Econ Analysis: CPI, Jobless Claims
Airtime: Thurs. Mar. 18 2010 |
The CNBC news team parses today’s economic data.
Airtime: Thurs. Mar. 18 2010 |
The CNBC news team parses today’s economic data.
Colin Whitehead, analyst, Fat Prophets shares his views on Australia’s prime ministerial candidates, Tony Abbott and Julia Gillard, and their challenges ahead, with CNBC’s Martin Soong, Karen Tso and Sri Jegarajah.
Lloyd Blankfein, CEO of Goldman Sachs speaks with CNBC’s David Faber about the shareholders meeting, his testimony in front of Congress and the outlook for the company.
Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
Discussing how the country can increase its exports, with Gary Locke, U.S. Commerce Secretary.
CNBC spoke to Oleg Deripaska, Russia’s richest man and CEO of the world’s largest aluminum producer Rusal, and asked him whether he expects a double-dip recession.