Bulls, enjoy the next two weeks. Why? Well, according to “renowned trade expert” Larry Williams and his reading of this chart, the end of the month could also mean the end of the rally. CNBC Williams focuses on seasonal market patterns to chart its course, noting that July tends to …
Read More »Dow flirts with a level of 27,000, the S&P 500 erases 2020 losses in vaccine hopes, Goldman’s earnings
Posted: Jul 15, 2020 at 11:16 am ET Goldman Sachs earnings in focus. Getty The shares gained ground Wednesday due to optimism about progress on a COVID-19 vaccine candidate despite mounting cases in the United States, while investors digested earnings reports and monitored tensions between the United States and China. …
Read More »Dow futures rise nearly 500 points as vaccine hopes rise and investors cheer on gains
Stock index futures were aiming for a higher start for Wall Street on Wednesday as investors buoyed up with positive results for a COVID-19 vaccine candidate, looking beyond a continued rise in US cases. USA -Chinese tensions. What are the main indexes doing? Futures in the Dow Jones Industrial Average …
Read More »Major banks are hauling ‘big fees’ on debt and equity underwriting during the coronavirus crisis
Cash could be king during a crisis. But for the major investment banks that help the Federal Reserve do “whatever it takes” to maintain the flow of credit during the pandemic, the ace in the hole has been capital market commissions. Drink JPMorgan, Chase & Co. JPM, + 0.57%, which …
Read More »It’s time for investors to stop buying stocks that are “incredibly decoupled” from reality, economist warns
“ “The investment challenge could well change in the coming months from going through an exceptional wave of liquidity, which raised virtually all asset prices, to going through a general price correction and complex individual defaults.” “ That is Mohamed El-Erian, Allianz’s chief economic adviser, speaking about what investors should …
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