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Beware of the economy's 'last mile': advisor

Summit Place Financial's Liz Miller says the markets are rising now on increasingly stronger economic data. But she tells Reuters' Fred Katayama that longer term, the economic recovery could plateau as businesses fail and some workers become permanently unemployed. source http://www.reuters.com/video/2020/06/17/beware-of-the-economys-last-mile-advisor?videoId=714437473&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

[dontcallthebank]

Buy euros instead of stocks: trader

With stocks near record highs, Jeff Tomasulo of Vespula Capital says investors are better off buying currencies like the euro to bet against the U.S. dollar. He tells Reuters' Fred Katayama they should consider assets that are not correlated to stocks. source http://www.reuters.com/video/2020/06/16/buy-euros-instead-of-stocks-trader?videoId=714371534&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

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Buy work-from-home stocks: Fund manager

The co-manager of the highly-rated William Blair Large Cap Growth Fund, Jim Golan, says the Fed's determination to keep rates low will keep driving stocks higher. He tells Reuters' Fred Katayama he favors stay-at-home stocks like Microsoft and AMD because working-from-home will become a trend, not a fad. source http://www.reuters.com/video/2020/06/15/buy-work-from-home-stocks-fund-manager?videoId=714301505&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

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Virus wave fears slam Wall Street

Stocks on Wall Street dropped sharply Monday morning with the Dow dropping 600 points and the S&P 500 falling below 3,000 points after a spike in new coronavirus cases in China and parts of the United States dampened hopes of a swift economic recovery. Fred Katayama reports. source http://www.reuters.com/video/2020/06/15/virus-wave-fears-slam-wall-street?videoId=714295078&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

[dontcallthebank]

Wall Street ends higher

U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes suffered their biggest weekly percentage declines since March. Fred Katayama reports. source http://www.reuters.com/video/2020/06/12/wall-street-ends-higher?videoId=714213447&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

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Market sentiment has shifted: wealth manager

Mercadien Asset Management's Ken Kamen says investors are now more focused on infections than on vaccines. But he tells Reuters' Fred Katayama, he does not see the markets descending into a correction. source http://www.reuters.com/video/2020/06/12/market-sentiment-has-shifted-wealth-mana?videoId=714210803&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

[dontcallthebank]

Dow plunges 1861 points

Wall Street plummeted Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve. Fred Katayama reports on the market action. source http://www.reuters.com/video/2020/06/11/dow-plunges-1861-points?videoId=714167142&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

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S&P 500 rebounded too much: strategist

As stocks plunged Thursday, National Securities' Art Hogan said the S&P 500 was overvalued at the 3200 level. He tells Reuters' Fred Katayama that investors might consider getting back into the market at 2900. source http://www.reuters.com/video/2020/06/11/sp-500-rebounded-too-much-strategist?videoId=714163233&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

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S&P 500 ends lower after Fed statement

The Dow and S&P 500 ended a choppy session lower Wednesday after the Federal Reserve reassured investors of its support for the economy but projected a 6.5% decline in gross domestic product this year. Fred Katayama reports. source http://www.reuters.com/video/2020/06/10/sp-500-ends-lower-after-fed-statement?videoId=714114714&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

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Fed's low rates spark speculation concerns: advisor

Gerber Kawasaki's Ross Gerber says Fed Chair Jerome Powell is doing an A+ job, but he fears that Powell's pledge to keep rates low will further fan speculation in stocks. Gerber tells Reuters' Fred Katayama he has lowered his stock allocation to the lowest it has ever been. source http://www.reuters.com/video/2020/06/10/feds-low-rates-spark-speculation-concern?videoId=714111077&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

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Dow, S&P pull back, Nasdaq sets record

The S&P 500 and Dow fell Tuesday after recent strong gains, while the Nasdaq ended at an all-time high for a second straight day after briefly rising above the 10,000 mark for the first time. Fred Katayama reports. source http://www.reuters.com/video/2020/06/09/dow-sp-pull-back-nasdaq-sets-record?videoId=714063587&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

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Stocks due for pause or pullback: strategist

O'Neil Global Advisors' chief investment officer Randy Watts says it's time to take some profits after the huge run-up in stock prices. But he tells Reuters' Fred Katayama he still sees the markets moving higher over the next year. source http://www.reuters.com/video/2020/06/09/stocks-due-for-pause-or-pullback-strateg?videoId=714059416&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

[dontcallthebank]

Nasdaq hits record close

The Nasdaq closed at a record high Monday, confirming a bull market began on March 23 as expectations for a swift recovery from a coronavirus-driven downturn increased. Fred Katayama reports. source http://www.reuters.com/video/2020/06/08/nasdaq-hits-record-close?videoId=714018889&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

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Market's next big move is likely down: Ball

SMH Group CEO George Ball sees the S&P 500 theoretically falling to as low as 2250. He tells Reuters' Fred Katayama corporate earnings next year will likely be much lower than Wall Street expects. source http://www.reuters.com/video/2020/06/08/markets-next-big-move-is-likely-down-bal?videoId=714016203&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

[dontcallthebank]

Stocks surge on strong jobs report

Wall Street surged on Friday after a strikingly upbeat May jobs report unexpectedly provided the clearest evidence yet that the U.S. economy is headed for a quicker-than-anticipated recovery. Fred Katayama reports. source http://www.reuters.com/video/2020/06/05/stocks-surge-on-strong-jobs-report?videoId=713921648&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

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Wall Street looks for more positive surprises: wealth manager

The Bahnsen Group's David Bahnsen tells Reuters' Fred Katayama that May's astonishingly strong jobs report has left some investors wondering whether they were too pessimistic about the prospects for an economic recovery. source http://www.reuters.com/video/2020/06/05/wall-street-looks-for-more-positive-surp?videoId=713916112&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303

[dontcallthebank]

S&P snaps four-day rally

The S&P 500 lost ground Thursday as investors took profits in advance of Friday's jobs report, ending a four-day rally driven by rising economic sentiment. Fred Katayama reports. source http://www.reuters.com/video/2020/06/04/sp-snaps-four-day-rally?videoId=713872573&feedType=VideoRSS&feedName=PersonalFinance&videoChannel=303