After plunging 600 points in the morning, the Dow Jones Industrial Average gained all of its losses back - and then some. But the uncertainty that still persists makes it difficult to call a bottom, Apriem CIO Benjamin Lau tells CNBC. Below is an excerpt from the article: Benjamin Lau, chief investment officer of Apriem
Following the stock market's worst Christmas Eve, traders "bought the dip" and sent the indexes soaring higher for an equally historic surge. However, Apriem's Benjamin Lau warns that sellers aren't through with this market yet. Below is an excerpt for the article in USA Today. "I’m not convinced this is a turnaround rally," said Benjamin Lau,
With the government shut down and political chaos taking center stage, the stock market joined in on the panic in a shortened session before the holiday. However, economic fundamentals remain solid, Lau tells USA Today. Below is an excerpt from the article: "The government shutdown doesn’t destroy the economy per se, but it destroys investors' appetites
After being down by as much as 308.31 points, the Dow Jones Industrial Average settled with a dip of about 200 points amid concerns of cratering gas prices and disappointing data out of China. Apriem's Chief Investment Officer, Benjamin Lau, discussed the trend with CNBC. Below is an excerpt of the article: "The overall trend
Even though it occurred as predicted, the stock market stability after the midterm election came as a relief to many. Apriem’s Benjamin Lau tells Bloomberg that may went long just because the uncertainty had passed. At Apriem’ Advisors in Irvine, California, chief investment officer Benjamin Lau lowered cash to 15 percent from 20 percent just
While stock markets jump after the midterm election, analysts are now looking at trade policy between U.S. and China as the next big market wave. Apriem’s Benjamin Lau talks to The Wall Street Journal about the outlook: Benjamin Lau, chief investment officer of Irvine, Calif.-based Apriem Advisors, is wagering that a resolution to the months
After a sluggish year, industrials have seen the highest growth since March. Apriem's Benjamin Lau tells The Wall Street Journal that the recent strength in the sector is mostly due to domestic demand. See excerpt below: And some analysts think strength in the U.S. economy could continue to underpin manufacturing stocks, even as global trade
Stocks dip mildly amid reports of additional tariffs on Chinese goods. Our Chief Investment Officer Benjamin Lau commented on the trend with CNBC. Below is an excerpt: "Trade has been the focus this week and the past month," said Benjamin Lau, chief investment officer of Apriem Advisors. "But the muted reaction shows investors are a
With positive earnings adding even more fuel to the market rally, some hedge funds with short positions have been caught on the wrong side of the bet. Our Chief Investment Officer Benjamin Lau, who has been long and strong throughout the historic market run, commented on the trend with Bloomberg. Below is an excerpt: “The
With the retail sector continuing its transition into the e-commerce era, big-box powerhouse Target hit the bullseye in the second quarter and cashed in on the downfall of Toys R Us. Our own senior financial analyst, Jennifer Olson, weighed in on the trend with TheStreet. An excerpt is below: "I think that's very smart...to
