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CNBC: Dow snaps 12-day winning streak ahead of Trump's speech to Congress
Tuesday, February 28, 2017 U.S. stocks closed lower Tuesday as investors eagerly awaited a speech from President Donald Trump while parsing through key economic data. The Dow Jones industrial average closed about 25 points lower, with Wal-Mart contributing the most losses. The index also snapped a 12-day winning streak. “Investors are setting up to potentially…
Adam Sarhan Reuters Quote: Instant View: Consumer prices up in September on gasoline
Tue Oct 16, 2012 8:54am EDT (Reuters) – Consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers’ spending power although faster inflation looked unlikely to derail the Federal Reserve’s ultra-easy policy path. KEY POINTS: * The Consumer Price Index increased 0.6 percent last month, in…
Adam Sarhan Reuters Gold Quote: PRECIOUS-Gold drops 1 percent on technical selling, HSBC cut
Thu Jan 24, 2013 3:03pm EST * Failure to break 50-day MA dents gold investors’ confidence * Futures volume high, partly boosted be Feb-April rollover * HSBC shifts allocation out of gold * Coming up: U.S. December new home sales Friday By Frank Tang NEW…
Quoted in Same Article as PIMCO's El-Erian: Reuters Instant View: U.S. July nonfarm payrolls up 162,000
NEW YORK | Fri Aug 2, 2013 9:10am EDT (Reuters) – U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program. The number of jobs outside the farming sector increased by 162,000, the…
Reuters Quote: Metals- Copper Ends Off As Econ Worries Trump Supply Woes
“Demand seems to be the most important side of the equation for all
capital markets right now due to the fact that you have several concurrent
themes that could drastically cut demand,” said Adam Sarhan, chief
executive of Sarhan Capital.
“If the debt situation is resolved swiftly and there is no demand
destruction in the ramifications of the debt situation, then the focus is
going to shift back to the supply side of the equation, and the strike will
re-emerge as a leading force to drive copper prices.”
CNBC Quote: Nasdaq dips 2%, Dow near 6-month low as consumer discretionary falls
By, Evelyn Cheng @chengevelyn U.S. stocks fell nearly 1 percent or more on Thursday as renewed declines in oil weighed on investor sentiment amid a slew of earnings releases and Friday’s key employment report. The major averages extended losses after the S&P 500 broke through a key level of 2,087 that many analysts were watching. Art…