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☆ The stock market could soon reverse its 'borderline miraculous rally' and retest June lows, UBS's Art Cashin says
▼ + stars: | 2022-11-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

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.

☆ I still think we'll retest the equity market lows, says UBS's Art 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 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.

☆ Binance just bought FTX. Here's how rumors of insolvency and fears of contagion led Sam Bankman-Fried into a deal.
▼ + stars: | 2022-11-09 | by ( Phil Rosen | ) www.businessinsider.com time to read: +8 min

Here's the short of it: The once-top-dog crypto firm, FTX, helmed by 30-year-old billionaire Sam Bankman-Fried, is being bought by Binance amid significant liquidity issues and rumors of insolvency. But Binance CEO Changpeng "CZ" Zhao seemed to think saving a floundering FTX was worth the risk of any future downside. CoinDesk published a revealing report on November 2 about the crypto trading firm Alameda Research, another branch of Sam Bankman-Fried's empire. It turns out that the trading firm held billions of dollars' worth of FTX's native token, FTT. Anthony Georgiades, co-founder of blockchain company Pastel Network told me he doesn't think Binance is too concerned about making those investors whole again at this point.

☆ A former BlackRock stock chief shares 9 stocks he's bullish on right now as he warns the market is due to retest recent lows amid the Fed's ongoing hawkishness
▼ + stars: | 2022-11-08 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Amid a poor-return environment for the broader market, he shared what he's looking for in stocks. Stocks dropped quickly on Wednesday afternoon after the hike was announced and as Powell reiterated the FOMC's hawkish intentions. "We've had a nice little run here in the stock market — it's the third double-digit percentage gain since the bear market started," Doll said. 9 stocks Doll likes right nowWith Doll's outlook being that the broader market is doomed to a range-bound near-term future, he said he's focusing on so-called quality stocks — firms with quality income statements, balance sheets, and management teams. Doll also listed quality stocks in the health maintenance organization (HMO) space.

☆ EXCLUSIVE Cheniere seeks 18 months to upgrade LNG turbines that failed pollution tests-document
▼ + stars: | 2022-11-08 | by ( Nichola Groom | ) www.reuters.com time to read: +3 min

Cheniere is one of only two LNG providers with turbines subject to the rule, according to U.S. Environmental Protection Agency (EPA) data. He asked the state for 18 months to make changes to and retest the turbines. In the meantime, the company said it would take steps to minimize formaldehyde emissions, including taking a turbine offline or replacing components. In September, Cheniere submitted test results to Texas regulators that showed formaldehyde emissions at that facility were well below the EPA threshold. Cheniere has big plans to expand the Texas and Louisiana plants in coming years.

☆ El Paso High School students may have to retake SATs after tests fly out of UPS truck
▼ + stars: | 2022-11-05 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Students at a Texas high school may have to retake the SATs after test papers flew out of a UPS truck. El Paso High School seniors were made aware of the situation earlier this week. "El Paso ISD is working closely with the College Board to determine a remedy for the El Paso High School students whose SAT exams were lost in transit after they were securely submitted to UPS," spokesperson Liza Rodriguez said. "We are currently working with El Paso High School to provide options for the impacted students." Student Body President Zyenna Martinez told KTSM that she is more concerned about the personal information on the missing tests.

☆ With Fed over, the midterm election next week is new anxiety point for markets
▼ + stars: | 2022-11-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

After the bizarre Fed press conference yesterday, there was much chest-thumping from the punditry class loudly trumpeting how much they knew — just knew — that the move off the recent lows was nothing but a bear market rally. "A retest of the October lows, particularly Growth centric NDX [Nasdaq 100], becomes base case," Julian Emanuel, a senior managing director at Evercore ISI, said. For strategists and analysts, the psychological effect may be earnings estimates will continue to come down, something Haefele acknowledged. "We now expect global earnings per share to fall by 3% in 2023, versus the bottom-up consensus for 5% growth," Haefele said. While the November Fed meeting does clear away some uncertainty (the VIX dropped Wednesday), the election next week is the next anxiety point for the markets.

