Wall Street rises with Apple, easing trade fears
The Dow Jones Industrial Average .DJI rose 147.07 points, or 0.57 percent, to 26,145.99, the S&P 500 .SPX gained 12.56 points, or 0.43 percent, to 2,901.48 and the Nasdaq Composite .IXIC added 48.74 points, or 0.61 percent, to 8,002.97.
Consumer Prices SLOWS After Run-Up Earlier in 2018
Consumer-price pressures began to moderate in August after a buildup in inflation through much of the year, a positive signal for workers who have seen bigger paychecks largely eaten by price increases.
‘I’m nervous’ that a market meltdown is unfolding, investor David Tice warns
The stock market may be on the cusp of a major setback, according to David Tice. Tice, who made a name for himself in running the Prudent Bear Fund before selling it to Federated Investors in 2008, believes the market is dangerous. “I’m nervous,” he said Wednesday on CNBC’s “Trading Nation.” “We’re getting closer to a meltdown scenario. “Tice may be known as a permabear, but last December he predicted a 50 percent chance stocks would stage a 25 percent rally this year. So far in 2018, the S&P 500 and Dow are up 8 and 5 percent, respectively. The Nasdaq has rallied 15 percent. However, Tice’s bullish call came with a caveat: “Longer term, the market is going to suck.” Read More @ https://www.cnbc.com/2018/09/13/im-nervous-a-market-meltdown-is-unfolding-investor-david-tice.html
WHAT THE TECHNICAL CHARTS SAYING ABOUT SMPH & PSEi
The PSEi have been ranging after the break of the Ascending Triangle – market still nervous and the buyers stays on the sideline. We are cautious for now till next FOMC and further emerging markets currencies falls remains.
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