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Investors are fearful the stock market is signaling that a recession could be on the way either because of a Fed policy misstep or trade wars, but that doesn’t have to be the case. Not all big market declines have signaled a recession, but once a market decline reaches 20 …
Read More »These states are raising their minimum wage next year
Al Drago | CQ Roll Call | Getty Images A protester holds a sign in Upper Senate Park during a rally on Capitol Hill in Washington, D.C., on Wednesday, July 22, 2015, to push for a raise to $15 an hour for the minimum wage. More than 20 states will …
Read More »The volatility in stocks right now is ‘abnormal,’ says manager of $200 billion pension fund
Christopher Goodney | Bloomberg | Getty Images Christopher Ailman, chief investment officer of the California State Teachers Retirement System Investors should be careful as the recent spike in market volatility is far from normal, according to the manager of the California State Teachers’ Retirement System, which has more than $200 …
Read More »Charts show stock market may still be months away from finding a floor
Investors looking for a quick end to the stock sell off could be disappointed and may have several more months of volatile trading to go before the market hits rock bottom, technical analysts say. That time frame coincides with the run up to major events that strategists say could be …
Read More »A bear market usually means even steeper losses are ahead
Investors will have a hard time finding a place to hide should the S&P 500 keep trading in bear market territory, if history is any indication. A CNBC analysis using Kensho found that all 11 S&P 500 sectors average steep losses after the broad index plunges 20 percent or more …
Read More »Stocks may try to bounce but are heading for worst December ever
Stocks could look to bounce later in the week, after the worst Christmas Eve performance ever, but some strategists expect only a half-hearted rally attempt with more losses to come. The S&P 500 lost 2.7 percent Monday, to 2,351 in a half-day session, and is now officially in a bear …
Read More »We are now in a Bear Market — here’s what that means
It’s helpful to know what a “bear market” is because based on history, it looks like we could be here for a while. The term on Wall Street is synonymous with serious, long-lasting declines in stock markets. In numeric terms, a bear market is a 20 percent or more drop …
Read More »Look to the two remaining Fed board nominees for clues about Trump-Powell battle
Getty Images President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. While President Donald Trump has complained publicly about Federal …
Read More »Charts declare bear market, say correction could last until next June
Bank of America-Merrill Lynch sees stocks struggling through the first half of 2019. Stephen Suttmeier, the firm’s chief equity technical strategist, is building his case with two S&P 500 charts. They suggest stocks are in the throes of a bear market and the correction is deepening. “We are breaking through …
Read More »Trump never said he would fire Fed Chairman Powell
Jim Watson | AFP | Getty Images US Federal Reserve Board Chairman Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington, DC, December 19, 2018. President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed …
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