U.S. Donald Trump President Donald Trump's messaging—chiefly, his tweets—aren't doing the American economy any favors, former economic officials have told the White House, according to a report this week from the Wall Street Journal. Among many other tweets about the market and economy, Trump has directly attacked the Federal Reserve, a practice avoided by other recent presidents in order to keep the Fed walled-off from politics. He compared the Fed to one of his favorite hobbies: golfing. "The only problem our economy has is the Fed," Trump tweeted on Christmas Eve. "They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!" The Journal reported that some experts think such tweets aren't helpful—wrote Peter Nicholas, Michael Wursthorn and Paul … [Read more...] about Donald Trump’s Tweets Are Destabilizing the Economy and Hurting Stock Markets, Former Economic Officials Tell White House: Report
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Investors hopped back into stocks today even after a U.S. government official told Bloomberg there's a 99% chance that the U.S. on Friday will start imposing tariffs on billions of dollars' worth of Chinese products. Apple helped the Nasdaq pace the major indexes with a nearly 1.1% gain as of 3:45 p.m. ET, while the S&P 500 was not far behind, rising more than 0.8%. X At 2736, the S&P 500 is up 2.3% since Jan. 1, following a 19.4% lift in 2017. The Nasdaq, at 7585, has advanced 9.9% year to date. In 2017, the premier index for growth companies vaulted 28.2% higher. Apple (AAPL), up 9.4% for the year, as well as chip companies spearheaded the Nasdaq's outperformance. The iPhone, iPad and digital services titan rallied nearly 0.9% and is holding up above its rising 50-day moving average, a good sign for the bulls. Apple: $911 Billion Market Cap The megacap tech, which sports a $911 billion market cap, stands 3.6% above the 179.04 buy point in a seven-week double bottom. Apple … [Read more...] about Apple Holds Up, Still In Buy Range As Nasdaq, Chips Lead Stock Market Rebound
A trade war. Rising interest rates. Anti-EU sentiment in Europe. A nuclear showdown with North Korea. After a series of worries — or even shocks — to start the year, what jolts await in the stock market forecast for the next six months? X After an unusually calm and productive 2017 for the major stock indexes, 2018 has been like a ride over sand dunes. The S&P 500 ended a 10-month winning streak in February. The market that seemed unflappable in 2017 became sensitive to headlines and faced new risks. The first tremors came Feb. 5. Stocks plunged as new inflation signs sent the yield on the 10-year Treasury note to a four-year high of 2.88%. The Nasdaq went on to slide nearly 12% in February, its worst decline in two years. For the first time since June 2016, IBD's market outlook was downgraded to "correction." The market recovered, but the volatility remains with the recent gyrations over the tit-for-tat trade drama. "We're in the late stages of one of the longest … [Read more...] about Stock Market Forecast For The Next Six Months: What Can You Expect?
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Advertisement Supported by ByKeith Bradsher June 28, 2018 SHANGHAI — Months of struggling with economic problems at home and bickering with President Trump over trade are starting to take their toll on China’s financial health. China’s stock market has now fallen close to levels not seen since a crash shocked global investors three years ago. An elite Chinese think tank affiliated with the government warned this week that the chances of a financial panic had risen significantly, shaking markets even more. Chinese officials are trying to help factories deal with American tariffs by weakening the value of the country’s currency. That makes Chinese goods more competitive abroad, but it also gives investors inside and outside China a reason to take their money out of the country. And it offers Mr. Trump an … [Read more...] about Trump’s Trade Threats Hit China’s Stock Market and Currency
By Shen Hong and Shen Hong The Wall Street Journal BiographyShen Hong @shenhongdjn Stella Yifan Xie Stella Yifan Xie The Wall Street Journal BiographyStella Yifan Xie @yifanxie [email protected] May 31, 2018 9:58 a.m. ET 5 COMMENTS A pedestrian bridge in Shanghai, seen in April, shows numbers for the Shanghai and Shenzhen stock indexes Photo: Associated Press SHANGHAI—Long derided as a casino, China’s once-volatile stock market is going through a long stretch of calm. One reason is an orchestrated government effort to keep traders and investors in line. Three years after a national uproar when Chinese stocks plunged by nearly half in just over two months, traders and brokers say regulators are increasingly stepping in to influence trades and make China’s markets appear less volatile, especially during political events when Beijing wants to project stability. The steps, aided by advanced surveillance techniques to monitor traders, … [Read more...] about That Calm Chinese Stock Market? It’s Engineered by the Government