Richard Bernstein on market warning signs he says investors are ignoring

Richard Bernstein on market warning signs he says investors are ignoringRichard Bernstein, CEO and chief investment officer of Richard Bernstein Advisors, joins “Squawk Box” to discuss the warning signs he says investors are ignoring in the markets.


Richard Bernstein on market warning signs he says investors are ignoringRichard Bernstein, CEO and chief investment officer of Richard Bernstein Advisors, joins “Squawk Box” to discuss the warning signs he says investors are ignoring in the markets.
Richard Bernstein on market warning signs he says investors are ignoring Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-19
Keywords: news, cnbc, companies, officer, ignoring, warning, bernstein, signs, market, investors, richard, markets, squawk, joins


Richard Bernstein on market warning signs he says investors are ignoring

Richard Bernstein on market warning signs he says investors are ignoring

Richard Bernstein, CEO and chief investment officer of Richard Bernstein Advisors, joins “Squawk Box” to discuss the warning signs he says investors are ignoring in the markets.


Company: cnbc, Activity: cnbc, Date: 2020-02-19
Keywords: news, cnbc, companies, officer, ignoring, warning, bernstein, signs, market, investors, richard, markets, squawk, joins


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SpaceX signs deal to fly 4 space tourists around Earth in about two years

SpaceX will fly four privately-paying space tourists to orbit in its Crew Dragon capsule, the company unveiled on Tuesday. The customers will be brokered through Space Adventures, a company that’s flown private citizens to the International Space Station using Russian spacecraft. The firm said this Crew Dragon mission will allow four individuals to “see planet Earth the way no one has since the Gemini program” of the 1960s. Crew Dragon is a capsule SpaceX has been developing for NASA. The spacec


SpaceX will fly four privately-paying space tourists to orbit in its Crew Dragon capsule, the company unveiled on Tuesday.
The customers will be brokered through Space Adventures, a company that’s flown private citizens to the International Space Station using Russian spacecraft.
The firm said this Crew Dragon mission will allow four individuals to “see planet Earth the way no one has since the Gemini program” of the 1960s.
Crew Dragon is a capsule SpaceX has been developing for NASA.
The spacec
SpaceX signs deal to fly 4 space tourists around Earth in about two years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-18  Authors: michael sheetz
Keywords: news, cnbc, companies, crew, spacecraft, earth, space, nasa, station, international, fly, mission, tourists, signs, deal, dragon, spacex


SpaceX signs deal to fly 4 space tourists around Earth in about two years

SpaceX will fly four privately-paying space tourists to orbit in its Crew Dragon capsule, the company unveiled on Tuesday.

“This historic mission will forge a path to making spaceflight possible for all people who dream of it, and we are pleased to work with the Space Adventures’ team on the mission,” SpaceX president and COO Gwynne Shotwell said in a statement.

The customers will be brokered through Space Adventures, a company that’s flown private citizens to the International Space Station using Russian spacecraft. The firm said this Crew Dragon mission will allow four individuals to “see planet Earth the way no one has since the Gemini program” of the 1960s.

Crew Dragon is a capsule SpaceX has been developing for NASA. The spacecraft is built to fly astronauts to the International Space Station, a capability the U.S. has lacked for nearly a decade. SpaceX plans to launch its first NASA astronauts between April and June of this year.


Company: cnbc, Activity: cnbc, Date: 2020-02-18  Authors: michael sheetz
Keywords: news, cnbc, companies, crew, spacecraft, earth, space, nasa, station, international, fly, mission, tourists, signs, deal, dragon, spacex


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Former FBI agent of 21 years: These are the 8 biggest ‘warning signs’ that reveal a dishonest person

Here are the biggest warning signs that reveal a dishonest person:1. When someone says, “You never compliment me,” for example, they’re just begging you to say: “That’s ridiculous! Even when you know that someone is just exaggerating, it can be hard to tell if they know it. You say, “I’m sorry.” They’ll say, “I’m sorry.


