Dow set to jump more than 250 points as Wall Street cheers prospects of a US-China trade deal

U.S. stock index futures were higher Wednesday amid renewed optimism around the possibility of a permanent U.S.-China trade deal being struck. ET, Dow Jones Industrial Average futures rose 232 points, indicating a gain of 267.76 points. Optimism around trade lifted shares of Caterpillar and Boeing by more than 1 percent each before the bell. These stocks are seen as bellwethers for global trade because of their exposure to markets abroad. Wall Street had another wild session on Tuesday, with the


U.S. stock index futures were higher Wednesday amid renewed optimism around the possibility of a permanent U.S.-China trade deal being struck. ET, Dow Jones Industrial Average futures rose 232 points, indicating a gain of 267.76 points. Optimism around trade lifted shares of Caterpillar and Boeing by more than 1 percent each before the bell. These stocks are seen as bellwethers for global trade because of their exposure to markets abroad. Wall Street had another wild session on Tuesday, with the
Dow set to jump more than 250 points as Wall Street cheers prospects of a US-China trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: fred imbert, sam meredith
Keywords: news, cnbc, companies, jump, street, chinese, wall, uschina, china, futures, trade, points, seen, talks, mahajan, deal, tariffs, prospects, trump, dow, set


Dow set to jump more than 250 points as Wall Street cheers prospects of a US-China trade deal

U.S. stock index futures were higher Wednesday amid renewed optimism around the possibility of a permanent U.S.-China trade deal being struck.

At around 7:02 a.m. ET, Dow Jones Industrial Average futures rose 232 points, indicating a gain of 267.76 points. Futures on the S&P 500 and Nasdaq 100 were also seen relatively upbeat.

Optimism around trade lifted shares of Caterpillar and Boeing by more than 1 percent each before the bell. These stocks are seen as bellwethers for global trade because of their exposure to markets abroad.

In an interview with Reuters on Tuesday, President Donald Trump said he would intervene in the Justice Department’s case against a top executive at Chinese telecoms giant Huawei if it would help serve national security interests or help U.S.-Sino trade talks. Huawei is the one of the largest tech companies in China. It is also seen as a symbol of pride by the Chinese government.

The moves in premarket trade come after Trump said talks between Washington and Beijing were ongoing and confirmed he would not raise tariffs on Chinese imports until he was sure about a comprehensive trade agreement.

They also come after multiple reports pointed to China cutting tariffs on U.S.-made cars. A U.S. official told Reuters China indicated it will lower the tariffs, but the U.S. would wait on formal documentation and timing.

Wall Street had another wild session on Tuesday, with the Dow swinging more than 500 points before closing slightly lower.

“This intraday volatility is very headline-driven,” said Mona Mahajan, U.S. investment strategist at AllianzGI. “Between trade, the Federal Reserve and recession fears, it’s reason to give investors pause.”

“Investors are also more willing to sell rallies than buy dips. That’s the sentiment right now,” Mahajan said.


Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: fred imbert, sam meredith
Keywords: news, cnbc, companies, jump, street, chinese, wall, uschina, china, futures, trade, points, seen, talks, mahajan, deal, tariffs, prospects, trump, dow, set


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Dow turns negative, drops 200 points as bank shares fall

News of Meng’s arrest broke last week and is reportedly related to possible violations of U.S. sanctions. The arrest is seen as a potential deterrent to the U.S. and China reaching a permanent deal on trade. Huawei is one of the largest tech companies in China and is seen as symbol of pride by the Chinese government. On Dec. 1, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the countries’ trade spat. He added that additional tariffs will be placed on Chinese


News of Meng’s arrest broke last week and is reportedly related to possible violations of U.S. sanctions. The arrest is seen as a potential deterrent to the U.S. and China reaching a permanent deal on trade. Huawei is one of the largest tech companies in China and is seen as symbol of pride by the Chinese government. On Dec. 1, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the countries’ trade spat. He added that additional tariffs will be placed on Chinese
Dow turns negative, drops 200 points as bank shares fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, chinese, negative, points, shares, week, truce, trade, dow, bank, stocks, turns, deal, fall, reached, tariffs, drops, yield, trump, 200


Dow turns negative, drops 200 points as bank shares fall

News of Meng’s arrest broke last week and is reportedly related to possible violations of U.S. sanctions. The arrest is seen as a potential deterrent to the U.S. and China reaching a permanent deal on trade. Huawei is one of the largest tech companies in China and is seen as symbol of pride by the Chinese government. Meng is scheduled to appear at a bail hearing in Canada later on Monday.

