Gov. Pawlenty on Budget Deficits
White House’s mid-session budget review is due Thursday, with Gov. Tim Pawlenty, (R-MN).
White House’s mid-session budget review is due Thursday, with Gov. Tim Pawlenty, (R-MN).
Looking forward, the window remains open for disciplined investors to carefully buy high-ranked stocks. Since the current rally began on July 1, the major averages have rallied on suspiciously light volume for the most part. It is ideal to see volume expand as the major averages break above resistance and see a new batch of high ranked leaders trigger fresh technical buy signals. These latest improvements are helping to confirm this nascent rally and provide a reassurance that odds are more favorable for successful investing using the fact-based system.
About half of the FOMC now sees risks tilted to the downside, reports CNBC’s Steve Liesman. Zane Brown, of Lord Abbett, and James Bianco, of Bianco Research, share their views.
BlackRock is out with its Q3 asset allocation report, with Robert Doll, BlackRock vice chairman and Curtis Arledge, BlackRock chief equity strategist.
Wilbur Ross is back on the prowl expanding his investment empire, with Wilbur Ross, WL Ross & Co. chairman & CEO and Mac Crawford, former CVS Caremark chairman.
Van Anantha Nageswaran, chief investment officer, Bank Julius Baer, believes the probability of a double-dip is higher in 2011 than 2010. He tells CNBC’s Oriel Morrison & Bernard Lo that there are various headwinds ahead for the global economy.
Tuesday, July 13, 2010 Stock Market Commentary: The major averages rallied for a sixth consecutive day after Alcoa (AA) and CSX (CSX) officially kicked off earnings season and the government said the trade deficit topped $1 trillion. Volume, a critical component of institutional sponsorship, was higher on the Nasdaq and the NYSE. There were 23 high-ranked companies from the…
Sarhan Media Quote: Reuters- Gold undermined by stronger dollar
Global demand for crude oil is due to grow, according to Victor K. Shum from Purvin & Gertz. Shum considers the outlook for the oil market.
David Komansky, of Field Point Private Bank, discusses his firm’s unique business approach with CNBC and shares his outlook for the overall financial industry.