Round up of today’s market news
North American News Closing levels: US equities chop sideways even as bond yields continue to rise Closing changes for the main US equity markets S&P 500 -14 points to 3735…
The wounded credibility at central banks raises the odds of a hawkish policy mistake
Blackrock highlights the politics around central banks Central banks are at risk of “a backward-looking response to inflation rather than a forward-looking response to growth”. That’s a line from Blackrock.…
An energy crisis long-in-the-making will be long-in-the-fixing
What’s happened here It’s $121.78 despite signs of re-tightening the Shanghai lockdown. In the bigger picture, energy is by-far the biggest winner in markets this year. Here’s a tweet on…
Houston, we have a stagflation problem
Experts from the World Bank finally admitted that the risk of stagflation is getting bigger and more real. Better Late Than Never First they ignore you, then they laugh at…
Round up of today’s market news
North American News Ugly close: S&P 500 falls into a bear market in 4% decline The Nasdaq is now 33% from the high It was a bloodbath in US stocks…
Round up of today’s market news
North American News Major indices have their worst week since January. NASDAQ index tumbles -5.6% Indices close near lows The stronger than expected CPI reversed pre-market stock gains and pushed…
The market is growing uneasy about a new European debt crisis
The euro reverses Christine Lagarde was asked repeatedly about ‘fragmentation’ in eurozone bond markets today. Once she even went off script to dwell on the topic further. The code word…
The market is pricing in a more-hawkish Fed
Illusions about a September pause are dead Today’s US inflation report laid bare some of the lies the market has been telling itself in the past few weeks. The idea…
3 Stock Indices to Watch Right Now
There’s never been a better time to look at stock indices. Index trading is defined as the buying and selling of a specific stock market index. Investors will speculate on…
Round up of today’s market news
North American News US stock indices close at session lows The major US indices are trading sharply lower on the day in closing on the lows. The downside was led…
Cryptocurrency’s lingering lull
A crypto summer lull that started a month ago may not be any easier. Bitcoin was down 3.7% on Wednesday, ending the day near the $30.2K level, which it remains…
Round up of today’s market news
North American News US major indices all close lower. S&P index closes down around -1% NASDAQ index 25% below its all-time high. S&P index is down close to -15% The…
US housing worries continue to ramp up as mortgage applications slow
Was this already priced in? US housing data offers an interesting look at how markets and economic data work. At the moment, the reports of a slowdown in US housing…
Bitcoin swings in a tight cage
The market dynamics of the last few days indicate that the whales are making some big transfers of bitcoin from one pocket to another. Bitcoin continues its wild swings between…
Round up of today’s market news
North American News US stocks post a strong turnaround after a poor start S&P 500 up nearly 1% The bulls scored a nice victory today but it took a reversal…
The bears threw everything at oil and it rallied anyway. It now looks unstoppable
What more do you need to see? Oil at $120 will be seen as cheap later this year If you were to go back and construct a bearish case for…
Bitcoin bond still on hold, El Salvador accused of human rights violations
El Salvador’s finance minister believes the ongoing price volatility of Bitcoin means the awaited “Bitcoin bond” won’t be launched anytime soon. Meanwhile the country faces a “human rights crisis.” El…
World Bank lowers 2022 global GDP forecast to 2.9% from 4.1%
A sign of the times. The prior forecast was from January Risks of stagflation, Ukraine war and China lockdowns hitting growth Recession will be hard to avoid for many countries…
How you can use Shiba Inu tokens to rent Ferrari, Lamborghini, and Rolls-Royce supercars
Shiba Inu price has bounced back as the meme coin partners with Travala, SHIB can be used to book flights, hotels, and supercars. 101.6 million Shiba Inu tokens were burned…
Round up of today’s market news
North American News Modest gains for the US indices NASDAQ up 0.4%. Dow up 0.05% The major US stock indices are ending the day with modest/small gains. The NASDAQ index…