Monday’s moves come after a volatile week for investors. The Dow, S&P 500 and Nasdaq Composite all posted their worst weekly performances since March last week, falling more than 4 percent each, as worries and confusion about the ongoing U.S.-China trade war and fears of an economic slowdown gripped Wall Street.

“The volatility continues,” said Mark Newton, managing member at Newton Advisors, in a note to clients. “Stocks reversed the prior week’s rally violently over the last few days, and now have reached the bottom of the recent trading consolidation that’s been in place for the past few months.”

“Seeing a larger breakdown in the indices at this point would confirm that stocks have definitely started a larger correction that should eventually lead to a bear market,” he said.

On Dec. 1, President Donald Trump and Chinese President Xi Jinping agreed to a 90-day truce on the countries’ trade spat. Both leaders agreed not to slap additional tariffs on billions of dollars worth of goods from their countries. It was not immediately clear, however, when the truce started as administration officials disagreed on the matter. Trump later said on Twitter the cease-fire began on Saturday, when he and Xi struck the deal.

The mixed messages did not stop there, however. National Economic Council Director Larry Kudlow told CNBC on Friday that Trump would extend the 90-day grace period if progress in the negotiations was made but a permanent deal could not be reached. Later that day, trade advisor Peter Navarro told CNN that Trump would “simply raise” tariffs on Chinese goods if a permanent deal was not struck after the 90 days.

U.S. Trade Representative Robert Lighthizer warned on Sunday he considers March 1 — when the truce is scheduled to end — as “a hard deadline.” He added that additional tariffs will be placed on Chinese goods if a deal is not reached by then.

Meanwhile, the 3-year Treasury note yield broke above its 5-year counterpart last week. This “yield-curve inversion” stoked fears that a recession could be on its way. Still, many traders believe the inversion won’t be official until the 2-year yield rises above the 10-year yield, which has not happened yet.

Strategists at MRB Partners think investors might be overreacting to the moves in Treasury yields. “Markets are now discounting greater weakness than we expect next year,” they said in a note. “Our neutral stance on equities and underweight on fixed income corresponds with our expectation that stocks will outperform bonds in the year ahead, albeit in choppy fashion.”

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Company: cnbc, Activity: cnbc, Date: 2018-12-09  Authors: fred imbert, getty images
Keywords: news, cnbc, companies, chinese, negative, points, shares, week, truce, trade, dow, bank, stocks, turns, deal, fall, reached, tariffs, drops, yield, trump, 200


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US market sell-off set to continue as Dow futures fall

U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. As of 2:24 a.m., ET Thursday, the futures indicated that the Dow would open 259.07 points lower on Thursday. Over the weekend, U.S. President Donald Trump met with Chines


U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. As of 2:24 a.m., ET Thursday, the futures indicated that the Dow would open 259.07 points lower on Thursday. Over the weekend, U.S. President Donald Trump met with Chines
US market sell-off set to continue as Dow futures fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: christine wang, eustance huang, brendan mcdermid
Keywords: news, cnbc, companies, fall, points, open, dow, futures, president, xi, trade, continue, yield, selloff, lower, market, set


US market sell-off set to continue as Dow futures fall

U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China.

On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. As of 2:24 a.m., ET Thursday, the futures indicated that the Dow would open 259.07 points lower on Thursday.

The New York Stock Exchange, Nasdaq and U.S. Treasury market were closed Wednesday as the nation remembered former president George H.W. Bush.

On Tuesday, the Dow Jones Industrial Average shed nearly 800 points in its largest decline since Oct. 10.

On Monday, the yield on the three-year Treasury note surpassed its five-year counterpart. That bond-market phenomenon, known as a yield-curve inversion, is seen as a recession signal. But typically the recession doesn’t come until years after and many traders won’t see the inversion as official until the two-year yield rises above the 10-year yield.