Here are the biggest warning signs that reveal a dishonest person:1.
When someone says, “You never compliment me,” for example, they’re just begging you to say: “That’s ridiculous!
Even when you know that someone is just exaggerating, it can be hard to tell if they know it.
You say, “I’m sorry.”
They’ll say, “I’m sorry.
Former FBI agent of 21 years: These are the 8 biggest ‘warning signs’ that reveal a dishonest person Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: robin dreeke
Keywords: news, cnbc, companies, theyre, agent, say, reveal, youre, shields, information, person, dishonest, biggest, know, example, fbi, words, signs, usually, warning


Former FBI agent of 21 years: These are the 8 biggest 'warning signs' that reveal a dishonest person

Every person has a tell. Your friends, co-workers, family members, partner and boss may actually be revealing their true intentions, but shrouding them in clever disguises. As a retired FBI special agent and former chief of the Counterintelligence Behavioral Analysis Program, I spent 21 years defeating people whose sole intention was deception and trickery. Through years of trial and error, I recognized certain key patterns and learned how to “size people up” — or predict what others will do, and trust them accordingly. Here are the biggest warning signs that reveal a dishonest person:

1. They speak in absolutes, such as ‘always’ and ‘never.’

Absolutes are meant to support a point of view, but they’re rarely true and can easily incite denial and opposition. When someone says, “You never compliment me,” for example, they’re just begging you to say: “That’s ridiculous! I remember giving you compliments!” Even when you know that someone is just exaggerating, it can be hard to tell if they know it. When absolutes go unchallenged, they have a perverse tendency to be reborn as the truth. People who are trustworthy tend to use words that soften absolutes, such as “usually,” “often,” “probably,” practically,” “sometimes,” “frequently” and “generally.”

2. They brag by downplaying their accomplishments.

A lot of people think they know how to brag artfully, but really don’t. Some wait for the right moment in a conversation to casually toss in their 15 seconds of self-promotion — as mere information, a pertinent example or a flash of amusing recollection. And when you give them the kudos they’re looking for, they brush it off. If they name-drop, they mention the “Big Name” in a cluster of unknowns, as if they’re not even aware of their status-seeking. Another example might be the co-worker who always tries to reassure that you’ll be able to do something better than they did, in the guise of encouragement. But their primary goal is to remind you of how great they are — as you struggle to do it.

3. They try to please you by judging people you both know.

They imply that you’re better than those other people, otherwise they wouldn’t be confiding their disapproval. They give you opportunities to jump in with your own disapproval for those people, as if it’s a healthy form of bonding. Meanwhile, all you’re thinking is: What do they say about me when I’m not around?

4. They’re highly defensive.

Dangerous trait! And one of the most common. Many people feel that if they deny something, it ceases to exist. They turn criticisms of themselves into a joke or into an offensive statement that makes no sense. They pout. They act passive aggressive. They change the subject. They distort the “accusation.” Or they just withdraw. These are the ways dishonest people put up their shields. Shields up, information out. Shields down, information in.

5. They love to debate.

I’m not talking about an exchange of rational ideas. I’m talking about the hyperemotional dogfights that now dominate opposing discussions everywhere from “The Real Housewives of New Jersey” to political debates. Debating tactics are just a string of tricks that can be shockingly ineffective in manipulating people. Some of the worst include: Attacking people instead of ideas, using insinuation and innuendo, playing on fears, being sarcastic and dismissive, scapegoating, changing the subject and labeling people. Once upon a time, you couldn’t get a passing grade in English if you communicated like that. Now, you can run for high profile office.

6. They talk too much and say too little.

It’s usually because they’re trying to hide something or just don’t have anything to say. So they try to substitute quantity for quality, especially by dropping meaningless buzzwords like “negative growth,” “thought leader” or a currently ubiquitous cliche du jour: “strategic planning” — as if a regular plan is just a wish list. In contrast, Winston Churchill — a gifted speaker and Nobel laureate in literature — once said, “Short words are best, and old words, when short, are best of all.” A similar sentiment was echoed by business communications specialist L.J. Brockman, creator of the C2M2 formula, which designates the four primary characteristics of successful communications: Clear, concise, memorable and motivational.

7. They don’t know how to apologize.

Apologizing is pretty easy. You say, “I’m sorry.” And that’s it. Unfortunately, it’s something you’ll rarely hear from a dishonest person. They’ll say, “I’m sorry. But …” Then comes the about-face, usually fueled by an accusation: “But I only did it because you did, blah, blah, blah.” This happens out of fear, particularly in fear’s common disguises of arrogance, perfectionism or some other form of superiority. The person’s central, self-dooming premise is: It’s all about me, and if I just plead not guilty to every charge, it’ll stay that way. My advice? Quit while you’re ahead.

