AUTHOR
Mick Weinstein
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Here are three charts that show we are not likely starting a major stock market correction — only a minor one.
Analysts pitched a three-way debate about the fate of U.S. Steel ahead of its earnings report Tuesday morning, spanning fundamentals, technicals and options.
Market participants are pressing the pause button on Wall Street’s recent stock rally as they sift through a buffet of remarks from Fed speakers. Federal Reserve speakers yesterday emphasized that the current fed funds rate is restrictive and is likely to continue to support disinflation, but more evidence is needed that price pressures are easing in a sustainable manner before the central bank lowers rates.
Michael Kahn of Barron’s Online gives a technical rationale for a cyclical bear market, followed by a 15-to 18-year secular bull.