Investors remain uncertain about the prospects of a permanent trade deal with China. Over the weekend, U.S. President Donald Trump met with Chinese President Xi Jinping to discuss ongoing trade quarrels between their two countries. While the White House has said it has worked out a cease-fire with Beijing, discrepancies in messaging haven’t assuaged market fears of uncertainty.

“Unfortunately until we get new news the market continues to be a caldron of concerns causing caution with investors,” said Art Hogan, B. Riley FBR’s chief market strategist. “With the combination of he said Xi said on China trade, a fear of an economic slowdown in 2019, and the slow trickle of Mueller investigation reports coming out, it is not at all surprising to see a buyer’s strike in the after hours market.”

Still, Hogan added, there will be a “plethora of data as Markets open on Thursday and on Friday with the jobs report that might turn the tide of negative sentiment.” But until then, he said, “we are stuck in a news vacuum and most of the news that we do have leans to the negative.”

—CNBC’s Fred Imbert and Tom Franck contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: christine wang, eustance huang, brendan mcdermid
Keywords: news, cnbc, companies, fall, points, open, dow, futures, president, xi, trade, continue, yield, selloff, lower, market, set


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Can markets have a jolly festive season?

Santa’s performance for the Dow Jones Industrial Average has been fairly reliable over the past five years, with investors rewarded in every year except 2015. But in each of the years when Santa delivered the goods, the market was already trending higher — 2015, the exception, saw a weaker market so Santa stayed away. The Dow pattern in 2018 is also lower but with jagged highs and lows, leaving some nervousness about whether investors will be left empty-handed. There is no doubt it will take a b


Santa’s performance for the Dow Jones Industrial Average has been fairly reliable over the past five years, with investors rewarded in every year except 2015. But in each of the years when Santa delivered the goods, the market was already trending higher — 2015, the exception, saw a weaker market so Santa stayed away. The Dow pattern in 2018 is also lower but with jagged highs and lows, leaving some nervousness about whether investors will be left empty-handed. There is no doubt it will take a b
Can markets have a jolly festive season? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: karen tso, brendan mcdermid
Keywords: news, cnbc, companies, rally, lows, investors, points, season, festive, dow, markets, higher, index, christmas, santa, market, jolly


Can markets have a jolly festive season?

It’s December and time to deck the halls with boughs of holly, or in CNBC’s case, the business channel with chatter of a potential Santa Claus rally and 2019 fortunes.

Santa’s performance for the Dow Jones Industrial Average has been fairly reliable over the past five years, with investors rewarded in every year except 2015. But in each of the years when Santa delivered the goods, the market was already trending higher — 2015, the exception, saw a weaker market so Santa stayed away.

The Dow pattern in 2018 is also lower but with jagged highs and lows, leaving some nervousness about whether investors will be left empty-handed.

There is no doubt it will take a big bag of quadruple points for the Dow to rally to 26,950 points, the October high. But it is not impossible that a dose of Christmas magic will be sprinkled on the index given the erratic trade we’ve witnessed.

Federal Reserve Chairman Jerome Powell played his role last week, transforming from Christmas Grinch to peaceful dove when he said U.S. interest rates were closing in on neutral levels. Powell’s olive branch may have encouraged the Dow to bid farewell to recent lows, but is it enough to sweep the index 11-percent higher in one month, or more than 2600 points from its lows, to reclaim the highs?

Tactically, many are open to the prospect.

“The market fall in the last six weeks has discounted many of next year’s problems. A bit of good news or just an absence of bad news ‎could drive over-sold markets higher,” said David Miller, executive director of Quilter Cheviot Investment Management.


