Jeff Gundlach, founder and chief executive officer of DoubleLine Capital, named India as his "favorite stock market." Since Donald Trump's victory in November, the US stock market has reached new highs. "My favorite stock market — India — that I've been touting now for years is doing great this year," Gundlach told CNBC's Scott Wapner on Fast Money's Half-Time Report in March. But many Wall Streeters think American equities have reached their ceiling. The high cost of US stocks has many Wall Streeters looking for more affordable markets with better opportunities for growth.
as informed in The yield on a 10-year Treasury note TMUBMUSD10Y, -0.18% inched 2 basis points lower to 2.392%. "Conversations about a stock market top are certainly not without merit. European stocks SXXP, -0.52% finished lower while the FTSE 100 UKX, +0.02% rose fractionally. Stock movers: Shares of Macy's Inc. M, -17.01% finished down 17% after the retailer reported a worse-than-expected slide in revenue in the first quarter. Whole Foods Market Inc. WFM, +2.15% rose 2.2% after the grocery-store chain announced a new stock buyback plan and released earnings that met forecasts.
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collected by :Jack Luxor
as informed in The yield on a 10-year Treasury note TMUBMUSD10Y, -0.18% inched 2 basis points lower to 2.392%. "Conversations about a stock market top are certainly not without merit. European stocks SXXP, -0.52% finished lower while the FTSE 100 UKX, +0.02% rose fractionally. Stock movers: Shares of Macy's Inc. M, -17.01% finished down 17% after the retailer reported a worse-than-expected slide in revenue in the first quarter. Whole Foods Market Inc. WFM, +2.15% rose 2.2% after the grocery-store chain announced a new stock buyback plan and released earnings that met forecasts.
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Here's why the stock market isn't freaking out about the Comey firing
For stock market investors, it's still all about earnings, economic growth—and hopes for corporate tax cuts. Key congressional committees will begin marking up a tax bill, but there will be little appetite for working with the White House, he said. So far, at least four Republican senators have made comments that sounded critical of the Comey firing, Krueger said. "I think the stock market has certainly priced in a policy agenda that includes tax reform, deregulation, and an improved health-care bill," Arone said. The Comey firing is "more of a political story than a markets story…Implications directly for the market are pretty muted," Chris Zaccarelli, chief investment officer for Cornerstone Financial Partners, told MarketWatch.read more visit us Markets
collected by :Jack Luxor
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