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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS' Cashin: Viewers should watch Powell's prepared statement carefullyArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss what to watch in Tuesday's trading session, what Cashin made of the recent equity market test, and more.
Investors aren't paying enough attention to the risk of quantitative easing, Art Cashin told CNBC. Meanwhile, the Bank of Japan could signal a big shift soon that would also send yields higher. In September, that went up to $60 billion for Treasurys and $35 billion for MBS. And if the 10-year yield goes above 4.10%, that will put pressure on markets and cause stocks to retest lows, Cashin said. Signs of more inflationary pressures in the country may trigger a policy reversal, with Bank of Japan members meeting Thursday and Friday.
Art Cashin says the Federal Reserve can't go back to higher interest rate hikes after easing down. They went from 50 [basis points] down to 25. That follows Thursday comments from Atlanta Fed President Raphael Bostic who said he's "firmly" in favor of 25 basis point rate hikes , instead of the 50 basis point increase some other Fed officials have called for. Regardless, Cashin said he expects trouble ahead for markets, and urged investors to keep an eye on some technical levels. "It looks to me like the oversold bounce that we got out of Salesforce yesterday, the influence on the market might carry on until maybe Tuesday of next week," Cashin said.
Keep your eye on the commercial property area, says Art Cashin
  + stars: | 2023-03-03 | 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 EmailKeep your eye on the commercial property area, says Art CashinArt Cashin, director of floor operations at UBS, joins 'Squawk on the Street' to discuss his thoughts on the market and where he sees opportunity now.
Some resistance in the S&P, says Art Cashin
  + stars: | 2023-02-14 | 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 EmailSome resistance in the S&P, says Art CashinArt Cashin, Director of Floor Operations at UBS, joins 'Squawk on the Street' to break down the latest CPI number and market response.
The S & P 500 just suffered its worst week in nearly two months, stalling at a technical level that concerns many chart analysts. The loss put the S & P 500 below 4,100 at the end of last week, cutting 2023 gains to about 7%. .SPX YTD mountain S & P 500 "The SPX broke out above 4,100 in early February, but closed below it last week. He cautioned that if the S & P 500 breaks below 4,100, there could be more downside. The S & P 500 rose 0.8% on Monday, taking the benchmark above the 4,100 level.
The upside surprised a lot of veteran traders, says Art Cashin
  + stars: | 2023-02-08 | 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 EmailThe upside surprised a lot of veteran traders, says Art CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss his thoughts on the overall market and his prediction.
"The upside surprised a lot of veteran traders," he said Wednesday on CNBC's " Squawk on the Street ." The S & P 500 gained 6.2% in January, notching its best start of the year since 2019. .SPX 1Y mountain S & P 500 However, Cashin, director of floor operations for UBS Financial Services at the New York Stock Exchange, said he's skeptical that the rally has legs. He cautioned that if the S & P 500 breaks below 4,100, there could be more downside. Cashin said he's closely watching comments from regional Federal Reserve presidents, who might be more hawkish and signal more tightening action ahead.
UBS's Art Cashin isn't surprised to see stocks struggling to continue the rally seen at the start of the year. There's historically weakness in the latter half of January, he said Thursday on CNBC's " Squawk on the Street ." The rally was "new money for the new year," said Cashin, director of floor operations for UBS Financial Services at the New York Stock Exchange. The next key level he will be watching on the S & P 500 is if it falls to 3,800. This will be a key test as millions travel for the event and could spread Covid-19 and push back the country's reopening.
Watch CNBC's full interview with Arthur Cashin
  + stars: | 2023-01-19 | 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 EmailWatch CNBC's full interview with Arthur CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss his thoughts on the future of inflation, oil, and the market.
The S&P 500 shed 0.25% to end at 3,839.50. The S&P 500 sank 19.4%, and is more than 20% below its record high, while the tech-heavy Nasdaq tumbled 33.1%. Despite the yearly losses, the Dow and S&P 500 did break three-quarter losing streaks. The tech-heavy Nasdaq, however, muddled through its fourth consecutive negative quarter for the first time since 2001. Communication services was the worst performing sector in the S&P 500 this year, falling more than 40%, followed by consumer discretionary.
Art Cashin: We may have a bumpy first quarter in 2023
  + stars: | 2022-12-30 | 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 EmailArt Cashin: We may have a bumpy first quarter in 2023Art Cashin, UBS, joins 'The Exchange' to discuss his take on the markets in 2023 and relate some of his experiences on the floor of the NYSE.