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: karen tso, brendan mcdermid
Keywords: news, cnbc, companies, rally, lows, investors, points, season, festive, dow, markets, higher, index, christmas, santa, market, jolly


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Dow plunges nearly 800 points on rising fears of an economic slowdown

Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. Financials were the worst performers in the S&P 500 plunging 4.4 percent. Utilities was the only positive sector in the S&P 500, rising 0.16 percent. The Russell 2000, which tracks small-cap stocks, d


Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. Financials were the worst performers in the S&P 500 plunging 4.4 percent. Utilities was the only positive sector in the S&P 500, rising 0.16 percent. The Russell 2000, which tracks small-cap stocks, d
Dow plunges nearly 800 points on rising fears of an economic slowdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: fred imbert, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, 500, points, day, wall, 800, slowdown, economic, close, rising, worst, sp, stocks, nearly, fell, inversion, fears, dow, yield, plunges


Dow plunges nearly 800 points on rising fears of an economic slowdown

Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters down Wall Street.

The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. At its low of the day, the Dow had fallen more than 800 points.

The S&P 500 declined 3.2 percent to close at 2,700.06. The benchmark fell below its 200-day moving average, which triggered more selling from algorithmic funds. Financials were the worst performers in the S&P 500 plunging 4.4 percent. Utilities was the only positive sector in the S&P 500, rising 0.16 percent.

The Nasdaq Composite dropped 3.8 percent to close back in correction territory at 7,158.43. The Russell 2000, which tracks small-cap stocks, dropped 4.4 percent to 1,480.75, marking its worst day since 2011. Trading volume in U.S. stocks was also higher than usual on Wall Street.

The yield on the three-year Treasury note surpassed its five-year counterpart on Monday. When a so-called yield curve inversion happens — short-term yields trading above longer-term rates — a recession could follow, though it is often years away after the signal triggers. Still, many traders believe the inversion won’t be official until the 2-year yield rises above the 10 year yield, which has not happened yet.

Stocks began falling to their lows of the day after Jeffrey Gundlach, CEO of Doubleline Capital, told Reuters this inversion signals that the economy “is poised to weaken.”


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: fred imbert, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, 500, points, day, wall, 800, slowdown, economic, close, rising, worst, sp, stocks, nearly, fell, inversion, fears, dow, yield, plunges


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Stocks in Asia trade higher after US and China postpone tariff escalation

The moves in Asia came after Chinese President Xi Jinping and U.S. President Donald Trump agreed to a momentary pause on escalating the ongoing trade war between the two economic powerhouses. They did, however, add that “analysts are already looking at the details and it doesn’t take long for doubts to come through on the strength of the agreement.” Over the next 90 days, American and Chinese officials will continue to negotiate lingering disagreements on technology transfer, intellectual proper


The moves in Asia came after Chinese President Xi Jinping and U.S. President Donald Trump agreed to a momentary pause on escalating the ongoing trade war between the two economic powerhouses. They did, however, add that “analysts are already looking at the details and it doesn’t take long for doubts to come through on the strength of the agreement.” Over the next 90 days, American and Chinese officials will continue to negotiate lingering disagreements on technology transfer, intellectual proper
Stocks in Asia trade higher after US and China postpone tariff escalation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: eustance huang
Keywords: news, cnbc, companies, xi, president, trade, chinese, worth, escalation, futures, postpone, china, higher, dow, asia, statement, tariff, trump, morning, stocks


Stocks in Asia trade higher after US and China postpone tariff escalation

The moves in Asia came after Chinese President Xi Jinping and U.S. President Donald Trump agreed to a momentary pause on escalating the ongoing trade war between the two economic powerhouses.

“This is probably the best case scenario that markets were hoping for from the meeting of Trump and Xi and we’ve seen that anticipated ‘risk on’ rally this morning,” said Rakuten Securities Australia in a morning note.

They did, however, add that “analysts are already looking at the details and it doesn’t take long for doubts to come through on the strength of the agreement.”

“A simple look at the two press statements from either side shows some quite glaring differences of opinion and this could lead to a relatively short lived lift in investor confidence,” said the note.

A White House statement about the leaders’ dinner at the G-20 summit in Argentina said Xi and Trump discussed a range of nettlesome issues — among them the trade dispute that has left over $200 billion worth of goods hanging in the balance.

“President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time,” the statement read. Over the next 90 days, American and Chinese officials will continue to negotiate lingering disagreements on technology transfer, intellectual property and agriculture.

On the back of that development, Dow Jones Industrial Average futures jumped 400 points shortly after the start of trading at 6 p.m. in New York on Sunday.

