China suffered a capital outflow of $49 billion in August, the largest since December 2015. Of that amount, $29 billion fled securities investments, including a record-high exit from bonds. Meanwhile, direct investment showed the steepest deficit since 2016. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Capital flight out of China jumps to the fastest pace since 2015 as economy stumbles
CHART OF THE DAY: It’s a risk-on environment for stocks based on this bond market signal
The bond market just flashed a bullish signal that suggests a risk-on environment for stocks.The bullish signal is based on risky high-yield bonds outperforming relative to corporate bonds.This is the second longest stretch of outperformance for high-yield bonds, according to Bank of America. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading CHART OF THE DAY: It’s a risk-on environment for stocks based on this bond market signal
Oil prices could rise to $120 a barrel on further supply cuts, and that would bring economic growth to a halt next quarter, JPMorgan says
Brent crude prices could potentially hit $120 a barrel, JPMorgan warned. That’s assuming oil supply will face even more pressure in the coming months. Prices that high could bring global economic growth to a near standstill. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading Oil prices could rise to $120 a barrel on further supply cuts, and that would bring economic growth to a halt next quarter, JPMorgan says
Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.
Most NFTs are now likely worthless, less than two years after a massive bull run in the digital collectibles. A new study found 95% of over 73,000 NFT collections have a market cap of 0 ETH. Out of the top collections, the most common price for an NFT is now $5-$10. Loading Something is loading.… Continue reading Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.
Stock Market Today: Stocks Close Flat With Fed Meeting in Focus
It was a choppy start to the week as investors looked ahead to Wednesday afternoon’s policy announcement from the Federal Reserve. Focus is also on the latest slate of initial public offerings (IPOs) about to hit the market, especially in the wake of last week’s blockbuster IPO from chipmaker Arm Holdings (ARM, -4.5%). The… Continue reading Stock Market Today: Stocks Close Flat With Fed Meeting in Focus
Tech stocks will rally through year-end and beyond despite Fed fears as ‘tidal wave’ of AI spending drives new bull market, Wedbush says
AI-driven growth will fuel the tech rally into the year’s end and beyond, Wedbush Securities Dan Ives said. The bull run will continue despite uncertainty over the Fed’s interest rates and an elevated 10-year Treasury yield. Tech spending has been stable in the third quarter, laying the groundwork for further gains Loading Something is loading.… Continue reading Tech stocks will rally through year-end and beyond despite Fed fears as ‘tidal wave’ of AI spending drives new bull market, Wedbush says
Russia’s energy trade is making a comeback amid soaring global oil prices
Russia’s oil and gas trade is on the up after more than a year of struggling in the face of sanctions. The nation is expected to make $7.6 billion this month from oil and gas sales, Reuters estimates. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Russia’s energy trade is making a comeback amid soaring global oil prices
What Jerome Powell says now matters more than what the Fed actually does
It’s highly unlikely the Federal Reserve will raise interest rates again Wednesday. But traders will be closely eyeing Jerome Powell’s post-decision press conference. The Fed chair is expected to signal that borrowing costs could stay higher for longer, with the fight against inflation not yet over. Loading Something is loading. Thanks for signing up! Access… Continue reading What Jerome Powell says now matters more than what the Fed actually does
Recent Post
