By Emily Flitter Published 2:25 pm PST, Monday, December 24, 2018 Steven Mnuchin, U.S. Treasury secretary, right, speaks while Jerome Powell, chairman of the U.S. Federal Reserve, listens during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in Washington, D.C., U.S., on Wednesday, Dec. 19, 2018. When Mnuchin fingered high-frequency trading and the Volcker Rule as factors behind recent misery in the stock market he left out some other possibilities that might be contributing. Namely, the White Houses's ongoing trade conflict with China and President Donald Trump's threat last week to shut down the government. Photographer: Al Drago/Bloomberg less Steven Mnuchin, U.S. Treasury secretary, right, speaks while Jerome Powell, chairman of the U.S. Federal Reserve, listens during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in ... more Photo: Al … [Read more...] about Stocks close in on bear market as Trump and Mnuchin fuel Christmas Eve drop
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Samuel Potter Bloomberg News Published 9:41 AM EST Dec 6, 2018 Stocks slumped at the start of U.S. trading, following European and Asian shares lower, as concern resurfaced that trade tensions between the world’s two largest economies are far from resolved. Oil slid as OPEC ministers met in Vienna. The Dow Jones Industrial Average sank more than 400 points, while S&P 500 resumed its slide after one of the biggest routs of the year. Trade tensions reignited after the arrest of the chief financial officer of tech giant Huawei Technologies Co. – dousing hope China and the U.S. would make immediate progress on a deal. The yuan dropped the most since October. The start of the futures session was marred by a sudden and unexpected plunge that sent a shock wave across equity markets. “The biggest qualm is the trade war escalating and this is haunting the markets,” said Naeem Aslam, chief market analyst at Think Markets U.K. in London, in an email. “It … [Read more...] about Stocks slump, treasuries gain as sell-off resumes
Bloomberg News Published 7:41 PM EST Nov 19, 2018 Weeks have become months in measuring stock market pain. Lines on charts didn’t work. A favorite boundary for bulls, the 200-day average in the S&P 500, is a distant memory. Earnings have come and gone — they made things worse. Midterms? Nope. Falling yields? Haven’t helped. The decline showed no sign of abating Monday as the Nasdaq 100 fell 3 percent to the lowest since April. The Dow Jones Industrial Average closed the day down 1.6 percent, while the S&P 500 fell 1.7 percent. Following are the views of money managers and strategists on what could conceivably put a brake on the selling. It starts with views held by virtually everyone, that a softening in Federal Reserve rhetoric or in Donald Trump trade bluster would be the fastest route to relief. Then it gets into some other ideas. Trade war Ryan Nauman, market strategist at Informa Financial Intelligence: “No. 1 could be trade. At the G20 … [Read more...] about Wall Street’s views on what could stem stock sell-off
Susan Tompor Detroit Free Press Published 7:50 AM EST Nov 8, 2018 Looking to give your portfolio a high now that Michigan voters gave the green light to recreational use of marijuana? Well, let's just say you're not exactly the first one out there to try to catch a buzz on this one. But if you don't watch out, you could easily get caught. "It’s fertile ground for getting burned at this stage," warned the CEO of Sigma Investment Counselors in Northville. Sure, weed stocks are media darlings. On Wednesday, for example, CNBC ran the odd headline: "Marijuana stock Tilray up 30 percent after Jeff Sessions resigns under pressure." Are some speculating here that the marijuana industry won't have U.S. Attorney General Jeff Sessions, a critic of legalization, to kick around any more — perhaps paving the way for the end of the U.S. prohibition? Or maybe giving policy makers more room to make it easier for banks to serve cannabis businesses? OK, … [Read more...] about Marijuana stocks: Is it time to invest in them?
Vildana Hajric, Bloomberg Published 7:19 am PDT, Tuesday, October 23, 2018 In this file photo trader Thomas Ferrigno works on the floor of the New York Stock Exchange. In this file photo trader Thomas Ferrigno works on the floor of the New York Stock Exchange. Photo: Richard Drew, AP Trader Michael Milano works on the floor of the New York Stock Exchange, Monday, Oct. 22, 2018. U.S. stocks veered broadly lower in early trading Monday as losses in health care companies and banks outweighed gains elsewhere. less Trader Michael Milano works on the floor of the New York Stock Exchange, Monday, Oct. 22, 2018. U.S. stocks veered broadly lower in early trading Monday as losses in health care companies and banks outweighed ... more Photo: Richard Drew, AP Traders Michael Urkonis, left, William Lawrence, center, and Michael Smyth work on the floor of … [Read more...] about Stocks Extend Slide; Dow Declines 500 Points: Markets Wrap