As of 8:36 p.m. ET Sunday, futures pointed to an implied gain of 411.54 at the open for the Dow.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: eustance huang
Keywords: news, cnbc, companies, xi, president, trade, chinese, worth, escalation, futures, postpone, china, higher, dow, asia, statement, tariff, trump, morning, stocks


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Dow futures surge more than 400 points after Trump and Xi agree to pause the US-China trade war

U.S. stock market futures surged after U.S. President Donald Trump and Chinese President Xi Jinping agreed to a truce on the trade war that has weighed heavily on global equity markets for most of 2018. Futures on the Dow Jones Industrial Average jumped 463 points as of 6:30 p.m. New York time. S&P 500 futures added 1.7 percent, while futures on the Nasdaq-100, home of many technology companies which sell to China, jumped nearly 2 percent. Futures on oil and copper jumped on hopes a possible new


U.S. stock market futures surged after U.S. President Donald Trump and Chinese President Xi Jinping agreed to a truce on the trade war that has weighed heavily on global equity markets for most of 2018. Futures on the Dow Jones Industrial Average jumped 463 points as of 6:30 p.m. New York time. S&P 500 futures added 1.7 percent, while futures on the Nasdaq-100, home of many technology companies which sell to China, jumped nearly 2 percent. Futures on oil and copper jumped on hopes a possible new
Dow futures surge more than 400 points after Trump and Xi agree to pause the US-China trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-02  Authors: john melloy, kevin lemarque
Keywords: news, cnbc, companies, global, agreed, surge, president, trade, tariffs, uschina, futures, china, dow, jumped, war, points, technology, trump, xi, pause


Dow futures surge more than 400 points after Trump and Xi agree to pause the US-China trade war

U.S. stock market futures surged after U.S. President Donald Trump and Chinese President Xi Jinping agreed to a truce on the trade war that has weighed heavily on global equity markets for most of 2018.

Futures on the Dow Jones Industrial Average jumped 463 points as of 6:30 p.m. New York time. S&P 500 futures added 1.7 percent, while futures on the Nasdaq-100, home of many technology companies which sell to China, jumped nearly 2 percent.

Futures on oil and copper jumped on hopes a possible new China-U.S. trade agreement would boost global economic growth.

The two leaders, who met for dinner on Saturday at the G-20 summit in Argentina, agreed to hold off on additional tariffs on each other’s goods at the start of the new year to allow for talks to continue. The U.S. agreed to leave tariffs on more than $200 billion worth of Chinese products at 10 percent. If after 90 days the two countries are unable to reach an agreement, that rate will be raised to 25 percent, according to the White House. Trade negotiations will address forced technology transfer and intellectual property.

“The explicit delay in tariffs is on the positive end of expectations,” said Helen Qiao, China and Asia economist with Bank of America Lynch, in a note to clients. “In contrast to the fear — especially in Asia —that the hawks in US administration would make impossible demands, evidence of President Trump working towards a trade deal with China has emerged.”


Company: cnbc, Activity: cnbc, Date: 2018-12-02  Authors: john melloy, kevin lemarque
Keywords: news, cnbc, companies, global, agreed, surge, president, trade, tariffs, uschina, futures, china, dow, jumped, war, points, technology, trump, xi, pause


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Market close to hitting ‘all-clear’ signal that could mean upside ahead: Wall Street bull Tony Dwyer

The market is close to hitting an “all-clear” signal that could mean there is more upside ahead, one of Wall Street’s biggest bulls told CNBC on Friday. Tony Dwyer, chief market strategist at Canaccord Genuity, is looking at the S&P 500’s 10-week rate-of-change indicator, which measures the percent change in the index. When it drops to minus 9 and then recovers to minus 5, “that’s your all-clear signal throughout the current cycle that the correction is over.” We’re not too far from that now, at


