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...
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...
Yen Dumped, Yield-Curve Pumped, Bonds & Bitcoin Slump Quiet macro day with Durable Goods Orders looking like a beat - but only because of sizable downward revisions - as orders and shipments are actually down on a YoY basis. Source: Bloomberg But stocks were messy with an opening bid immediately squelched and post-EU-close ramp faded into the US close. Small Caps were the day's laggard as Nasdaq outperformed while The Dow and S&P desperately tried to get green Nasdaq and The...
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...
Trading in options tied to the Cboe Volatility Index, better known as the Vix or Wall Street's
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
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
Big tech sold off in late hours after Meta Platforms Inc.’s disappointing outlook raised concern on whether the artificial-intelligence euphoria that has powered the bull market has run too far.
Should regulations aimed at halting the financial activity of alleged criminals and terrorists be vastly expanded to include cryptocurrencies and firms that use them? Could this potentially harm entrepreneurial spirit and consumer freedom to deal in digital assets?Those were the questions asked this week in Washington as officials from the Treasury Department seek new tools to regulate and track Bitcoin and cryptocurrencies that would impact the estimated 50 million Americans who use them.On...
Dollar & Yields Soar As Fed-Fears Trump WW3-Worries Mixed data overnight out of China (GDP beat, Retail sales & Industrial production miss) was matched by an equally divergent day of macro in the US with ugly housing data but strong industrial production, but once again the markets were ping-ponged by Fed fears (rate-cuts-off - Fed Vice-Chair Jefferson and Powell both sang from the same 'higher for longer' hymnsheet with the latter finally admitting that "recent [inflation] data...
The publicly traded stock representing Donald Trump's "media group" took another dive after Trump and the founders disclosed their intent to take the money and run. The company's DJT, -16.88% S-1 filing with the Securities and Exchange Commission includes the potential sale of up to 114,750,000 shares held by former President Donald J. — Read the rest
New Delhi: LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
.The value of LIC's investment in seven Adani group companies has soared from Rs 38,471 crore as on March 31, 2023, to Rs...