North Korea is severing ties with South Korea in response to sanctions handed down, and the escalating tension is adding another layer of fear to the global markets. NBC’s Jim Miklaszewski has the details.
Why Chinese leaders are committed to strengthening the global recovery, with Timothy Geithner, Treasury Secretary.
Discussing whether there is a second half slowdown in the market, with John Rutledge, former Reagan economic advisor; Peter Navarro, UC Irvine business professor and Peter Morici, University of Maryland.
Discussing China’s economy, with Tim Geithner, Treasury Secretary; CNBC’s Erin Burnett; and John Rutledge, Rutledge Capital.
Monday, May 24, 2010 Stock Market Commentary: The major averages ended lower as the dollar rallied after European debt woes continued to spread. As expected volume was lighter compared to Friday’s heavy options expiration levels. Decliners led advancers by more than a 23-to-15 ratio on the NYSE and by nearly a 2-to-1 ratio on the Nasdaq exchange. New 52-week lows outnumbered new 52-week highs…
Insight on the markets with Art Cashin, UBS.
Data out from the NAR show existing home sales in April jumped to 5-month highs, with CNBC’s Diana Olick and Jack McCabe, McCabe Research and Consulting.
Pimco’s Mohamed El-Erian and Bill Gross discuss where they’re putting Pimco money right now.
Stocks took a heavy beating on Thursday, sending all the major averages below their respective 200 DMA lines on heavy volume. Stocks ended higher on Friday after the S&P 500, Russell 2000 and Nasdaq Composite all shook out below their May 6, 2010 (flash crash) low. For the week, all the major averages suffered tremendous losses and fell over -10% from their late April highs, which is the first time a pullback of that magnitude has occurred since the March 2009 low. The fact that the market rallied on Friday technically marked Day 1 of a new rally attempt which means the earliest a proper follow-through day (FTD) could occur would be Wednesday, providing Friday’s lows are not breached. However, if at anytime, Friday’s 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.
Insight on whether a deeper recession could be on the way, with Nouriel Roubini, RGEMonitor.com chairman.