Larry Fink on US Economy, the Dollar, Market Timing, and China
The S&P 500 Index (SPY) showed a strong performance after the US election, rallying nearly 4.6% between November 8 and December 30.
The rising trade imbalance between the US and China indicates the growing presence of Chinese products in the US market.
Larry Fink said in an interview with CNN that investors should stop trying to time the market and stay invested.
Larry Fink believes the stronger US dollar could be a headwind for the US economy in the coming year.
According to Larry Fink, the US economy is gaining momentum. Various economic indicators showed signs of recovery in mid-2016.
Of the top ten largest institutional owners of Philips 66 Partners’ (PSXP) stock, nine increased their holdings in PSXP according to their latest filings.
Mario Gabelli discussed, in his recent CNBC interview, his top stock picks and top sectors.
Mario Gabelli shared his views on inflation expectations in his recent CNBC interview.
On Tuesday, January 10, 2017, Citi (C) recommended a “sell” for Goldman Sachs (GS). According to Citi, the path is uncertain for the company.
Billionaire investor Mario Gabelli discussed the outlook for the US economy in his recent CNBC interview.
On Tuesday, January 10, 2017, in an interview with CNBC, billionaire investor and the chief executive officer of Gamco Investors discussed his views.
US wage growth is another factor that’s supporting investment in US markets (VFINX) (IWM).
The US dollar index (UUP) is getting stronger day by day. It rose nearly 4.4% between November 8, 2016, and December 30, 2016.
According to Goldman Sachs, the single most important thing for the economy and the market is the proposed corporate tax deduction.
Since the US presidential election, emerging markets (EEM) have seen huge fluctuations.
The S&P 500 Index (SPY), the Nasdaq Composite Index, and the Dow Jones Industrial Average Index (DIA) rose nearly 6.3%, 7.1%, and 8.8%, respectively, between November 8, 2016, and January 11, 2017.
According to Marc Lasry, heavy oil-weighted (USO) (UCO) (UWTI) stocks could be a better bet in the overall energy sector.
According to Lasry, European fundamentals and economic growth still need to improve. That provides opportunities to invest in the economy.
Lasry believes one factor that could disturb the market rally in 2017 is systemic risk.
In his January 4, 2017, interview with CNBC, Marc Lasry talked about Trump’s administration and said he’s optimistic about Trump’s cabinet selections.