Malaysia’s consumer prices fall for the first time since 2009

Malaysia’s consumer prices fell for the first time in nearly a decade in January, on the back of lower fuel costs, but economists say deflation is unlikely to be sustained and would not lead to any change in monetary policy. The consumer price index fell 0.7 percent in January from a year earlier, the first decline since November 2009 when it fell 0.1 percent. The transport sector index fell 7.8 percent from a year earlier in January, data from the Statistics Department showed. The decline, howe


Malaysia’s consumer prices fell for the first time in nearly a decade in January, on the back of lower fuel costs, but economists say deflation is unlikely to be sustained and would not lead to any change in monetary policy. The consumer price index fell 0.7 percent in January from a year earlier, the first decline since November 2009 when it fell 0.1 percent. The transport sector index fell 7.8 percent from a year earlier in January, data from the Statistics Department showed. The decline, howe
Malaysia’s consumer prices fall for the first time since 2009 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: goh seng chong, bloomberg, getty images
Keywords: news, cnbc, companies, 2009, inflation, unlikely, prices, fall, malaysias, bank, fell, malaysia, tax, consumer, decline, index, monetary


Malaysia's consumer prices fall for the first time since 2009

Malaysia’s consumer prices fell for the first time in nearly a decade in January, on the back of lower fuel costs, but economists say deflation is unlikely to be sustained and would not lead to any change in monetary policy.

The consumer price index fell 0.7 percent in January from a year earlier, the first decline since November 2009 when it fell 0.1 percent. A Reuters poll had forecast a drop of 0.2 percent.

Price pressures have moderated since the government withdrew an unpopular consumption tax in June 2018 and reinstated a narrower sales and services tax (SST) three months later.

Annual inflation in November and December was 0.2 percent, matching the rate in August when it hit a three-and-a-half-year low.

But the country’s central bank is not expected to cut rates as inflation was likely to pick up in the second quarter of the year, economists said.

January’s decline in the CPI index was driven mostly by a sharp drop in retail fuel prices, after a Malaysian government decision to switch to a weekly managed float mechanism and as global oil prices fell during the month.

“This is probably just temporary and once the base effects subside, we should expect prices to revert back upwards,” said Julia Goh, economist at UOB in Kuala Lumpur.

The transport sector index fell 7.8 percent from a year earlier in January, data from the Statistics Department showed.

The decline, however, was offset by higher prices of food, restaurants and hotels, and education.

The central bank has said Malaysia does not face serious deflationary pressures.

Headline inflation, which came in at 1 percent in 2018, was likely to average higher this year, Bank Negara Malaysia said last week.

“If external conditions deteriorate further, then there is room for monetary easing but that is unlikely to happen this year,” said Irvin Seah, senior economist at DBS in Singapore.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: goh seng chong, bloomberg, getty images
Keywords: news, cnbc, companies, 2009, inflation, unlikely, prices, fall, malaysias, bank, fell, malaysia, tax, consumer, decline, index, monetary


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The stock market rally to start 2019 is one for the history books

Both the Dow Jones Industrial Average and Nasdaq Composite Index have yet to register a weekly decline so far this year. With more gains this week, both major indices are on a nine-week winning streak that started in the last week of the year. This would mark the first time since 1964 that the Dow has rallied in each of the first eight weeks to kick off the year. Throughout those weeks, the Dow jumped 7 percent which was about half of its 14.6 gain for that year. Total, the Dow saw a 13-week win


Both the Dow Jones Industrial Average and Nasdaq Composite Index have yet to register a weekly decline so far this year. With more gains this week, both major indices are on a nine-week winning streak that started in the last week of the year. This would mark the first time since 1964 that the Dow has rallied in each of the first eight weeks to kick off the year. Throughout those weeks, the Dow jumped 7 percent which was about half of its 14.6 gain for that year. Total, the Dow saw a 13-week win
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Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: robert hum, kate rooney, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, started, week, rally, stocks, books, 2019, streak, stock, history, start, index, rallied, nasdaq, winning, dow, weeks, market


The stock market rally to start 2019 is one for the history books

The roaring rebound for stocks this year is about to make history.

