Why an “ugly” 10% to 15% selloff in the stock market may be months away

Why an “ugly” 10% to 15% selloff in the stock market may be months away

Veteran trader and Thinkorswim founder Tom Sosnoff is a contrarian by nature. And where the markets are currently trading has set off some internal alarm bells. “I don’t think we’re going to turn around and crash or anything like that, but I just think the odds favor the downside in the market,” Sosnoff told me … Read more

Ex-Fed chairmen condemn Trump’s attempt to weaken the central bank’s independence

Ex-Fed chairmen condemn Trump’s attempt to weaken the central bank’s independence

Every living former head of the Federal Reserve condemned an “unprecedented” attempt by the Trump administration to weaken the independence of the US central bank after the Justice Department opened a criminal investigation into its chairman, Jerome Powell. Former Fed chairman Alan Greenspan, Ben Bernanke and Janet Yellen warned that similar attacks in other countries … Read more