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Big banks are safe-haven bets: Mayo

Some traders are avoiding the energy space after WTI crude broke below $30 on Tuesday, but one analyst believes that the banks are actually insulated from the underperformance of the energy space. Top banking analyst Mike Mayo of CLSA said on CNBC’s “Fast Money Halftime Report” that he doesn’t think that banks have significant exposure to the problems in energy. ... Read More »

In strange twist, the worst stocks are skyrocketing

From the beginning of the year through Wednesday’s close, shares ofWilliams and Freeport-McMoRan fell 47 percent and 45 percent, respectively, making them the worst-performing S&P 500 components by far. On Thursday, Williams led the index with a 21 percent rally, as Freeport nipped at its heels with a 9 percent rise. Crude oil’s more than 3 percent bounce no doubt ... Read More »

Lame duck presidents are bad for stocks

This has been the worst start to a year on record, triggering bearish warning signs on several of our New Year seasonal indicators. There have been few places to hide, barely any respite and little solace. With our “Santa Claus Rally” and “First Five Days Early Warning System” in the red and the Dow’s December closing low violated, a positive ... Read More »