Both the Dow Jones Industrial Average and Nasdaq Composite Index have yet to register a weekly decline so far this year. With more gains this week, both major indices are on a nine-week winning streak that started in the last week of the year.

This would mark the first time since 1964 that the Dow has rallied in each of the first eight weeks to kick off the year. The previous back-to-back week record was hit in 1964, when the Dow rose in all of the first 11 weeks through mid-March. Throughout those weeks, the Dow jumped 7 percent which was about half of its 14.6 gain for that year. Total, the Dow saw a 13-week winning streak that started in the last two weeks of 1963.

For the tech-heavy Nasdaq though, this marks the first time in history the index has risen in each of the first 8 weeks of the year. The index was founded in 1971.

The gains come after the worst December for stocks since the Great Depression. Since then, stocks have more than rebounded into the black.

The Dow has rallied 11 percent this year. On Friday, the 30-stock index broke above 26,000 for the first time since Nov. 9. The Nasdaq is up 13 percent this year and rallied 0.64 percent Friday, boosted by shares of Facebook, Amazon, Netflix and Alphabet. Equities have been helped by optimism on another round of trade talks between the U.S. and China and signals from the Federal Reserve that it will be patient in raising interest rates.

— CNBC’S Fred Imbert contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: robert hum, kate rooney, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, started, week, rally, stocks, books, 2019, streak, stock, history, start, index, rallied, nasdaq, winning, dow, weeks, market


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Stocks set to open slightly higher amid reports of US-China trade breakthrough

U.S. stock futures were slightly higher Thursday, amid reports the U.S. and China have begun outlining a deal to end their protracted trade war. ET, Dow futures rose 63 points, indicating a higher open of 78 points. Reports early Thursday morning said Washington and Beijing have begun drawing up memorandums of understanding over trade. Officials from both countries met for talks this week and higher-level discussions are set to be held on Thursday and Friday. Jobless claims, the Philadelphia Fed


U.S. stock futures were slightly higher Thursday, amid reports the U.S. and China have begun outlining a deal to end their protracted trade war. ET, Dow futures rose 63 points, indicating a higher open of 78 points. Reports early Thursday morning said Washington and Beijing have begun drawing up memorandums of understanding over trade. Officials from both countries met for talks this week and higher-level discussions are set to be held on Thursday and Friday. Jobless claims, the Philadelphia Fed
Stocks set to open slightly higher amid reports of US-China trade breakthrough Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: ryan browne
Keywords: news, cnbc, companies, set, risks, uschina, breakthrough, stocks, futures, index, slightly, reports, amid, points, pmi, policy, manufacturing, higher, open, trade


Stocks set to open slightly higher amid reports of US-China trade breakthrough

U.S. stock futures were slightly higher Thursday, amid reports the U.S. and China have begun outlining a deal to end their protracted trade war.

As of 1:45 a.m. ET, Dow futures rose 63 points, indicating a higher open of 78 points. S&P 500 and Nasdaq futures also climbed.

Reports early Thursday morning said Washington and Beijing have begun drawing up memorandums of understanding over trade. Officials from both countries met for talks this week and higher-level discussions are set to be held on Thursday and Friday.

The U.S. and China are trying to resolve their differences over trade ahead of a March 1 deadline. However, speculation has risen that there may be an extension to that target, after President Donald Trump said it was not a “magical date.”

Investors also digested the minutes from the Federal Reserve’s latest monetary policy meeting. The central bank highlighted downside risks to the economy from its January meeting.

Those risks included “the possibilities of a sharper-than-expected slowdown in global economic growth,” a “rapid waning of fiscal policy stimulus” and “further tightening of financial market conditions.”

On the data front, a flurry of economic reports are expected throughout the day. Jobless claims, the Philadelphia Fed manufacturing index, durable goods orders, manufacturing PMI (purchasing managers index) and services PMI are due later this morning.

