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☆ WSJ Opinion: The China, Russia Threat on Alaska's Coast
▼ + stars: | 2023-08-14 | by ( Wsj Opinion | ) www.wsj.com time to read: 1 min

WSJ Opinion: The Trouble With the Latest Trump Indictment Review and Outlook: Special counsel Jack Smith's latest indictment is based on a broad and novel theory of fraud against the U.S. and serves the Democratic goal of making the 2024 election a referendum on Jan. 6, 2021. Images: Jane Rosenberg/Reuters/AP Composite: Mark Kelly

Persons: Jack Smith's, Jane Rosenberg, Mark Kelly Organizations: U.S, Democratic, AP

☆ WSJ Opinion: Joe and Hunter Biden's Ukraine Entanglement
▼ + stars: | 2023-08-12 | by ( Wsj Opinion | ) www.wsj.com time to read: 1 min

Persons: Jack Smith's, Jane Rosenberg, Mark Kelly Organizations: U.S, Democratic, AP

☆ A former BlackRock stock chief shares 3 indicators that tell him it's too early to abandon his recession call despite the economy's strength — and warns the stock market's rally is doomed for a revers
▼ + stars: | 2023-08-12 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

The inverted yield curve and The Conference Board's LEI are two indicators that inform his view. Instead, investors should be paying attention to indicators like the Treasury yield curve, The Conference Board's Leading Economic Index, and money growth. Here's the yield curve. And the start of a recession typically comes a bunch of of months after the yield curve inverts. The yield curve didn't invert until less than a year ago.

Persons: Bob Doll, LEI, Doll, Wall, — Bank of America's Michael Gapen, Michael Feroli —, we're, Louis, It's, Rosenberg Research's David Rosenberg, Piper Sandler's Michael Kantrowitz, Greg Boutle, Tom Lee Organizations: Federal Reserve, — Bank of America's, Crossmark Global Investments, BlackRock, Conference, Federal Reserve Bank of St, Fed, Louis Investors, Deutsche Bank, Bloomberg, BNP, Institute for Supply, Institute for Supply Management, of Labor Statistics Locations: Wells

He had a blank expression as he was led out of the courtroom in handcuffs by members of the U.S. A July 20 article in the New York Times contained excerpts from Ellison's personal Google documents prior to FTX's collapse. She described being "unhappy and overwhelmed" with her job and feeling "hurt/rejected" from her personal break-up with Bankman-Fried. Sassoon said the defendant would be able to access an internet-enabled laptop there to review evidence to prepare for trial. Reporting by Luc Cohen in New York; Editing by Jonathan Oatis, Noeleen Walder and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, District Judge Lewis Kaplan's, Caroline Ellison, Kaplan, Ellison, Barbara Fried, nodded, Joseph Bankman, Fried, Jane Rosenberg Bankman, Palo, Mark Cohen, Bankman, Cohen, Danielle Sassoon, Sassoon, Luc Cohen, Jonathan Oatis, Noeleen, Rosalba O'Brien Organizations: U.S, District, New York Times, Alameda Research, U.S . Marshals, Stanford University, REUTERS, Prosecutors, Times, Brooklyn's Metropolitan Detention, Correctional, Thomson Locations: U.S, Manhattan, Alameda, United States, New York, Palo Alto , California, New York City, Brooklyn's, Putnam

☆ Top economist David Rosenberg says Bill Ackman's bet against Treasurys could end as badly as his Herbalife wager
▼ + stars: | 2023-08-11 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

David Rosenberg took a jab at billionaire investor Bill Ackman for his bet against US Treasurys. His view contrasts to Ackman who revealed he's shorting 30-year US Treasurys as a hedge against high inflation. That contrasts to Ackman's view of stubbornly high inflation, which has led him to short US Treasurys. Bond prices tend to have an inverse relationship to interest rates. When interest rates go up, bonds usually fall.

