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☆ A famed economist who called the 2008 recession warns stocks look 'eerily similar' to how they did before their 25% drop in 2022 — and says the US economy is still heading for a downturn
▼ + stars: | 2024-01-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He is the founder of Rosenberg Research and the former chief economist at Merrill Lynch — and he called the 2008 recession. Rosenberg ResearchRosenberg's model takes into account stock valuations, investor sentiment, market technicals, investor positioning, and macro fundamentals. Here's The Conference Board's Leading Economic Index, which bundles together manufacturing data, bond and stock market performance, housing market activity, and consumer sentiment data. The economy doesn't jump from a tight labor market to layoffs," Rosenberg said in a note on Friday. Labor market and inflation data in the months ahead will tell the story for the US economy.

Persons: David Rosenberg, Merrill Lynch —, Rosenberg, It's, —, Louis, GMO's Jeremy Grantham, Societe Generale's Albert Edwards Organizations: Rosenberg Research, Business, Research, Federal Reserve Bank of St, CNN, National Federation of Independent Businesses, Rosenberg, Societe Generale's, Federal, Labor, CPI

☆ Sell the hype: A trade that wins if bitcoin retreats now that an ETF is finally here
▼ + stars: | 2024-01-12 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

Asset managers, as well as investors, have been hoping for a spot bitcoin ETF for more than a decade. The reluctant approval from the SEC follows many years of rejections and delays of various attempts to launch a spot bitcoin ETF for public investing. After that legal ruling, money managers had significant confidence heading into 2024 for this spot bitcoin ETF vehicle to come to fruition. The trade In order to express my bearish view on bitcoin, I will use COIN as a proxy to bitcoin. I can hedge my long bitcoin exposure, define my risk in the trade, and also reduce hedging costs.

Persons: bitcoin Organizations: SEC Locations: United States

☆ Jim Cramer hits the charts for a closer look at the yield curve's impact on investors
▼ + stars: | 2023-12-05 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer hits the charts for a closer look at the yield curve's impact on investors'Mad Money' host Jim Cramer digs into technicals for the yield curve and mega-cap tech stocks including Tesla, Apple and Disney.

Persons: Jim Cramer Organizations: Apple, Disney Locations: technicals

☆ Bad news will be bad news next year, says BTIG's Jonathan Krinskey
▼ + stars: | 2023-12-01 | 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 EmailBad news will be bad news next year, says BTIG's Jonathan KrinskeyJonathan Krinskey, BTIG, joins 'Closing Bell' to discuss this season's laggards and the technicals he's expecting for next year.

Persons: Jonathan Krinskey Jonathan Krinskey

☆ Gold scales 6-month peak on softer dollar, Fed pause bets
▼ + stars: | 2023-11-27 | by ( Harshit Verma | ) www.reuters.com time to read: +2 min

Spot gold was up 0.5% at $2,010.99 per ounce by 0758 GMT, after hitting its highest since May 16. U.S. gold futures rose 0.4% to $2,011.70. Reuters Graphics"What's moving gold at the moment is the lower U.S. dollar because of the recent soft data," said Kyle Rodda, a financial market analyst at Capital.com. The dollar index (.DXY) edged down 0.1% against its rivals, not far from a more than two-month low level touched last week, making gold less expensive for other currency holders. Recent data showing signs of slowing inflation in the U.S. has boosted expectations that the Fed could begin easing monetary conditions sooner than expected.

Persons: Alexander Manzyuk, Kyle Rodda, Rodda, CME's, Wang Tao, Harshit Verma, Janane Venkatraman, Sherry Jacob, Phillips Organizations: REUTERS, U.S, PCE, Federal, Reuters, Fed, Traders, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru

☆ Renaissance Macro's Jeff deGraaf gives the technical take for 2024
▼ + stars: | 2023-11-27 | 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 EmailRenaissance Macro's Jeff deGraaf gives the technical take for 2024Jeff deGraaf, Renaissance Macro Research chairman, joins 'Closing Bell' to discuss the market setup and the technicals he's seeing.

Persons: Jeff deGraaf Organizations: Macro

☆ Wall Street is set to wrap up a strong month next week as stocks gun for new highs
▼ + stars: | 2023-11-24 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Wall Street is set to wrap up a strong month next week as stocks gun for new highs heading into year end. The Nasdaq Composite is on pace to close out the month with a double-digit advance, up 10%. In contrast to September and October, which are typically weak periods for stocks, the seasonal patterns are now in favor of equities. This week, LPL Financial's Adam Turnquist pointed out that more than half, or 55%, of S & P 500 stocks closed above their 200-day moving average. It's set to show a rise of 0.2%, down from the 0.7% rise in the prior month, according to FactSet consensus estimates.

