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SURVEY: 75% ultra-rich forecast recession…

“The U.S. economy is firing on all cylinders, yet 75 percent of ultra-high net worth investors predict it will hit recession by 2020, a J.P. Morgan survey found” writes Natasha Turak for cnbc.com. J.P. Morgan’s Anthony Collard, head of U.K. and Nordic investments, said that while concern was evident among ultra-high net worth investors regarding America’s economic future, the bank does not see signs of it being close to a recession.The International Monetary Fund recently upped its U.S. growth forecast for 2018 to 2.9 percent. Source: cnbc.com Share This:

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75% of the ultra-rich forecast a US recession in the next two years, survey finds

“The U.S. economy is firing on all cylinders, yet 75 percent of ultra-high net worth investors predict it will hit recession by 2020, a J.P. Morgan survey found” writes Natasha Turak for cnbc.com. J.P. Morgan’s Anthony Collard, head of U.K. and Nordic investments, said that while concern was evident among ultra-high net worth investors regarding America’s economic future, the bank does not see signs of it being close to a recession.The International Monetary Fund recently upped its U.S. growth forecast for 2018 to 2.9 percent. Source: cnbc.com Share This:

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News Stocks 

Another blowout quarter for Netflix, but a couple of analysts see some risks for the stock

“Netflix reported strong numbers for its first quarter, but a couple of Wall Street analysts see risks for the company moving forward” writes unknown author for cnbc.com. The company’s forecast for a 12 percent operating margin in the first half of this year compares with its full-year forecast of 10 to 11 percent, given increased spending on content and marketing, Janedis said in the note. Source: cnbc.com Share This:

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JPMorgan says stocks are about to shatter a post-crisis record — and most of Wall Street could be caught off guard

“We are expecting record buyback announcements during this earnings season given further clarity on tax reform (vs” writes Akin Oyedele for businessinsider.com. JPMorgan’s equity strategists are very bullish on first-quarter earnings.Lakos-Bujas forecasts that companies are set to spend a record $800 billion on share buybacks this year, which would provide more support for their stocks.The price-to-earnings multiple based on estimates for the next 12 months is at 15, below its historical median, Lakos-Bujas said. Source: businessinsider.com Share This:

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Wild storm charging across nation to unleash all modes of extreme weather through the weekend

“Both along the warm front extending east of the storm center and the cold front shooting south, tremendous temperature swings are expected” reports washingtonpost.com. As the storm cranks up Friday, howling winds will accompany the snow, and blizzard warnings stretch from northeast Colorado through north central South Dakota.A wild spring storm is set to spin up in the nation’s heartland Friday. Source: washingtonpost.com Share This:

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News Oil 

EIA forecasts a nearly 14% rise in summer retail gasoline prices

“The U.S. Energy Information Administration forecast a nearly 14% year-over-year rise in summer gasoline prices on the back of expectations for higher crude oil prices, according to a report released Tuesday” writes Markets Commodities Reporter for marketwatch.com. The agency forecast an average retail price of $2.74 a gallon for regular gasoline in the April to September summer driving season this year, up from an average $2.41 for the summer season in 2017.U.S. crude production, meanwhile, was seen at 10.69 million barrels a day this year, down 0.1% from the previous…

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Markets News Stocks 

The market’s most outspoken bear sees recent turbulence fueling his forecast of a 60% stock drop — and says it’s too late to get out

“John Hussman knows that when he makes his extremely bearish stock market forecasts, some people might roll their eyes” writes Joe Ciolli for businessinsider.com. “When we examine market collapses across history, the common feature is that both investment merit and speculative merit are absent,” Hussman wrote in a recent blog post.It’s a tongue-in-cheek reference to his forecasts, which many view as outlandish, but that he sees as a logical endpoint for markets. Source: businessinsider.com Share This:

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Samsung Electronics tips record first-quarter profit as chip boom winds down

“Samsung shares fell as much as 2.7 percent on Friday before paring losses to fall 0.7 percent as of 0345 GMT (11.45 p.m” writes unknown author for cnbc.com. Samsung shares fell after the announcement as analysts forecast similar or lower profit in the second quarter, due to slower growth in DRAM chip prices and higher marketing costs for the flagship Galaxy S9 smartphone.Samsung Electronics Co Ltd tipped a surprise record first-quarter profit on Friday but market reaction was muted due to growing concerns that the semiconductor boom that has driven…

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Markets News 

U.S. job gains in March probably will suffer from weather-related hangover

“If a tight labor market is producing more inflation, one of the places it will first show up is in worker pay” writes Jeffry Bartash for marketwatch.com. Not bad, but wages usually increase 3% to 4% a year when the labor market is fully hitting its stride.The number of Americans who found jobs in March probably won’t match February’s huge 313,000 gain, but it’s not because a red-hot labor market has cooled off.Read: U.S. jobless claims shoot up to 3-month high of 242,000 Yet a tight labor market could also…

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Markets News 

U.S. trade deficit rises to near nine-and-a-half-year high; jobs market tightens

“The goods trade deficit was the highest since July 2008 and the surplus on services was the lowest since December 2012” writes Midwest Communications Inc for 95kqds.com. “In 2019, the tax legislation and budget deal will boost the federal deficit by $480 billion, boosting the trade deficit by $161 billion.Part of the rise in the trade deficit in February reflected commodity price increases.The politically sensitive goods trade deficit with China fell 18.6 percent to $29.3 billion.When adjusted for inflation, the trade deficit slipped to $69.11 billion from $69.96 billion in…

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