In a market with elevated valuations and low yields, we see pharmaceutical stocks as a respite from both.
Index charts all remain in near-term downtrends.
The technical definition of a correction is a 10% decline from the highs. Let's imagine that scenario and how to play it.
All index charts are in near-term downtrends
China cannot be the engine that global economies have relied upon if its goals have shifted back toward pulling power away from even its own leading businesses.
Don't be too trusting, too quickly. V-shaped bounces have been more common recently, but the key technical level is Monday's lows.
A poor finish Monday is what will really ramp up negative sentiment.
In response to the Evergrande situation, look for China to further its domestic focus at the expense of its global focus.
Positive chart and data signals have yet to appear.
With the NFL season under way, investment experts pick their favorite stock ideas from soda, snacks, donuts, wings and other game day treats.