☆ Stocks could continue to break higher as Apple, big tech report earnings in week ahead
▼ + stars: | 2022-10-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The three major averages closed higher Friday, with the S & P 500 adding 2.37% to close at 3,752.75. Stovall said the S & P 500 had six positive moves of 1% or more in the last 17 trading days, as of Friday. Earnings, earnings, earnings About 150 S & P 500 companies report earnings in the coming week. Technically speaking Scott Redler, partner with T3Live.com, said he is watching a formation in the S & P 500 that could be positive. His first target for the S & P 500 is 3,800.

☆ FOREX Dollar holds near 32-year peak vs yen despite intervention risks; sterling licks wounds
▼ + stars: | 2022-10-19 | by ( Kevin Buckland | ) www.reuters.com time to read: +5 min

The dollar pushed as high as 149.395 yen overnight for the first time since August 1990, before last trading at 149.305 in the Asian session. read moreThe dollar index - which measures the currency against six peers including the yen, sterling and euro - added 0.2% to 112.19, after dropping to the lowest since Oct. 6 at 111.76 overnight. Meanwhile, sterling was little changed at $1.1318, licking its wounds after a 0.34% decline in the previous session. Economists in a Reuters poll predict another 75 basis-point rate hike from the European Central Bank on Thursday of next week. The currency last traded 0.08% higher at $0.56905, close to the previous session's two-week high of $0.5719.

☆ Dollar firm near 32-peak vs yen despite intervention risks; sterling treads water
▼ + stars: | 2022-10-19 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

The euro hovered close to a two-week high. read moreThe dollar, which currently reigns as the safe-haven currency of choice, has sagged this week amid the bear rally in equities globally following some upbeat earnings. read moreThe euro was about flat at $0.9857, hanging just under Tuesday's high of $0.98755, a level last seen on Oct. 6. read moreThe New Zealand dollar remained elevated following Tuesday's blowout consumer price data, which raises expectations for continued aggressive tightening by the Reserve Bank. The currency last traded 0.19% higher at $0.5695, close to the previous session's two-week high of $0.5719.

☆ Dollar holds near 32-peak versus yen despite intervention risks; sterling licks wounds
▼ + stars: | 2022-10-19 | by ( ) www.cnbc.com time to read: +4 min

The dollar pushed as high as 149.395 yen overnight for the first time since August 1990, before last trading at 149.305 in the Asian session. Meanwhile, sterling was little changed at $1.1318, licking its wounds after a 0.34% decline in the previous session. Economists in a Reuters poll predict another 75 basis-point rate hike from the European Central Bank on Thursday of next week. The New Zealand dollar remained elevated following Tuesday's blowout consumer price data, which raises expectations for continued aggressive tightening by the Reserve Bank. The currency last traded 0.08% higher at $0.56905, close to the previous session's two-week high of $0.5719.

☆ October is a historically strong month for bitcoin, but price action this month has been oddly lackluster
▼ + stars: | 2022-10-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The month of October, celebrated as "Uptober" by long-time crypto investors, has historically churned out some big gains for bitcoin. In seven of the last 10 years, bitcoin has posted a positive month. For four of the last six years, ether has ended the October trading month higher, according to Kaiko. Bitcoin was lower for the month by 0.3% as of Tuesday, while ether was down 1.4%, according to Coin Metrics. "Crypto market volatility has dipped to multi-year lows over the past month, with bitcoin's 20-day volatility now equal to that of the Nasdaq equity index," Kaiko head of research Clara Medalie told CNBC.

