Stocks Get Boost From China Rally; Dollar Weakens: Markets Wrap

Author: , Post Date: October 23, 2018
image_pdfimage_print

Stocks Get Boost From China Rally; Dollar Weakens: Markets Wrap

BLOOMBERG NEWS – 10/22/2018

Cumberland-Advisors-David-Kotok-In-The-News

Excerpt below:

Stocks and U.S. futures erased losses and European contracts advanced as Chinese equities built on a Friday rally after calls for calm from the country’s top finance officials. The dollar and Treasuries dipped.

Stocks are coming off the back of four straight weeks of losses in the Asia-Pacific region, with Chinese shares still in a bear market and the trade war not letting up. White House economic adviser Larry Kudlow accused China of doing “nothing” to defuse trade tensions ahead of a likely meeting between President Donald Trump and President Xi Jinping at the G20 in Argentina next month, according to the Financial Times. Investors are now worrying that the effect of tariffs will start cropping up in U.S. company earnings amid the lack of any prospect for a resolution.

“All sides are digging deeper in concrete and that’s a very dangerous thing; we’re going to see earnings that may start to reflect it,” David Kotok, chairman and chief investment officer at Cumberland Advisors, told Bloomberg Television. “This is the first quarter where it might become visible in some of these companies.”

Read the full article at Investor’s Business Daily

cumber map
Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services. Please feel free to forward our commentaries (with proper attribution) to others who may be interested. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.
Loading...