A stock-market correction is coming, but don’t ‘head for the hills yet’, says BNY Mellon

April 12, 2019 By: adminbackup

After days of dull stock action, we’re seeing signs of life as earnings season kicks off. China blasted out pretty upbeat exports data Friday, setting the tone for what could be an upbeat day, helped by upbeat results out of J.P. Morgan and Wells Fargo.The S&P barely budged this week ahead of earnings season as investors avoided taking risks - the index is up 15% so far this year....

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Dow rises more than 150 points after big gains in Disney and JP Morgan

By: adminbackup

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Market Digests Trade, Brexit News Ahead of Bank Earnings Reports

April 11, 2019 By: adminbackup

(Thursday Market Open) As investors appear to be awaiting the ramp-up of earnings season with bank quarterly reports tomorrow, they have some incremental geopolitical news to digest. Trade negotiations between the United States and China continue. U.S. Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China have “pretty much agreed” on an enforcement mechanism, and the Wall...

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Uber releases its long-awaited IPO filing

By: adminbackup

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Bulls Hold Near-Term Support

By: adminbackup

U.S. markets closed higher for the 2nd-straight week following a positive Friday and progressive trade talks with China along with a goldilocks jobs report. President Trump said the two sides were making swift progress in trade talks, adding we should know over the next 4 weeks if an agreement can be reached.Chinese Vice Premier Liu He also stated a new consensus has been reached by both parties...

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Goldman Sachs says chance of a recession is now just 10%

By: adminbackup

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