Persons: David Rosenberg, Bill Ackman, Ackman, he's, Rosenberg, Fran Fed's Organizations: US, Service, Rosenberg Research, Reserve, Ackman's, Federal Reserve Bank of San, Federal Reserve, Pershing, stoke Locations: Wall, Silicon, Federal Reserve Bank of San Francisco

☆ The sizzling stock rally is under threat, and company profits could shrink as consumers feel the squeeze, JPMorgan strategist says
▼ + stars: | 2023-08-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

2023's blistering stock rally is under threat, according to a top JPMorgan Asset Management strategist. The impact of banking chaos could soon start to weigh on stocks, David Lebovitz said. Ahead of Thursday's inflation report, Lebovitz also commented on company margins and whether sticky costs will weigh on firms' pricing power. "When we look at the consumer, the consumer looks fine today, but the consumer is beginning to bend. That's going to undermine the pricing power that's allowed a lot of these companies to keep their heads above water," he added.

Persons: David Lebovitz, Lebovitz, that's, David Rosenberg Organizations: JPMorgan Asset Management, Service, Bloomberg, Nasdaq Locations: Wall, Silicon

☆ Student-loan payments and steeper interest rates will pave way for a severe consumer-led recession, top economist David Rosenberg says
▼ + stars: | 2023-08-09 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

The resumption of student loan payments combined with interest-rate hikes will fuel a consumer-led recession, David Rosenberg warned. Rosenberg has been bearish on markets and the US economy for a while, and has faced backlash over it. After a three-year pause, the federal government will start charging interest on federal student-loan balances once more, and student-loan borrowers will start making payments again in October. The loan repayments, combined with higher interest rates, threaten to to trigger a consumer slowdown, Rosenberg said in a CNBC interview. So, I think that it's going to be consumer-led," Rosenberg said, speaking about a prospective recession.

Persons: David Rosenberg, Rosenberg, Joe Biden's, " Rosenberg, he's Organizations: Service, CNBC, Fed Locations: Wall, Silicon

☆ Everybody Hates Mitch McConnell
▼ + stars: | 2023-08-08 | by ( Andy Laperriere | ) www.wsj.com time to read: 1 min

Images: Jane Rosenberg/Reuters/AP Composite: Mark KellyIt has been an eventful and depressing few weeks. Donald Trump was indicted again. Hunter Biden ’s outrageous plea agreement blew up. Some Democrats now admit President Biden was probably involved in Hunter’s business dealings. But my thoughts keep going back to when Senate Minority Leader Mitch McConnell froze before the cameras.

Persons: Jack Smith's, Jane Rosenberg, Mark Kelly, Donald Trump, Hunter Biden ’, Biden, Fitch, Mitch McConnell Organizations: U.S, Democratic, AP

☆ High rates will lead to a consumer-lead recession, more severe than people think: David Rosenberg
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh rates will lead to a consumer-lead recession, more severe than people think: David RosenbergDavid Rosenberg, Rosenberg Research, joins 'Fast Money' to talk the day's market action, what's ahead for the economy and the impacts of the aggressive rate hiking cycle.

Persons: David Rosenberg David Rosenberg, Rosenberg Organizations: Rosenberg Research

REUTERS/Quinn GlabickiA White House spokesperson said Biden "continues to support moving away from the use of private detention facilities in the immigration detention system." One facility evaluated as part of the Biden administration review was Stewart Detention Center, a Georgia lockup operated by the private prison company CoreCivic (CXW.N). The administration has scaled back immigration detention in some ways. ICE often pays to maintain a fixed number of beds at detention centers regardless of whether they are actually used. But just six months later, the company signed a contract to reopen the same complex as a 1,900-bed immigration detention center.

