Wall Street looks to leave behind the half-year bear scare

Investors have lived for half a year in the shadow of the bear, and now find the the indexes on the cusp of breaking back into the light. Wednesday will mark six months since the S&P 500 reached its last record high at 2,930. The 20 percent drop from there to Dec. 24 was among the swiftest in Wall Street history. Last week’s resilient showing nosed the S&P 500 up to a zone that has capped four rallies since October and three between February and June 2018. Certain strict market-cycle observers s


Investors have lived for half a year in the shadow of the bear, and now find the the indexes on the cusp of breaking back into the light. Wednesday will mark six months since the S&P 500 reached its last record high at 2,930. The 20 percent drop from there to Dec. 24 was among the swiftest in Wall Street history. Last week’s resilient showing nosed the S&P 500 up to a zone that has capped four rallies since October and three between February and June 2018. Certain strict market-cycle observers s
Wall Street looks to leave behind the half-year bear scare Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: michael santoli
Keywords: news, cnbc, companies, months, sp, halfyear, zone, street, investors, high, wall, bear, weeks, 500, looks, market, leave, rallies, scare


Wall Street looks to leave behind the half-year bear scare

Investors have lived for half a year in the shadow of the bear, and now find the the indexes on the cusp of breaking back into the light.

The market has burned up a brimming reservoir of pessimism and done just enough to encourage the bulls, without fully disproving the skeptics case that last year’s highs will go unchallenged.

Wednesday will mark six months since the S&P 500 reached its last record high at 2,930. The 20 percent drop from there to Dec. 24 was among the swiftest in Wall Street history. Its recovery of four-fifths of that loss in less than three months has been at least as extraordinary by historical standards.

Last week’s resilient showing nosed the S&P 500 up to a zone that has capped four rallies since October and three between February and June 2018.

Certain strict market-cycle observers still consider the underlying bull-bear status of the market in play, viewing last September’s high as a plausible peak and everything since as the opening movements of a bear market. That’s perhaps a semantics exercise unhelpful to most investors, given the market is up a bit over the past year and less than 4 percent below that 6-month-old record.

Doug Ramsey, chief investment officer at Leuthold Group, was positioned for a bear phase well before the fourth-quarter slide and remains skeptical, but still grants that the rebound has moved beyond a mere reflex rally: “Based on standard technical retracements and on our mortality tables for bear market rallies, the best-case S&P 500 bounce ‘should’ have exhausted itself in the 2,700-2,750 range.” It didn’t.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: michael santoli
Keywords: news, cnbc, companies, months, sp, halfyear, zone, street, investors, high, wall, bear, weeks, 500, looks, market, leave, rallies, scare


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Marijuana grower Tilray rallies after sales more than double

Shares of Tilray jumped after the company reported that its cannabis sales more than doubled over the last year. Tilray on Monday reported fourth-quarter revenue of $15.5 million, buoyed 2018 sales to $43.1 million — up 110 percent from last year. First, it expanded its alliance with Sandoz, a division of Swiss drugmaker Novartis, in an effort to increase access to medical cannabis to patients around the world. Tilray said it plans to work with Novartis’ generic drug business and supply non-smok


Shares of Tilray jumped after the company reported that its cannabis sales more than doubled over the last year. Tilray on Monday reported fourth-quarter revenue of $15.5 million, buoyed 2018 sales to $43.1 million — up 110 percent from last year. First, it expanded its alliance with Sandoz, a division of Swiss drugmaker Novartis, in an effort to increase access to medical cannabis to patients around the world. Tilray said it plans to work with Novartis’ generic drug business and supply non-smok
Marijuana grower Tilray rallies after sales more than double Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: thomas franck
Keywords: news, cnbc, companies, marijuana, rallies, double, million, medical, strategic, share, tilray, cannabis, grower, sales, reported, company, quarter


Marijuana grower Tilray rallies after sales more than double

Shares of Tilray jumped after the company reported that its cannabis sales more than doubled over the last year.