In terms of earnings, Chinese tech giant Baidu and American food firm Kraft Heinz are set to report results after the bell Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: ryan browne
Keywords: news, cnbc, companies, set, risks, uschina, breakthrough, stocks, futures, index, slightly, reports, amid, points, pmi, policy, manufacturing, higher, open, trade


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The evolution of Jim Cramer’s Mad Money: From stock picking to stock educating

CNBC’s Jim Cramer took a stroll down memory lane on his show Thursday to reflect on the history of “Mad Money with Jim Cramer” and how it has evolved over the past dozen-plus years. The host said he was inspired to reflect on the show’s changes from his interactions with “Mad Money” fans and critics via email, phone, and Twitter. The original mission of “Mad Money,” which spawned from a radio show Cramer once hosted called “Real Money,” was to offer investment ideas. “I think that it’s just not


CNBC’s Jim Cramer took a stroll down memory lane on his show Thursday to reflect on the history of “Mad Money with Jim Cramer” and how it has evolved over the past dozen-plus years. The host said he was inspired to reflect on the show’s changes from his interactions with “Mad Money” fans and critics via email, phone, and Twitter. The original mission of “Mad Money,” which spawned from a radio show Cramer once hosted called “Real Money,” was to offer investment ideas. “I think that it’s just not
The evolution of Jim Cramer’s Mad Money: From stock picking to stock educating Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: tyler clifford
Keywords: news, cnbc, companies, picking, mad, evolution, stock, cramers, funds, understand, educating, viewers, cramer, stocks, money, ideas, jim, index


The evolution of Jim Cramer's Mad Money: From stock picking to stock educating

CNBC’s Jim Cramer took a stroll down memory lane on his show Thursday to reflect on the history of “Mad Money with Jim Cramer” and how it has evolved over the past dozen-plus years.

While the “Mad Money” has retained two members of its original production team from its 2005 launch, the show’s focus has changed over time from stock picking to stock educating that seeks to help viewers understand the value of index funds, Cramer said. The host said he was inspired to reflect on the show’s changes from his interactions with “Mad Money” fans and critics via email, phone, and Twitter.

“We have been doing it for so darn long we take it for granted what we do and tonight you know I’m gonna change that, I’m gonna correct it,” Cramer said. “Tonight, I want to talk to you about the show, its evolution, and how you can best use it or worse misuse it, and I am doing so because there’s so much we throw at you that you might not be able to use it as effectively as we would like.”

The original mission of “Mad Money,” which spawned from a radio show Cramer once hosted called “Real Money,” was to offer investment ideas. That was prior to the Great Recession, which in 2008 brought the world economy to its knees and “destroyed” many financial firms who lent more money than they had cash available to mitigate the risks, Cramer said.

“I am proud of the fact that if you watched me you might have avoided a lot of that downturn because I shouted from the rooftops that the Fed was nuts … and that the situation was far worse than anyone realized,” he said.

The Recession changed the way that people looked at the entire asset class and used stocks as a vehicle for saving and making money, Cramer said. It also caused a “metamorphosis” for both Cramer and “Mad Money,” yielding a new manifesto to inform viewers on stock judgment to pick equities themselves, he said.

That steered the host to talk about “themes” in lieu of the so-called “new ideas or the hot ideas,” he said.

“I now say every night in some form or another that this show is meant to educate, to entertain, to teach and I say it different times in different ways each night,” Cramer said. “I think that it’s just not enough to give you stock ideas. In fact we have deliberately minimized them over the last, well, decade. We want for you to be able to understand the process and to pick them for yourself.”

Now Cramer insists his viewers to make use of index funds, stressing not to buy a single stock until at least $10,000 has been socked away into an IRA or 401(K).

“While I have addressed saving for retirement and saving for tuition and emergencies in many shows, I have not ever point blank warned you off individual stocks, so let me do so tonight. I would actually vastly prefer you to invest in index funds than to be say in mutual funds. Mutual funds have not distinguished themselves enough to be able to take the percentages they do.”

