|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.
46 S&P 500 companies report earnings this week, including Walmart, CVS Health and Kraft Heinz. Plus, the Fed releases minutes from its January meeting.
W. Ben Hunt Ph.D. is a unique and interesting voice in the investment community today. Warning! GuruFocus has detected 2 Warning Sign with BRK.A. Click here to check it out. The efficient market hypothesis has been around for decades, and continues to have many adherents, especially in the ivory towers of academia (despite the reams of real world evidence debunking the hypothesis ).
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.