Tilray on Monday reported fourth-quarter revenue of $15.5 million, buoyed 2018 sales to $43.1 million — up 110 percent from last year. The surge was driven by bulk sales, the first months of the legal adult-use market in Canada and accelerated wholesale exports, according to its latest financial update. Analysts had expected fourth-quarter sales of $14.1 million.

In premarket trading Tuesday, the British Columbia-based company’s stock was up nearly 3 percent.

“Our team made significant progress on our long-term initiatives including increasing production capacity, expanding and strengthening strategic partnerships, and acquiring complementary businesses to accelerate our future growth and leadership position in medical and adult-use cannabis,” Tilray CEO Brendan Kennedy said of the company’s financial report.

Net loss for the quarter was $31 million, or 33 cents per share, compared to $3 million, or 4 cents per share, for the prior-year period. The company also said that the number of kilograms of cannabis and derivative products increased nearly three-fold to 2,053 from 694 kilograms compared to the fourth quarter of 2017.

Kilograms sold in 2018 increase over two-fold to 6,478 from 3,024 in the prior year.

The most recent quarter was busy for Tilray, which expanded strategic partnerships with a number of global partners.

First, it expanded its alliance with Sandoz, a division of Swiss drugmaker Novartis, in an effort to increase access to medical cannabis to patients around the world. Tilray said it plans to work with Novartis’ generic drug business and supply non-smokable and non-combustible medical cannabis products where legal.

The Canadian company also disclosed a research and development partnership with Budweiser-parent AB InBev focused on non-alcohol THC and CBD beverages. Each company intends to invest up to $50 million, for a total of up to $100 million, Tilray said.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: thomas franck
Keywords: news, cnbc, companies, marijuana, rallies, double, million, medical, strategic, share, tilray, cannabis, grower, sales, reported, company, quarter


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Violence at French yellow vest protests prompts new rallies

French police are investigating how a prominent yellow vest protester suffered a dramatic eye injury in Paris, as well as other protest-related injuries. Violence by protesters and the sometimes-aggressive police response have prompted a national debate since the anti-government movement kicked off two months ago. A counter-demonstration is planned Sunday in Paris by groups calling themselves the “red scarves” and “blue vests” to protest the violence. Paris police said Sunday they are investigat


French police are investigating how a prominent yellow vest protester suffered a dramatic eye injury in Paris, as well as other protest-related injuries. Violence by protesters and the sometimes-aggressive police response have prompted a national debate since the anti-government movement kicked off two months ago. A counter-demonstration is planned Sunday in Paris by groups calling themselves the “red scarves” and “blue vests” to protest the violence. Paris police said Sunday they are investigat
Violence at French yellow vest protests prompts new rallies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-27  Authors: bertrand guay, afp, getty images
Keywords: news, cnbc, companies, injury, french, protester, rallies, yellow, protesters, protest, vest, investigating, protests, violence, eye, paris, prompts, movement


Violence at French yellow vest protests prompts new rallies

French police are investigating how a prominent yellow vest protester suffered a dramatic eye injury in Paris, as well as other protest-related injuries.

Violence by protesters and the sometimes-aggressive police response have prompted a national debate since the anti-government movement kicked off two months ago.

A counter-demonstration is planned Sunday in Paris by groups calling themselves the “red scarves” and “blue vests” to protest the violence.

Paris police said Sunday they are investigating the eye injury of protester Jerome Rodrigues, among other protest injuries. Video images show Rodriguez collapsed on the ground Saturday near the Bastille monument in Paris, where protesters throwing projectiles clashed with police seeking to disperse them.

The movement sees French President Emmanuel Macron’s government as favoring the wealthy. Most of its actions are peaceful.


