Finance
Stock market news today November 9
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Notorious skeptic Albert Edwards says stocks just flashed
a rare bear market signal that showed up before the last 2
crashes — here’s his best advice for navigating a possible
meltdown
Semiconductor stocks have lagged the broader stock market’s
performance, leading to the reemergence of a technical pattern
that preceded the last two market crashes.
The performance of chipmakers is used as a leading indicator
because their products are required in the early stages of
production for a plethora of tech devices.
China’s export boom is a worrying signal that Trump’s
trade war will get worse
“This growth is due to exporters’ concern that the 10% tariffs on
$200 billion of exported goods to the US will rise to 25% on 1
January 2019, which has led them to front-load
exports,” ING
said in a report on Friday.
Exports grew 15.6% year-on-year, up from an original consensus of
11.7% growth. Once those tariff hikes kick in, these figures are
likely to weaken, ING said.
Experts are pessimistic that the trade war will abate at this
month’s G20 summit. US President Trump and Chinese President Xi
Jinping are expected to meet at this year’s meeting at the end of
November in Argentina. But hopes of a new trade deal between the
countries have dampened on the back of negative rhetoric. This is
despite booming demand from the US.
Famed tech investor Mary Meeker is looking to raise about
$1.25 billion for a new growth fund
The premier Silicon Valley investor Mary Meeker
is seeking to raise about $1.25 billion for a new growth fund,
multiple sources tell Business Insider.
Meeker, who recently split off from the storied venture firm
Kleiner Perkins Caufield & Byers to create her own fund, has
yet to begin formal fundraising efforts. The amount Meeker seeks
to raise may change in coming months, as conversations
surrounding the fund’s size are still very early, the people
cautioned.
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