The S&P 500 was up 0.5 percent to 2,063 for the week, and is now up nearly 11 percent from its October lows. The S&P also had its best five-week winning streak since April 2009, and some analysts say its recent gains may take some of the steam out of a potential late December rally.”We beat the Christmas rush and […]
Bloomberg TelevisionGoldman Sachs’ David KostinSee AlsoGOLDMAN: Here Are The 15 Best Stocks For Fat Dividends And Huge BuybacksGOLDMAN: Everybody In Texas Is Resigned To Lower Oil PricesUBS On Stocks: ‘Roll Tide, Roll…’Goldman Sachs equity strategist David Kostin is out with his 2015 outlook for the S&P 500.Kostin’s price target: 2,100.This equates to a roughly 5% return for the benchmark stock […]
Akin Oyedele
Nov. 17, 2014, 6:32 PM
3,485
Screenshot via Bloomberg TVDavid RosenbergSee AlsoROSENBERG: Bear Markets Don’t Just Happen — They’re Caused By These Two ConditionsMORGAN STANLEY: Here Are The 45 Best Stocks For The Long Run6 Hustles Warren Buffett Used To Make $53,000 By Age 16Gluskin Sheff’s David Rosenberg doesn’t see a bear market in stocks any time soon.But this doesn’t mean […]
Akin Oyedele
Nov. 17, 2014, 6:32 PM
4,589
Screenshot via Bloomberg TVDavid RosenbergSee AlsoROSENBERG: Bear Markets Don’t Just Happen — They’re Caused By These Two ConditionsMORGAN STANLEY: Here Are The 45 Best Stocks For The Long Run6 Hustles Warren Buffett Used To Make $53,000 By Age 16Gluskin Sheff’s David Rosenberg doesn’t see a bear market in stocks any time soon.But this doesn’t mean […]
Benchmarks finished almost flat on Friday as Eurozone’s soft GDP data offset encouraging economic reports. Decline in healthcare stocks also eroded some of Friday’s gains. However, higher crude oil prices boosted energy shares. The meager gains helped the S&P 500 extend its record high. Moreover, benchmarks managed to register weekly gains for a fourth straight week.For a look at the […]
US Stock MarketDavid R. KotokCumberland AdvisorsFor a while we said the US was the “least worst” investment alternative in the world. And that used to be hotly disputed. The present global outlook may require the most strenuous doubters to reconsider.Sure, we have a lot of work to do. And the fiscal, energy, tax, geopolitical, and social policies of our country are […]
It sounds repetitive but Wednesday was yet another day with some morning pressure which led to dip buyers showing up later in the session; this is what you want to see in a bull market. The S&P 500 fell 0.07% while the NASDAQ gained 0.31%. There has been very little news in the U.S. this week but European indexes were […]
Financial MarketsChina stocks surged and led the most of Asian shares higher on Monday, after regulators announced a long-awaited stock trading link between Hong Kong and Shanghai will start next week. The Shanghai Composite Index advanced 2.3% to the highest level since November 15, 2011, while the Hang Seng Index gained 0.8%. The so-called Stock Connect trading scheme will allow […]
REUTERS/Heino KalisStock market bulls are back in control.Something has changed in the stock market. In early October, bond yields fell, stocks dropped, and people began throwing out comparisons to the violent stock market crash of 1987. But since the October 15 bottom, stocks have rallied back to new record highs, but the reasons why make Bank of America Merrill Lynch strategist Michael […]
Here is an Elliot Wave technical analysis on EUR/USD from Goldman Sachs for the week ahead (report dated 07 November 2014).—EURUSD has met its minimum target for a 5th wave…The minimum target for wave 5 of 5 from May comes in at 1.2395; the low has been 1.2358
This level is a 1.00 multiple of wave 1 and, if held as […]