Company: cnbc, Activity: cnbc, Date: 2019-01-27  Authors: bertrand guay, afp, getty images
Keywords: news, cnbc, companies, injury, french, protester, rallies, yellow, protesters, protest, vest, investigating, protests, violence, eye, paris, prompts, movement


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Cramer’s lightning round: ‘Do some trimming’ in Qualcomm if the stock rallies

So as it rallies, and it can, I’d do a little trimming.” Momo Inc.: “Momo? It’s a Chinese stock. I mean, hey, listen: we’re having a trade war to end all trade wars with the Chinese and you want some Momo? They should be the big beneficiary of all the Chinese turmoil, Huawei, but they’re not, and that’s because they’re not that good a company.


So as it rallies, and it can, I’d do a little trimming.” Momo Inc.: “Momo? It’s a Chinese stock. I mean, hey, listen: we’re having a trade war to end all trade wars with the Chinese and you want some Momo? They should be the big beneficiary of all the Chinese turmoil, Huawei, but they’re not, and that’s because they’re not that good a company.
Cramer’s lightning round: ‘Do some trimming’ in Qualcomm if the stock rallies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, theyre, good, cramers, stock, round, chinese, trade, say, lightning, rallies, think, theyve, qualcomm, trimming, money, momo


Cramer's lightning round: 'Do some trimming' in Qualcomm if the stock rallies

Qualcomm Inc.: “Look, it yields 4 [percent]. I think they have the money. They can’t lose the lawsuit to Apple. The problem is that, man, you are in cellphone hell, and I don’t want you there because that is the house of pain. So as it rallies, and it can, I’d do a little trimming.”

Momo Inc.: “Momo? No no. That is exactly the kind of stock I don’t want you in. It’s a Chinese stock. I mean, hey, listen: we’re having a trade war to end all trade wars with the Chinese and you want some Momo? I say ix-nay.”

Ciena Corp.: “[CEO] Gary Smith used to come on this show and I so enjoyed it. He’s doing such a good job. Ciena is really kicking butt here. I think that Gary should come back on. Ciena had a monster good quarter.”

AbbVie Inc.: “I think AbbVie has to do exactly what Bristol-Myers did. They’ve got to find a partner because they’ve got too much money in one drug, Humira. Now, I will say this: AbbVie’s a well-run company. So was Bristol. But they needed to do a deal. I bet you we talk about that next week [at J.P. Morgan’s annual Healthcare Conference].”

Telefonaktiebolaget LM Ericsson: “Ericsson should be kicking butt here and they’re not. They should be the big beneficiary of all the Chinese turmoil, Huawei, but they’re not, and that’s because they’re not that good a company. What a judgment.”


Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, theyre, good, cramers, stock, round, chinese, trade, say, lightning, rallies, think, theyve, qualcomm, trimming, money, momo


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Monster rallies are often synonymous with bear markets, Boockvar warns

Even if stocks move back into rally mode, investor Peter Boockvar warns the Fed could ruin it 4:50 PM ET Thu, 27 Dec 2018 | 02:13Investor Peter Boockvar believes the stock market’s wild swings are evidence of a bear market. Boockvar recently told CNBC that the recent monster rallies do not signal the bulls are back. “We are in a bear market, and a bear market is not just going to end in a couple of months considering the ten years of a bull market,” the chief investment officer at Bleakley Advis


Even if stocks move back into rally mode, investor Peter Boockvar warns the Fed could ruin it 4:50 PM ET Thu, 27 Dec 2018 | 02:13Investor Peter Boockvar believes the stock market’s wild swings are evidence of a bear market. Boockvar recently told CNBC that the recent monster rallies do not signal the bulls are back. “We are in a bear market, and a bear market is not just going to end in a couple of months considering the ten years of a bull market,” the chief investment officer at Bleakley Advis
Monster rallies are often synonymous with bear markets, Boockvar warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: stephanie landsman, seread, getty images, jacob w frank, kevin lamarque, brendan smialowski, afp, david a grogan
Keywords: news, cnbc, companies, fed, stocks, synonymous, bear, raise, peter, market, rally, rallies, warns, monster, boockvar, happen, markets


Monster rallies are often synonymous with bear markets, Boockvar warns

Even if stocks move back into rally mode, investor Peter Boockvar warns the Fed could ruin it 4:50 PM ET Thu, 27 Dec 2018 | 02:13

Investor Peter Boockvar believes the stock market’s wild swings are evidence of a bear market.