8. They display uncomfortable body language.


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: robin dreeke
Keywords: news, cnbc, companies, theyre, agent, say, reveal, youre, shields, information, person, dishonest, biggest, know, example, fbi, words, signs, usually, warning


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MLB analyst Jessica Mendoza signs extension at ESPN, resigns from Mets

MLB analyst Jessica Mendoza signed a multiyear extension with ESPN, the network said in a press release Friday. She’ll be resigning her role as a baseball operations advisor to the New York Mets. Mendoza, 39, will be the first woman to serve as a solo analyst on national baseball telecasts. She will also be the first woman to serve as a World Series game analyst on national radio this season, according to the release. Mendoza first joined ESPN in 2007 and has served as an analyst on Sunday Night


MLB analyst Jessica Mendoza signed a multiyear extension with ESPN, the network said in a press release Friday.
She’ll be resigning her role as a baseball operations advisor to the New York Mets.
Mendoza, 39, will be the first woman to serve as a solo analyst on national baseball telecasts.
She will also be the first woman to serve as a World Series game analyst on national radio this season, according to the release.
Mendoza first joined ESPN in 2007 and has served as an analyst on Sunday Night
MLB analyst Jessica Mendoza signs extension at ESPN, resigns from Mets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-07  Authors: sunny kim
Keywords: news, cnbc, companies, york, resigns, world, mets, baseball, serve, mlb, jessica, analyst, espn, extension, mendoza, woman, signs, games


MLB analyst Jessica Mendoza signs extension at ESPN, resigns from Mets

ESPN Sunday Night Baseball color commentators Jessica Mendoza and Alex Rodriguez walk toward the Green Monster before a game between the Boston Red Sox and the New York Yankees on September 8, 2019 at Fenway Park in Boston, Massachusetts.

MLB analyst Jessica Mendoza signed a multiyear extension with ESPN, the network said in a press release Friday. She’ll be resigning her role as a baseball operations advisor to the New York Mets.

Mendoza, 39, will be the first woman to serve as a solo analyst on national baseball telecasts. She will appear during weeknight games for ESPN this season. She will also be the first woman to serve as a World Series game analyst on national radio this season, according to the release.

“I’ve always prioritized my growth and these new opportunities will allow me to expand my broadcasting career while challenging me at the same time,” Mendoza said in the release. “From calling MLB games on television and radio, to extensive studio work and features, I’m excited about everything that lies ahead.”

Brodie Van Wagenen, general manager for the New York Mets, tweeted his support for Mendoza on Friday and said, “to focus more on those new responsibilities she will no longer be a Special Advisor to the Mets.”

Mendoza first joined ESPN in 2007 and has served as an analyst on Sunday Night Baseball since August 2015.

In addition to her new role, she will continue to serve as the lead analyst for ESPN’s coverage of the Women’s College World Series. She will also serve as an on-site reporter at the 2020 Summer Olympics in Tokyo.

“We are proud that Jessica, one of our most talented and recognizable commentators, will continue blazing new trails with ESPN for several years to come,” said Norby Williamson, ESPN executive vice president for production, in the release.

Mendoza won Olympic gold and silver medals with the U.S. softball team in 2004 and 2008. She also holds three World Championship titles and two Pan American Games Gold Medals.


Company: cnbc, Activity: cnbc, Date: 2020-02-07  Authors: sunny kim
Keywords: news, cnbc, companies, york, resigns, world, mets, baseball, serve, mlb, jessica, analyst, espn, extension, mendoza, woman, signs, games


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India’s finance minister says growth target of 6% to 6.5% in 2021 is ‘realistic’

India’s finance minister said there are signs pointing to a turnaround in Asia’s third-largest economy, and the government’s growth targets for 2021 are within reach. “I say it is realistic because we’ve taken various factors on board, and expect the (government’s) revenue generation to improve, which it’s already showing signs of,” Nirmala Sitharaman told CNBC’s Tanvir Gill on Sunday. She was referring to the annual economic survey, released on Friday, that projected the economy will grow in th


India’s finance minister said there are signs pointing to a turnaround in Asia’s third-largest economy, and the government’s growth targets for 2021 are within reach.
“I say it is realistic because we’ve taken various factors on board, and expect the (government’s) revenue generation to improve, which it’s already showing signs of,” Nirmala Sitharaman told CNBC’s Tanvir Gill on Sunday.
She was referring to the annual economic survey, released on Friday, that projected the economy will grow in th
India’s finance minister says growth target of 6% to 6.5% in 2021 is ‘realistic’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-03  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, budget, finance, fiscal, target, indias, signs, minister, realistic, economy, 2021, sitharaman, revenue, governments, india, generation, growth


India's finance minister says growth target of 6% to 6.5% in 2021 is 'realistic'

India’s finance minister said there are signs pointing to a turnaround in Asia’s third-largest economy, and the government’s growth targets for 2021 are within reach.

