The market watcher who predicted the December plunge believes the new highs are sustainable. Ned Davis Research’s Ed Clissold cites a better-than-expected earnings seasonas a key factor in his bullish forecast.
“We have a risk of a melt-up, not a meltdown here. Despite where the markets are in equities, we have not seen money being put to work,” the head of the world’s largest asset manager
According to J.P. Morgan Chase CEO Jamie Dimon, the economic expansion that began after the 2008 financial crisis has no expiration date.
The Trump administration is discussing a thick tome of ideas with Chinese officials as the two sides seek a trade deal, with Washington expecting some elements to be resolved soon, U.S. Treasury Secretary Steven Mnuchin
There will not be a recession this year despite a slowdown in economic activity worldwide, a top executive at Carlyle Group told CNBC Wednesday.
Strategists at two of Wall Street’s biggest firms are downplaying the risks posed by a looming earnings recession for corporate America, saying weakness among megacaps is masking broad-based profit growth.