Merrill: Managers Expect Stock Peak in ‘2019 or Beyond’

Global investors raised their allocation to equities to net 55% overweight in January, a two-year high, according to the latest Bank of America Merrill Lynch fund manager survey. Allocation to bonds fell to a four-year low of net 67% underweight. Investors in January were the most overweight equities relative to government bonds since August 2014, Merrill… Please follow and like us:

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Wall Street Criminals Continue Their Fraud And Theft: NO JAIL TIME – America’s Lawyer

To learn more about this topic, visit AL.Law Via America’s Lawyer: Mike Papantonio talks with Danielle DiMartino Booth about how a new federal lawsuit says Goldman Sachs and other Wall Street banks rigged the U.S Treasury Bond Market to gain profits for themselves. Transcript: Mike Papantonio: A new federal lawsuit filed in Manhattan says Goldman Sachs… Please follow and like us:

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Bull Market Should Run Another 3 Years: Goldman

Goldman Sachs says the bull market in U.S. stocks should continue for another three years. In its latest market outlook, Chief U.S. Equity Strategist David Kostin is forecasting a 15% gain in the S&P 500 over that period with a target of 3,100 by the end of 2020 and a 7% gain in the index this… Please follow and like us:

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Dow hits 25,000 points for 1st time on US hiring data

The Dow shot above 25,000 points for the first time Thursday as strong US private-sector hiring data extended a stocks rally already boosted by the recent US tax reform. US stocks opened 2018 in full-throttle bull market mode, bidding stocks up and continuing the succession of records seen last year, especially following the massive tax cut… Please follow and like us:

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Goldman Sachs says US tax reform to cut earnings by $5 bn

US banking giant Goldman Sachs said Friday the recently-enacted US tax reform will cut its earnings this year by about $5 billion, mainly because of a tax targeting earnings held abroad. The tax reform package is expected to “result in a reduction of approximately $5 billion in earnings for the fourth quarter,” the company said in… Please follow and like us:

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How Bitcoin Futures Trading Could Burst The Cryptocurrency’s Bubble

A new wave was added to the never-ending Bitcoin mania when the Chicago Board of Exchange (CBOE) became the first major derivative exchange to launch Bitcoin futures on December 10. Such was the euphoria among early investors that trading was halted twice due to CBOE speed breakers, which slow or pause trading when price movements are… Please follow and like us:

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Goldman: Investor Animal Spirits Will Continue To Drive Stocks

As 2017 draws to a close, Goldman Sachs’ Top of Mind research newsletter takes a look back at the trends that have shaped this year in its December issue. The continued bull market has been one of the stand-out trends of 2017. Heading into the year, few analysts were predicting further gains, as President Trump’s mixed… Please follow and like us:

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The Fed Boiling Frog Strategy

With the US Federal Reserve set to meet Tuesday and Wednesday, and interest rates expected to rise as a result, what will the rate hike path look like in 2018? To Bank of America Merrill Lynch’s Global Economist Ethan Harris, understanding the Fed and their future actions requires taking a long view that goes beyond one… Please follow and like us:

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Goldman Sachs Explains “Rational Exuberance”

The stock market is going to rise a healthy 8% in 2018, predicts Goldman Sach’s Chief US Equity Strategist David Kostin, but the technology sector might not be the tailwind it once was. Driving the move higher will be a “rational” increase in earnings per share, driven to a degree by tax cuts, which benefit large… Please follow and like us:

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South Korea’s per-capita GDP to top $30,000 in 2018: Goldman Sachs

South Korea’s per-capita gross domestic product (GDP) is expected to surpass $30,000 in 2018 on brisk exports of chips and other positives, Goldman Sachs said Tuesday. “Unless there is any big change in South Korean and global export conditions, South Korea’s per-capita GDP will likely break the $30,000 level next year for the first time,” Goldman… Please follow and like us:

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Wall Street Criminals Continue Their Fraud And Theft: NO JAIL TIME – America’s Lawyer

To learn more about this topic, visit AL.Law Via America’s Lawyer: Mike Papantonio talks with Danielle DiMartino Booth about how a new federal lawsuit says Goldman Sachs and other Wall Street banks rigged the U.S Treasury Bond Market to gain profits for themselves. Transcript: Mike Papantonio: A new federal lawsuit filed in Manhattan says Goldman Sachs… Please follow and like us:

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Shanghai Stocks Falling Out of Favor As Central Bank Tightening Hard On Track

The Shanghai Composite Index had its worst day of the year Thursday, down 2.3%. After beginning a well-defined price uptrend that started in May 2017, Wednesday’s move could trigger sensitive momentum algorithms to exit long positions, particularly those formulas that focus on price channel patterns and downside deviation consistency models. But beyond the algorithmic factors, there… Please follow and like us:

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Strong economy boosts Trump among otherwise skeptical Americans

WASHINGTON — In 2016, the U.S. economy served as a punching bag for then-candidate Donald Trump. Today, it has become a lifeline for an otherwise embattled presidency. As president, Trump has increasingly grabbed for that line, touting low unemployment, record high stock market values and healthy economic growth rates in speeches and on Twitter. Reactions from… Please follow and like us:

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Corporate Balance Sheets Much Weaker Than You Think: Goldman

SocGen’s Andrew Lapthorne believes that weak corporate balance sheets are the fact and the cash on the sidelines is the myth. In a report published today, Lapthorne highlighted the high level of inequality that’s affecting balance sheets within the US. Specifically, the SocGen analyst notes “US corporate leverage is abnormally high for this stage in the… Please follow and like us:

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China-US companies’ deals signed during Trump’s visit to China

Business leaders shake hands during a meeting with US President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, Nov 9, 2017. [Photo/VCG] Chinese and US companies signed 34 deals worth $253.5 billion during US President Donald Trump’s state visit to China. These deals involved energy, the chemical industry,… Please follow and like us:

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