Boockvar recently told CNBC that the recent monster rallies do not signal the bulls are back. He noted bull market moves are more methodical.

“We are in a bear market, and a bear market is not just going to end in a couple of months considering the ten years of a bull market,” the chief investment officer at Bleakley Advisory Group said Thursday on “Futures Now.”

Boockvar, also a CNBC contributor, acknowledged the market has been grossly oversold. He thinks stocks have been due for a rip-roaring rally that could extend into January.

However, he remains on recession watch due to Federal Reserve policy.

“Recessions happen like night follows day,” Boockvar said. “Typically, recessions happen when the Fed tightens policy. And, I just find it hard to believe that we’re not going to go into another recession.”

He has little faith that the Fed will pull off a soft landing after an era of easy money.

“The question in 2019 is: let’s say things get better. Markets recover. The economy is OK. We have a [trade] deal with China,” he said. “Does that mean Powell is back in the game, and he wants to raise two more times?”

Boockvar’s answer: yes.

“If he is data dependent and the data gets better, well, then he’ll continue to raise,” Boockvar warned.


Company: cnbc, Activity: cnbc, Date: 2018-12-28  Authors: stephanie landsman, seread, getty images, jacob w frank, kevin lamarque, brendan smialowski, afp, david a grogan
Keywords: news, cnbc, companies, fed, stocks, synonymous, bear, raise, peter, market, rally, rallies, warns, monster, boockvar, happen, markets


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Bitcoin rallies 10%, extending this week’s gains after months of crypto carnage

After weeks of pain for the world’s largest cryptocurrency, bitcoin surged 10 percent to a high of $3,929.10 on Wednesday morning, according to data from CoinDesk. XRP, the world’s second largest digital currency, jumped 16 percent while ether rallied 13 percent, according to CoinDesk. Bitcoin is down more than 80 percent from its all-time high hit almost exactly one year ago. Bitcoin first became a household name in 2017 as retail investors made speculative bets on cryptocurrencies, raising mon


After weeks of pain for the world’s largest cryptocurrency, bitcoin surged 10 percent to a high of $3,929.10 on Wednesday morning, according to data from CoinDesk. XRP, the world’s second largest digital currency, jumped 16 percent while ether rallied 13 percent, according to CoinDesk. Bitcoin is down more than 80 percent from its all-time high hit almost exactly one year ago. Bitcoin first became a household name in 2017 as retail investors made speculative bets on cryptocurrencies, raising mon
Bitcoin rallies 10%, extending this week’s gains after months of crypto carnage Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-19  Authors: kate rooney, getty images news, getty images
Keywords: news, cnbc, companies, market, weeks, investors, told, gains, crypto, prices, ultimately, trading, months, bitcoin, rallies, extending, tam, carnage, moro, worlds


Bitcoin rallies 10%, extending this week's gains after months of crypto carnage

Bitcoin is finally rallying again.

After weeks of pain for the world’s largest cryptocurrency, bitcoin surged 10 percent to a high of $3,929.10 on Wednesday morning, according to data from CoinDesk. The performance brought bitcoin’s three-day gains to more than 22 percent.

Other top cryptocurrencies followed suit. XRP, the world’s second largest digital currency, jumped 16 percent while ether rallied 13 percent, according to CoinDesk.

Still, 2018 has been a horrible year for most cryptocurrency investors. Bitcoin is down more than 80 percent from its all-time high hit almost exactly one year ago. This year alone, it’s down 72 percent and has struggled to attract new buyers.

