collected by :Jack Luxor
I would underweight US stocks," Faber said in an interview with CNBC. Doom' for his pessimistic views of equity markets, has warned investors that US stocks are vulnerable to a seismic selloff, which could start any moment. As it goes down, it will start triggering selling, and then it will be like an avalanche. We see that in the hotel industry, and we see that in demand for commodities," he said. The investor said that markets in Mexico, Brazil, and Asia also have been picking up significant gains so far this year.
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The S&P 500 SPX, -0.06% was off by 3 points, or 0.1%, to 2,363, with 6 of the 11 main sectors trading lower. Lions Gate Entertainment Corp. LGF.A, -0.26% LGF.B, -0.04% shares were slightly lower after "La La Land" won several Oscars on Sunday evening, including Emma Stone for best actress and Damien Chazelle for best director. The conglomerate reported a 15% rise in net earnings, which were partly lifted by the stock market's end-of-year rally. Telecoms, utilities and consumer staples were leading the losses, down 0.5%, while energy and financials were slightly higher. Read: Complete list of Oscar winnersOther markets: Asian markets ADOW, -0.37% finished lower across the board, with the Nikkei 225 index dropping 0.9%.
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I would underweight US stocks," Faber said in an interview with CNBC. Doom' for his pessimistic views of equity markets, has warned investors that US stocks are vulnerable to a seismic selloff, which could start any moment. As it goes down, it will start triggering selling, and then it will be like an avalanche. We see that in the hotel industry, and we see that in demand for commodities," he said. The investor said that markets in Mexico, Brazil, and Asia also have been picking up significant gains so far this year.
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Why the stock market has climbed to record highs despite Trump uncertainty
It's often said the stock market hates uncertainty, so one might assume Wall Street would be very skittish about President Trump. David Dietze, chief investment strategist at Point View Wealth Management Inc., nonetheless said "we remain cautious" with stock prices at current levels. "Stock market hits new high with longest winning streak in decades," the president tweeted recently. "The message has not varied one whit."Others agreed but noted that the gains from any Trump policy changes won't come quickly. But corporate profits will need to keep growing to justify the higher stock prices.The S&P 500 SPX, -0.06% was off by 3 points, or 0.1%, to 2,363, with 6 of the 11 main sectors trading lower. Lions Gate Entertainment Corp. LGF.A, -0.26% LGF.B, -0.04% shares were slightly lower after "La La Land" won several Oscars on Sunday evening, including Emma Stone for best actress and Damien Chazelle for best director. The conglomerate reported a 15% rise in net earnings, which were partly lifted by the stock market's end-of-year rally. Telecoms, utilities and consumer staples were leading the losses, down 0.5%, while energy and financials were slightly higher. Read: Complete list of Oscar winnersOther markets: Asian markets ADOW, -0.37% finished lower across the board, with the Nikkei 225 index dropping 0.9%.
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