Persons: Quinn Glabicki PHILIPSBURG, Joe Biden, watchdogs, Alejandro Mayorkas, Biden, Donald Trump, Mayorkas, lockups, Quinn Glabicki, Stewart, Ryan Gustin, Winn, Quinn Glabicki Ruben Dario, didn't, Ryan Horvath, Richwood, BIDEN, Trump, Biden's, Jose Gordo, Angela Kelley, Kelley, Boy Sonkarlay, Erika Guadalupe Nunez, Ted Hesson, Mica Rosenberg, Kristina Cooke, Aurora Ellis Organizations: Processing, GEO Group, U.S . Immigration, Customs, REUTERS, Democratic, Immigration, Customs Enforcement, Biden, American Civil Liberties Union, ACLU, Reuters, ICE, Companies, Republican, Trump, White, U.S . Department of Homeland Security, Stewart Detention, Winn Correctional Center, LaSalle Corrections, Richwood Correctional, LaSalle, Reuters Graphics Reuters, BI, ICE Processing Center, GEO, Visitors, Thomson Locations: Philipsburg , Pennsylvania, U.S, Pennsylvania, Mexico, Georgia, Louisiana, Mississippi, LaSalle, Argentine, Spanish, California, Liberian, Philadelphia, Philipsburg, Washington, New York

☆ WSJ Opinion: The Trouble With the Latest Trump Indictment
▼ + stars: | 2023-08-05 | by ( Wsj Opinion | ) www.wsj.com time to read: 1 min

WSJ Opinion: The Trouble With the Latest Trump Indictment Democrats want Mr. Trump to be the Republican nominee, and Mr. Smith (whether he intends it or not) is making that outcome more likely. By WSJ Opinion Aug 03, 2023 11:59 pm Review and Outlook: Special counsel Jack Smith's latest indictment is based on a broad and novel theory of fraud against the U.S. and serves the Democratic goal of making the 2024 election a referendum on Jan. 6, 2021. Images: Jane Rosenberg/Reuters/AP Composite: Mark Kelly Read: Another Troubling Trump Indictment

Persons: Trump, Smith, Jack Smith's, Jane Rosenberg, Mark Kelly Read Organizations: Trump, Republican, U.S, Democratic, AP

☆ Chris Christie Prosecutes the Political Case Against Trump
▼ + stars: | 2023-08-05 | by ( Kyle Peterson | ) www.wsj.com time to read: 1 min

Images: Jane Rosenberg/Reuters/AP Composite: Mark KellyChris Christie has a theory for how to defeat Donald Trump: Attack him. If that sounds like something out of “Elections for Dummies,” it remains mostly untested in the 2024 Republican contest, which Mr. Trump leads with 53% support, according to Friday’s RealClearPolitics average. “Nobody else in this race is willing to take him on,” Mr. Christie says. “They all are either playing for a position in a potential Trump cabinet, or they just don’t have the ability to do it. And there’s no way to beat this guy unless you beat him.”

Persons: Jack Smith's, Jane Rosenberg, Mark Kelly Chris Christie, Donald Trump, Trump, Mr, Christie, “, ” Organizations: U.S, Democratic, AP, Republican, Trump

☆ More firms on Wall Street are bracing for a stock sell-off. Here's why JPMorgan, Wells Fargo, and others say the market's huge gains are at risk.
▼ + stars: | 2023-08-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Some Wall Street analysts are sounding the alarm for a coming sell-off in stocks. That comes as the S&P 500 enjoys its best year since 1927, gaining 18% from January. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. That comes as the S&P 500 enjoys one of its best years since 1927, largely thanks to Wall Street's excitement for artificial intelligence. But he sees the overall S&P 500 ending the year at 4,600-4,800, above current levels.

Persons: Eduardo Munoz JPMorgan, JPMorgan's Marko Kolanovic, Shannon Stapleton Wells, Scott Wren, Wren, Brendan McDermid, Rosenberg, David Rosenberg Organizations: Service, REUTERS, Reuters BlackRock, Rosenberg Research, Dow Locations: Wall, Silicon

☆ Stock-market investors rarely see a recession coming despite warning signals. As all the classic alarm bells ring again, this time is no different, experts say — setting investors up to get crushed.
▼ + stars: | 2023-08-05 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

The S&P 500 has rallied 17% year-to-date, but the Treasury yield curve and LEI point to a downturn. For Rosenberg, the difference is that we currently have an inverted yield curve, a recession signal that has preceded every downturn since the 1960s. An inverted yield curve means that rates on short-duration Treasurys rise higher than rates on long-duration Treasurys. The yield curve inverts often during Fed hiking cycles because short-term Treasury rates track closely along with the fed funds rate. The below chart shows the share of consecutive trading days where the yield curve has been inverted.

