U.S. equities have had a stellar run on strong growth and rising optimism around President Donald Trump’s tax reform. However, latest developments in the political landscape in the United States spell trouble for the Republicans. Positives for Trump GDP growth for the United States was revised up to 3.3% in the third quarter compared with…
Last week I reviewed US stock-market returns in context with recent history for perspective on deciding if the latest bull run is extreme. The results suggest that current trailing performance for one and three years was impressive but not yet off the charts. The caveat is that the analysis focused on the last quarter century using a…
.. at least according to BofA’s latest, just released December monthly Fund Managers Survey, in which 172 participants with $480bn in AUM responded to dozens of questions, among which “what do you think is the most crowded trade.” Back in September, as we reported at the time, for the first time ever the top answer according…
It is probably correct to say that a Tory truce has been declared over Brexit until the New Year. The PM was defeated in the Commons over an amendment to the EU Withdrawal Bill last week which will require the government to gain parliamentary approval for a separate Bill which will enact the UK’s withdrawal…
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.06%) this morning are up +0.07% as the prospects of U.S. tax cuts buoys stocks. The House is scheduled to vote on the Republican tax-reform package today before its gets sent to the Senate for a vote. Gains in energy stocks are also boosting the overall market with…
Wall Street loves the prospect of a tax bill landing on the president’s desk this weekend. We’re within striking distance of Dow 25,000 as I write this. I think the markets are going to continue to soar from here, allowing for the prospect of a small pullback when and if traders try and “sell the…
A retiree called me, nervous about the stock market crashing. He wanted to know if he should abandon the markets by selling his stocks and staying in cash. AN ALTERNATIVE TO TIMING THE MARKET Since you can’t predict when the market will crash, you need a good defense. Historically, selling out has rarely been a…
Yesterday’s signals were not triggered, as none of the key levels were reached. Today’s AUD/USD Signals Risk 0.50%. Trades may only be taken between 8am New York time and 5pm Tokyo time, during the next 24-hour period. Short Trades · Short entry following some bearish price action on the H1 time frame immediately upon the next…
Growth investing was all the rage in 2017, as the likes of tech giants from Amazon (AMZN – Free Report) to Nvidia (NVDA – Free Report) helped send markets to new heights. Now, as we head into 2018, investors are likely to remain focused on companies that are poised to grow substantially. But many investors already hold the likes…
Nomura Instinet analyst Jeffrey Kvaal downgraded Apple (AAPL) to Neutral from Buy and cut his price target for the shares to $175 from $185. The iPhone maker closed yesterday up $2.45 to $176.42. The stock’s gains for the iPhone X “supercycle are in the late innings,” Kvaal tells investors in a research note. The analyst…