“I say it is realistic because we’ve taken various factors on board, and expect the (government’s) revenue generation to improve, which it’s already showing signs of,” Nirmala Sitharaman told CNBC’s Tanvir Gill on Sunday.

She was referring to the annual economic survey, released on Friday, that projected the economy will grow in the range of 6% to 6.5% in the new fiscal year that begins on Apr. 1. For those numbers to be realized, the economic output needs to see a sharp rebound after the pace of expansion slowed to a six-year low in the three months that ended in September.

Sitharaman explained that an improvement in the government’s revenue generation would enable it to invest more into infrastructure projects that could see some immediate gains as it “puts money in the hands of the people (and) core industries revive because of the demand.”

On Saturday, India announced its annual budget for the new fiscal year, where Sitharaman committed 2.83 trillion rupees (almost $40 billion) for agriculture and rural development and lowered personal income tax brackets. Some economists said the budget “failed to live up to expectations.”

“The budget was big on messages and did a good job of laying out the government’s vision of the Indian economy,” Priyanka Kishore, head of India and Southeast Asia economics at Oxford Economics, wrote in a note. “But it delivered little in terms of an action plan to support sagging domestic demand.”

Citi analysts added that the broad message was that “the growth revival will have to be driven by the private sector, while government would aim to provide an enabling environment.”


Company: cnbc, Activity: cnbc, Date: 2020-02-03  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, budget, finance, fiscal, target, indias, signs, minister, realistic, economy, 2021, sitharaman, revenue, governments, india, generation, growth


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Intel stock soars to dot-com era levels even as warning signs flash for 2020 and beyond

Not since sock puppet mania of the dot-com bubble has Intel’s stock traded at such a lofty price. But even with its stock price at the highest in almost two decades, there’s plenty of reason to be cautious. “Intel is giving us mixed signals,” said Hans Mosesmann, an analyst at Rosenblatt Securities who recommends selling Intel shares and buying AMD. Revenue of $20.21 billion beat the $19.23 billion average estimate. Intel is forecasting first-quarter earnings of $1.30 per share and revenue of $1


Not since sock puppet mania of the dot-com bubble has Intel’s stock traded at such a lofty price.
But even with its stock price at the highest in almost two decades, there’s plenty of reason to be cautious.
“Intel is giving us mixed signals,” said Hans Mosesmann, an analyst at Rosenblatt Securities who recommends selling Intel shares and buying AMD.
Revenue of $20.21 billion beat the $19.23 billion average estimate.
Intel is forecasting first-quarter earnings of $1.30 per share and revenue of $1
Intel stock soars to dot-com era levels even as warning signs flash for 2020 and beyond Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-24  Authors: ari levy
Keywords: news, cnbc, companies, levels, era, revenue, intels, cloud, signs, share, earnings, soars, intel, stock, flash, amd, warning, billion, dotcom, 2020, beat


Intel stock soars to dot-com era levels even as warning signs flash for 2020 and beyond

Not since sock puppet mania of the dot-com bubble has Intel’s stock traded at such a lofty price. The shares surged 5% on Friday after the chipmaker beat Wall Street estimates and gave a rosy forecast for the first quarter.

But even with its stock price at the highest in almost two decades, there’s plenty of reason to be cautious. Intel said on Thursday’s earnings call that it will face increased competition in 2020 along with a slowdown in spending by cloud customers in the back half of the year.

“We expect total revenue to be more front-end loaded in the first half than we’ve seen historically,” George Davis, Intel’s chief financial officer, told analysts.

Intel has been suffering from supply chain problems on the PC side of its business and has been slow to develop and roll out its next-generation 10 nanometer processors, giving rival AMD an opening to gain momentum with consumer device makers as well as data center clients. Analysts at Jefferies wrote this week that Intel is at least a year behind AMD in its 10 nanometer microprocessor unit.

“Intel is giving us mixed signals,” said Hans Mosesmann, an analyst at Rosenblatt Securities who recommends selling Intel shares and buying AMD. Mosesmann acknowledged that in the short term, Intel investors will like the “beat and raise” story, but he said, “if you’re going to invest in a stock you want to see up and to the right and improving conditions, not worsening.”

In the market for data center processors, analysts at Nomura Instinet and Mizuho Securities predict AMD’s share will climb as high as 15% by the end of the year, up from about 5% in 2019 and 3% a year earlier. All of AMD’s gains are coming at the expense of Intel, which has long dominated the server chip market.

