Home Business This is why Artwork Cashin says the S&P 500's transfer to a...

This is why Artwork Cashin says the S&P 500’s transfer to a brand new report could also be ‘barely suspect’

Artwork Cashin

David A. Grogan | CNBC

The S&P 500 hit an all-time excessive early Thursday, however longtime dealer Art Cashin informed CNBC he is taking a wait-and-see strategy earlier than figuring out whether or not shares are getting into a gradual upside transfer.

“The market is a superb tease right here,” Cashin mentioned on “Squawk on the Street.” “They go up, appear like they’re breaking out, after which they hesitate. They pull again into that rectangle [trading range], so we’ll give it a few days of testing and see what occurs.”

The S&P 500 was up by about 0.3% on Thursday. The broad fairness index has gained about 1% up to now month, in contrast with a roughly 4% achieve for the tech-heavy Nasdaq Composite.

Most Popular

FDA Panel Backs Second Shot for These Who Obtained J&J Vaccine

 Oct. 15, 2021 -- A FDA advisory committee on Friday voted 19-0 to authorize second doses of the Johnson & Johnson COVID-19 vaccine in...

Interview – Kentaro Fujikawa

This interview is a part of a sequence of interviews...

Ex-Theranos mission supervisor testifies that Elizabeth Holmes informed him to hide elements of testing lab

SAN JOSE, CALIF. — Daniel Edlin, a former Theranos mission supervisor who was buddies with Elizabeth Holmes' brother, testified on Friday that Holmes informed...

Recent Comments