The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Recent market moves have left traders with the sensation of visiting an amusement park, said Art Cashin, director of floor operations at the New York Stock Exchange for UBS.
"It's kind of like commuting by roller coaster, you know? Lots of twists and turns and terror and you end up pretty much where you started and it cost you money," he told CNBC's "Squawk on the Street" on Monday.
The Dow Jones industrial average followed up a triple-digit drop on Friday with a more-than-200-point move to the upside on Monday. The also rose above 2,100 on the first day of the trading week.
Cashin said he is keeping his eye on resistance levels in the range of 2,094 to 2,098 on the S&P 500, adding that earnings will be a key factor in the next potential move upward.
Earnings weakness has been concentrated in energy and basic materials, but most S&P results are looking OK, said Barry Bannister, Stifel Nicolaus chief equity strategist.
In his view, markets have historically shrugged off small changes in earnings growth trends. What markets need now is for reflationary policies to get some traction, he added.
Bannister would particularly like to see the European Central Bank's stimulus program lead to growth and more stability out of China, where the central bank is trying to hit growth targets without overheating parts of the economy.
He is watching for recent correlations in the market to shift heading into the second half of the year, noting that an up market previously came with weak commodity prices, a strong dollar and a falling 10-year Treasury yield.
"Now all that's reversing. We want the 10-year yield to stabilize, we want commodities to bottom and we want the dollar to top," Bannister told "Squawk on the Street."
The biggest potential bounce could happen in the energy sector as the dollar starts to peak, he said.
While the oil market is somewhat oversupplied, Bannister believes the price is fully reflecting the negative fundamentals for after a 50 percent year-over-year fall for the benchmark. By the end of the year, he sees Brent stabilizing around $65 to $70.
Global industrials could also pick up if companies resume capital spending late in the cycle, Bannister said. The sector may also offer investors an alternative to consumer discretionary and consumer staples, which have dominated the safety trade.
"On discretionary, the middle-class consumer is going to benefit from the cheaper energy and rising wages, so there's nothing wrong with being in discretionary, you just have to be very selective," he said, adding that he would avoid the luxury end and low end.