normal. Such a correction will either result in a bear market or it will be temporary Agreed. If there is a BULLISH case, there needs to be a correction to remain healthy. The higher it goes without one, the stronger the reversion to the mean.
Source: MarketWatch - 🏆 3. / 97 Read more »
There's a worrying split between stocks and bonds, and economists aren't sure which market is rightThe stock market is euphoric over the idea that a trade deal between the U.S. and China will fix the economy and boost earnings, but the bond market still sees uncertainty and a possible recession lurking. Probably correct... You do realize the majority of your tweets don’t age well Bless your heart for trying. You’re good at it. See you at Dow 27k.
Source: CNBC - 🏆 12. / 72 Read more »
Despite sharp rebound, chart watcher Louise Yamada warns stocks aren't out of the woodsTechnician Louise Yamada says it's premature to determine whether the market downturn is securely in the past. S&P500 P/E is 22...forward P/E is approaching 30. Europe and China have ground to a halt. US housing market is down 10-20% and stocks are 20% higher in 2 months because the FOMC choose to use BS dovish rhetoric. This market is on the cusp of a collapse.
Source: CNBC - 🏆 12. / 72 Read more »
Cannabis stocks mixed in choppy trade with Canopy Growth and Hexo in focusCannabis stocks were mixed on Tuesday, amid a flurry of announcements on the progress of medical and recreational-use bills around the U.S.
Source: MarketWatch - 🏆 3. / 97 Read more »