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‘Father of Reaganomics’ says ‘get out of the market’ — bond and stock market — ‘and put your money in cash’

“However, his White House and fiscal policy pedigree have made him a hard-to-ignore voice on the outlook for the market and the economy” writes Mark Decambre for marketwatch.com. David Stockman, the so-called “Father of Reaganomics,” is at it again with his most recent prognostication of doom for Wall Street and the broader economy, even as the stock market tests fresh highs for the year.However, thus far the market has bounded higher after shaking off a withering decline toward the end of 2018 that culminated in the worst Christmas Eve drop…

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7 investments to make with your tax refund

“The average federal tax refund is about $2,800, although some taxpayers may receive slightly less this year under the new tax law” writes Aol Staff for aol.com. Here are seven stocks or ETFs to invest your tax refund in for the long term.This fund’s top holdings include Microsoft Corp. (MSFT), Apple (AAPL), Amazon.com (AMZN) and Berkshire Hathaway Class B (BRK/B), to name a few.This fund’s top holdings include tech behemoths Apple and Microsoft as well as consumer discretionary companies like Amazon and Home Depot (HD). Source: aol.com

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Germany February Ifo business climate index 98.5 vs 98.9 expected

“A measure of business conditions and sentiment/expectations towards the German economy” reports forexlive.com. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.Economic sentiment continues to dwindle and that’s reflective of the dark rain clouds that have been hanging over the German economy since last year. Not a major release by any means but this will continue to underscore weaker sentiment towards the Eurozone economy as a whole, and in turn the euro. Source: forexlive.com

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Stock market worst skid in 2 weeks amid weak economic results; Nasdaq snaps 8-session win streak

“The day’s losses were the worst for the S&P 500 and the Nasdaq since Feb. 7, according to FactSet data” writes Mark Decambre for marketwatch.com. The index fell to a seasonally adjusted reading of -4.1 from 17 in January.The S&P 500 on Thursday marked its worst decline since early February and the Nasdaq snapped an eight-session win streak, as a batch of disappointing manufacturing and housing data unsettled investors.Manufacturing activity declined in the Philadelphia area, constituting Pennsylvania, Delaware and New Jersey in February, for the first time since May of…

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Leading index for U.S. economy falls in January, but there’s a catch

“Fixes month for leading index and the duration of the decline” writes Jeffry Bartash for marketwatch.com. What happened: The decline in the leading index stemmed mostly from an increase in initial jobless claims and “weaknesses in the labor market,” said Ataman Ozyildirim, director of economic research at the privately run board.What’s got manufacturers and other American companies worried, though, is the festering trade dispute with China and a slowing global economy.The numbers: A survey of economic conditions in the U.S. fell in January and reflected a recent slowdown in growth,…

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Stocks edge lower as investors weigh trade optimism against signs of slowing global growth

“The index fell to a seasonally adjusted reading of -4.1 from 17 in January” writes Deputy Markets Editor for marketwatch.com. In Europe, stocks were edging lower, as the Stoxx Europe 600 SXXP, -0.30% and the FTSE 100 UKX, -0.97% are both losing ground.U.S. and Chinese negotiators have started to outline a trade deal, Reuters reported Wednesday night, citing sources familiar with the talks. Source: marketwatch.com

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Stocks close higher in wake of Fed minutes; Nasdaq matches winning streak from August

“GRMN, +17.04% rallied 17% after the firm reported fourth-quarter earnings and revenue that surpassed expectations, while increasing its dividend” writes Markets Reporter for marketwatch.com. CVS, -8.10% sank 8.1% after the health-care retailer reported fourth-quarter earnings and revenue that fell short of Wall Street expectations.Cadence Design Systems CDS, +5.04% shares rose 4.6% after the firm reported fourth-quarter results that topped consensus expectations, while raising its first-quarter outlook.LC, -6.65% shares dropped 6.7% after the peer-to-peer lending firm announced fourth-quarter results that fell short of analyst forecasts. Source: marketwatch.com

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Stock market fights for flight as Wall Street awaits minutes from the Fed’s big policy pivot

“CVS, -7.17% shares were lower after its quarterly results disappointed Wall Street” writes Mark Decambre for marketwatch.com. U.S. stocks on Wednesday saw a subdued open as investors awaited minutes from the Federal Reserve’s rate-setting meeting last month that led to a major reversal in policy for the central bank.Developments in trade remained on investors’ radar as talks between Beijing and Washington continue. Source: marketwatch.com

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How trillion-dollar stock-market index funds are vulnerable to manipulation that ‘could harm American investors’

“A recent op-ed in the New York Times cautions that passive index funds may be vulnerable to bias and, possibly manipulation, as interest in those funds has ballooned over the past decade” writes Mark Decambre for marketwatch.com. Dangers may lurk in index funds, a popular area of the stock-market known for its recent and consistent record of outperformance against actively managed funds, according to experts. Nearly $6.7 trillion, or a third of those assets resided in passive funds at that time, the data provider said.Such passive ETFs track an index…

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Stocks trade mixed as U.S. and China kick off latest round of trade talks; Walmart jumps

“U.S. stocks struggled for direction Tuesday as U.S. investors return from a three-day weekend as another round of U.S.-China trade talks begins in Washington” writes Deputy Markets Editor for marketwatch.com. Gains last week were fueled in part by upbeat expectations surrounding U.S.-China trade negotiations.In Europe, stocks were trading lower Tuesday, with the Stoxx Europe SXXP, -0.27% down 0.4%.AAP, +1.37% stock fell 0.6%, after the firm reported fourth-quarter profits that topped analyst forecasts but saw same-store sales growth fall short. Source: marketwatch.com

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