The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
"If you look at the bond funds, like the and the BLV, those are 15 percent below their May highs," he said. "In other words, if we are truly back to QE-infinity, which many people are talking now, I'm hearing May. I'm hearing July. I'm hearing late next year for QE—that means the bonds, the long end of the bond curve is very, very cheap.
"You could have them retrace 50 percent back to the old highs, which would be a 6 to 7 percent return."
(Read more: Tesla's stock valuation a speed bump: Analyst)
On CNBC's "Fast Money," McDonald said that the case for the Federal Reserve to keep its easy-money policy rested on the damage that's been done to the economy, lower consumer confidence, weak expected corporate earnings and the likelihood that Vice Chair Janet Yellen would succeed Chairman Ben Bernanke.
McDonald suggested moving gains from the stock market into Treasury bonds.
"I think if you're up 20 percent on your equities going into the fourth quarter, I think it makes sense for the rest of the year—move some of your asset allocations into bonds," he said. "And I think you have decent risk/reward because bonds have a good chance at 5 to 7 percent in the fourth quarter."