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Notorious skeptic Albert Edwards says stocks just flashed a rare bear market signal that showed up before the last 2 crashes — here’s his best advice for navigating a possible meltdown
Semiconductor stocks have lagged the broader stock market’s performance, leading to the reemergence of a technical pattern that preceded the last two market crashes.
The performance of chipmakers is used as a leading indicator because their products are required in the early stages of production for a plethora of tech devices.
China’s export boom is a worrying signal that Trump’s trade war will get worse
“This growth is due to exporters’ concern that the 10% tariffs on $200 billion of exported goods to the US will rise to 25% on 1 January 2019, which has led them to front-load exports,” ING said in a report on Friday.
Exports grew 15.6% year-on-year, up from an original consensus of 11.7% growth. Once those tariff hikes kick in, these figures are likely to weaken, ING said.
Experts are pessimistic that the trade war will abate at this month’s G20 summit. US President Trump and Chinese President Xi Jinping are expected to meet at this year’s meeting at the end of November in Argentina. But hopes of a new trade deal between the countries have dampened on the back of negative rhetoric. This is despite booming demand from the US.
Famed tech investor Mary Meeker is looking to raise about $1.25 billion for a new growth fund
The premier Silicon Valley investor Mary Meeker is seeking to raise about $1.25 billion for a new growth fund, multiple sources tell Business Insider.
Meeker, who recently split off from the storied venture firm Kleiner Perkins Caufield & Byers to create her own fund, has yet to begin formal fundraising efforts. The amount Meeker seeks to raise may change in coming months, as conversations surrounding the fund’s size are still very early, the people cautioned.
In markets news
A closely watched measure of market risk has reversed course for the first time since the financial crisis — and it’s created a massive opportunity for investors
GOLDMAN SACHS: Buy these 18 stocks to profit from economic growth — and receive regular cash payments in the process
Source:: Business Insider