Gold futures led lower Friday, pulling back to two straight days of gains, with prices ready to record their first weekly loss in 10 weeks on the back of recent strength in U.S. Treasury yields. The week began with gold trading in record highs, but will end with “several factors …
Read More »Here’s a tip for pandemics: Buy on the rumor of a COVID-19 vaccine, sell on the news
The stock market may fall if a COVID-19 vaccine receives formal FDA approval. I know I’m advancing myself because it does not guarantee that an effective vaccine will ever be produced. But with eight faxes now in Phase III studies, and with Russia claiming bragging rights by being the first …
Read More »Companies are considering stock splits, according to Tesla and Apple announcements, says expert
After Tesla and Apple announced plans to share their shares within weeks of each other, there has been a growing buzz that more companies with triple and square digits stock prices will follow in their footsteps. “Everyone is talking about it,” Howard Silverblatt, senior index analyst at S&P Dow Jones …
Read More »Asian markets mutate as traders wait for US stimulus pending
Asian markets did not change much in early trading on Friday, after shares fell on Wall Street when the stalemate over a second coronavirus relief plan continued on Capitol Hill. Japanese Nikkei 225 NIK, + 0.06% was almost flay, while Hong Seng’s Hang Seng Index HSI, -0.05% 0.2% glide. The …
Read More »Shares could melt as they did in the Roaring 20s, says strategist – we all know what happened next
Mark Twain once said, “History does not repeat itself, but often rhymes.” Ed Yardeni, chief investment strategist at Yardeni Research, applies those words to what, for most observers, should feel like a unique climate for playing the market these days. But that is not necessarily the case, according to Yardeni. …
Read More »