Cramer also said he wants viewers to gain “exposure” to the stock market because it can make a lot of wealth over time. He said he has a soft spot for the S&P 500, but also has love for a fund that encompasses all stocks in the market and can bring a total return.

“Once again, for those who don’t get it, here’s my bottom line: The show has changed over time from one where we pick stocks for you to one where we educate you about stocks so you can understand why an index fund of stocks might be worth investing in.”


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: tyler clifford
Keywords: news, cnbc, companies, picking, mad, evolution, stock, cramers, funds, understand, educating, viewers, cramer, stocks, money, ideas, jim, index


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All signs point to more money pouring into Chinese markets this year

A record amount of money poured into China’s financial markets in 2018 — and analysts say that figure will likely increase as closely followed indexes raise their weightings for Chinese assets. “Inflows from bonds and equities are likely to continue supporting China’s (balance of payments),” the U.S. bank said in its Jan. 31 report. While financial markets in China remain highly regulated compared to those of advanced economies, the door has been gradually opening and investors are keen to get i


A record amount of money poured into China’s financial markets in 2018 — and analysts say that figure will likely increase as closely followed indexes raise their weightings for Chinese assets. “Inflows from bonds and equities are likely to continue supporting China’s (balance of payments),” the U.S. bank said in its Jan. 31 report. While financial markets in China remain highly regulated compared to those of advanced economies, the door has been gradually opening and investors are keen to get i
All signs point to more money pouring into Chinese markets this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: kelly olsen, datacraft, getty images
Keywords: news, cnbc, companies, increase, financial, investors, likely, chinese, signs, indexes, index, point, pouring, yuandenominated, money, msci, markets


All signs point to more money pouring into Chinese markets this year

A record amount of money poured into China’s financial markets in 2018 — and analysts say that figure will likely increase as closely followed indexes raise their weightings for Chinese assets.

China’s bond and stock markets experienced inflows of $120 billion last year and that amount could reach $200 billion this year, boosted by the inclusion of Chinese assets in benchmark indexes, according to a report by Citi.

“Inflows from bonds and equities are likely to continue supporting China’s (balance of payments),” the U.S. bank said in its Jan. 31 report.

While financial markets in China remain highly regulated compared to those of advanced economies, the door has been gradually opening and investors are keen to get in as opportunities increase.

Chinese A-shares — or yuan-denominated stocks traded on the mainland — were included in the MSCI Emerging Markets Index for the first time last year, allowing investors to access the Chinese equity market more easily. Now, MSCI is considering whether to further increase the weighting of A-shares in its indexes, and could announce its decision by the end of this month.

Meanwhile, financial information firm Bloomberg announced in January that yuan-denominated Chinese government and policy bank securities will soon be included in its bond benchmark — the Bloomberg Barclays Global Aggregate Index.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: kelly olsen, datacraft, getty images
Keywords: news, cnbc, companies, increase, financial, investors, likely, chinese, signs, indexes, index, point, pouring, yuandenominated, money, msci, markets


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Charlie Munger: Teaching young people to actively trade stocks is like starting them on heroin

Warren Buffett’s longtime business partner Charlie Munger is not a fan of active investment management and thinks it could harm inexperienced investors. Money has flooded into index funds and exchange-traded funds during this long-running bull market, while fee-based active strategies have suffered. The market for index funds has reached $6 trillion, while the market for exchange traded funds, which track indexes, has ballooned to $5 trillion since the SPDR S&P 500’s inception in 1993. Munger hi


Warren Buffett’s longtime business partner Charlie Munger is not a fan of active investment management and thinks it could harm inexperienced investors. Money has flooded into index funds and exchange-traded funds during this long-running bull market, while fee-based active strategies have suffered. The market for index funds has reached $6 trillion, while the market for exchange traded funds, which track indexes, has ballooned to $5 trillion since the SPDR S&P 500’s inception in 1993. Munger hi
Charlie Munger: Teaching young people to actively trade stocks is like starting them on heroin Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: thomas franck
Keywords: news, cnbc, companies, charlie, munger, buffetts, heroin, stock, active, investment, stocks, teaching, trade, index, funds, annual, actively, looking, market, starting, young


Charlie Munger: Teaching young people to actively trade stocks is like starting them on heroin

Warren Buffett’s longtime business partner Charlie Munger is not a fan of active investment management and thinks it could harm inexperienced investors.

