Tesla Inc plunged 18.3% and was set for its worst day in nearly six months after the electric-car maker was excluded from a group of companies being added to the S&P 500.Still, market participants said they did not expect a prolonged sell-off against the backdrop of an accommodative monetary policy by the Federal Reserve, which last week indicated a higher toleration for inflation rising above 2%. … [Read more...] about Slump in Tesla, Apple hits Wall Street as tech rout deepens
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Moneycontrol.com - News! The Dow to Bounce HigherDow finally breached the 20,000 mark on Jan 25, this year as predicted by our article in the last year (The rise and rise of the Dow, written on Dec 20, 2016). The Trump phenomenon which had created the momentum through the months of November and December faded post the inauguration speech and the controversial executive orders which followed. Wall Street was buoyed by better than expected earnings from both the financial sector, the tech industry and specifically for the Dow on Jan 25, the strong gains seen in the Boeing and Caterpillar shares post their earnings announcement. From the start of this week though, Dow has slipped off the highs seen, trading just below around 19700 mark. There are concerns that the recent executive orders by Trump will likely slow the flow the talent into the country and raise geopolitical tensions, which has dented sentiment on Wall Street. Specifically for the pharmaceutical industry and even a lot of … [Read more...] about The Dow to Bounce Higher
With oil prices firmly above $50 and the momentum in demand both from the US and China, inflation is set to tend higher across the globe. Copper seems to be the commodity of choice as a hedge against inflation rather than gold, since it naturally tends to rise and even do better than Gold, the traditional hedge against inflation (See article in Investing Haven on this). Secondly, Trump is likely to put together a strong plan to boost infrastructure spending in the US, driven primarily by a fiscal stimulus, in the second half of the year which would strongly support Copper prices. It is likely that Copper prices would continue to move up in anticipation of the same, barring the possibility that Trumps presidency itself becomes uncertain, which looks unlikely given the support that he currently has. … [Read more...] about Copper shines in reflation trade
She is closed off and keeps her thoughts to herself, especially in her relationships with her mother, a local fishmonger, and fiancée, an aspiring model. As for her background, that’s in-between too: “My French origins were still a source of gossip even though it was twenty-three years since my father had seduced my mother and then vanished without a trace.” … [Read more...] about Book review: A French novel of bleak interior and exterior landscapes
Market participants are however, cautious largely because tax cuts and deregulation have already been priced in, with the rally through the last three months. Recent executive orders by Trump, which will likely slow the flow the talent into the country and raise geopolitical tensions, did prove to be a setback to the feel good sentiment, but has not been enough to really dent the rally. Further, Dallas FED President Robert Kaplan reiterated the FED view, for sooner rather than later rate hikes, This along with recent upbeat US economic data have spiked rate hike chances in March to 50%. Higher interest rates will support bond markets, which could prompt an outflow from equities. … [Read more...] about Dow Heading To More Record Highs?