JeeYeon Park is a writer for CNBC.com.
Michael Browne, portfolio manager of Sofaer Global, told CNBC that “We didn’t have that ability to react in 1991 to 1993 in the way we can react today.”
Stocks opened lower Wednesday after a report showed a much sharper drop in durable-goods orders than expected. And a sharp selloff in China dragged on oil prices, which also weighed on the market. Mortgage applications also fell for the first time in four weeks. Read and listen to what the pros had to say...
Oil giants ConocoPhillips, ExxonMobil and Chevron are expected to report earnings this week, but how should investors position their portfolios? Independent oil trader Daniel Dicker, and Kevin Kerr, president and chief trading officer at Kerr Trading International, share their best energy trades.
Right now, investors should be concerned about stagflation and not inflation, said Carrie Coghill Kuntz, president and co-founder of D.B. Root & Company.