‘Buyers strike’ is over, post-election stock rally has legs

first_img“There’s been a buyers’ strike for the last three weeks to cash,” but now that money is beginning to work its way back into stocks and helping propel the major U.S. equity indexes higher, Lee said on “Halftime Report.” “There’s been $4.5 trillion on the sidelines. Retail raised a lot of cash. People were really stressed into this. Now we have less uncertainty. Still uncertainty, but less and that’s why we’re rallying.” (This story is for CNBC Pro subscribers only.)The rally on Wall Street after Election Day may have momentum to continue into the end of the year, Fundstrat Global Advisors founder Tom Lee told CNBC on Wednesday.While the presidential race between President Donald Trump and Democratic challenger Joe Biden has not been decided, Lee said investors still have more clarity now than they did in the weeks preceding the election.- Advertisement – A trader works on the floor of the New York Stock Exchange.Adam Jeffery | CNBC – Advertisement – – Advertisement –last_img read more

Julian Buescher accepts Generation Adidas contract and becomes eligible for MLS SuperDraft

first_img Facebook Twitter Google+ Syracuse midfielder Julian Buescher has accepted a Generation Adidas contract offer from Major League Soccer and will be eligible for the 2016 MLS SuperDraft, he announced via Instagram. He is just the second player to leave Syracuse early for the MLS. Former goalkeeper Alex Bono became the first last year.AdvertisementThis is placeholder textThe 2016 draft will be held on Jan. 14.Buescher had a breakout sophomore season in 2015 leading the Orange to its first Final Four appearance and was named to the College Cup All-Tournament team. He was also a semifinalist for the Hermann Trophy — college soccer’s top individual honor.The German native led SU with 11 assists on the season and was second on the team with 27 points after recording just five points on five assists his freshman year.Buescher is projected by SBI Soccer to go No. 13 overall to D.C. United.Syracuse forward Ben Polk is also eligible for the draft and will be participating in the MLS players combine from Jan. 7 to Jan. 12, according to MLSsoccer.com. Comments Related Stories Julian Buescher thrives at college level after leaving career in GermanyJulian Buescher named semifinalist for award honoring nation’s top playerJulian Buescher assists on both Syracuse goals in NCAA tournament winFormer Syracuse goalie Alex Bono lives professional dream after training with United States national teamHeavy lifting: Ben Polk carries aspects from turbulent childhood into SU career Published on January 7, 2016 at 3:01 pm Contact Jon: jrmettus@syr.edu | @jmettuslast_img read more