Persons: Piper Sandler's Michael Kantrowitz, David Rosenberg, Rosenberg, —, Here's Lacy Hunt, here's Rosenberg, Piper Sandler, Piper Sandler Kantrowitz, Kantrowitz Organizations: Rosenberg Research, Federal, Hoisington Investment Management Company, of Labor Statistics

☆ Wall Street keeps booming, but not everyone's convinced the bull market will last. Here's 6 voices of doom and gloom on US equities.
▼ + stars: | 2023-08-04 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

Here's six bearish views on the sizzling rally in equities, from Warren Buffett to David Rosenberg. From Warren Buffett to David Rosenberg, there's a chorus of market commentators throwing cold water on the fiery stock rally. That's given investors even more incentive to pile into equities, adding fuel to the stock rally. Here's 6 bearish stock market calls amid the stock market's breathless climb. Yet too many signs point to a severe stock market crash.

Persons: Warren Buffett, David Rosenberg, it's, there's, Dow Jones, Oppenheimer, Berkshire Hathaway, Buffett, Rosenberg, Tom Lee, Lee, Robert Kiyosaki, Rich Dad Poor, John Hussman, Hussman, Danielle DiMartino Booth, We're, DiMartino Booth Organizations: Service, Nasdaq, Buffett, Rosenberg Research, Reserve Locations: Wall, Silicon

See our picks for the best personal loans for bad credit >>Steps to get a loan with bad credit1. Get your most recent credit scoreIt's one thing to suspect you have bad credit, and another to know exactly how bad it is. Consider a credit unionCredit unions are a great option for those looking to get a loan with bad credit. Where to get a personal loan with bad creditYou can get a personal loan with bad credit from many banks, credit unions, and online lenders. How to get a loan with bad credit FAQsIs there really a way to get a loan with bad credit?

Persons: It's, it's, We've, Jamie Young, Young, Priyanka Prakash, Prakash, Nathalie Noisette, Experian, Holly Johnson, Johnson, Banks, Josh Goodwin, Eric Rosenberg, you'll Organizations: Service, you'll, Credit, Companies, Business, Goodwin Mortgage Group, National Credit Union Administration, Chevron Locations: Wall, Silicon

He may soon face more charges in Georgia, where a state prosecutor is investigating his attempts to overturn the election there. TRUMP STILL THE REPUBLICAN FRONT-RUNNER Trump's legal woes have done little to damage his status as Republican front-runner. The indictment describes a phone call in which Pence told Trump there was no legal basis for the theory that Pence could block certification of the election. Although Pence repeatedly told Trump he lacked the authority to reject electoral votes from certain states, Trump kept repeating the claim. On Jan. 6, as he spoke to his supporters before they attacked the Capitol, Trump said: "If Mike Pence does the right thing, we win the election."

Persons: Donald Trump, Jack Smith, Trump, Judge Moxila Upadhyaya, Joe Biden, Smith, Tanya Chutkan, Upadhyaya, Chutkan, John Lauro, Thomas Windom, Biden, Todd Blanche, Judge Moxila, Jane Rosenberg, Donald J, Fani Willis, Ron DeSantis, Mike Pence, Pence, Sarah N, Lynch, Jacqueline Thomsen, Andrew Goudsward, Luc Cohen, Jason Lange, Tim Reid, John O'Connell, Jeff Mason, Patrick McFarland, Joseph Ax, Scott Malone, Daniel Wallis, Howard Goller Organizations: U.S, U.S . Capitol, Republican, Democratic, Biden, America, Republicans, Secret, REUTERS, TRUMP STILL, Reuters, Trump, White, Justice Department, U.S . House, Capitol, Thomson Locations: Washington, Bedminster , New Jersey, Ukraine, American, United States, America, New York, Georgia, Atlanta, Florida

☆ A Wall Street titan who called the 2008 recession shares 7 top trades to make before the US economy enters into another downturn with stocks 'priced for perfection'
▼ + stars: | 2023-08-02 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Look at the Treasury yield curve and The Conference Board's Leading Economic Index, says Rosenberg, who called the 2008 recession. He added: "Even if we could argue about a recession or a soft landing, you have Nirvana priced into the stock market as an asset class right now." 7 places for returns as a recession loomsThe first place Rosenberg said he's bullish on is the Treasury market. Treasury bills have durations of one year or less, while Treasury bonds have durations of 20 years or more. The iShares MSCI Japan ETF (EWJ) is one way to invest in Japanese stocks.

