Veteran money managers bail on stock rally with Fed hawks flying

‘Market-implied estimates may be exaggerating rate-cut potential before year-end’ Author of the article: Bloomberg News Denitsa Tsekova Published Apr 03, 2023  •  Last updated 3 days ago  •  4 minute read Traders work on the floor of the New York Stock Exchange. Photo by Brendan McDermid/Reuters files Optimism about imminent rate cuts is stirring animal spirits… Continue reading Veteran money managers bail on stock rally with Fed hawks flying

Finding good companies is like finding an affordable home — look at ones going under the radar

Martin Pelletier: Try searching for undiscovered value Published Apr 03, 2023  •  Last updated 4 days ago  •  3 minute read The housing market in Calgary for single family home is so tight that houses are selling at or over the asking price. The same thing is happening with long-duration stocks such as tech equities. Photo… Continue reading Finding good companies is like finding an affordable home — look at ones going under the radar

NBA Takes Steps to Ease Cannabis Restrictions: This Week in Cannabis Investing

The NBA took a major step forward this week by allowing players to invest in and promote cannabis brands.  Michele Roberts, a former executive director of the NBA Players Association and now a member of the board of directors at Cresco Labs (CRLBF (opens in new tab)), previously predicted that NBA would consider changing its… Continue reading NBA Takes Steps to Ease Cannabis Restrictions: This Week in Cannabis Investing

Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned

Getty Images Russia cut oil production by 700,000 barrels of oil a day in March, per Bloomberg. That is a bigger reduction than the 500,000 barrels a day that the country pledged to cut originally. The reduced output comes as OPEC+ pledges production curbs of 1.1 million barrels a day starting in May.  Russia reduced… Continue reading Russia says it slashed oil production by 700,000 barrels a day in March, far more than originally planned

The March jobs report was a win-win for stocks and the Fed, economist Mohamed El-Erian says

The March jobs report is a win for stocks and the Fed should keep a steady pace of rate hikes in May, Mohamed El-Erian said.  The world’s largest economy added 236,000 jobs last month, shy of the median forecast of 239,000.  Stock futures closed higher after the jobs report that arrived during the Good Friday… Continue reading The March jobs report was a win-win for stocks and the Fed, economist Mohamed El-Erian says

Here’s why the world’s biggest publicly traded hedge fund is cautious on stocks right now

Man Group’s Mark Jones says he’s cautious on the stock market right now.  Stocks are facing deteriorating fundamentals, the Deputy CEO said on a recent podcast. “I think the risk-reward in equities is very, very tough at the moment,” he said.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Here’s why the world’s biggest publicly traded hedge fund is cautious on stocks right now

Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts

Tesla stock just flashed a sell signal that could spark 14% downside, according to Fairlead Strategies’ Katie Stockton.”Tesla is the first of the megacaps to challenge support, with a pending breakdown below its 50-day moving average,” Stockton said.The technical sell signal comes amid more price cuts for Tesla’s Model 3, X, and S vehicles. Loading… Continue reading Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts

Who is Satoshi Nakamoto? Crypto fans just celebrated the bitcoin inventor’s birthday and his legend is as mysterious as ever.

Satoshi Nakamoto is said to be the inventor of bitcoin and wrote the token’s original white paper in 2008.  Crypto fans this week celebrated Nakamoto’s 48th birthday amid new theories as to their true identity.  Here’s what to know about the mysterious icon behind the world’s largest cryptocurrency. Loading Something is loading. Thanks for signing… Continue reading Who is Satoshi Nakamoto? Crypto fans just celebrated the bitcoin inventor’s birthday and his legend is as mysterious as ever.