“If you take the modern world where people are trying to teach you to come in and trade actively in stocks, well I regard that as roughly equivalent to trying to induce a bunch of young people to start off on heroin,” Munger said from the annual Daily Journal shareholder meeting on Thursday.

Munger instead lauded large index funds for the everyday investor who is looking for exposure to the stock markets and said that many active stock pickers are still in a state of denial that their expertise is worth the fees they charge clients.

“They have a horrible problem they can’t fix so they just treat it as nonexistent,” Munger added. “It’s wrong to have all these people in just a state of denial and doing what they’ve always did year after year, and hoping that the world will keep paying them for it even though an unmanned index is virtually certain to do better.”

Money has flooded into index funds and exchange-traded funds during this long-running bull market, while fee-based active strategies have suffered. The market for index funds has reached $6 trillion, while the market for exchange traded funds, which track indexes, has ballooned to $5 trillion since the SPDR S&P 500’s inception in 1993.

Munger himself, however, is one of the most celebrated investors in history and played a crucial role in Buffett’s success. Munger’s investing prowess preceded his move to Buffett’s Berkshire. From 1962 to 1975, Munger’s investment partnership generated 20 percent annual returns versus the S&P 500’s 5 percent. Read more about his investment strategy here .

Still, Munger said it’s alright for investors to maintain a small number of stock positions if they’re looking to outperform the broader stock markets.

“It’s OK if the individual has a few holdings,” he said. It’s “more important to invest where you have extra knowledge.”

“The whole idea of diversification when you’re looking for excellence is totally ridiculous. It doesn’t work. It gives you an impossible task.”

Munger will speak with CNBC’s Becky Quick following his annual speech.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: thomas franck
Keywords: news, cnbc, companies, charlie, munger, buffetts, heroin, stock, active, investment, stocks, teaching, trade, index, funds, annual, actively, looking, market, starting, young


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Futures point to a triple-digit gain for the Dow after tentative deal to avoid government shutdown

U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies. ET, Dow Jones Industrial Average futures rose 156 points, indicating a positive open of more than 143 points. Market focus is largely attuned to global trade developments, with the U.S. and China trying to hammer out a deal before an early March deadline. The trade dispute has already started to impact global


U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies. ET, Dow Jones Industrial Average futures rose 156 points, indicating a positive open of more than 143 points. Market focus is largely attuned to global trade developments, with the U.S. and China trying to hammer out a deal before an early March deadline. The trade dispute has already started to impact global
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Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: sam meredith
Keywords: news, cnbc, companies, global, avoid, tripledigit, help, deal, point, dispute, trade, market, expected, futures, dow, points, index, et, shutdown, tentative, gain


Futures point to a triple-digit gain for the Dow after tentative deal to avoid government shutdown

U.S. stock index futures were higher Tuesday morning, with market participants hopeful a fresh set of trade talks could help to resolve a dispute between the world’s two largest economies.

At around 4:05 a.m. ET, Dow Jones Industrial Average futures rose 156 points, indicating a positive open of more than 143 points. Futures on the S&P 500 and Nasdaq Composite were also seen slightly higher.

Market focus is largely attuned to global trade developments, with the U.S. and China trying to hammer out a deal before an early March deadline.

Both sides expressed hopes the new round of negotiations, which began in Beijing on Monday, would bring them closer to a comprehensive trade agreement.

The trade dispute has already started to impact global growth, with investors worried a protracted dispute could soon severely hurt corporate earnings.

