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Forecasts for 2019 will be wrong, random or worse

This is the time of year for annual reckonings and predictions by strategists and analysts, illustrating little more than that they know what pleases their employers and that their powers of prognostication are non-existent. Yet, full of bravado and confidence, they explain what stocks to buy, when a recession will come along, what the Federal Reserve is going to do, ...

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US stocks rally on renewed trade hopes; pound climbs

Bloomberg US stocks joined a global rally as the outlook for trade took a positive turn and confidence grew that the British prime minister will defeat a challenge to her leadership. Chipmakers and energy producers led the S&P 500 Index higher following gains in Europe and Asia after the chief financial officer of Huawei Technologies Co. was granted bail and ...

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Asia stock traders hit ‘buy’ as US-China trade magic returns

Bloomberg The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low. To be exact, the regional benchmark is heading for its biggest jump since December 3, when the market reacted to Presidents Donald Trump and Xi Jinping’s dinner in Buenos Aires. Huawei Technologies Co.’s chief financial officer ...

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