Trade war truce. The U.S. and China declared a truce in the trade war, sending global markets shooting up. Commodity prices rose, as one of the key near-term downside risks to demand has been delayed, if not entirely removed. Meanwhile, last week the U.S. Federal Reserve signaled a softer stance on interest rate increases. Taken together, global financial markets have received a dramatic boost…. CLICK for complete article
It’s about two weeks since Democrats romped to a historic victory after retaking the House of Representatives in the midterm elections. The elections were marked by several milestones, including the biggest voter turnout of any midterm election as well as the biggest margin in a midterm blowout in 40 years…. CLICK for complete article
For several months now, several leading hedge fund managers and a section of Wall Street have been sounding the alarm over a looming bear market that will eventually kill the longest bull market in stocks history.
Notably, as far back as April, Morgan Stanley declared that we we’re already in the throes of a rolling bear market fueled by an impending sharp slowdown in economic growth, as well as the eventual wearing off of the Trump tax bonanza….CLICK for complete article
A Wall Street Journal report portended further troubles ahead. Apple reduced its production orders for all three of its newest iPhone models in recent weeks, WSJ said, citing people familiar with the situation.
“Lower-than-expected demand for Apple’s new iPhones and the company’s decision to offer more models have created turmoil along its supply chain and made it harder to predict the number of components and handsets it needs, the report said…. CLICK for complete article
There’s a lot of money to be made in finding love—fleeting or otherwise–for America’s lonely hearts, but the jury is out as to whether Tinder is ‘the one’.
While Tinder now boasts 4.2 million paying users and is expecting $800 million in revenue this year—way above Facebook Dating, for instance—there’s another view, as well: On Wednesday, stocks in its corporate owner, Match Group Inc. (NASDAQ:MTCH) plunged 20 percent on a weak subscriber growth forecast…CLICK for complete article
Now that the votes have been tallied from the midterm elections, investors are shifting their attention to what the fallout from the midterms will be for the stock market. The early returns on a divided Congress are positive, with the SPDR S&P 500 ETF Trust trading higher by 2 percent Wednesday.
Here’s a rundown of how analysts see a divided Congress impacting the stock market…. CLICK for complete article