For the fourth quarter, Intel reported earnings, excluding certain items, of $1.52 per share, topping the $1.25 average estimate, according to analysts surveyed by Refinitiv. Revenue of $20.21 billion beat the $19.23 billion average estimate.

Intel is forecasting first-quarter earnings of $1.30 per share and revenue of $19 billion, beating estimates of $1.04 in earnings and $17.19 billion in revenue, according to Refinitiv. It also projected better-than-expected results for the full year, with almost all the outperformance coming in the first quarter.

Davis said on Thursday’s call that cloud customers are using Intel’s products as they expand, but added that after the first quarter the company expects “more modest capacity expansion for the remainder of the year” as cloud clients “move to a digestion phase.”

While Intel’s stock has been on a solid run, AMD has been the best performer in the S&P 500 over the past year, climbing over 160% over that stretch and closing at a record $51.71 on Thursday. In 2015, the company was so distressed that the stock sank as low as $1.62. Its recent rally has been spurred by the company’s growth in graphics, computing and enterprise chips.

— CNBC’s Jordan Novet contributed to this report.

WATCH: Intel soars on earnings


Company: cnbc, Activity: cnbc, Date: 2020-01-24  Authors: ari levy
Keywords: news, cnbc, companies, levels, era, revenue, intels, cloud, signs, share, earnings, soars, intel, stock, flash, amd, warning, billion, dotcom, 2020, beat


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It’s time to get more excited about the Chinese property sector, JP Morgan says

Home prices in China have been growing at a slower pace — but a portfolio manager at J.P. Morgan Asset Management said it’s time for investors to be more excited about the Chinese property sector. “I actually think that now is the time to get more excited about China property,” he told CNBC’s “Street Signs Asia” on Thursday. Wang’s comments came as China’s Bureau of Statistics said on Thursday that new home prices grew at their weakest pace in 17 months in December, Reuters reported. Such a slow


Home prices in China have been growing at a slower pace — but a portfolio manager at J.P. Morgan Asset Management said it’s time for investors to be more excited about the Chinese property sector.
“I actually think that now is the time to get more excited about China property,” he told CNBC’s “Street Signs Asia” on Thursday.
Wang’s comments came as China’s Bureau of Statistics said on Thursday that new home prices grew at their weakest pace in 17 months in December, Reuters reported.
Such a slow
It’s time to get more excited about the Chinese property sector, JP Morgan says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: yen nee lee
Keywords: news, cnbc, companies, china, need, prices, chinese, wang, think, months, pace, signs, excited, sector, morgan, property


It's time to get more excited about the Chinese property sector, JP Morgan says

Home prices in China have been growing at a slower pace — but a portfolio manager at J.P. Morgan Asset Management said it’s time for investors to be more excited about the Chinese property sector.

“China goes through these mini cycles in property, and the mini cycles usually have something to do with the way government policies are working … and it looks to us in the last couple of months that that policy is again loosening a bit,” said Howard Wang, head of Greater China equities at the investment giant.

“I actually think that now is the time to get more excited about China property,” he told CNBC’s “Street Signs Asia” on Thursday.

Wang’s comments came as China’s Bureau of Statistics said on Thursday that new home prices grew at their weakest pace in 17 months in December, Reuters reported. Such a slowdown has come amid broader government measures to curb speculative buying and wean the Chinese economy off its reliance on debt, which has hit real estate demand and firms in the property sector.

But Wang said signs are now pointing to better times ahead for the Chinese property sector, at least in the short term.

“When you think holistically about China, a lot of people still need to upgrade their properties, a lot of people still need to move closer to work, move from smaller cities to bigger cities. So all kinds of macro trends are in place,” he explained.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: yen nee lee
Keywords: news, cnbc, companies, china, need, prices, chinese, wang, think, months, pace, signs, excited, sector, morgan, property


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As stocks hit more and more records, there are signs traders may be getting way too euphoric

The S&P 500 has already jumped nearly 3% for 2020, rising more than 1% this week to reach fresh record highs. Historically, the S&P 500 has lost an average of 5% annually since 2006 when the composite is above 62.5, or showing excessive optimism. The S&P 500 has also gone a long time without posting a big drawdown. Still, overall S&P 500 earnings are still forecast to fall by more than 2% for the fourth quarter following last week’s reports. The forward S&P 500 price-to-earnings ratio — a widely