Meanwhile, market sentiment got a boost amid news U.S. lawmakers had secured a tentative deal on border security funding on Monday.

The drafted agreement — which congressional aides said did not contain funds for President Donald Trump’s border wall — could help to prevent another partial government shutdown due to begin from Saturday.

In corporate news, Nissan, Under Armour and Shopify are among the major companies expected to report their latest quarterly results before the opening bell. Occidental Petroleum, Activision Blizzard and TripAdvisor are all due to publish earnings after market close.

On the data front, the NFIB Small Business Optimism Index for January is expected to be released at around 6:00 a.m. ET. Job Openings and Labor Turnover Survey (JOLTS) figures for December will be published later in the session.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: sam meredith
Keywords: news, cnbc, companies, global, avoid, tripledigit, help, deal, point, dispute, trade, market, expected, futures, dow, points, index, et, shutdown, tentative, gain


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Cramer: Charts show steady investor optimism, more upside for stocks

“The signs suggest that this market can have more upside before the rally exhausts itself,” Cramer recapped on “Mad Money.” “Eventually the market will become too optimistic and stocks will peak, but we’re not there yet.” Garner, the co-founder of DeCarley Trading and author of Higher Probability Commodity Trading, has an impressive track record. In mid-December, one week before the Christmas Eve collapse and subsequent rebound, she told Cramer that pessimism was peaking and stocks were due for


“The signs suggest that this market can have more upside before the rally exhausts itself,” Cramer recapped on “Mad Money.” “Eventually the market will become too optimistic and stocks will peak, but we’re not there yet.” Garner, the co-founder of DeCarley Trading and author of Higher Probability Commodity Trading, has an impressive track record. In mid-December, one week before the Christmas Eve collapse and subsequent rebound, she told Cramer that pessimism was peaking and stocks were due for
Cramer: Charts show steady investor optimism, more upside for stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, upside, steady, hit, optimism, charts, trading, market, cramer, start, investor, index, investors, garner, stocks, sp


Cramer: Charts show steady investor optimism, more upside for stocks

The stock market rally that began 2019 has not yet run its course, even with Tuesday’s Washington-induced surge, CNBC’s Jim Cramer said after consulting with technician Carley Garner.

“The signs suggest that this market can have more upside before the rally exhausts itself,” Cramer recapped on “Mad Money.” “Eventually the market will become too optimistic and stocks will peak, but we’re not there yet.”

Garner, the co-founder of DeCarley Trading and author of Higher Probability Commodity Trading, has an impressive track record. In mid-December, one week before the Christmas Eve collapse and subsequent rebound, she told Cramer that pessimism was peaking and stocks were due for a bounce.

But now that the S&P 500 has gained over 15 percent since those midwinter lows, it’s worth wondering the reverse: what if optimism is approaching its peak?

Lucky for Wall Street, Garner says it’s not. She called attention to CNN’s Fear and Greed index, which uses a variety of inputs to measure what CNN sees as investors’ chief emotional drivers.

Right now, the index sits at 67 out of 100, signaling more greed than fear, but still “a far cry from the extreme levels where you need to start worrying,” Cramer explained. When the major averages peaked going into the fourth quarter of 2018, the index hit 90, and according to Garner, “we usually don’t peak until we hit 90 or above,” he said.

Add to that the fact that only half of professional traders and investors polled for the most recent Consensus Bullish index said they felt bullish; the recent downtrend in the Cboe Volatility Index, which tracks how much investors think stocks will swing in the near future; and that, historically, this is a good time of year for stocks; and Garner sees more momentum ahead.

The S&P 500’s technical charts seem to uphold Garner’s theory. Its weekly chart shows fairly neutral readings for two key indicators: a momentum tracker called the Relative Strength Index and the slow stochastic oscillator, which measures buying and selling pressure.

“Even if the S&P 500 keeps climbing to, say, … 2,800 — up 2 percent from here — Garner doesn’t anticipate either the RSI or the slow stochastic [to] hit extreme overbought levels,” Cramer said, adding that the technician could even see the S&P climbing to 3,000 if it breaks above the 2,800 level.

