Bitcoin & Bullion Bid As Hawkish FedSpeak Hammers Stocks & Bonds Stocks had limped higher all night after four straight days lower but into the cash open, Fed's Williams ruined the party by admitting that while rate-hikes are not 'his baseline' they are possible if the data warrants. But that dip was bought aggressively after the open. Stocks were spooked a little by the 'no landing' narrative screaming from Philly Fed's data (showing HL improvement but soaring prices-paid, and...
Crude-Crash Saves Stocks From CTA-Slaughter; Bonds Bid But Bitcoin Battered A volatile day for markets (relatively speaking) with crude and crypto the high- low-lights. Goldman's trading desk (Lee Coppersmith) noted that for the first time all year, it feels like the market is starting to question the strong growth narrative on the back of weaker earnings this AM: ASML -8% spilling into all Semis; JBHT a bellwether transport -7.5% and KNX -3.5% cut their forecast; Industrial REITs...
Gold Hammered As Short-Squeeze Saves Stocks Ahead Of Micro/Macro Storm This Week The "calm before the storm" of earnings and big macro this week (and no WW3 this weekend) was all the algos needed to ramp stocks during the US cash session after being reminded that the buyback-blackout period is almost over And S&P HOD as algos start frontrunning the buybacks https://t.co/DfjpdZO1pS — zerohedge (@zerohedge) April 22, 2024 Stocks had fallen from up around 0.6% at the cash open to...
Dollar, Oil, & Gold Jump; Stocks & Bonds Dump As 'WW3-On'-Risk Reignites It was all looking so shiny and BTFD-y - Iran had sent some missiles towards Israeli folks; 'allies' blocked 99% of them; and Israel appeared unlikely top respond 'imminently'. Stocks were up, crypto was up, oil was down as 'WW3-off' meant risk-on. But, then the headlines just kept coming from the MidEast, reigniting fears that things were about to escalate quickly once again, sending oil, gold, and the dollar...
The stock of Ibotta, a digital marketing platform backed by Walmart Inc., soared 27% in its trading debut on Thursday, after the deal priced at $88, a full $4 above its proposed price range. The company allows consumer packaged goods companies to offer promotions to customers through a network of p
U.S. stocks closed lower on Monday, with the Dow cementing a sixth straight session in a row of declines, as investors worried about possible next steps in the Mideast conflict. The Dow Jones Industrial Average shed 248.13 points, or 0.7%, ending at 37,735.11. The S&P 500 index dropped 61.59 po
A stock-market streak that had become emblematic of the S&P 500's blistering five-month rally is about to break. The S&P 500 is on track to close below its 50-day moving average on Monday for the first time in 110 trading days, according to Dow Jones Market Data. This would snap the index's longest
Trading in options tied to the Cboe Volatility Index, better known as the Vix or Wall Street's
Cerity Partners LLC grew its holdings in Vanguard Total Bond Market ETF (NASDAQ:BND – Free Report) by 397.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,393,998 shares of the company’s stock after purchasing an additional 1,113,608 shares during the period. […]
First National Bank Sioux Falls lowered its position in shares of BlackRock Core Bond Trust (NYSE:BHK – Free Report) by 17.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 110,961 shares of the investment management company’s stock after selling 23,539 shares during the quarter. First National […]
U.S. large-cap stocks just posted their largest weekly outflow since December 2022, strategists at BofA Global Research said Friday. Outflows from U.S. large-cap funds were $15.8 billion in the week ending Wednesday, the highest in 16 months, while stocks in general saw $19.6 billion of outflows fo
U.S. stocks ended sharply lower Friday, with the Dow Jones Industrial Average booking a large weekly loss on investor anxiety over inflation and geopolitical tensions in the Middle East. The Dow dropped 475.84 points, or 1.2%, to close at 37,983.24. The S&P 500 fell 75.65 points, or 1.5%, to fi