Tumble in tech begs the question, is the bubble bursting?

The euphoria over technology stocks came to a screeching halt on Friday. Heavy losses for companies such as Apple Inc. and Nvidia Corp. sent major stock exchanges tumbling from record highs. The declines followed a cautionary note from Goldman Sachs Group Inc. analysts who warned that low volatility of “FAAMG” stocks — Facebook Inc., Amazon.com […]

‘Horrendous storm’ to hit stocks, Wall Street not rational: David Stockman

If David Stockman is right, Wall Street should hunker down. “This is one of the most dangerous market environments we’ve ever been in. It’s the calm before a gigantic, horrendous storm that I don’t think is too far down the road,” he recently said on “Futures Now.” Stockman, who was director of the Office of […]

Amazon and Alphabet May Be Over $1,000 but the S&P 500 Could Crash 8% By the End of 2017

Wells Fargo (WFC) analysts say the S&P 500 could fall over 8% from current levels by the end of the year.  The S&P 500 currently trades at 2,436, but Wells Fargo Investment Institute’s year-end target on the broad index is between 2230-2330. Now, stocks are flirting with record highs with Amazon (AMZN)  and Alphabet (GOOGL) trading over $1,000 a […]

Markets need a 30% stock drop or 50% higher U.S. yields.

For every buyer, there’s a seller; for every winner, a loser. At least, that’s how it usually goes. Yet that hasn’t borne out in the U.S. stock and bond markets. The S&P 500 index is near a record high after gaining about 14 percent since the end of October. Meanwhile global bonds have rallied for […]

The positive momentum of EU stoxx 600 is fading

The Stoxx 600 is coming down from its opening bounce as some of the Fed-induced euphoria out of Asia seems to be fading. European stocks continue to have an advantage over their U.S. peers given their much broader advance, as I pointed out this week, though technicals are sounding some caution. The fading positive momentum […]

U.S. Investor Bulls Fall to Lowest Since Trump Election

Bulls in American Association of Individual Investors (AAII) weekly survey fall to 24%, the lowest level since Nov. 3, a week before the U.S. election, and down from 33% last week. Bears rise to 34% from 30% last week Neutrals rise to 42% from 37% Bull-Bear spread falls to -10% from +2.5% Source: Bloomberg pro […]

US indexes generated the biggest drop since September

The S&P 500 Index fell the most since Sept. 9 as the turmoil surrounding the Trump administration roiled financial markets around the world. The Dow Jones Industrial Average tumbled more than 370 points, while Treasuries rallied the most since Brexit.