Finding fresh buyers was hardly a problem last year. Bitcoin first became a household name in 2017 as retail investors made speculative bets on cryptocurrencies, raising money through initial coin offerings. Regulators have stepped up their oversight of the industry this year, cracking down on fundraising projects that have failed to register with the SEC. Other crypto founders have been charged as outright frauds.

Over the past six months, hundreds of the ICOs have been forced to close up shop, which CoinFi CEO Timothy Tam said was a necessary shakeout for the market.

“The garbage, or at least a good portion of it, is starting to get collected,” Tam said. “Ultimately this strengthens the market.”

Still, he underlined that a 10 percent bitcoin spike doesn’t mean crypto prices are in the clear or that it’s “time to breath a sign of relief.”

“If anything, it proves speculation still dominates and most — not all, but most — are not trading in reality,” Tam told CNBC, adding that he saw some institutional-level money flow into the markets over the last 48 hours. Tam said certain investors had been sitting on the sidelines, waiting for the market to find bottom.

“It’s certainly a hell of a lot more cost efficient to buy now,” he said. “The hope is that the market has culled jumpy retail investors and, as regulators move in, we start to see some much needed stability.”

Mati Greenspan, senior market analyst at eToro, said bitcoin’s “impressive push from the floor” on Wednesday was also the result of short covering.

“People are looking to reduce their exposure and closing out high-risk sell positions before the holidays, and this is creating upward pressure on market prices, which is ultimately resulting in a rally,” Greenspan said.

Michael Moro, CEO of Genesis Global Trading, also saw an uptick in short covering. He echoed Tam’s sentiment that bitcoin is not quite out of the woods yet. Moro said he is not ready to call a bottom until prices break toward the $4,000 ceiling.

“Buyers typically need to see prices holding for a few days before they really step in, and I think $3,900 is a key short-term level here before that really happens,” Moro told CNBC.

By midday Wednesday, bitcoin surrendered some of the morning’s gains. It was trading at $3,774.85.


Company: cnbc, Activity: cnbc, Date: 2018-12-19  Authors: kate rooney, getty images news, getty images
Keywords: news, cnbc, companies, market, weeks, investors, told, gains, crypto, prices, ultimately, trading, months, bitcoin, rallies, extending, tam, carnage, moro, worlds


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Europe rallies 2% after US and China agree to temporary trade truce; miners surge 5%

The pan-European Stoxx 600 was up more than 2 percent during early morning deals, with all sectors in positive territory. Germany’s DAX index led the gains among the major bourses, surging over 2.5 percent Monday morning. Looking at individual stocks, Netherlands-based pharmaceutical company Argenx rose toward the top of the European benchmark. Meanwhile, Dutch company Signify slipped to the bottom of the index, after J.P. Morgan revised its stock recommendation to “underweight” Monday morning.


The pan-European Stoxx 600 was up more than 2 percent during early morning deals, with all sectors in positive territory. Germany’s DAX index led the gains among the major bourses, surging over 2.5 percent Monday morning. Looking at individual stocks, Netherlands-based pharmaceutical company Argenx rose toward the top of the European benchmark. Meanwhile, Dutch company Signify slipped to the bottom of the index, after J.P. Morgan revised its stock recommendation to “underweight” Monday morning.
Europe rallies 2% after US and China agree to temporary trade truce; miners surge 5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: sam meredith
Keywords: news, cnbc, companies, surge, trade, europe, stocks, stock, index, rallies, china, miners, morning, agree, argenx, worth, temporary, truce, washington, company, shares, underweight


Europe rallies 2% after US and China agree to temporary trade truce; miners surge 5%

The pan-European Stoxx 600 was up more than 2 percent during early morning deals, with all sectors in positive territory. Germany’s DAX index led the gains among the major bourses, surging over 2.5 percent Monday morning.

Europe’s basic resources stocks — with their heavy exposure to China — jumped more than 5 percent shortly after the opening bell, as investors reacted to a cease-fire on tariffs between Washington and Beijing. Antofagsta, Glencore and Anglo American were all trading more than 6 percent higher on the news.

