Short-term gain for long-term pain?
That’s the view of economists at Goldman Sachs Group Inc., who argue that while some of President-elect Donald Trump’s proposals could boost U.S. economic growth in the near future, his other policies would offset those positive impacts over the long-run.
Read the Full Article: Source – BloombergRead More
Time For Truth: (Bloomberg) – Goldman Sees the Possibility of Stagflation Under Trump Presidency
The tie-up of AT&T Inc T.N and Time Warner Inc TWX.N, bringing together one of the country’s largest wireless and pay TV providers and cable networks like HBO, CNN and TBS, could kick off a new round of industry consolidation amid massive changes in how people watch TV.
Stocks of some programmers that could attract interest rose sharply on Friday as the deal of the year came together. Discovery Communications Inc DISCA.O gained 3.6 percent, AMC Networks Inc AMCX.O rose 3.9 percent and Scripps Networks Interactive Inc SNI.O jumped 5.6 percent.
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Time For Truth: (Reuters) – AT&T-Time Warner may signal start of new media industry consolidation
It is getting dicey out there for Wall Street investors, although stocks eked out a modest rise on Friday.
U.S. equities have been bouncing around lately. And the trend has been predominantly lower. Although it hasn’t been the sort of dizzying tumble for equities that would elicit an instant spike in fear, it has been, however, the kind of plodding descent that has the Dow Jones Industrial Average DJIA, +0.22% down nearly 300 points since the end of July.
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Time For Truth: (Market Watch) – The stock market is turning into a sloppy, ugly mess—and it could get worse
HSBC’s technical-analysis team has thrown up the ultimate warning signal.
In a note to clients released Wednesday, Murray Gunn, the head of technical analysis for HSBC, said he had become on “RED ALERT” for an imminent sell-off in stocks given the price action over the past few weeks.
Gunn uses a type of technical analysis called the Elliott Wave Prinicple, which tracks alternating patterns in the stock market to discern investors’ behavior and possible next moves.
In late September, Gunn said the stock market’s moves looked eerily similar to those just before the 1987 stock market crash. Citi’s Tom Fitzpatrick also highlighted the market’s similarities to the 1987 crash just a few days ago. On September 30, Gunn said stocks were under an “orange alert,” as they looked to him as if they had topped out.
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Time For Truth: (Business Insider) – HSBC: RED ALERT — get ready for a ‘severe fall’ in the stock market
In a bid to restore calm, following a catastrophic drop in value, Germany’s largest bank denied seeking help from Berlin after claims it sought aid from the German government and needed to raise additional funds from investors.
German Chancellor Angela Merkel said the German people would not bailout the Bank.