|Day's Range||2,760.24 - 2,775.66|
|52 Week Range||2,346.58 - 2,940.91|
Jeffrey Gundlach, founder of DoubleLine Capital, discusses the outlook for the market, tax policy, cannabis, millennials, the national debt, and the 2020 presidential campaigns.
Jeffrey Gundlach warns that buyers of December's low will accelerate selling when that buy goes underwater.
Money manager Douglas Gordon is worried about a potentially widespread problem in long-term investors' portfolios. Gordon, who's instrumental in building Russell Investments' asset allocation strategies, believes many investors haven't rebalanced their portfolios to reflect the historic 2019 stock market rally. According to Gordon, the market rally's robust gains are tilting investors too far into stocks.
MARKET EXTRA U.S. financial markets will pause Monday in observance of Presidents Day — which, technically, is not the name of the holiday. The New York Stock Exchange and Nasdaq will shutter on Feb.
Munger’s comments come after Amazon announced on Thursday that it was canceling plans to build its New York City headquarters in Long Island City, and wouldn’t be seeking a replacement venue.
The Nasdaq Composite, an index often employed as a proxy for the health of technology and internet-related stocks, was on the verge Wednesday of ending its longest bear market since 1991.
A fat yield can signal a great opportunity -- or trouble. Here's what you need to know about tantalizing yields.
Just days after Morgan Stanley’s Mike Wilson announced the S&P 500 profits would turn negative for the first six months of 2019, Brian Belski at BMO Capital Markets said such fears are “overblown.” At the argument’s core is the strength of an earnings machine that’s been underpinning the record 10-year bull market. Based on the average of analysts estimates, U.S. firms are on the cusp of suffering two consecutive quarters of profit declines, the common definition of a recession. To Morgan Stanley’s Wilson, the earnings deterioration is so widespread that analysts probably won’t stop trimming their estimates until the expected growth rate turns negative for the entire first half.
Last week’s price action in the Treasury markets, the U.S. equity markets and the U.S. Dollar strongly suggest that those calling for a top in the U.S. economy based on the headline inflation number, the weak retail sales report and the drop in industrial production, have wrongly determined that the U.S. economy has topped.
A positive outlook for U.S.-China trade relations encouraged investors to overlook the noise created by worries over a slowing economy and earnings growth. The retail sales and industrial production declines represented only one occurrence and not a trend. Furthermore, the data was taken during the government shutdown which may have skewed the results. If so, then the effects of any short-term disruptions will smooth out over the long-term.
Industrial shares are on track to drive the stock market’s gains on a quarterly basis for the first time in more than five years, fueling anxiety about a rapid unwind should trade negotiations with China stall. The S&P 500 industrials sector, which includes stocks like Caterpillar Inc., Boeing Co. and American Airlines Group Inc., has led this year’s rebound with a 16% increase. The group hasn’t been the best performer in any quarter since the end of 2013 and has only ever held the title four times, according to Dow Jones Market Data.