Looking at individual stocks, Netherlands-based pharmaceutical company Argenx rose toward the top of the European benchmark. Shares of the group soared 13 percent after Argenx announced it would enter an exclusive global collaboration and license agreement with Cilag, an affiliate of Jansen. The deal is reported to potentially be worth $1.6 billion.

Meanwhile, Dutch company Signify slipped to the bottom of the index, after J.P. Morgan revised its stock recommendation to “underweight” Monday morning. Shares of the Amsterdam-listed stock were down more than 2 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-03  Authors: sam meredith
Keywords: news, cnbc, companies, surge, trade, europe, stocks, stock, index, rallies, china, miners, morning, agree, argenx, worth, temporary, truce, washington, company, shares, underweight


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Europe rallies after Fed chair signals rates are nearing neutral; Britvic shares up 6%

Basic resources led the gains, up by more than 2 percent as investors wait for a G-20 summit due to start Friday. President Donald Trump and China President Xi Jinping are due to meet on the sidelines in an attempt to improve their trade relations. But the biggest driver of the stock market on Thursday was a highly-anticipated speech from the chair of the Federal Reserve. The expectation that the Fed is likely to raise rates to a lower level than previously expected is a positive for shares. In


Basic resources led the gains, up by more than 2 percent as investors wait for a G-20 summit due to start Friday. President Donald Trump and China President Xi Jinping are due to meet on the sidelines in an attempt to improve their trade relations. But the biggest driver of the stock market on Thursday was a highly-anticipated speech from the chair of the Federal Reserve. The expectation that the Fed is likely to raise rates to a lower level than previously expected is a positive for shares. In
Europe rallies after Fed chair signals rates are nearing neutral; Britvic shares up 6% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: silvia amaro, alexandra gibbs
Keywords: news, cnbc, companies, rate, president, rallies, interest, stocks, fed, chair, powell, neutral, europe, nearing, rose, shares, britvic, signals, uk, level, rates


Europe rallies after Fed chair signals rates are nearing neutral; Britvic shares up 6%

The pan-European Stoxx 600 index rose 0.6 percent with nearly every sector in the black. Basic resources led the gains, up by more than 2 percent as investors wait for a G-20 summit due to start Friday. President Donald Trump and China President Xi Jinping are due to meet on the sidelines in an attempt to improve their trade relations.

But the biggest driver of the stock market on Thursday was a highly-anticipated speech from the chair of the Federal Reserve. Speaking in New York on Wednesday, Jerome Powell said 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 at the time that more rate hikes were on the horizon. Following Powell’s comments on Wednesday, Wall Street saw stocks leap with the Dow seeing its biggest rally in eight months, closing up over 600 points up and supported Asian trading too. The expectation that the Fed is likely to raise rates to a lower level than previously expected is a positive for shares.

Sticking with central banking news, the Bank of England claimed that a “disorderly” departure from the European Union, would put the U.K. economy under severe pressure and could be more painful for the U.K. than the global financial crisis was.

In individual stocks news, Britvic shares rose more than 6 percent after it said its sugarless drinks had boosted sales.


Company: cnbc, Activity: cnbc, Date: 2018-11-29  Authors: silvia amaro, alexandra gibbs
Keywords: news, cnbc, companies, rate, president, rallies, interest, stocks, fed, chair, powell, neutral, europe, nearing, rose, shares, britvic, signals, uk, level, rates


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Cramer: This market’s perception is skewed to the point where stocks aren’t necessarily safe

Cramer: This market’s perception is skewed to the point where stocks aren’t necessarily safe15 Hours AgoJim Cramer says that until two key market-moving policies change, stock market rallies can’t be trusted.


