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The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

The bull market is in the 'bottom of the ninth inning,' says a strategist who called the rally

Finance
A Wall Street portfolio strategist who urged investors to believe the rally is now predicting the bull market's eventual demise — and it has nothing to do with Washington politics.Joe Zidle, of Richard Bernstein Advisors, is arguing that the bull market has entered the bottom of the ninth inning."This is a late-cycle environment," Zidle said on CNBC's "Futures Now" recently."In innings terms, they're not time dependent. An inning could be shorter or they could be longer. It just really depends," the strategist said. However, that doesn't necessarily mean investors should consider taking cover quite yet."Being in the ninth inning doesn't mean that we're in immediate risk of seeing this bull market rollover or end. We think it could go on still for quite some time just based on the fundament
Investors call the end of the government-bond bull market (again)

Investors call the end of the government-bond bull market (again)

Finance
FOR the umpteenth time in the past decade, a great turning-point has been declared in the government-bond market. Bond yields have risen across the world, including in China, where the yield on the ten-year bond has come close to 4% for the first time since 2014. The ten-year Treasury-bond yield, the most important benchmark, has risen from 2.05% in early September to 2.37%, though that is still below its level of early March (see chart).Investors have been expecting bond yields to rise for a while. A survey by JPMorgan Chase found that a record 70% of its clients with speculative accounts had “short” positions in Treasury bonds—ie, betting that prices would fall and that yields would rise. Meanwhile a poll of global fund managers by Bank of America Merrill Lynch (BAML) in October found th
Stock market investors with more than $1 million have reached a bullish peak

Stock market investors with more than $1 million have reached a bullish peak

Finance
By one closely watched measure of valuation, Alan Greenspan's irrational exuberance warning should be keeping investors near the sell button. But as the Dow Jones Industrial Average passes the 23,500 mark, there is no fear among investors with a million dollars or more in the market. New survey results show they are as confident in the U.S. economy and stocks as they have been at any point this year, with 74 percent of million-dollar market accounts bullish on the fourth quarter, up from 61 percent who were bullish in the prior quarter. Even as some readings show a wide gap between the bulls and bears — the biggest gap between market optimists and pessimists since Black Monday — the bullish mood is most pronounced among older million-dollar investors, who have been around for more than a f
A bearish economist likes the 'most under-owned market on the planet,' and he thinks you should too

A bearish economist likes the 'most under-owned market on the planet,' and he thinks you should too

Finance
He may be one of Wall Street's biggest bears, but that doesn't mean veteran market watcher David Rosenberg isn't finding places to put money to work.Gluskin Sheff's chief economist and strategist is just going halfway around the globe to do it."The one part of the world which looks very good to me right now, a great turnaround story that's under-owned, is Japan. The Nikkei is breaking out," said Rosenberg said Friday on CNBC's "Trading Nation." He added: "I think even a child could see that the 30-year secular downtrend has been broken over the course of the past couple of months."The Nikkei 225, Japan's benchmark stock index, has soared nearly ten percent over the past three months. It's now up 15-percent so far this year. But it's still about 56 percent way from its all-time high hit in ...
Market Chatter: Exxon Mobile, Shell Reportedly Win Oil Blocks in Brazil at Auction

Market Chatter: Exxon Mobile, Shell Reportedly Win Oil Blocks in Brazil at Auction

Finance
Shutterstock photoRoyal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (XOM.N) won blocks in Brazil's pre-salt oil region at an auction on Friday, Reuters reported.Shell won two of the initial four blocks under the hammer as part of consortia and Exxon, in a consortium with Norway's Statoil ( STO ) and Portugal's Petrogal, a unit of Galp Energia (GALP.LS), won another, according to the report.There were no bids for the fourth block, and another four blocks will be auctioned later on Friday, it said.The eight blocks on offer contain a total of more than 12 billion barrels of estimated oil reserves, according to the report.The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.Copyright (C) 2016 MTNewswires.com. All r...