The S&P 500 has already jumped nearly 3% for 2020, rising more than 1% this week to reach fresh record highs.
Historically, the S&P 500 has lost an average of 5% annually since 2006 when the composite is above 62.5, or showing excessive optimism.
The S&P 500 has also gone a long time without posting a big drawdown.
Still, overall S&P 500 earnings are still forecast to fall by more than 2% for the fourth quarter following last week’s reports.
The forward S&P 500 price-to-earnings ratio — a widely
As stocks hit more and more records, there are signs traders may be getting way too euphoric Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: fred imbert
Keywords: news, cnbc, companies, way, stocks, euphoric, hit, earnings, does, signs, 500, trading, investors, market, markets, trade, traders, records, getting, davis


As stocks hit more and more records, there are signs traders may be getting way too euphoric

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2020. Brendan McDermid | Reuters

Wall Street may be getting a bit too excited about the stock market’s hot start to the new year. The S&P 500 has already jumped nearly 3% for 2020, rising more than 1% this week to reach fresh record highs. But as the market keeps going up, traders are becoming overly optimistic about equities, data compiled by Ned Davis Research shows. The Ned Davis Daily Trading Sentiment Composite — which measures how optimistic or pessimistic traders are — currently sits at 80, squarely in “excessive optimism” territory. The measure also hit its highest level since June 2018 recently. Historically, the S&P 500 has lost an average of 5% annually since 2006 when the composite is above 62.5, or showing excessive optimism.

Ned Davis Research’s data is not the only one showing potential euphoria in the market, either. Other experts point out that valuations are at historic highs on some measures while earnings expectations are lackluster at best. Some also note trade tensions between China and the U.S. could flare up once again even after the signing of a phase one agreement. If investors are not careful, they could suffer steep losses after the market’s recent rally. “Shorter-term sentiment is extremely optimistic,” Ned Davis, senior investment analyst and founder of Ned Davis Research, said in a note. “Investors tend to be optimistic entering a new year, with lots of inflows to IRA’s and pension plans, but this still shows very high and rising short-term risks.” Equities have largely refused to go down in 2020 thus far. Through 12 trading days this year, the S&P 500 has closed lower just four times. The biggest of those four declines came on Jan. 3, when the broad average slid 0.7%. The S&P 500 has also gone a long time without posting a big drawdown. The average’s last one-day pullback of at least 1% happened Oct. 8, when it plunged more than 1.5%. That amounts to 70 trading days since the market’s most-recent 1% drop.

Make no mistake, this market move is NOT normal, and is NOT something which should be able to continue technically into and through February without a major hiccup. Mark Newton managing member, Newton Advisors

Investors have been lifting stock prices since mid-October amid hopes that China and the U.S. would strike some sort of trade deal. Those expectations materialized on Wednesday, with both sides signing a so-called phase one trade agreement. However, the deal does not remove existing U.S. tariffs on Chinese goods. It also lets the Trump administration raise tariffs targeting China if the country does not hold up its end of the deal. These aspects of the agreement have led some market analysts to call it “fragile” as the possibility for more levies remains. Still, the market continues to notch record highs. “There’s a lot of momentum in the market right now. I think people are looking for something to kind of bring us down a little bit,” said Christian Fromhertz, CEO of The Tribeca Trade Group. “How does that end? We don’t really know.” That momentum has been provided in large part by mega-cap stocks such as Microsoft, Apple and Google-parent Alphabet. Microsoft and Apple are both trading around record highs, while Alphabet’s market capitalization broke above $1 trillion for the first time on Thursday. “Risk wise there is not necessarily any fundamental that could tip things, but I do think sentiment has gotten a bit frothy,” said Liz Ann Sonders, chief investment strategist at Charles Schwab. “That in it of itself doesn’t suggest a problem for the market, but it does establish some vulnerability than if investors were more skeptical.”

Strong earnings needed

This recent run-up also puts more pressure on corporate earnings. The corporate reporting season kicked off last week with big banks such as J.P. Morgan Chase, Citigroup, Morgan Stanley and Bank of America all posting quarterly numbers that exceeded expectations. In all, about 8.7% of S&P 500 companies have reported earnings thus far. Of those companies, 72% have posted calendar fourth-quarter earnings that beat analyst expectations, FactSet data shows. Still, overall S&P 500 earnings are still forecast to fall by more than 2% for the fourth quarter following last week’s reports. Without solid earnings growth, it will be hard for investors to justify the market’s high valuations. “While equities are clearing enjoying a strong period of momentum and investors obviously seem comfortable w/higher multiples, it’s hard to see the present ~19x valuation sustaining,” wrote Adam Crisafulli, founder of Vital Knowledge.