☆ This stock market rally has some staying power but there's one big obstacle
▼ + stars: | 2022-10-18 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

As yields rose from just under 4% Tuesday morning, the stock market rally lost some steam. That should help stocks rally into year end, but he expects the yield to rise again next year, challenging the market. But he is encouraged by the strength of the rally and says there's a chance this could be the start of a new bull market. "You could always side conservatively and assume it's a bear market rally," he said. But he is also watching the market day-to-day, and expects it is in a bear market rally, rather than a new bull trend.

☆ The biggest takeaway from Bank of America's earnings, and what it means for the broader stock market
▼ + stars: | 2022-10-17 | by ( Michael Santoli | ) www.cnbc.com time to read: +4 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. There has been no net downside since June 16 even with yields higher, earnings expectations slipping and recession anticipation becoming entrenched. And the S & P has not even bounced back to Friday morning's high at this point, so it could be simply a bit more noisy, untrustworthy action. This market has many issues, but the valuation of the typical stock is no longer one of the top ones. Here we see year-ahead P/E ratios for the S & P 500, equal-weighted S & P 500 (back near late-2018 lows) and S & P 600 Small Cap (near Covid crash low).

☆ Stockton: The S&P 500 is in a decisive breakdown below the summertime lows
▼ + stars: | 2022-10-12 | 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 EmailStockton: The S&P 500 is in a decisive breakdown below the summertime lowsFairlead Strategies founder Katie Stockton discusses whether the markets will retest the June lows, why commodities continue to offer some opportunities, and reveals her biggest short position right now.

☆ Bitcoin holds steady at $19,000 amid growing signs of institutional adoption
▼ + stars: | 2022-10-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin on Tuesday floated at the $19,000 level, where it has remained for about a month with some momentary breaks. The largest cryptocurrency by market cap, whose volatility has been uncharacteristically low in recent weeks, was last lower by 0.7% at $19,074.31, according to Coin Metrics. Crypto prices remain depressed, with bitcoin off its all-time high from nearly a year ago by more than 70%. Though recent bitcoin volatility is low compared with stocks, the correlation between the two is still high. Prices held steady even after two big announcements signaling that institutional acceptance and adoption of crypto continues to build in spite of the bear market.

☆ UK gilts slump as government fails to woo investors
▼ + stars: | 2022-10-10 | by ( Andy Bruce | ) www.reuters.com time to read: +3 min

The finance ministry also announced that a civil servant with extensive budgetary experience, James Bowler, will head its staff. The sharp rise in yields was specific to Britain, as French, German and Italian bonds showed much smaller increases in yields. "The gilts market may be vulnerable this week as the end date for the BoE interventions nears," Rabobank analysts said. In the index-linked market, yields were mostly up more than 60 bps on the day across all bonds with a maturity of 10 years or more. Total offers were far below the 10 billion pounds the BoE said it was open to buying.

☆ Year-end rally hopes are starting to get dashed. What history tells us about what comes next
▼ + stars: | 2022-09-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Investors are holding their breath as the Dow Jones Industrial Average and the S & P 500 head toward a retest of their 2022 lows this week, the final week of trading for September. By contrast, November and December are typically strong months but — with the market off so much already year to date — the chances of a year-end rally now look less likely, according to Ned Davis Research. "How quickly the economy and earnings decelerate will probably determine whether a year-end rally is possible," said Ed Clissold, Ned Davis' chief U.S. strategist. "Historically speaking, the fact that the market is down year to date makes a year-end rally less likely but not highly improbable." However, "when the S & P 500 has been down through September, it has risen only 54.8% of the time by a median of 2.3%."

☆ Feared stock market bottom retest is now underway
▼ + stars: | 2022-09-24 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The first 60% reading was not at the decisive market low, though a year after each of them stocks were higher. The S & P index, maybe, at just under 16-times forecast profits, with some cross-asset models saying it should be perhaps two multiple points cheaper. Outside of the five largest S & P 500 names (Apple, Microsoft, Alphabet, Amazon and Tesla), the rest of the index is closer to a 14 multiple, with the equal-weighted S & P around 13. The three-year S & P 500 total return is still 9% annualized, meaning the bear hasn't yet really cut into muscle for longer-term investors. We'll see how this all plays into the feared market retest now underway.

