Scott Redler, partner with T3Live.com, is watching the stock heading into the Federal Reserve's rate decision Wednesday afternoon. The meeting will be followed by a briefing from Fed Chairman Jerome Powell. The Fed meeting is viewed as a potentially significant catalyst for the market. "AAPL's...
"What we're seeing now is the market exhibit extreme resilience," despite some technical indicators suggesting overbought conditions, said Adam Sarhan, CEO of 50 Park Investments. "We have every chance in the world for the market to fall and it refuses to fall in a meaningful fashion. That ...
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Zaccarelli said that it's no surprise the market has performed well this year, in hindsight, given the strength of the economy and corporate profits. "We do think investors are being too sanguine about the recession risk on the horizon," Zaccarelli said. "But given that we are in the ...
“Today’s turnaround may have been a bit excessively premature as much of that rally was attributed to optimism that the Trump administration will shortly have major stimulus announcements,” said Edward Moya, senior market analyst at Oanda. The White House wants a fiscal stimulus package includ...
And even though the S&P is still down 16% from the all-time high it hit on February 19, it has rebounded nearly 27% from its low on March 23 – when the coronavirus selloff pushed the market to a bottom. But with so much uncertainty, it could be another few months until we know...