The forward S&P 500 price-to-earnings ratio — a widely used valuation metric on Wall Street — currently sits around 18.6, its highest level since January 2018. Meanwhile, the market cap-to-GDP ratio — which measures the stock market’s size relative to the economy — is at an all-time high. To be sure, Piper Sandler’s Craig Johnson points out that just because the market is overbought, it does not mean this bullish trend will end any time soon. “Historically, overbought conditions can persist for meaningful periods before either a time or price correction develops,” he said.

January 2018 redux?


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: fred imbert
Keywords: news, cnbc, companies, way, stocks, euphoric, hit, earnings, does, signs, 500, trading, investors, market, markets, trade, traders, records, getting, davis


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Carlos Beltran is out as New York Mets manager as the MLB cheating fallout continues

Carlos Beltran talks after being introduced as manager of the New York Mets during a press conference at Citi Field on November 4, 2019 in New York City. The New York Mets announced Thursday that manager Carlos Beltran will leave the team after he was named in the MLB report on the Houston Astros sign-stealing scandal. Considering the circumstances, it became clear to all parties that it was not in anyone’s best interest for Carlos to move forward as Manager of the New York Mets.” Beltran, who p


Carlos Beltran talks after being introduced as manager of the New York Mets during a press conference at Citi Field on November 4, 2019 in New York City.
The New York Mets announced Thursday that manager Carlos Beltran will leave the team after he was named in the MLB report on the Houston Astros sign-stealing scandal.
Considering the circumstances, it became clear to all parties that it was not in anyone’s best interest for Carlos to move forward as Manager of the New York Mets.”
Beltran, who p
Carlos Beltran is out as New York Mets manager as the MLB cheating fallout continues Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: william feuer
Keywords: news, cnbc, companies, york, season, manager, continues, cheating, carlos, mlb, signs, report, beltran, mets, astros, fallout, team


Carlos Beltran is out as New York Mets manager as the MLB cheating fallout continues

Carlos Beltran talks after being introduced as manager of the New York Mets during a press conference at Citi Field on November 4, 2019 in New York City.

The New York Mets announced Thursday that manager Carlos Beltran will leave the team after he was named in the MLB report on the Houston Astros sign-stealing scandal.

“We met with Carlos last night and again this morning and agreed to mutually part ways,” Mets COO Jeff Wilpon and general manager Brodie Van Wagenen said. “This was not an easy decision. Considering the circumstances, it became clear to all parties that it was not in anyone’s best interest for Carlos to move forward as Manager of the New York Mets.”

“At a meeting this morning with Jeff and Brodie we mutually agreed to part ways,” Beltran said in a statement. “I’m grateful to them for giving me the opportunity, but we agreed this decision is in the best interest of the team. I couldn’t let myself be a distraction for the team.”

Beltran, who played for the Houston Astros in the 2017 season, joined the Mets as manager in November. He is the third manager to be removed after MLB Commissioner Robert Manfred’s investigation.

The Astros fired team manager A.J. Hinch and general manager Jeff Luhnow on Monday, hours after the report was published and the MLB brought one-year suspensions on both men. On Tuesday, the Boston Red Sox fired then-manager Alex Cora, who was the Astros’ bench coach in 2017.

In the commissioner’s report on the scandal, Beltran is the only player identified as being involved in the Astros’ scheme to steal pitch signs in the 2017 season, after which Beltran retired. The Astros won the World Series in 2017. The team continued stealing signs in the 2018 season.

“Approximately two months into the 2017 season, a group of players, including Carlos Beltrán, discussed that the team could improve on decoding opposing teams’ signs and communicating the signs to the batter,” the report says. “Cora arranged for a video room technician to install a monitor displaying the center field camera feed immediately outside of the Astros’ dugout.”

The league has yet to release the results of an investigation into allegations that the Cora-led Red Sox used technology to steal signs in the 2018 season. The Red Sox won the World Series in 2018.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: william feuer
Keywords: news, cnbc, companies, york, season, manager, continues, cheating, carlos, mlb, signs, report, beltran, mets, astros, fallout, team


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Trump signs ‘phase one’ trade deal with China in push to stop economic conflict

Through the deal, the Trump administration aims to resolve some longstanding American concerns about Chinese trade abuses. President Donald Trump signed a partial trade deal with China on Wednesday as the world’s two largest economies try to contain an economic struggle. The Chinese leader called the trade deal “good for China, for the U.S. and for the whole world,” according to a translation. In other words, we’re negotiating with the tariffs,” Trump said. Still, the White House has said it wil


