TagDavid Rosenberg

Dow Smashes Through 26,000 as US Treasury Bond Yields Spike

dow jones industrial average

By CCN Markets: Rising bond yields propelled the Dow Jones toward a spectacular advance on Monday, as the US stock market continued to claw itself out of the cavernous hole it dug for itself earlier in the month. However, one so-called perma-bear claims that the market is still flashing a dangerous warning sign. Dow Races Toward Fabulous Rally All of Wall Street’s major indices secured mammoth...

Dow Freezes as Ex-Fed Chair Warns of ‘Weakened Economy’

dow jones industrial average, janet yellen, federal reserve interest rate cut

The stock market is just days away from receiving the interest rate cut it so fervently desires, but optimism on that front failed to translate into an early-week surge for the Dow. Meanwhile, former Federal Reserve Chair Janet Yellen warned of the “risks” of a “weakened” global economy. Dow Cautiously Advances as S&P 500, Nasdaq Slump Wall Street's major indices tepidly entered the Monday...

Dow Cringes as Wall Street Fears Painful Fed U-Turn

federal reserve chair jerome powell

The Dow stumbled toward a third straight loss on Tuesday as Wall Street braced for Federal Reserve Chair Jerome Powell to initiate a painful U-turn on interest rate policy. Dow Strings Together Another Loss All of Wall Street’s major indices suffered another round of pullbacks. As of 9:31 am ET, the Dow Jones Industrial Average had dropped 127.31 points or 0.47% to 26,678.83. The S&P 500 fell...

Dow Teeters While Trump Praises Himself for Meteoric Stock Market

donald trump, dow

The Dow teetered on Tuesday as investors anticipated a deluge of market-shaking events slated for later in the week. President Trump, meanwhile, used an otherwise yawn-inducing day on Wall Street to congratulate himself for the stock market’s meteoric performance during the month of June. Dow Wobbles But Holds Near All-Time High All of Wall Street's major indices endured moderate declines during...

Dow Jones: As Bulls Tout Melt-Up, This Perma-Bear Screams ‘Sell!’

Dow Jones crash, Germany recession

By CCN: Earlier this week, BlackRock CEO Larry Fink monopolized the Wall Street watercooler conversation when he downplayed fears that the Dow and broader US stock market risk a near-term correction. To the contrary, he said, a “melt-up” is far more likely. Ignoring the fact that melt-ups are frequently followed by meltdowns, short-sighted equities optimists took Fink’s prediction as confirmation...

Dow Lurches Lower as ‘Super Wednesday’ Quickly Turns Sour

us stock market dow jones

The Dow lurched lower during the morning trading session as “Super Wednesday” reversed a pre-market recovery and left investors with a sour taste in their mouths. Dow Fails to Mount Recovery After 190 Point Plunge By 12:57 pm ET, the Dow Jones Industrial Average had lost 25.24 points or 0.1 percent, reducing the index to 26,125.34. Earlier, the DJIA had climbed as high as 26,209.49. The S&P...

Dow Jones Perma-Bear: CPI Just Flashed a Major Recession Signal

david rosenberg, dow jones, stock market

Another warning light is blinking on the dashboard of the US economy. This time it is the inflation-tied Consumer Price Index (CPI) which has the bears scurrying for their bomb shelters. David Rosenberg, a so-called perma-bear, was filling Twitter feeds with his unique brand of doom and gloom for the Dow Jones and wider US stock market.
Gluskin Sheff Economist: CPI Data Portends Recession