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Sarhan in CNBC: US stocks slide, pulling back from record highs; Fed minutes eyed
Tuesday, August 16, 2016 3:25pm Stocks slipped Tuesday, led lower by telecommunications, as investors awaited the release of the minutes from the Federal Reserve’s July meeting. “I think we had a little bit of profit taking. We had that trifecta concurrent record high yesterday. Part of it might be driven by the fact that we…
CNBC Quote: Dow briefly adds 100 points as stocks bounce; Greece eyed
U.S. stocks traded higher on Wednesday, recovering some of Tuesday’s sharp decline, as investors eyed Greece headlines amid continued rise in the dollar and bond yields. The Dow Jones industrial average briefly gained more than 100 points soon after the open. The blue chip index fell as much as 242 points on Tuesday before closing…
Adam Sarhan Reuters Quote: Gold higher as U.S. consumer prices rise, dollar drops
By Frank Tang NEW YORK | Tue Oct 16, 2012 2:56pm EDT (Reuters) – Gold rose on Tuesday to snap two days of hefty losses lifted by a broad dollar drop and by data showing U.S. consumer prices climbed but not enough to derail the Federal Reserve’s ultra-easy monetary policy. The metal rebounded from Monday’s one-month low,…
Adam Sarhan Dow Jones Newswires Quote: MARKET TALK: Cotton Futures Barely Budge on Lack of Buying
15:16 EDT – Cotton futures continue to loll around between 70c. and 72.50c/lb. with China off on holiday. Volume was very thin at just 55% of 2012’s average daily volume. “Cotton continues to go virtually nowhere as it continues tracing out its long base,” says Sarhan Capital’s Adam Sarhan. A robust USDA export sales report…
Adam Sarhan Reuters Quote: Hedge Funds Plow into Commodities Just Before QE3: CFTC
By Barani Krishnan NEW YORK | Fri Sep 14, 2012 6:44pm EDT (Reuters) – Hedge funds and other big speculators pumped more than $6 billion into U.S. commodity markets this week, the most in three weeks, just before the Federal Reserve announced a third round of stimulus for the U.S. economy, trade data showed on Friday. With…
Adam Sarhan Reuters Quote: COMMODITIES-Markets slump as Fed disappoints; oil at 18-mth low
Wed Jun 20, 2012 6:01pm EDT * CRB falls back after Tuesday’s biggest rally in 4 months * Brent oil at 18-month low after Fed move and stockpile rise * US copper down 2 pct; arabica coffee loses 3 pct By Barani Krishnan NEW YORK, June 20 (Reuters) – Commodities slumped on Wednesday, a day…