Through the deal, the Trump administration aims to resolve some longstanding American concerns about Chinese trade abuses.
President Donald Trump signed a partial trade deal with China on Wednesday as the world’s two largest economies try to contain an economic struggle.
The Chinese leader called the trade deal “good for China, for the U.S. and for the whole world,” according to a translation.
In other words, we’re negotiating with the tariffs,” Trump said.
Still, the White House has said it wil
Trump signs ‘phase one’ trade deal with China in push to stop economic conflict Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: jacob pramuk
Keywords: news, cnbc, companies, stop, phase, house, signs, trade, chinese, economic, deal, push, trump, conflict, agreement, tariffs, white, china


Trump signs 'phase one' trade deal with China in push to stop economic conflict

U.S. stocks rose Wednesday before the deal signing. Trump signed off on the agreement after lengthy remarks dishing on impeachment, golf, his 2016 victory, stock market gains, the Federal Reserve’s interest rate policy and July 4 fireworks.

Here are some of the deal’s core pieces ( read the full agreement here ):

The president signed the deal as the House prepared to send articles of impeachment to the Senate and kick-start a trial on whether to convict Trump and remove him from office.

The president said the U.S. and China are “righting the wrongs of the past and delivering a future of economic justice and security for American workers, farmers and families.” He added that the deal has “total and full enforceability.”

The deal takes steps to root out several practices that irked the White House and bipartisan members of Congress, including intellectual property theft and forced technology transfers, in exchange for Chinese market access, according to text released by the White House. It also details a $200 billion increase in Chinese purchases of U.S. goods over two years — a priority for Trump.

Through the deal, the Trump administration aims to resolve some longstanding American concerns about Chinese trade abuses. However, the accord appears to leave questions about how Washington and Beijing will enforce its terms and prevent further tensions.

President Donald Trump signed a partial trade deal with China on Wednesday as the world’s two largest economies try to contain an economic struggle.

President Donald Trump and Chinese Vice Premier Liu He shake hands after signing the “phase one” of a US China trade agreement, in the East Room of the White House, Wednesday Jan. 15, 2020, in Washington.

The president thanked administration officials, Republican lawmakers, Republican megadonor Sheldon Adelson, Fox Business Network host Lou Dobbs, former Secretary of State Henry Kissinger and current and former businessmen Steve Schwarzman, Nelson Peltz and Hank Greenberg, among dozens of people he recognized. Chinese officials stood silently next to the U.S. delegation as Trump spoke for nearly an hour before Chinese Vice Premier Liu He delivered a message from Chinese President Xi Jinping.

The Chinese leader called the trade deal “good for China, for the U.S. and for the whole world,” according to a translation. He wrote that “in the next step, the two sides need to implement the agreement in earnest.”

The phase one agreement marks a major step in efforts to rein in a more than 18-month trade war between Washington and Beijing. Trump has pushed to crack down on what he calls China’s abusive trade practices and follow through on one of his core campaign promises.

Investors have looked for signs the U.S. and China want to dial back a tariff crossfire that threatens to wallop the global economy. The deal signed Wednesday brings some welcome relief for businesses that feared the duties — though the bulk of them will stay in place.

“We’re leaving tariffs on, but I will agree to take those tariffs off if we are able to do ‘phase two.’ In other words, we’re negotiating with the tariffs,” Trump said.

U.S. Trade Representative Robert Lighthizer told reporters Wednesday that the agreement has “real teeth” to address China’s trade practices, adding that the U.S. will be able to tell by the spring whether it is enforceable. He said American tariffs on Chinese goods will help the administration enforce the accord.

The U.S. aims to start talks on a second piece of the deal before the presidential election in November, Lighthizer said. Last week, Trump said he “might want to wait to finish ’til after the election, because by doing that, I think we can make a little bit better deal, maybe a lot better deal.”

Under the agreement, the Trump administration scrapped tariffs initially set to take effect last month. It also agreed to cut duties on $120 billion in products to 7.5%.

Still, the White House has said it will leave tariffs on another $250 billion in Chinese products in place for now. On Wednesday, Treasury Secretary Steven Mnuchin said a second phase of the agreement that the U.S. hopes to strike could include more tariff relief.

“Just as in this deal there were certain rollbacks, in phase two there will be additional rollbacks,” he said, adding that China has “a big incentive to get back to the table and agree to the additional issues that are still unresolved.”


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: jacob pramuk
Keywords: news, cnbc, companies, stop, phase, house, signs, trade, chinese, economic, deal, push, trump, conflict, agreement, tariffs, white, china


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