Take the head of the world’s biggest asset manager, BlackRock’s Larry Fink, who said Tuesday, as the S&P 500 inched closer to a record, that he sees a risk of those, afraid of missing out, piling into the market in a so-called “melt-up.” What he’s not too worried about is a big selloff, at least in the near term.
Calvasina has been tracking weekly U.S. equity futures reports provided by the U.S. Commodity Futures Trading Commission . Some on Wall Street use those data as a measure of sentiment of how hedge funds and institutional investors are positioning in the U.S. equity markets. “If we’re only getting modest earnings growth this year, S&P 500 only deserves to have modest expansion based on how it is played out the last few times,” says Calvasina.
The chart China stocks have been reacting to that big batch of economic data, giving one more step up to a rally that has already seen the Shanghai market advance around 30% this year—which merits a spot in our chart of the day. Netflix NFLX, +3.04% shares are lower after the streaming video group reported a record number of paying subscribers, but reported a weaker second-quarter growth forecast.
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:
Dangerous for 2020 Dems.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wage growth is accelerating, and that may be bad news for stock-market bullsU.S. corporations are worried about rising wages, and for good reason. Distributive ledger technology and crypto currency is going to change up many markets in the next year. Technology access and information while knowing what to do with crypto currency for your average consumer is going to be a major problem. - Lucas BitDigiNet
Source: MarketWatch - 🏆 3. / 97 Read more »
The joy ride for stocks from central banks is over, says strategistOur call of the day, from Hussein Sayed, chief market strategist at FXTM, says it’s time for investors to start holding Wall Street responsible for further...
Source: MarketWatch - 🏆 3. / 97 Read more »
US earnings may fall into recession, but Blackstone says it's still bullish on stocksWhile there are fears that an earnings recession in the U.S. could happen this year, Blackstone's chief investment strategist says it doesn't mean there would be an economic recession. In fact, there's a buying opportunity. Who produces these stupid headlines just to scare people...🤔who has an interest in making things look bad prior to 2020, hmmm, let me think🤔 Because FED, thanks for playing. Well $BB HAD GREAT EARNINGS BUT IT STILL SOLD OFF, SO STOP WITH THAT BS, ITS MANIPULATION BY MARKET MAKERS MAKING OPTIONS CHEAPER. CROOKS WALLSTREET NEVER BUY OPTIONS, ONLY STOCK ITSELF. OR WALLSTREET WILL CHEAT YOU! NEVER BUY PRODUCTS AND THOSE ARE OPTIONS.
Source: CNBC - 🏆 12. / 72 Read more »
Brent nears $72 amid tightening supplies; surprise draw in U.S. crude stocksOil prices rose on Wednesday, supported by concerns over tightening global suppl... Whatever, my gas hit $3.03 today! trend_bullish $XOP good play here Who's the idiot?
Source: Reuters - 🏆 2. / 97 Read more »
Millennials are worried that a stock-market crash could derail the US economyUS millennials see a stock-market crash as a key risk to the economy while Older Americans are more concerned about terrorism and geopolitical events.
Source: BusinessInsider - 🏆 729. / 51 Read more »