Breakdown or a Buying Opportunity?
Nov. 14 (Bloomberg) -- On today's "Street Fighter's," Strategas Research Partners' Chris Verrone and Asbury Research's John Kosar talks about the market sell-off. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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Will BOJ Watchers' Wait be Worth it?
20:01 - Shares in Tokyo fell, with banks slumping before the Bank of Japan’s decision on monetary stimulus on Friday, as the yen strengthened after the Federal Reserve kept interest rates unchanged. Japanese markets have whipsawed in recent weeks following differing reports on the central bank’s monetary easing program. BOJ officials are looking at multiple proposals for stimulus, the Nikkei newspaper said Wednesday. Disbursing so-called helicopter money via perpetual bonds, an idea floated by an adviser to Prime Minister Shinzo Abe, was rejected by the central bank’s governor Haruhiko Kuroda in a BBC interview broadcast last week. Japanese shares gained on Wednesday after a Kyodo News report cited Abe as saying that a stimulus package of more than 28 trillion yen ($266 billion) would be compiled next week. HSBC Global Chief Economist Janet Henry discusses with Bloomberg's Mark Barton on "The Pulse."