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Beijing has been 'ineffective' in reviving its slowing economy: JP MorganJ.P. Morgan Private Bank's head of investment strategy for Asia says 'we're probably going to see more incrementalism' out of Beijing. Besides tax break, no new policy has been put in place in US, but market has been up lost since 01/2017. Maybe policy is irrelevant. US also has a national debt crisis. So debt is irrelevant as well. This is the aftermath of fighting corruption in China. Not fast enough for you? They don’t think in terms of quarters, years, or even decades. Did you really think 14% s/b their bench mark. Think 2025 and beyond. That and we (Trump Inc.) are doing everything to accelerate their becoming 1.
Source: CNBC - 🏆 12. / 72 Read more »
The recent S&P rebound looks a lot like 2000 and 2007--but that's not a bad thing, says JP MorganThe markets have surged into the new year with the S&P 500 posting its best January in more than three decades. yup Not for bears It’s never a bad thing... until it is Stocks are horrendously overbought for such a short amount of time, but bulls are necessary known for their patience or intelligence.If we move down and the daily drags down we will retest.If we move up and weekly moves up then we will go up dramatically So no pressure this week
Source: CNBC - 🏆 12. / 72 Read more »
Economic growth will continue for five more years, says markets pro'One of the reasons why we didn't arrive at a trade deal in 2018 is because the U.S. economy was doing much better,' OppenheimerFunds CIO discusses the likelihood of a U.S.-China trade deal in 2019.
Source: CNBC - 🏆 12. / 72 Read more »