If Garner is wrong and the S&P heads lower, she said it could trade down to its floor of support at 2,600, and if it breaks below that, fall to 2,400. But that scenario is highly unlikely and, if it happens, would be a buying opportunity, she noted.

The S&P’s monthly chart told a similar story, Cramer said. The index is currently trading at 2,746, between its “hard ceiling” at 3,000 and its “hard floor” of 2,428, he said, which means it’s “basically in equilibrium.”

“To Garner, that means going higher is the path of least resistance for the S&P,” the “Mad Money” host said. “Once the S&P climbs to 2,800, or perhaps … to the mid-2,900s, that’s where Garner expects things will turn south and the pendulum will start swinging in the opposite direction.”

“Remember, … Carley Garner has been dead-right, and the charts, as interpreted by Carley, suggest that this market still has some more upside here,” Cramer continued. “But if we get a few more days like this wild one, she thinks we’ll need to start worrying about irrational exuberance. For now, though, she thinks we are headed higher, and I agree.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, upside, steady, hit, optimism, charts, trading, market, cramer, start, investor, index, investors, garner, stocks, sp


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Dollar gains as growth worry sparks flight to safety; Aussie weakens

The dollar held near a two-week high on Friday, as demand for safe-haven assets rose on uncertainties about the path of U.S.-China trade negotiations and broader worries about slowing global growth. “The dollar is being supported by worries over global growth and external factors,” said Sim Moh Siong, currency strategist at Bank of Singapore. “Markets are waiting to see what policy measures can stabilise growth worldwide…until then, it’s hard to see the dollar weakening.” The dollar index, a g


The dollar held near a two-week high on Friday, as demand for safe-haven assets rose on uncertainties about the path of U.S.-China trade negotiations and broader worries about slowing global growth. “The dollar is being supported by worries over global growth and external factors,” said Sim Moh Siong, currency strategist at Bank of Singapore. “Markets are waiting to see what policy measures can stabilise growth worldwide…until then, it’s hard to see the dollar weakening.” The dollar index, a g
Dollar gains as growth worry sparks flight to safety; Aussie weakens Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, safety, policy, index, global, weakens, bank, worry, sparks, growth, aussie, gains, flight, versus, trade, euro, european, dollar


Dollar gains as growth worry sparks flight to safety; Aussie weakens

The dollar held near a two-week high on Friday, as demand for safe-haven assets rose on uncertainties about the path of U.S.-China trade negotiations and broader worries about slowing global growth.

Such concerns were brought to the fore on Thursday after the European Commission sharply cut its forecasts for euro zone economic growth this year and next on expectations the bloc’s largest countries will be held back by global trade tensions and domestic challenges.

Investors’ anxieties about the global economy were also compounded by comments from U.S. President Donald Trump, who said he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline to achieve a trade deal.

“The dollar is being supported by worries over global growth and external factors,” said Sim Moh Siong, currency strategist at Bank of Singapore.

“Markets are waiting to see what policy measures can stabilise growth worldwide…until then, it’s hard to see the dollar weakening.”

The dollar index, a gauge of its value versus six major peers was up by around 0.1 percent at 96.59, sitting just shy of its two-week high.

The index has gained for six straight sessions in a row. This was mainly due to a weaker euro, which has around 58 percent weightage in the index, and came despite the Federal Reserve’s dovish shift on interest rates last week.

The Aussie dollar fell 0.3 percent to $0.7076 in Asian trade as the Reserve Bank of Australia cut its growth forecasts.

The Aussie has shed 2.4 percent of its value so far this week after the central bank signalled a shift from its long-standing tightening bias earlier this week.

But some analysts see limited downside for the Aussie.

“Aussie dollar should find technical support at $0.70 versus the dollar..quite a lot of bad news is priced in already and rising iron-ore prices should also be supportive,” Bank of Singapore’s Sim added.