Cramer: This market’s perception is skewed to the point where stocks aren’t necessarily safe15 Hours AgoJim Cramer says that until two key market-moving policies change, stock market rallies can’t be trusted.
Cramer: This market’s perception is skewed to the point where stocks aren’t necessarily safe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15
Keywords: news, cnbc, companies, markets, cramer, necessarily, point, skewed, arent, safe, perception, safe15, trusted, stock, rallies, stocks, policies


Cramer: This market's perception is skewed to the point where stocks aren't necessarily safe

Cramer: This market’s perception is skewed to the point where stocks aren’t necessarily safe

15 Hours Ago

Jim Cramer says that until two key market-moving policies change, stock market rallies can’t be trusted.


Company: cnbc, Activity: cnbc, Date: 2018-11-15
Keywords: news, cnbc, companies, markets, cramer, necessarily, point, skewed, arent, safe, perception, safe15, trusted, stock, rallies, stocks, policies


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Cramer: With midterms over, we could get ‘the rallies of all rallies’ if the Fed pauses rate hikes

However, that huge pop could only materialize if the Federal Reserve under Chair Jerome Powell decides to pause its interest rate hikes, said the “Mad Money” host. “If there’s anyway, anyway that Jay Powell says, ‘You know what, we got to wait and see,’ we could have the rallies of all rallies,” Cramer said on “Squawk Box.” Later on “Squawk on the Street” Wednesday, Cramer said the market “can get on with other worries.” Cramer has been critical of Powell, agreeing with President Donald Trump, b


However, that huge pop could only materialize if the Federal Reserve under Chair Jerome Powell decides to pause its interest rate hikes, said the “Mad Money” host. “If there’s anyway, anyway that Jay Powell says, ‘You know what, we got to wait and see,’ we could have the rallies of all rallies,” Cramer said on “Squawk Box.” Later on “Squawk on the Street” Wednesday, Cramer said the market “can get on with other worries.” Cramer has been critical of Powell, agreeing with President Donald Trump, b
Cramer: With midterms over, we could get ‘the rallies of all rallies’ if the Fed pauses rate hikes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, pauses, hikes, month, uncertainty, tuesdays, midterms, cramer, expected, rallies, market, fed, powell, rate


Cramer: With midterms over, we could get 'the rallies of all rallies' if the Fed pauses rate hikes

We can now get on with the other market worries, says Jim Cramer 4 Hours Ago | 03:17

The stock market could be primed for “the rallies of all rallies” now that the midterm election uncertainty is finally over, CNBC’s Jim Cramer said Wednesday.

However, that huge pop could only materialize if the Federal Reserve under Chair Jerome Powell decides to pause its interest rate hikes, said the “Mad Money” host.

“If there’s anyway, anyway that Jay Powell says, ‘You know what, we got to wait and see,’ we could have the rallies of all rallies,” Cramer said on “Squawk Box.” “But he has to green light us.”

U.S. stocks were sharply higher Wednesday after the results from Tuesday’s election came in about as expected, lifting a cloud of uncertainty hanging over the market.

In the midterms, Democrats flipped enough seats to take the House majority from Republicans. However, Republicans were expected to keep control of the Senate and add seats.

Later on “Squawk on the Street” Wednesday, Cramer said the market “can get on with other worries.”

Cramer has been critical of Powell, agreeing with President Donald Trump, but for different reasons, that rate increases should be halted.

The Fed began its two-day November meeting Wednesday, with a rate decision set for Thursday afternoon. No change is expected this time around. But another hike is expected after central bankers meet in December. The Fed has already raised rates three times this year.

Last month, Powell said the cost of borrowing money was a long way from so-called neutral, sparking concerns about a more aggressive Fed tightening that led to October being the worst month for the S&P 500 since September 2011.

So far this month, as of Tuesday’s close, the S&P 500 was off to a much better November.


Company: cnbc, Activity: cnbc, Date: 2018-11-07  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, pauses, hikes, month, uncertainty, tuesdays, midterms, cramer, expected, rallies, market, fed, powell, rate


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