Persons: David Rosenberg, Treasurys, Rosenberg, there's, he's, bullish, underperformance, Warren Buffett Organizations: Treasury, Conference, CNN, Rosenberg Research, Treasury Bond ETF, Regional Banking, Vanguard Utilities, Real, Fidelity MSCI Communication Locations: U.S, Japan

☆ Investors are making the same mistake they made during the dot-com and housing bubbles, analyst says
▼ + stars: | 2023-08-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Investors are so excited about stocks that they're missing the bigger, grimmer economic picture. Danielle DiMartino Booth said the complacency reminded her of the dot-com and housing bubbles. She pointed to a surge in bankruptcies and mounting pressures in the bank and real estate sectors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. DiMartino Booth has made it clear she's in the latter camp for now.

Persons: Danielle DiMartino Booth, We're, BNN, DiMartino Booth, Biden, Sam, Jeremy Siegel, Paul Krugman, David Rosenberg, Jeremy Grantham Organizations: Service, QI Research, BNN Bloomberg, Nasdaq, Dallas Fed, Federal Reserve Locations: Wall, Silicon

☆ Opinion: Why we should trust Trump’s judge in election-interference case
▼ + stars: | 2023-08-02 | by ( Opinion Eric Klein | Jeremi Suri | ) edition.cnn.com time to read: +8 min

Fortunately, the judge assigned to the case, US District Judge Tanya Chutkan, has the necessary experience and background to oversee a public trial that is fair and respectful, especially for this defendant. She is, in fact, a judge with an ingrained commitment to defendants’ rights and one who recognizes the danger of overly aggressive prosecutors. At PDS, Chutkan rose to the top ranks and was tasked with providing the most zealous representation to her clients, regardless of the seriousness or heinous nature of the charges. Chutkan will not decide the verdict in Trump’s trial; that will be the role for a jury of his peers. Nonetheless, we believe that all Americans should accept — as we have in past instances — that this judge is pursuing fairness and justice in the courtroom.

Persons: Eric Klein, Jeremi Suri, Mack Brown, Donald Trump, Trump, Jack Smith, Tanya Chutkan, Barack Obama, Jeremi Suri Korey Howell, she’s, Chutkan, Nicola Sacco, Bartolomeo Vanzetti, Julius, Ethel Rosenberg, O.J, Simpson, George Zimmerman, Jefferson Davis, Emmett Till, Jim Crow South, Thurgood Marshall Organizations: Johnson & Klein Law, Public Defender Service, District of Columbia, Leadership, Global Affairs, University of Texas, History Department, LBJ School, CNN, Capitol, Trump, PDS, US, Office, Department of Justice, Twitter, African Locations: Boulder , Colorado, Austin, Washington , DC, Washington ,

☆ Even Trump’s indictments haven’t shattered the deadlock between the parties. Here’s why
▼ + stars: | 2023-08-01 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

The poll found voters divided exactly in half over whether they intended to vote for Democrats or Republicans in the next Congressional election. While surveys now usually show Biden leading Trump, the president’s margin rarely exceeds his four-point margin of victory from 2020. Instead, the pandemic quickly evolved into just another front in the preexisting culture war lines of division between the parties. Yet Biden, as noted above, still maintained his 2020 lead over Trump in these seats of four percentage points. Surveys have found widespread concern among voters that Biden is too old to effectively handle the presidency.