Persons: Stephen Suttmeier, Sam Stovall, That's, CFRA's Stovall, What's, LPL, Adam Turnquist, Turnquist, Wolfe, Rob Ginsberg, Ginsberg, Morningstar's Dave Sekera, Sekera, Morningstar's Sekera, Salesforce, Gartner Organizations: Nasdaq, Bank, Treasury, Costco Wholesale, Kroger, New, Dallas Fed, Richmond Fed, Hewlett Packard Enterprise, NetApp, Intuit, PCE Deflator, Chicago PMI, PMI, Manufacturing, Dominion Energy, Cboe, Cardinal Health Locations: Chicago

☆ Treasuries see first weekly outflow since Feb as investors buy stocks
▼ + stars: | 2023-11-17 | by ( Lucy Raitano | ) www.reuters.com time to read: +2 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. Cash funds saw inflows of $20.5 billion, BofA said, and overall investors bought $2.6 billion in bonds, marking a sixth week of inflows. Outflows from emerging markets debt continued for the 16th week, with EM funds shedding $1.6 billion in the latest week. BofA's bull & bear indicator, a measure of market sentiment, rose marginally to 1.7 from 1.6, a contrarian "buy" signal, said BofA.

Persons: Kevin Lamarque, Cash, BofA, financials, Lucy Raitano, Amanda Cooper, Chizu Organizations: Department of, U.S . Treasury, REUTERS, Treasury, Bank of America, Investors, Federal Reserve, Thomson Locations: Washington , U.S, U.S, United States, Europe

☆ Lakers take down Grizzlies for third straight win
▼ + stars: | 2023-11-15 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/126] Nov 14, 2023; Los Angeles, California, USA; Los Angeles Lakers guard Austin Reaves (15) with guard Max Christie (10) before playing against the against the Memphis Grizzlies at Crypto.com Arena. The Lakers improved to 5-0 at home this season, while two victories in their win streak have come during in-season tournament games. Xavier Tillman and Desmond Bane each scored 15 points for the Grizzlies, who don't play again until Saturday at San Antonio. The Grizzlies' Bane and the Lakers' Russell also were assessed technicals. Los Angeles also grabbed its first halftime lead of the season, going up 74-51 at the break by shooting 55.6 percent from the field.

Persons: Austin Reaves, Max Christie, Gary A, Vasquez, D'Angelo Russell, Rui Hachimura, Anthony Davis, LeBron James, Russell, James, Santi Aldama, David Roddy, Xavier Tillman, Desmond Bane, Steven Adams, Brandon Clarke, Achilles, Derrick Rose, Ja Morant, Marcus Smart, Luke Kennard, Davis, Aldama, Bane, Los Angeles Organizations: Los Angeles Lakers, Memphis Grizzlies, Crypto.com, NBA, Lakers, Grizzlies, Clippers, San, Thomson Locations: Los Angeles , California, USA, Los Angeles, San Antonio, Los

☆ Disney's fundamentals aren't great but the technicals look good, says Virtus' Joe Terranova
▼ + stars: | 2023-11-15 | 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 EmailDisney's fundamentals aren't great but the technicals look good, says Virtus' Joe TerranovaJoe Terranova, Kari Firestone, Jenny Harrington, and Jim Lebenthal join 'Halftime Report' to discuss the Fed's impact on the economy, where consumer spending is heading, and more.

Persons: Virtus, Joe Terranova Joe Terranova, Kari Firestone, Jenny Harrington, Jim Lebenthal

☆ Stock market technicals lining up in favor of investors, says iCapital's Anastasia Amoroso
▼ + stars: | 2023-11-13 | 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 EmailStock market technicals lining up in favor of investors, says iCapital's Anastasia AmorosoJoe Terranova, Anastasia Amoroso, Sarat Sethi, and Steve Weiss join 'Halftime Report' to discuss the upcoming CPI report, the outlook for interest rates, and more.

Persons: iCapital's Anastasia Amoroso Joe Terranova, Anastasia Amoroso, Sarat Sethi, Steve Weiss Organizations: Email

☆ Howard: Technicals indicate the current rally may not be sustainable
▼ + stars: | 2023-11-07 | 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 EmailHoward: Technicals indicate the current rally may not be sustainableVance Howard, CEO and Portfolio Manager of Howard Capital Management, discusses where the markets are headed in the coming weeks.