The market is close to hitting an “all-clear” signal that could mean there is more upside ahead, one of Wall Street’s biggest bulls told CNBC on Friday. Tony Dwyer, chief market strategist at Canaccord Genuity, is looking at the S&P 500’s 10-week rate-of-change indicator, which measures the percent change in the index. When it drops to minus 9 and then recovers to minus 5, “that’s your all-clear signal throughout the current cycle that the correction is over.” We’re not too far from that now, at
Market close to hitting ‘all-clear’ signal that could mean upside ahead: Wall Street bull Tony Dwyer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: michelle fox, brendan mcdermid
Keywords: news, cnbc, companies, yield, tony, close, stay, minus, mean, street, sp, ripe, market, month, dow, curve, hitting, wall, upside, dwyer, signal


Market close to hitting 'all-clear' signal that could mean upside ahead: Wall Street bull Tony Dwyer

The market is close to hitting an “all-clear” signal that could mean there is more upside ahead, one of Wall Street’s biggest bulls told CNBC on Friday.

Tony Dwyer, chief market strategist at Canaccord Genuity, is looking at the S&P 500’s 10-week rate-of-change indicator, which measures the percent change in the index.

When it drops to minus 9 and then recovers to minus 5, “that’s your all-clear signal throughout the current cycle that the correction is over.” We’re not too far from that now, at around minus 6, he said on “Fast Money Halftime Report.”

Friday was the last trading day of November. The Dow Jones Industrial Average and S&P 500 ended a volatile month higher by 1.8 percent and 1.7, respectively, while the Nasdaq eked out a 0.3 percent gain.

The action followed a rough October that saw the Dow end down 5.1 percent for the month, its biggest one-month fall since January 2016. The S&P 500 had its worst October since September 2011.

“As long as the yield curve stays positive, investors should stay generally bullish, and you tactically move based on ridiculous levels of euphoria, when you have an environment ripe for volatility, versus recently where you have environments ripe for opportunity because you had that kind of I call it a whoosh … and then a retest.”

He has said he plans to stay bullish until the yield curve inverts, which means long-term rates are lower than short-term ones. Historically when that happens it has signaled a recession in the foreseeable future.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: michelle fox, brendan mcdermid
Keywords: news, cnbc, companies, yield, tony, close, stay, minus, mean, street, sp, ripe, market, month, dow, curve, hitting, wall, upside, dwyer, signal


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An under-the-radar market move could be pointing to a broader rally

“We all know about the Dow Theory. Whenever they’re both falling, the Dow Industrials Average and the Dow Transports falling in tandem, that can be very concerning,” Maley said on CNBC’s “Trading Nation” on Wednesday. The Dow Theory posits that a drop in demand for the products produced by Dow companies will have a knock-on effect on the need for the logistics and distribution services associated with the Dow Transports stocks. It made a higher low and in fact a much higher low, lead by a nice b


“We all know about the Dow Theory. Whenever they’re both falling, the Dow Industrials Average and the Dow Transports falling in tandem, that can be very concerning,” Maley said on CNBC’s “Trading Nation” on Wednesday. The Dow Theory posits that a drop in demand for the products produced by Dow companies will have a knock-on effect on the need for the logistics and distribution services associated with the Dow Transports stocks. It made a higher low and in fact a much higher low, lead by a nice b
An under-the-radar market move could be pointing to a broader rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: keris lahiff, michael nagle, bloomberg, getty images, chip somodevilla, misha friedman, chris sattlberger, the image bank, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, higher, undertheradar, trading, pointing, transportation, rally, market, low, falling, drop, dow, transports, broader, theory, stocks


An under-the-radar market move could be pointing to a broader rally

The Dow has come roaring back with a gain of more than 1,000 points just this week.

A big move in airline, railroad and trucker stocks this month could suggest even more gains to come for the index, according to Matt Maley, equity strategist at Miller Tabak.

“We all know about the Dow Theory. Whenever they’re both falling, the Dow Industrials Average and the Dow Transports falling in tandem, that can be very concerning,” Maley said on CNBC’s “Trading Nation” on Wednesday. “We saw that in October. They were both falling very hard.”

The Dow Theory posits that a drop in demand for the products produced by Dow companies will have a knock-on effect on the need for the logistics and distribution services associated with the Dow Transports stocks. Those basket of stocks are used as a barometer on the broader economy.

However, their moves in November suggest that the worst-case scenario may not play out.

