Latest news with #MichaelLandsberg
CNBC
30-07-2025
- Business
- CNBC
The back half of the year sets up well for equities, says Michael Landsberg
Michael Landsberg, Landsberg Bennett Private Wealth Management CIO, joins 'Squawk Box' to discuss the latest market trends, second-half growth outlook, the Fed's inflation fight, state of the economy, and more.
Yahoo
23-06-2025
- Business
- Yahoo
Breaking: Wall Street Rallies After U.S. Hits Iran's Nuclear Infrastructure
June 23 Wall Street managed modest gains as investors weighed U.S. strikes on Iranian nuclear sites. The Nasdaq Composite climbed about 0.5%, the S&P 500 rose about 0.5% and the Dow Jones Industrial Average added about 0.4%. Most S&P 500 sectors were higher, with consumer discretionary leading, while energy lagged. Treasury yields dipped; the U.S. 2-Year Treasury yield fell about five basis points to 3.85% and the 10-Year yield eased about five basis points to 4.32%. Warning! GuruFocus has detected 11 Warning Signs with WOLF. Oil prices initially spiked but later gave back gains, trading near $74.38 a barrel as investors considered risks of Iranian retaliation, including possible Strait of Hormuz disruptions. Deutsche Bank's Jim Reid noted markets are likely focused on whether Iran might weaponize oil flows. Iran's parliament voted to close the Strait of Hormuz symbolically, though final action rests with higher authorities. Michael Landsberg of Landsberg Bennett said that while geopolitical uncertainty remains, any pronounced market reaction could create buying opportunities from reactionary sellers. This muted rally shows markets may be balancing geopolitical risks with underlying economic drivers, suggesting cautious optimism amid ongoing tensions. A measured response might open entry points for disciplined investors as volatility ripples through markets. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Breaking: Wall Street Rallies After U.S. Hits Iran's Nuclear Infrastructure
June 23 Wall Street managed modest gains as investors weighed U.S. strikes on Iranian nuclear sites. The Nasdaq Composite climbed about 0.5%, the S&P 500 rose about 0.5% and the Dow Jones Industrial Average added about 0.4%. Most S&P 500 sectors were higher, with consumer discretionary leading, while energy lagged. Treasury yields dipped; the U.S. 2-Year Treasury yield fell about five basis points to 3.85% and the 10-Year yield eased about five basis points to 4.32%. Warning! GuruFocus has detected 11 Warning Signs with WOLF. Oil prices initially spiked but later gave back gains, trading near $74.38 a barrel as investors considered risks of Iranian retaliation, including possible Strait of Hormuz disruptions. Deutsche Bank's Jim Reid noted markets are likely focused on whether Iran might weaponize oil flows. Iran's parliament voted to close the Strait of Hormuz symbolically, though final action rests with higher authorities. Michael Landsberg of Landsberg Bennett said that while geopolitical uncertainty remains, any pronounced market reaction could create buying opportunities from reactionary sellers. This muted rally shows markets may be balancing geopolitical risks with underlying economic drivers, suggesting cautious optimism amid ongoing tensions. A measured response might open entry points for disciplined investors as volatility ripples through markets. This article first appeared on GuruFocus.
Yahoo
09-05-2025
- Business
- Yahoo
Wall St closes near flat with focus on US-China talks
STORY: Stocks ended the week on a quiet note Friday as investors awaited weekend trade talks between the U.S. and China. The Dow fell about three tenths of one percent while the S&P 500 and the Nasdaq ended little changed. All three main indexes finished slightly lower for the week. Representatives from Washington and Beijing are set to meet in Switzerland over the weekend to discuss tariffs. Investors hope it will mark a first step toward ratcheting down a trade war that has sparked concerns over global economic growth and resurgent inflation. But Michael Landsberg, chief investment officer with Landsberg Bennett Private Wealth Management, says an agreement could be further down the road. 'I'd hope that we get a deal done with China, but realistically I don't think we're that close.' (FLASH) 'China's really our big issue. I think starting with the UK, it's pretty much a nonevent. That was our best trading arrangement we had anyway. So, I think it was maybe just to get a win in the win column. But I think that ultimately China is kind of the big one that's overhanging kind of the market and anticipating what's going to happen.' Markets have been volatile since Trump first announced a slew of tariffs on countries around the globe on April 2, but stocks have rebounded to near levels seen just before the duties were announced, in part due to solid corporate earnings. Of the roughly 450 S&P 500 companies that have reported earnings so far, about 76% topped analyst expectations. But many have also cut or withdrawn their forecasts due to the uncertain trade environment. Stocks on the move Friday included Pinterest which gained nearly 5% after the image-sharing platform posted solid first-quarter revenue and gave a sales forecast for the current quarter above expectations. And shares of Expedia dropped more than seven percent after the online-travel platform missed quarterly revenue estimates. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