Persons: Vance Howard Organizations: Howard, Howard Capital Management

☆ A prudent way to bet on a bounce in Apple following its post-earnings decline
▼ + stars: | 2023-11-03 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

Apple has kept up with the Nasdaq 100's outperforming year and continues to deliver alpha per the 3 year look back. The tech giant reported $383.29 billion in sales for the full fiscal year, down about 3% from the prior year. Apple recorded $22.31 billion in services revenue, outpacing analyst expectations and increasing more than 16% from a year earlier. Selling a call spread will help me in capturing my view as long as Apple does not move up more than 10% from here. A bear call Spread The option strategy that I will utilize is selling a call spread better known as a bear call spread .

Persons: Apple Organizations: Apple, Nasdaq, Microsoft, U.S Locations: China

☆ Take advantage of this stock market correction and another quarter of strong earnings by making these 10 moves now, according to top strategists at 4 investment firms
▼ + stars: | 2023-11-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The S&P 500 is down 7% since the start of September and briefly entered correction territory from its summer high last week. However, strategists say these threats are mostly priced into stocks, but higher earnings aren't. After three straight quarters of contracting profits, both BofA and UBS expect earnings to grow at least 3% year-over-year in Q3. "Within the context of our expectations for a continued choppy backdrop, we are incrementally more positive," Lerner wrote in a late October note. Truist's more constructive view on equities is based on strong results so far in Q3, Lerner wrote.

Persons: Oppenheimer, Savita Subramanian, Marcelli, David Lefkowitz, Lefkowitz, John Stoltzfus, Stoltzfus, Keith Lerner, Lerner, it's, Truist, Mark Haefele Organizations: Bank of America, UBS, Bank of America's, Equity, UBS Global Wealth Management, Federal Reserve, Israel, Oppenheimer Asset Management Locations: Israel, Ukraine, Truist, Real, Charlotte

☆ JPMorgan's Jason Hunter breaks down the technicals of the major indices
▼ + stars: | 2023-10-30 | 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 EmailJPMorgan's Jason Hunter breaks down the technicals of the major indicesJason Hunter, JPMorgan head of technical strategy, joins 'Closing Bell' to take a deep dive into the key levels of the markets.

Persons: Jason Hunter, JPMorgan

☆ A cautious way to bet on a bounce in one of the broken 'Magnificent Seven' stocks
▼ + stars: | 2023-10-27 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

The so-called Magnificent Seven group of stocks, which rose together for most of 2023, are starting to break-up this earnings season. The Magnificent Seven constituents (Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla) have been the main performance drivers in the S & P 500 index all year. The super-duper seven have added almost $4 trillion in market cap in 2023 alone while collectively as a group contributed roughly 90% of the S & P 500's 2023 gain. I want to focus on one of the high-flying Magnificent Seven names: Tesla . Using the SPDR S & P 500 ETF (SPY) , traders saw the 200-day violated at $422 and Relative Strength Indicator levels have now been slammed into oversold territory.

Persons: Microsoft's, Tesla, TSLA Organizations: Microsoft, Meta, Nvidia, Investors, Elon Musk's EV

☆ Analysis: US stock market technicals suggest possible rebound as earnings, CPI loom
▼ + stars: | 2023-10-11 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The S&P 500 has slid about 5% since reaching its late-July high, but so far this month the benchmark index has rebounded. In 12 of those times the S&P 500 was higher six months later, Turnquist said. Reuters GraphicsStocks have tended to perform well at year end -- with November and December logging the second and third-biggest average S&P 500 monthly gains -- though this year the trends may portend even more favorably. That was followed by a 28% rally in the S&P 500 through late July of this year. Further, notes Delwiche, stock market breadth has been weak.

Persons: Brendan McDermid, Ed Clissold, Ned Davis, Clissold, Adam Turnquist, Turnquist, Willie Delwiche, Delwiche, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal, Thursday’s U.S, Ned, Ned Davis Research, LPL, Reuters Graphics, American, of, Mount Research, NYSE, Nasdaq, Thomson Locations: New York City, U.S

☆ The economy is on track for lower rates and lower stocks, says Worth Charting CEO
▼ + stars: | 2023-10-04 | 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 EmailThe economy is on track for lower rates and lower stocks, says Worth Charting CEOCarter Worth, Worth Charting founder and CEO, joins 'The Exchange' to discuss oil market technicals, timing the yield curve correction, and challenging the inverse relationship between crude oil and the dollar.