Persons: Donald Trump’s, Trump, Joe Biden, ”, Lynn Vavreck, Franklin Roosevelt, Tony Fabrizio, John Anzalone, Biden, Fabrizio, Bill McInturff, “, ” McInturff, McInturff, Vavreck, John Sides, Chris Tausanovitch, ” Vavreck, Stormy Daniels, Anzalone, ” Anzalone, it’s Trump, Simon Rosenberg, ” Rosenberg, Rosenberg Organizations: CNN, Republican, Democratic, UCLA, Electoral College, GOP, Senate, Trump, Biden, AARP, Republicans, NBC, Bright Line, NPR, PBS, Marist, White, Whites, Democrats, Wisconsin – Locations: Anzalone, Arizona , Georgia, Michigan, Pennsylvania, Wisconsin, Trump

☆ David Rosenberg doubles down on his recession call - and reveals the wild pushback he's faced
▼ + stars: | 2023-08-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

David Rosenberg is sticking with his recession call, despite many other experts backing down. In a client memo, he shared some of the extreme pushback he's received for his gloomy forecasts. David Rosenberg, a leading economist who called both the dot-com and housing crashes, remains fully convinced the US economy is headed for a recession. Recession indicators including the inverted yield curve, The Conference Board's Leading Economic Index, and the New York Fed's recession model are still flashing red. "The impatience and tempestuousness out there do not surprise me, either, having called the markets and the economy for nearly 40 years," he continued.

Persons: David Rosenberg, he's, Michael Burry, Warren Buffett, Merrill, Rosenberg, Merrill Lynch Organizations: Service, Internet, Conference, Biden, North Locations: Wall, Silicon, Houston, York, North American

☆ Famed economist David Rosenberg says the Fed's research team laughed at him in late 2007 when he warned them a recession was coming. He says the central bank is now on the verge of sparking another do
▼ + stars: | 2023-07-31 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Economist David Rosenberg told Insider that Fed employees laughed at his recession call in 2007. On October 9, 2007, shortly before the global economy plunged into recession, David Rosenberg delivered a presentation to economists and members of the research team at the Federal Reserve detailing why a downturn was coming. The Treasury yield curve is near its most inverted levels since the early 1980s. Here's the spread between the 3-month and 10-year Treasury yields. Then there's The Conference Board's Leading Economic Index, which is in recessionary territory, marked by the red lines below.

Persons: David Rosenberg, Rosenberg, Merrill Lynch, Mr, Louis Organizations: Federal Reserve, North, Conference, Fed, Federal, Rosenberg Research, Treasury, Federal Reserve Bank of St Locations: North American

☆ Barbie's founder jokes in the 'Barbie' movie about getting in trouble with the IRS. Here's what actually happened.
▼ + stars: | 2023-07-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

The fictional Ruth Handler jokes in Greta Gerwig's "Barbie" about getting in trouble with the IRS. The real-life Handler was indicted for conspiracy and making false financial statements to the SEC. "I am Mattel," Handler, played by Rhea Perlman says in the movie. Under the settlement, around $30 million was paid to shareholders and the Handlers surrended two million Mattel shares. Handler wrote that she was "convinced" that the US Attorney's Office went after her "so aggressively" because of her gender.

Persons: Ruth Handler, Greta Gerwig's, Handler, Rhea Perlman, Barbie, Elliot, Ruth Handler's, Seymour Rosenberg, Rosenberg, Robert Takasugi Organizations: IRS, SEC, Service, Mattel, New York Times, betweeen, Securities and Exchange Commission, Bank of America, Mattel VP, Los Angeles Times, US Attorney's Locations: Wall, Silicon

☆ The Dow's latest winning streak is bad news for stocks - and a recession might be underway, top economist David Rosenberg says
▼ + stars: | 2023-07-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The Dow's recent winning streak is a worrying sign, David Rosenberg says. Rosenberg says a recession may be underway, and plunging inflation can be bad news for stocks. For the first time since January 1987, the Dow Jones Industrial Average closed in the green for 13 straight sessions before snapping its winning streak on Thursday. Stocks were up 28% at this point in 1987, Rosenberg noted. Rosenberg cautioned investors who expect stocks to soar because inflation has now slowed.

Persons: David Rosenberg, Rosenberg, Stocks, Merrill Lynch Organizations: Service, Dow Jones, Dow, Rosenberg Research, Federal, North Locations: Wall, Silicon, North American

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