Is Thursday's stock tumble just a bank-oriented hiccup in a new bull market — or par for the course in a bear-market rally? Robin Griffiths of Cazenove Capital offered CNBC his chart analysis.
Stocks turned lower on Thursday as bank stocks backed off their early rally. Fed Reserve Chairman Bernanke said increasing the effectiveness of bank supervision is a "top priority" for the Fed. Treasury Secretary Tim Geithner sought to ease fears about the results by saying that none of the banks being tested face the risk of insolvency.
Today's open looks a lot like yesterday: 1) We had a piece of somewhat surprising good news (yesterday: the ADP report, today: retail sales better than expected), and 2) The market opened strong and traders immediately sold into the rally.
Yesterday was another 90 upside day (where 90 percent of the volume was on the upside), which, according to Lowry, is the eighth 90 percent upside day since the market bottom on March 9th. The S&P 500 is now positive for the year, the Dow Industrials still down 4 percent.
Two experts, Neil Hennessy, portfolio manager at Hennessy Funds and Kevin Caron, market strategist at Stifel Nicolaus, discussed the market rally’s sustainability and the best places to invest.
The CNBC Stock Blog is a cross-section of expert opinions and insights from our TV and Web site coverage. This blog includes posts written by and about top analysts and strategists, super-investors and CNBC's own market mavens. You'll find stock picks, news about publicly-traded companies, commodities, hot sectors, ETFs and the latest options action.
CNBC's Steve Liesman provides insight into the highlights of Fed Chair Janet Yellen's comments at The Economic Club of New York.
Wednesday, 16 Apr 2014 | 12:15 PM ET
Josh Spencer, T. Rowe Price portfolio manager, encourages investors to get some guts and buy into growth stocks like Tesla and Amazon. He shares his opinions on some of the old tech names.
Wednesday, 16 Apr 2014 | 10:01 AM ET
Discussing how to buy in volatile market conditions and the investment banking market, David Katz, Matrix Asset Advisors CIO, and Charles Bobrinskoy, Ariel Investments vice chairman & portfolio manager.