Persons: Carter Worth Organizations: Worth

Last trading at $7,990 per metric ton, London copper is now within sight of the year-to-date lows of $7,867-7,871 recorded in late May. Investment fund positioning on CME copper contractBEARS FLEX MUSCLES ON CMEFund positioning on the CME copper contract has oscillated between long and short for several months as the price chopped around in a sideways range. Outright long copper positions have been slashed from 63,665 contracts at the start of September to 35,050 as of the Sept. 26 close. Net positioning has shifted to a collective short of 3,051 contracts, just shy of the 3,228-contract peak 2023 short in June. It's worth noting that the "other financial" reporting category, which includes index funds, is still in modest net long territory.

Persons: Kim Hong, Alexandra Hudson Organizations: REUTERS, Fund, London Metal Exchange, Investors, Investment, CME, Bulls, Reuters, Alexandra Hudson Our, Thomson Locations: Gunsan, South Korea, London, U.S, United States, Tuesday's

☆ After a rough third quarter, here's what to expect from technology stocks into the end of 2023
▼ + stars: | 2023-10-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

2023's surge in technology stocks fizzled in September as rising rates put a heavy dent in the artificial intelligence-fueled rally . Over the next few weeks, Deepwater Asset Management's Gene Munster is keeping an eye on September's consumer price index and nonfarm payrolls report ahead of the start of big technology earnings later in the month. "The good news is that this should right itself once the September quarter earnings come up." Sean Sun, a portfolio manager at Thornburg Investment Management, likened the earnings season to a "gut check" on AI beneficiaries. But these drawdowns could offer opportunities for long-term investors to snatch up technology bets at bargain prices, said Nancy Tengler.

Persons: what's, behemoths, Street's, Gene Munster, Erika Klauer, Sean Sun, Paul Meeks, Nancy Tengler, Meeks, Klauer Organizations: Nasdaq, Reserve, Enphase, Lucid, ASML, Netflix, Apple, Microsoft, Devices, Nvidia, Tech, Thornburg Investment Management, Laffer, Investments, ServiceNow, Adobe, Broadcom, Oracle, Meta, Jennison, AMD

☆ Chart Master: Digging into the sectors that have sold off this year
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChart Master: Digging into the sectors that have sold off this yearCarter Worth, Worth Charting, and the 'Fast Money' traders talk recent sector sell offs and dig into the technicals.

Persons: Carter Worth

☆ The S&P 500 can get to 4,825 by year-end, says Piper Sandler's Craig Johnson
▼ + stars: | 2023-09-20 | 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 S&P 500 can get to 4,825 by year-end, says Piper Sandler's Craig JohnsonCraig Johnson, Chief Market Technician at Piper Sandler, discusses what the technicals are telling him about a potential year-end rally.

Persons: Piper Sandler's Craig Johnson Craig Johnson, Piper Sandler

☆ Tracking the technicals for the most expensive stocks
▼ + stars: | 2023-09-13 | 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 EmailTracking the technicals for the most expensive stocksJessica Inskip, OptionsPlay director of product, joins 'Power Lunch' to discuss the technical support for the most expensive stocks.

Persons: Jessica Inskip

☆ Consolidation in energy is limiting upside potential, says Piper Sandler's Craig Johnson
▼ + stars: | 2023-09-06 | 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 EmailConsolidation in energy is limiting upside potential, says Piper Sandler's Craig JohnsonCraig Johnson, Piper Sandler's chief market technician, joins 'Power Lunch' to discuss the technicals case for Accenture's AI upside, consolidation patterns in energy stocks and Fluor seeing a normal correction to the uptrend due to US onshoring efforts.

Persons: Piper Sandler's Craig Johnson Craig Johnson, Piper

☆ 'The pendulum swung too far this summer': Morgan Stanley's stock chief warns it's time to take a risk-off approach to the market given the recent rally — and shares 3 trades to pile into instead
▼ + stars: | 2023-09-06 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

He likes "defensive growth stocks," industrials, and energy stocks. Morgan Stanley's Mike Wilson says the stock market's rally is likely running out of steam, and quickly. Also, on technicals, market breadth — or the share of stocks participating in the rally — is still weak. Morgan StanleyIn addition to over-extended technicals, Wilson said deteriorating fundamentals threaten the market. In particular, he's concerned about "real" consumer spending growth — or growth that accounts for inflation — which he and Morgan Stanley economists believe will dip negative year-over-year in the fourth quarter of 2023.

Persons: Mike Wilson, Morgan Stanley's Mike Wilson, Let's, Wilson, Morgan Stanley Organizations: bank's, Equity ETF, Vanguard Energy Locations: technicals, delinquencies

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