Bloomberg China Asks Adam About China's Housing Market
Adam Sarhan discusses housing prices in China
Thursday May 11, 2017 * Macy’s profit plunges, drags down retail stocks * Snap Inc sinks on disappointing revenue, user growth * Weekly jobless claims fall to 236,000 – report * Indexes down: Dow 0.19 pct, S&P 0.32 pct, Nasdaq 0.34 pct (Updates to open) By Yashaswini Swamynathan May 11 U.S. stocks were slightly lower…
On charts, gold should find support at $US1,702, a recent low reached in late August, representing the “neckline” of a bearish double-top pattern after bullion failed to extend gains above $US1,900 an ounce twice in the past four weeks, said Adam Sarhan, CEO of New York-based Sarhan Capital.
“If we are not able to get above the all-time high, by definition the double top remains in place. In the short term, it’s definitely going to be technical pressure,” Sarhan said.
SEP 17, 2015 @ 04:31 PM A few people on the Street thought that China did not matter to the Fed’s rate decision this month. It looks like China mattered more to chairwoman Janet Yellin than most people anticipated. While the market expected the Fed to keep rates steady on Thursday, China’s slowdown adding to…
* Major indexes on track for 2nd straight week of gains * Export prices rise for third straight month * Jos. A. Bank to buy Eddie Bauer * Dow up 0.5 pct, S&P up 0.3 pct, Nasdaq down 0.1 pct By Ryan Vlastelica NEW YORK, Feb 14 (Reuters) – U.S. stocks mostly rose on Friday, with major indexes on track…
U.S. stocks closed narrowly mixed Tuesday, as some encouraging earnings reports offset pressure from declines in oil prices and continued geopolitical concerns. The major averages struggled to hold higher, giving up intraday gains that briefly took the S&P 500 into positive territory for the year and pushed the Dow Jones industrial average up more than…
The U.S. central bank is scheduled to release the minutes from its July 26 meeting at 2 p.m. in New York. The minutes are a summary of what the top Fed officials discussed during their meetings. Wall Street will be looking for clues about the Fed’s next monetary policy move. Tuesday, August 16, 2017 U.S….