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 13, 2022. Goldman Sachs cut its year-end 2022 target for the benchmark S&P 500 index (.SPX) by about 16% to 3,600 points, a 4.2% decline from current levels. read moreThe CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to 28.72 points. Meanwhile, Fed Chair Jerome Powell is set to give opening remarks on the transition to the post-pandemic economy at an event at 2 p.m. On the data front, investors will closely monitor flash reading on business activity data from S&P Global at 09:45 am ET.

☆ What Cramer is watching Friday — 2-year yield unstoppable as stocks to retest mid-June lows
▼ + stars: | 2022-09-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Our trusted S & P Oscillator is at a minus 7. Goldman cut its year-end S & P 500 target to 3,600 from 4,300. Darden Restaurants (DRI), parent of Olive Garden and LongHorn Steakhouse, had its price target lowered $2 to $129 by Deutsche Bank. Morgan Stanley is concerned that Advanced Micro Devices (AMD) will miss numbers, so it cut its price target to $95 per share from $102. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks could continue skittish trading until interest rate move calms down
▼ + stars: | 2022-09-23 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

The S & P 500, Dow and Nasdaq were all down sharply for the week. The S & P was down 4.6%, ending the week at 3,693. Fed Vice Chair Lael Brainard , St. Louis Fed President James Bullard , San Francisco Fed President Mary Daly and Fed Governor Michelle Bowman are among the speakers. Other global central banks joined the Fed in raising rates, and interest rates around the world rose in tandem. If those levels break, the S & P could touch 3,385 before the selling is over, he said.

☆ Buy these 'free cash flow favorites' as the S&P 500 prepares to test the June lows
▼ + stars: | 2022-09-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Evercore ISI analysts recommend "patient accumulation" of its collection of free cash flow favorites. The stocks on its list are geared toward value, have strong free cash flow and shareholder return profiles and lower volatility. Here are 10 of the names: Synchrony Financial has generated a free cash flow (FCF) yield of 47.5% over the past 12 months and a shareholder return of 28.8% over same period. GoDaddy and Dell Technologies are among the smaller names by market cap on the Evercore ISI list. GoDaddy's free cash flow yield is about 7.5% while Dell's is 9.6%.

☆ Investors should brace for 'unsettling volatility' and the S&P 500 is headed back to June lows as dysfunction is growing across markets, Mohamed El-Erian says
▼ + stars: | 2022-09-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Markets need to brace for "unsettling volatility," Mohamed El-Erian told CNBC on Friday. The top economist predicted the S&P 500 could retest June lows due to signs of dysfunction in US Treasuries and money markets. But you just can't avoid the macro factor right now," he said in an interview on CNBC on Friday, predicting that the S&P 500 was set to retest lows near 3,600. The S&P 500 already made a start downwards since the Fed delivered another 75-basis-point rate hike on Wednesday, when stocks notched their steepest one-day decline since the pandemic. "They can create very unsettling volatility, not just volatility," he said, noting that turmoil in Treasurys is structural and has largely been exposed to the Fed's quantitative easing, which doubled its balance sheet to $8.9 trillion.

☆ Futures steady after Fed-driven selloff
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. The three main indexes finished more than 1.7% down on Wednesday, with the Dow (.DJI) posting its lowest close since June 17. The Nasdaq (.IXIC) and S&P 500 (.SPX), respectively, ended at their lowest point since July 1 and June 30. Worries about the impact of aggressive interest rate hikes on the economy and corporate profits have left the benchmark S&P 500 less that 4% away from its mid-June low, its weakest point of the year. ET, Dow e-minis were up 147 points, or 0.49%, S&P 500 e-minis were up 17.25 points, or 0.45%, and Nasdaq 100 e-minis were up 48.75 points, or 0.42%.

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