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Adam Sarhan MarketWatch Quote: Stock markets could retreat if debt-ceiling vote goes awry
January 23, 2013, 6:37 AM The debt-ceiling issue is set to rear its ugly head again on Wednesday. At around 12 or 1 pm Eastern time, the House of Representatives will vote on extending that ceiling until May. The goal is to calm markets and buy time to come up with a longer-term extension. The general view…
CNBC: Dow jumps 100 again, S&P positive as oil surges 8%
U.S. stocks attempted a massive comeback on Wednesday as oil prices recovered. West Texas Intermediate gained about 8 percent higher in choppy trade after the Energy Information Administration said U.S. inventories rose by 7.8 million barrels last week. Crude prices briefly erased gains following the data release, but surged on a weaker dollar. The dollar…
Reuters: US STOCKS-Wall St to open slightly higher as earnings season peaks
Thursday, February 10, 2017 * Weekly jobless claims fall to near 43-yr low of 234,000 * Twitter tanks after posting slowest revenue growth since listing * Viacom rises 4 pct as quarterly profit beats estimates * Futures up: Dow 29 pts, S&P 2.5 pts, Nasdaq 4 pts (Adds details, comments, updates prices) By Yashaswini Swamynathan…
Adam Sarhan Reuters Quote: Paulson & Co more than halves gold ETF stake in Q2
By Frank Tang NEW YORK | Wed Aug 14, 2013 8:23pm EDT (Reuters) – Paulson & Co more than halved its stake in SPDR Gold Trust, the world’s biggest gold-backed exchange-traded fund, in the second quarter, when the bullion price lost nearly a quarter of its value. The prominent U.S. hedge fund, led by longtime gold bull…
Latest Reuters Quote: METALS-Copper ends down as recovery doubts weigh
“The reason why copper is not participating to the upside right now is there are too many unanswered questions,” said Adam Sarhan, chief executive of Sarhan Capital.
He cited the rise in crude oil prices and geopolitical tensions in the Middle East, monetary tightening measures in top-consumer China, and the uncertain outcome from Japan’s nuclear crisis as being the most troublesome issues facing the global recovery.
“Investors simply do not know if these events are going to derail the global economic recovery,” Sarhan said.Sarhan In CNBC: Stocks close lower; financials fall more than 1%
Tuesday 6.14.16 4pm EST U.S. stocks closed lower Tuesday, amid declines in oil prices, as investors looked ahead to the conclusion of the Fed meeting and the U.K. vote on whether to leave the European Union. The major averages ended well off session lows, with the S&P 500 just a touch below its 50-day moving…
