– Dow Could Top 30,000 Soon, Impending Recession is “Greatly Exaggerated”

By CCN Markets: The stock market has been booming, so don’t be surprised if the Dow soars to 30,000 within the next 12 months. That’s the bullish projection of several Wall Street veterans, including Skybridge Capital’s Troy Gayeski. Gayeski is a partner and co-chief investment officer at New York investment firm Skybridge Capital. He says there’s more than a 25% chance that the Dow will clear 30,000 by the first quarter of 2020. Gayeski says investors shouldn’t get discouraged by the constant barrage of negative headlines screaming about an impending stock market crash. Banker: FOMO Could Fuel Near-Term Stock Market

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Tesla’s Stock Has Surged 22% on This $2 Trillion Market Opportunity

By CCN Markets: Tesla’s stock is making a fast and furious comeback in June. That’s good news for shareholders after TSLA spent the first half of 2019 suffering crippling losses. Now the famed electric automaker’s stock is on the rebound. The stock is up 22% for the month. Does Wall Street Have Tesla’s Stock All Wrong? Tesla’s massive losses have led investors to fear an impending cash crunch. The company had to widen its junk bond spread to record levels this spring. With fears mounting over Tesla’s distressed credit history and the looming threat of a trade war with China,

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Dow Ekes Out Gains Without Rate Cut as Defiant Powell Defends His Job

By CCN Markets: The Dow Jones Industrial Average was meandering in and out of positive territory as investors digested a fascinating Federal Reserve meeting. In the end, stocks managed to hold onto gains, with the Dow closing at 26,504, up fractionally. By keeping rates on hold, Chairman Jerome Powell faced his first-ever dissenter. St. Louis Fed President James Bullard voted for a rate cut. Could the Fed chair’s job be at risk? Dow Fails to Rally The lack of direction in the Dow was likely due to the fact that the Fed was split down the middle over its interest

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Dow Ekes Out Gains Without Rate Cut as Defiant Powell Defends His Job

By CCN Markets: The Dow Jones Industrial Average was meandering in and out of positive territory as investors digested a fascinating Federal Reserve meeting. In the end, stocks managed to hold onto gains, with the Dow closing at 26,504, up fractionally. By keeping rates on hold, Chairman Jerome Powell faced his first-ever dissenter. St. Louis Fed President James Bullard voted for a rate cut. Could the Fed chair’s job be at risk? Dow Fails to Rally The lack of direction in the Dow was likely due to the fact that the Fed was split down the middle over its interest

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Dow’s Meteoric Rally to Record Highs Now Hinges on the Fed

By CCN Markets: The Dow and broader U.S. stock market extended their rally Wednesday morning following news that the United States and China will resume trade negotiations ahead of a key presidential summit in Japan next week. The Dow’s return to record highs now hinges on the Federal Reserve, which is set to wrap up its June policy meeting in the next few hours. Dow Extends Rally; S&P 500, Nasdaq Follow All of Wall Street’s major indexes traded higher after the open, reflecting a fairly upbeat pre-market for Dow futures. The benchmark Dow Jones Industrial Average climbed 48.03 points, or

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Trump Will Sign a Trade Deal If the Dow Hits This Crisis Level

By CCN Markets: Most analysts think Donald Trump would rather ink a trade deal with China than let the stock market fall. But the big question is, how far would the Dow Jones and S&P 500 have to collapse before Trump steps in? According to a survey by Bank of America Merrill Lynch, the key level for money managers is the December 2018 stock market low. Dow Jones crisis point – 21,792 S&P 500 crisis point – 2,351 Trump will sign trade deal if Dow falls 16% The survey, which polled US money managers with a total $528 billion under

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Stock Market Is Booming but UBS Strategist Warns ‘Fed Put’ Lost Power

By CCN Markets: The stock market is close to record-setting highs, yet one Wall Street strategist says don’t believe the Fed hype. UBS Group’s head of equity strategy, Francois Trahan, has a warning for investors – the Fed doesn’t pack quite the same punch as it used to. According to Trahan cited in CNBC, the “Fed Put” on the stock market, which Haas School of Business at the University of California, Berkeley describes as “strong accommodation following poor stock returns,” is no longer a reliable gauge. “When it comes to U.S. stocks, the Fed put is dead. In the past

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Dow Spikes 150 Points as Central Banks Pump Easy Monetary Policy

By CCN Markets: The Dow and broader U.S. stock market opened sharply higher on Tuesday after European Central Bank (ECB) officials signaled that a new round of stimulus was on the horizon. Dow Surges After Open All of Wall Street’s major indexes opened higher on Tuesday, reflecting a strong pre-market fro Dow futures. The Dow Jones Industrial Average surged 152.64 points, or 0.6%, to 26,265.17. The broad S&P 500 Index of large-cap stocks advanced 0.6% to 2,908.03. Gains were primarily concentrated in communication services, energy and health care stocks. On the opposite side of the ledger, financials and materials opened

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Dow Creeps Higher but Fearful Wall Street Money Managers Exit Stocks Fast

By CCN Markets: Dow Jones futures rose on Tuesday, but money managers on Wall Street aren’t convinced the stock market rally has longevity. Billion-dollar investors are pulling money out of stocks and piling into cash, according to a survey by Bank of America Merrill Lynch. The investors, who manage $528 billion between them, are also cycling into defensive investments and treasury bonds. It’s a sure sign that investors are building defensive portfolios in the face of trade war fears and weak economic data. Dow creeps higher on hopes of Federal Reserve rate cut As of 6.44 am ET Tuesday, Dow

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Tesla Stock Mysteriously Jumps after Elon Musk Tweets to ‘Delete Twitter’

By CCN Markets: Skepticism was the response on Monday as news spread that Elon Musk had deleted his Twitter account. Just deleted my Twitter account — Elon Musk (@elonmusk) June 17, 2019 The problem is the account of the Tesla and SpaceX CEO still appeared active some 18 hours later. On CNBC’s Fast Money Monday, analysts discussed Musk’s move possibly being the result of market forces rather than Musk’s own decision. As you know, Musk has gotten into some serious problems with the SEC over his tweets. In addition, shareholders are growing weary over them, largely because they can move

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