The Deflation Trade
Airtime: Tues. May 18 2010 | 12:08 PM ET
Best trades in a deflationary environment, with Stuart Freeman, of Wells Fargo Advisors, and Todd Colvin, of MF Global.
Airtime: Tues. May 18 2010 | 12:08 PM ET
Best trades in a deflationary environment, with Stuart Freeman, of Wells Fargo Advisors, and Todd Colvin, of MF Global.
As the Japanese yen hits an 8-month high against the dollar, Timothy Connors, corporate forex manager at Custom House Western Union, speaks to CNBC’s Yousef Gamal El-Din, Maithreyi Seetharaman & Sri Jegarajah about whether the BOJ will intervene to slow the currency’s climb.
Insight on the risks facing global economic recovery, with Abby Joseph Cohen, president of the Global Markets Institute at Goldman Sachs.
Discussing the risk of global currency wars, with Christian Carillo, head of Asia-Pacific interest rate strategy at Societe Generale Corporate & investment Banking. He tells CNBC’s Karen Tso and Sri Jegarajah, that with economies underperforming, domestic political pressures will increase for measures that will not be beneficial to anyone.
CNBC’s David Faber and other market insiders weigh in on the SEC’s charges that Goldman Sachs allegedly committed fraud with subprime mortgages.
“As far as I’m concerned the technicals are in tact, says Guy Adami. We said the S&P would over-correct to the upside and trade up to 1130 and then turn lower — and it did. Now we’re likely in the next leg lower. We have to see what happens as the S&P trades down to the lower end of the range – around 1040 – will it hold next time we test it?
The patterns in the S&P suggest that support will not hold this time, adds Oppenheimer’s Carter Worth. My persumption is we break lower. I think we go to 980. I don’t think a great crash is coming but we are clearly entering a period when the downside should be the focus of investors.”
Firm to spin off a significant portion of its prop trading, with CNBC’s Kate Kelly and Dick Bove, Rochdale Securities.