Benzinga: Sarhan's October Macro Outlook
Tuesday October 6, 2015
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Adam Sarhan Reuters Quote: Gold down 2 percent after strong U.S. nonfarm payrolls
By Frank Tang NEW YORK | Fri Nov 2, 2012 1:18pm EDT (Reuters) – Gold slid 2 percent in heavy trade on Friday, breaking below $1,690 an ounce for the first time in about two months as an encouraging U.S. nonfarm payrolls report lowered expectations for economic stimulus provided by global central banks. Bullion hit a two-month…
CNBC: S&P below 1900; Nasdaq off 3% as biotech weighs
U.S. stocks closed sharply lower Monday as uncertainty about the timing of a rate hike and concerns about global economic growth continued to weigh on sentiment. ( Tweet This ) The S&P 500 closed down about 2.5 percent, falling below the psychologically key level of 1,900 for the first time since Aug. 26. Health care…
Adam Sarhan Reuters Quote: U.S. manufacturing grows in September for first time since May
By Leah Schnurr NEW YORK | Mon Oct 1, 2012 6:25pm EDT (Reuters) – U.S. manufacturing unexpectedly expanded in September for the first time since May as new orders and employment picked up, but the pace of growth showed the economy was still stuck in a slow recovery. The Institute for Supply Management said on Monday its…
Adam Sarhan Reuters Quote: PRECIOUS-Gold rises on technicals, short-covering after Fed move
Thu Sep 19, 2013 4:42pm EDT * Hopes of low U.S. interest rates, no Fed taper boost gold * Short-covering helps drive gold’s rally after Fed * Gold seen bottoming on charts * Coming up: CFTC Commitments of Traders report Friday (Adds trader comment, technical analysis, second byline, dateline) By Frank Tang and Clara Denina…
Adam Sarhan Reuters & CNBC.com Quote: Copper drops to 4-month low on economic jitters
NEW YORK/LONDON (Reuters) – Copper crumbled to a four-month low on Monday as commodities slumped broadly on fears of a slowdown in global economic growth triggered by political deadlock in Greece and further signs of a struggling Chinese economy. Most other metals also fell, with nickel sinking to a 2012 low below $17,000 a tonne,…
Adam Sarhan Quoted in TheStreet.com: Markets Face Housing Data, French Elections in Coming Week
NEW YORK (TheStreet) — The major averages are flirting with critical support levels, and it remains to be seen whether bulls will swoop in to defend them. “The major averages are at a critical inflection point as they are all flirting with their respective 50-day moving averages lines,” says Adam Sarhan, founder and CEO of…