The euro was marginally lower at $1.1338, on track to post its fifth straight day of losses. The single currency has been stumbling due to weaker-than-expected growth data out of the euro zone and expectations that the European Central Bank will keep monetary policy accommodative this year.

Philip Wee, currency strategist at DBS, thinks it is likely the euro will depreciate below $1.10 this year on Europe’s relatively weaker growth and inflation outlook against that of the United States.

The yen was steady at 109.74. Analysts think Japanese demand for foreign bonds has supported dollar/yen. The greenback gained around 0.8 percent versus the yen over the last week.

Sterling was marginally lower at $1.2950. Traders expect the British pound to remain volatile in the near term due to the uncertainty surrounding Brexit.

The United Kingdom is currently on course to leave the European Union on March 29 without a deal unless British Prime Minister Theresa May can convince the bloc to reopen the divorce agreement she reached in November.

The greenback was 0.1 percent higher versus the Canadian dollar at C$1.3319, on track to post its largest percentage gain since mid-June. Canada is a major producer of commodities, including oil, and the loonie has been under pressure due to falling energy prices.

The Bank of Canada said in January that low oil prices and a weak housing market hurt the economy in the fourth quarter of 2018 and would continue to drag on growth in the first quarter of this year. Traders expect the central bank to keep rates steady at its next policy meeting in March.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: matt cardy, getty images
Keywords: news, cnbc, companies, safety, policy, index, global, weakens, bank, worry, sparks, growth, aussie, gains, flight, versus, trade, euro, european, dollar


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Silicon Valley VC Confidence Index most pessimistic since 2009

Silicon Valley investors may be excited about all the wacky innovation in their backyard, but the political environment and global economy is really bringing them down. Optimism among venture capitalists in the area dropped to the lowest level in almost a decade in the fourth quarter, according to the Silicon Valley Venture Capitalist Confidence Index, a quarterly survey of 28 Bay Area VCs released on Thursday. Confidence hasn’t been this low since 2009, when the country was still mired in a his


Silicon Valley investors may be excited about all the wacky innovation in their backyard, but the political environment and global economy is really bringing them down. Optimism among venture capitalists in the area dropped to the lowest level in almost a decade in the fourth quarter, according to the Silicon Valley Venture Capitalist Confidence Index, a quarterly survey of 28 Bay Area VCs released on Thursday. Confidence hasn’t been this low since 2009, when the country was still mired in a his
Silicon Valley VC Confidence Index most pessimistic since 2009 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: ari levy, eric risberg
Keywords: news, cnbc, companies, index, wrote, 2009, pessimistic, venture, valley, silicon, confidence, political, survey, vc, area, creation, innovation


Silicon Valley VC Confidence Index most pessimistic since 2009

Silicon Valley investors may be excited about all the wacky innovation in their backyard, but the political environment and global economy is really bringing them down.

Optimism among venture capitalists in the area dropped to the lowest level in almost a decade in the fourth quarter, according to the Silicon Valley Venture Capitalist Confidence Index, a quarterly survey of 28 Bay Area VCs released on Thursday. Confidence hasn’t been this low since 2009, when the country was still mired in a historic banking and housing crisis.

“Seldom have political concerns so significantly impacted confidence and the factors that underpin the venture creation and innovation machine of Silicon Valley,” wrote Mark Cannice, a professor at the University of San Francisco School of Management, in the report, which he’s been producing since 2004. “However, current political wrangling, both domestically and abroad, now threatens the smooth functioning of the venture creation business model.”

The survey results account for the start of the government shutdown, which began as the year was wrapping up and threatened to disrupt the 2019 IPO pipeline. It created yet another challenge for a technology industry that’s already concerned about a potential trade war with China and additional regulation, following the privacy-related issues that have plagued Facebook and Google.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: ari levy, eric risberg
Keywords: news, cnbc, companies, index, wrote, 2009, pessimistic, venture, valley, silicon, confidence, political, survey, vc, area, creation, innovation


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