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‘Earnings could be volatile,’ long-term market bull warns

‘Earnings could be volatile,’ long-term market bull warns

Finance
An earnings season that delivers will play an integral role in whether the market can maintain all-time highs, according to Crossmark Global Investments' Victoria Fernandez.The chief market strategist believes Wall Street is completely discounting second earnings expectations right now, and that leaves little room for disappointments when the season kicks off this Monday. "Earnings could be volatile," she said Friday on CNBC's "Trading Nation. "But according to Fernandez, a long-term bull, a setback would likely be short-lived. "We do think that the trend will be higher in the markets," she said. "[Investors] feel like the Fed has their back, and so the markets are continuing to run on that."On Friday, the major indexes saw all-time intraday highs and fresh record closes. Since the be...
El-Erian: The market has ‘gotten carried away’ with its Fed rate cut predictions

El-Erian: The market has ‘gotten carried away’ with its Fed rate cut predictions

Finance
The market is expecting too many cuts from the Federal Reserve this year, widely followed economist Mohamed El-Erian said Friday. "We as the market base have gotten carried away — carried away thinking it will be 50 basis points in July, thinking we're going to get three cuts by the end of the year," El-Erian said on CNBC's "The Exchange." "We're going to get one in July and maybe, maybe two, and that's about it."The Allianz chief economic advisor's statements came on the heels of a better-than-expected monthly jobs report. The U.S. economy added 224,000 jobs in June, according to data from the Bureau of Labor Statistics released Friday morning. Economists polled by Dow Jones expected 165,000 jobs.Stocks fell after the report, amid concerns that the strong number would lead the Fed to hold
Market bull cuts exposure to stocks due to new Mexico tariff threat

Market bull cuts exposure to stocks due to new Mexico tariff threat

Finance
Long-time market bull Phil Orlando just cut his exposure to stocks.The Federated Investors chief equity market strategist cites President Donald Trump's new threat to impose 5% tariffs on Mexico imports for the decision. "In light of this growing uncertainty and expanded downside risk, we opted to pull in our horns a bit this morning, and we lowered our 8% equity overweight in our PRISM asset allocation moderate growth portfolio to 5%," Orlando wrote in Friday's commentary. "We added the 3% into our cash overweight."Despite making the defensive move, Orlando contends U.S. economic fundamentals remain solid, and they should ultimately support stocks. It's a sentiment he echoed during Thursday's interview on the ongoing U.S.-China trade war on CNBC's "Futures Now. " "When it does ...

10% upside or 20% downside? Here are the projections for result day market swing

Finance
NEW DELHI: Even if the election outcome on May 23 delivers shock verdict, Dalal Street is unlikely to swing more than 10 per cent. Analysts say the market has already witnessed severe battering from non-political factors like adverse global cues and mixed March quarter earnings and valuations have come off quite a bit. “I do not think there is any optimism left. People are cautious; they are suffering because of economic pain. The approach should be to get the house in order rather to going overboard with optimism,” Ravi Dharamshi, CIO, ValueQuest Investment Advisors, told ETNow. In May alone, the market has taken a major hit following the April losses. Indian market been one of the top losers among major emerging markets so far in May amid renewed concerns over the US-China trade war. Agg