US stocks will drop 5% in the coming weeks, BTIG’s Jonathan Krinsky said. The swings being seen in the dollar and bond market have historically preceded stock sell-offs, he said. Krinsky also sees the market as set up for a “sell the news” event related to the election. Thanks for signing up! Access your favorite…
The S&P 500 notched a new record on Thursday amid encouraging labor-market data and China stimulus. Micron was a big gainer, surging as much as 20% on strong earnings. Personal consumption expenditure data, the Fed’s preferred inflation gauge, comes out Friday. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…
Indexes rallied Thursday on positive jobs data and promises of further economic stimulus in China. Jobless claims fell 4,000 to a four-month low of 218,000, beating estimates of a mild increase. Traders will be closely watching personal consumption expenditure data out Friday. Thanks for signing up! Access your favorite topics in a personalized feed while…