A stock-market correction is coming, but don’t ‘head for the hills yet’, says BNY Mellon

China blasted out pretty upbeat exports data Friday, setting the tone for what could be an upbeat day, helped by upbeat results out of J.P. Morgan and Wells Fargo.

Young isn’t scared of a correction itself, even as she says recent markets activity has her thinking the chances of a pullback are more likely. “The fourth quarter was hard for people who hadn’t seen a pullback like that in a long time. People got scared and pulled money out. I don’t blame them,” she said. A historical bear market without a recession can mean a pullback of 15% to 20%, while a bear market with a recession can mean a drop of 30% to 40% or more.

Europe stocks SXXP, +0.23% are higher. Asian equities were a mixed bag, with a gain for the Nikkei NIK, +0.19% while China stocks SHCOMP, -0.51% pared after data on trade and stronger lending to banks.The chart Overly bullish stock investors may be pushing this market toward a pullback, says our chart of the day, from Hedge Fund Tips blogger T.J. Hayes.

Boeing’s BA, -0.31% CEO says crews have made 96 test flights of 737 Max jets in a bid to convince regulators the plane is safe.

Your chart only shows results from the last year. Don’t you need a longer terms to determine a trend?

South Africa South Africa Latest News, South Africa South Africa Headlines

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

BNY has quietly started working with a marijuana ETF — and it’s about to be the first major bank to help the world’s largest funds invest in the booming industryInstitutional investors have previously avoided investing in cannabis because no federally-chartered banks would hold the stock. BNY has changed that.
Source: BusinessInsider - 🏆 729. / 51 Read more »

U.S. stock-market euphoria may be nearing a dangerous level, says RBC strategistOur call of the day, from RBC Capital Market’s head of U.S. equity strategy, Lori Calvasina says there may be a little too much euphoria around the S&P... Dangerous for 2020 Dems.
Source: MarketWatch - 🏆 3. / 97 Read more »

A ‘tired’ stock market is a reason for caution, says chart watcherDo stock-market bulls need a timeout? One chart watcher argues that the rally that’s seen the S&P 500 roar back from the verge of a bear market to the...
Source: MarketWatch - 🏆 3. / 97 Read more »

You can capture a dividend above 5% and still enjoy stock-market growthJeff Jonas of Gabelli talks about a closed-end fund that invests in the health-care and consumer staples sectors.
Source: MarketWatch - 🏆 3. / 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 »

The Nintendo Switch is coming to China, but will it sell in a console-hostile market?Despite the size of China’s gaming market, consoles have rarely sold well there. Prior to a ban on gaming consoles that ran from 2000 to 2015, Nintendo previously sold devices like the Nintendo 64 and 3DS XL in China under the brand “iQue.”
Source: Newsweek - 🏆 468. / 52 Read more »