October 18, 2019 – In today's Financial Sense Newshour, Ryan Puplava, CEO of Financial Sense Wealth Management, gives this week's market wrap-up and says 3rd quarter earnings are expected to decline and over 80 companies have now warned of lower guidance. He also discusses the current economic backdrop, the latest developments in trade talks, and more.
Next, for today's market technician, we speak with "Bullseye" Craig Johnson at Piper Jaffray who discusses the rotation by investors into value stocks and why this will be tough for FAANG stocks (Facebook, Amazon, Apple, Netflix, and Google) and tech more broadly. Craig also says that energy is a "deep value" area for long-term investors.
Our guest expert today is Marc Chandler, Managing Partner and Chief Market Strategist at Bannockburn Global Forex. Marc is making a big call on the dollar and says that its 10-year bull market is in the process of topping out. Why is this such a big deal? Listen and find out!
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Discussed in today's program:
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