By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
BusinessLogrBusinessLogr
Aa
  • Home Beauty
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Darst: The markets lack confidenceDarst: The markets lack confidence
Share
BusinessLogrBusinessLogr
Aa
Search
  • Home Beauty
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
BusinessLogr > Investing > Darst: The markets lack confidenceDarst: The markets lack confidence
Investing

Darst: The markets lack confidenceDarst: The markets lack confidence

deep
Last updated: 2015/12/20 at 6:44 AM
deep Published December 20, 2015
Share
1 Min Read
SHARE

Trader on the floor of the New York Stock Exchange.

The Federal Reserve’s decision to raise interest rates on Wednesday led to a market relief rally, but now all eyes are on the markets as oil continues to plunge well after OPEC’s decision to keep its output levels.

U.S. stocks traded at session lows on Friday with the Dow closing more than 350 points under.

“The world is swimming in oil, the world is swimming in cash, the world is swimming in monetary stimulus; what it lacks is business confidence,” David Darst, independent investment consultant at Morgan Stanley Wealth Management, told CNBC’s “Closing Bell” on Friday.

Attributing the volatility of the market to lack of confidence, Darst finds low oil prices to be “incredibly stimulative.”

“We have the uncertainty of an election year; we have 39 percent bears now, the long term average is 30 percent,” he said. Despite the bears being out, Darst is pretty bullish about energy stocks.

“This is a good time to be picking up stocks that have good dividend protection in the energy sector,” he noted. “Can they maintain the dividend, if so? Then you want to nibble at some of these energy stocks that can keep their dividend.”

[“source -cncb”]

You Might Also Like

Casey wiegand income in banks

brandon straka income in banks

Modere income disclosure 2021

Steve wallis youtube income

Modere income disclosure in banks

TAGGED: Darst: The markets lack confidence

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
deep December 20, 2015
Share this Article
Facebook Twitter Email Print
Share
Previous Article The new funk on Wall Street: Why stocks are down today
Next Article Cramer: Amazon should run the stock market

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • bmo harris express loan payment
  • payday loans that work with chime bank
  • find a loan shark on craigslist

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • bmo harris express loan payment
  • payday loans that work with chime bank
  • find a loan shark on craigslist

Recent Posts

  • The Essence of Public Storage Units
  • Guide to Retirement Planning: Putting Money Into the Future

FOXIZ

© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?