Round up of today’s market news
North American News S&P 500 reclaims 3900 but remains negative, and the Dow Jones drops more than 150 points on risk aversion The S&P 500, the Dow Jones, and the…
Two reasons oil could continue to rally
What’s next for crude oil I want to highlight two critical oil charts. The first is from Goldman Sachs and it illustrates broad levels of oil spending globally. Remember that…
If Wal-Mart and Target can’t navigate inflation, then who can?
Ugly day in markets The wheels are truly coming off today in markets as we carve out new lows. S&P 500 down 136 points or 3.36% Nasdaq down 4% The…
Round up of today’s market news
North American News US stocks close near session lows and another horrible day to the downside NASDAQ falls -4.73% The major US indices are all closing sharply lower as concerns…
Target and Wal-Mart earnings are a dire signal on inflation
It’s tough to see how prices don’t go even higher Share of Target are down 24.5% in the pre-market after missing badly on earnings despite growing revenue and traffic. The…
Round up of today’s market news
North American News Tech stocks rebound and so do banking shares in a broad rally Solid gains for the major indices led by the NASDAQ index Tech stocks, bank stocks,…
Bitcoin’s short-term upward channel
So far, there is little reason to argue that a prolonged rise will follow the current buying. On Monday, Bitcoin was down 3.6%, ending the day around $29.9, but is…
Powell: We need to see growth moving down
Comments from Powell at a WSJ event Reports that there’s broad support for having 50 bps on the table at the next two meetings Expresses uncertainty about the economy Financial…
Round up of today’s market news
North American News US major indices mixed with Dow higher, S&P and Nasdaq lower Major indices off to a mixed start to begin the trading wee The US major indices…
This kind of thinking is a recipe for disaster
What goes down doesn’t always go up Luna — recently at top-5 crypto — has imploded down to nearly nothing. It’s been shattered along with a disastrous plan to use…
Round up of today’s market news
North American News Rebound?US stocks move higher today, but still down on the week NASDAQ and S&P down for the 6th consecutive week. Dow down for the 7th consecutive week…
Oil is now higher for the week. Why that’s so remarkable
Third straight week of gains The resilience in the oil market this week is shocking. Consider: Brutal market for risk assets with stock markets down six weeks in a row…
Round up of today’s market news
North American News Nasdaq erases declines. Closes marginally higher. Dow and S&P close lower Nasdaq erases a decline of -2.25%. The Dow was down as much at 605 points at…
Fed Chair Powell says factors outside the Fed’s control may mean a hard landing
Federal Reserve Powell interview, highlights come via Reuters: “Whether we can execute a soft landing or not, it may actually depend on factors that we don’t control.” executing a soft…
Is The Housing Bubble The Next To Burst?
With stock prices cratering and bond yields soaring, it’s a fair question to ask if the housing bubble is about to burst, too. After all, home prices have skyrocketed in…
Round up of today’s market news
North American News NASDAQ index falls another 3%+ on the day All FAANG stocks in bear territory now Another we close for the NASDAQ index. It is closing down -373…
Biden may be employing a carrot-and-stick strategy with China on covid-zero
Two developments over the past day: Are they related? A shock headline yesterday came from the World Health Organization, who told China it’s time to shift away from its dynamic…
Mike drop: There’s no coming back from this for the faces of cryptocurrency
The two Mikes: Novogratz and Saylor are dead-reputations walking Michael Novogratz and Michael Saylor are two of the most-prominent evangelists of cryptocurrency. They first made his reputation in financial markets…
Round up of today’s market news
North American News uS major indices closing the day with mixed results NASDAQ rebounds. Dow down. S&P up modestly The major US indices are ending the day mixed results. The…
Stock of the Week
This week’s pick is: Digital Realty Trust, Inc. (NYSE:DLR) Risk and returns are inversely correlated. It’s a truth that all investors have to manage in their portfolios. The lower the…