Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.U.S. Newsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
You can save money by doing a quick check and unsubscribing from apps you no longer use.Technologyread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Investors are holding out hope that Fed Chair Jerome Powell lays the groundwork for a rate cut as soon as July. Even just one this year would be a mistake, says Amanda Agati,...Trading Nationread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
A wild week on wall street. In the prior four days, the had an average daily movement of nearly three percent.
The Dow seeing its narrowest trading range since August 18.
Two money managers offering their take on the extreme volatility. Phil Orlando is Chief EquityStrategist and Senior Portfolio Manager with Federated.
Orlando says "the VIX was dramatically overbought on Monday. " He goes on to say "stocks were significantly oversold, selling at only 13.8 times our estimated $135 EPS for 2016, which is nearly 74% below the value of Treasuries in the Fed model."
Orlando says "we have not seen a valuation imbalance – between stocks and treasuries – this significant since the bottom of the Great Recession in March 2009. "
Orlando's bottomline, Federated's "2,500 price target remains intact for year-end 2016." That would imply total return of about 35% over the next 16 months from Monday's trough.
Orlando does admit the equity market may have sustained too much technical damage recently to rebound fully to his 2,350 target by year-end 2015.
Jordan Posner is Managing Director and Senior Portfolio Manager with Matrix Asset Advisors.
Posner says "while the market correction has been unsettling, we believe the pull-back is closer to ending than beginning."
Posner points out that many areas of the market have had much deeper sell-offs, with many stocks down 10 to 25%.
He feels the "damage has probably already been done." Posner goes on to say, "we aren't calling a bottom; this week's market action has shown, anything can happen in the short-term."
Posner advises using the volatility advantageously by getting bargain prices on solid companies with good long-term prospects.
Posner says, "look for the bigger losers, rather than sticking to recent strength."