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...
Gold & The Dollar Surged This Week, Stocks & Crypto Purged As Reflation & WW3-Risk Wreck Rate-Cut Hopes Inflation fears/promises/threats were realized this week with CPI and PPI hot (yes PPI) and UMich infl exp rising too. Inflation data has been surprising to the upside all year and growth data not so much Source: Bloomberg and that rising inflation expectation wrecked the hopes and dreams of the doves this week, smashing expectations for The Fed to less than two total cuts in...
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.
World stocks have recovered some losses and gold has fallen by the most in a year, dropping with government bond prices and oil as investors reversed some defensive positions taken going into the weekend on fears of a wider Middle East conflict. The week ahead is packed with corporate earnings, with 158 companies in the […]
Salesforce is in late-stage talks to buy data-management software maker
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...
CNN By David Goldman, CNN New York (CNN) — Investors in Trump Media & Technology Group’s stock are throwing in the towel. Shares of TMTG (DJT) tumbled 14% Tuesday after closing 18% lower Monday. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business
CNN By David Goldman, CNN New York (CNN) — Investors in Trump Media & Technology Group’s stock are throwing in the towel. Shares of TMTG (DJT) tumbled 14% Tuesday after closing 18% lower Monday. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business
CNN By David Goldman, CNN New York (CNN) — Investors in Trump Media & Technology Group’s stock are throwing in the towel. Shares of TMTG (DJT) tumbled 14% Tuesday after closing 18% lower Monday. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business
In the first quarter of 2024, the South Korea Won emerged as the leading currency for cryptocurrency trades globally. According to data from research firm Kaiko, the cumulative trade volume denominated in Korean won reached $456 billion, surpassing the $445 billion traded in US dollars. This surge in Korean won-denominated trading, as Bloomberg reported, reflects […]
As the pound fell to its lowest point against the dollar for around five months, dropping to 0.2 per cent to $1.23, the blue-chip index leapt