Author: super@dmin
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U.K. Conservatives lay groundwork for a ‘crash out’ Brexit, while Labour seeks to soothe City
The government in London has decided to ramp up its planning for the U.K.’s crashing out of the European Union without a deal in place.
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The Tell: Debt-laden firms are hit the hardest in recent stock slump, says SocGen
As corporate debt concerns come to a head, investors are dumping stocks with weak balance sheets, a trend that is likely to intensify next year.
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The Technical Indicator: Charting a falling-knife backdrop, S&P 500 confirms primary downtrend
The S&P 500 has violated major support (2,581), confirming its primary downtrend ahead of a potentially consequential Federal Reserve policy statement, writes Michael Ashbaugh.
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Outside the Box: This positive data point says Santa may arrive at the stock market after all
The VIX shows that many sophisticated investors appear to be positioning for a rally in the short term.
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Vaping has pushed teenagers’ nicotine use to record highs
Many young adults don’t think there’s nicotine in their e-cigarettes — they’re wrong.
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The states where pensions are safe — and where they’re in trouble
Kentucky’s public pension, which was at risk of benefit cuts, may be saved.
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The Tell: Wall Street’s really bullish on the stock market in 2019, but don’t get too excited
If this soul-crushing climate has you lamenting your prowess at forecasting the direction of the stock market, wait until you see just how miserably the well-compensated Wall Street professionals have fared over the years.
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Outside the Box: A ‘dirty’ rally is taking shape as the stock market is heavily oversold
The last time conditions were the same, stocks rose 10% into late January.
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Metals Stocks: Gold near 1-week high, underpinned by a weaker dollar as Fed update on tap
Gold is pinned near a more than one-week high early Tuesday, its action limited as a leading dollar index slips but stocks head for a tepid recovery.
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Need to Know: Druckenmiller warns that the stock market is one big ‘mirage’ right now
Our call of the day comes from a guy once referred to as the “greatest investor of all time” — Stanley Druckenmiller who says the Fed is not reading this stock market right.