“The Dow Jones rolled back over and made a key lower low, but the transportation index did not. It made a higher low and in fact a much higher low, lead by a nice bounce in the airlines and the very economically sensitive railroad stocks,” said Maley.

Those diverging moves in the two indexes imply that the drop in the Dow Jones is an isolated move and not indicative of a broader economic slowdown.

“If they can follow this higher low with a higher high, that’s going to tell us that although the economy might slow down a little bit in 2019, it may not be as bad as people were worrying about in October and should be very bullish for the market,” added Maley.

Chad Morganlander, portfolio manager at Washington Crossing Advisors, says a strong U.S. economy should continue to fuel gains for the group.

“The United States is growing in a quite vibrant manner of a 3-plus percent GDP handle that should sustain outperformance for the transports,” he told “Trading Nation” on Wednesday.

Morganlander says one name in particular should see a sustained rally after suffering a sharp decline in October.

“Union Pacific — we like this company a whole lot over the next 18 to 24 months. It has very low debt. It has consistently grown, consistently profitable, and we think that overall that the dividend is going to continue to increase,” he said.

After a 10 percent drop in October, Union Pacific has regained 4 percent this month. The IYT Transportation ETF has rallied nearly 6 percent in November.


Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: keris lahiff, michael nagle, bloomberg, getty images, chip somodevilla, misha friedman, chris sattlberger, the image bank, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, higher, undertheradar, trading, pointing, transportation, rally, market, low, falling, drop, dow, transports, broader, theory, stocks


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US stock futures pull back after Dow notched strong triple-digit gain on Wednesday

Wall Street saw a stellar session on Wednesday, with the Dow Jones Industrial Average closing up over 600 points following a speech by the chair of the Federal Reserve. Consequently, Powell’s comments on Wednesday caused stocks to rise both domestically and overseas. Investors will be keeping a close eye on this release, to see if there are any further clues as to where monetary policy is heading. A number of Fed officials are also slated to speak in Boston, Massachusetts on Thursday. Elsewhere,


Wall Street saw a stellar session on Wednesday, with the Dow Jones Industrial Average closing up over 600 points following a speech by the chair of the Federal Reserve. Consequently, Powell’s comments on Wednesday caused stocks to rise both domestically and overseas. Investors will be keeping a close eye on this release, to see if there are any further clues as to where monetary policy is heading. A number of Fed officials are also slated to speak in Boston, Massachusetts on Thursday. Elsewhere,
US stock futures pull back after Dow notched strong triple-digit gain on Wednesday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: fred imbert, alexandra gibbs, spencer platt, getty images
Keywords: news, cnbc, companies, rate, strong, york, stock, place, gain, powell, investors, tripledigit, close, futures, interest, neutral, comments, pull, notched, federal, dow


US stock futures pull back after Dow notched strong triple-digit gain on Wednesday

Wall Street saw a stellar session on Wednesday, with the Dow Jones Industrial Average closing up over 600 points following a speech by the chair of the Federal Reserve. On Wednesday, Jerome Powell said at an event in New York that he deems the Fed’s benchmark interest rate to be close to a neutral level; which marks a step away from comments made in recent months.

Back in October, Powell stated that the U.S. was a “long way” from hitting neutral, when it came to interest rates — which indicated to markets that more rate hikes were on the horizon. Consequently, Powell’s comments on Wednesday caused stocks to rise both domestically and overseas.

Sticking with the U.S. central bank, minutes from the last Federal Open Market Committee meeting, which took place earlier this month, are due out at 2 p.m. ET. Investors will be keeping a close eye on this release, to see if there are any further clues as to where monetary policy is heading. A number of Fed officials are also slated to speak in Boston, Massachusetts on Thursday.

Elsewhere, investors continue to look ahead to a G-20 summit in Argentina, which takes place this Friday and Saturday. Trade relations between the U.S. and China will be a key topic up for discussion, especially since both nations’ leaders will be attending the event.

CNBC’s Jeff Cox contributed to this report


Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: fred imbert, alexandra gibbs, spencer platt, getty images
Keywords: news, cnbc, companies, rate, strong, york, stock, place, gain, powell, investors, tripledigit, close, futures, interest, neutral, comments, pull, notched, federal, dow


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