But for 60 years, Art Cashin has been one of the most influential men on Wall Street. Cashin is that rare exception: a man who knows what he was talking about, and sounds like he knows. Tiffany, Cashin said, knew that Morgan loved diamond stickpins, which he used to put in his tie. How do you tell a story about the stock market? Let's get back to the story about J.P. Morgan, Tiffany, and price discovery.
Keep an eye on the 3,800 level as the market sell-off picks up once again and investors put their hopes on a yearend rally, UBS' Art Cashin told CNBC's " Squawk on the Street " on Thursday. "That one-two combination this morning has us down, testing a very important 3,800 level in the S & P," he said. The comments from Cashin come after Tepper, the founder of Appaloosa Management, told CNBC on Thursday that he's bearish on the stock market heading into 2023. The Dow Jones Industrial Average and S & P 500 fell more than 1% each, while the Nasdaq Composite was down more than 2% in late-morning trading. The S & P 500 traded around 3,808.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf S&P goes below 3,800, we may have to put Santa's face on a milk carton, says UBS's CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss Thursday morning's market action, previous December equity rallies and his thoughts on David Tepper's recent comments on U.S. equity markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArt Cashin: S&P has to hold 3,900 or new selling could happen Monday and TuesdayArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss the current market, important levels to monitor and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the S&P 200-day moving average closes below $4045, there will be negatives, says UBS' CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss Cashin's take on the market action in response to Friday's jobs data, important technical levels to monitor and more.
Investors feeling good about the latest stock rally will soon be confronted with the reality of a recession, BlackRock said. But a Fed pause likely wouldn't result in the meaningful rally markets are hoping for, Ned Davis Research previously warned, and hopes that the Fed will pause rate hikes are "optimistic," BlackRock said. We expect the Fed to pause its sharp hikes only after having caused a recession and when confronted with the economic pain. Other market commentators have noted that stock market rallies this year have been fleeting, as companies continue to face headwinds from rate hikes, a soaring US dollar, and persistently high inflation. "We need to see stocks fall more or good news of easing inflation to turn positive on stocks," strategists said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI still think we'll retest the equity market lows, says UBS's Art CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss how stock markets have absorbed the FTX news, if he gets the feeling the bottom in equities has already happened and more.
Stocks could whipsaw and retest June lows despite October's positive inflation report, Arthur Cashin said. Cashin noted that stock market rallies since June have been fleeting, and it's still a bear market. He warned a reversal could come when the VIX approaches 20, and the gauge currently clocks in at 22. Rallies since then have usually ended when the Cboe Volatility Index neared a critical level of 20, Cashin noted. The VIX—known as the stock market's fear gauge—is currently just above that threshold, clocking at 22.61 as of 1 p.m.
Watch CNBC's full interview with UBS' Arthur Cashin
  + stars: | 2022-11-11 | 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 EmailWatch CNBC's full interview with UBS' Arthur CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss how stock markets have absorbed the FTX news, and more.
The stock market is not in the clear even after an enormous rally and new signs that inflation is starting to fall, according to Wall Street veteran Art Cashin. However, Cashin said on Friday's " Squawk on the Street " that the move looked like a bear market rally and that the market could make new lows from here. In addition to low volume, Cashin said he is also watching the Cboe Volatility Index , or Vix. In the short term, Cashin said that he expects the market to continue to see big swings. He said the collapse of crypto firm FTX is causing a "soft contagion" that is holding back the rally.
Watch CNBC's full interview with UBS's Art Cashin
  + stars: | 2022-11-04 | 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 EmailWatch CNBC's full interview with UBS's Art CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss market reaction to payroll data, forces distorting the jobs model and global markets managing macro conditions.
UBS's Art Cashin says recent rally's just a bounce
  + stars: | 2022-11-04 | 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 EmailUBS's Art Cashin says recent rally's just a bounceArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss market reaction to payroll data, forces distorting the jobs model and global markets managing macro conditions.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets could be approaching an important turning point, says UBS's Art CashinArt Cashin, UBS director of floor operations, joins 'Squawk on the Street' to discuss volatility in the market opening up new possibilities, sustaining the bounce on the bear market, and the global bond landscape.
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