“When is the next CPI report?” was a question no one was asking back in the days of 2% inflation readings. Alas, those days are long gone. Inflation hit a four-decade high in 2022, prompting the Federal Reserve to embark on its most aggressive campaign of interest rate hikes since the late Carter and early… Continue reading When is the Next CPI Report?
The Next CPI Report: What to Expect
The next CPI report is giving traders and investors even more agita than usual. Fears are running high that a hot January inflation print will force the Federal Reserve to send interest rates higher and keep them there longer. And after a stunningly strong January jobs report, the market’s worries aren’t exactly misplaced. After all,… Continue reading The Next CPI Report: What to Expect
Using Defensive Stocks to Recession-Proof Your Portfolio
In the face of economic headwinds, investors are looking to strengthen their portfolios and protect against market instability. One option to consider: defensive stocks. Though it may seem like a difficult time to start showing the investing ropes to young people, it’s actually more important than ever that beginners have the financial tools and education… Continue reading Using Defensive Stocks to Recession-Proof Your Portfolio
A biotech company that once claimed to have a ‘cure’ for COVID-19 just filed for bankruptcy, sending shares plunging 59%
Sorrento Therapeutics plunged as much as 61% on Monday after the biotech company filed for bankruptcy. The company made headlines in 2020 after its founder claimed Sorrento discovered a COVID-19 “cure.” Sorrento surged 243% in a day after the exec’s comments, and later landed in the crosshairs of shortseller Hindenburg. Loading Something is loading. Thanks… Continue reading A biotech company that once claimed to have a ‘cure’ for COVID-19 just filed for bankruptcy, sending shares plunging 59%
Your best indicator for where the stock market is going in 2023 is the 2-year Treasury yield, Mohamed El-Erian says
The best indicator is to watch the two-year Treasury yield this year for market insights, according to Mohamed El-Erian. “That’s the market indicator that has the most information,” he told CNBC. He added that the disinflation story “is more complex than we’d like it to be.” Loading Something is loading. Thanks for signing up! Access… Continue reading Your best indicator for where the stock market is going in 2023 is the 2-year Treasury yield, Mohamed El-Erian says
Chinese spy balloon and wave of UFOs lift defense stocks as US military spots more aerial incursions
Defense stocks are all in the green since the downing of a Chinese spy balloon. Over the weekend, the US also brought down three UFOs that crossed into North American airspace. Despite the current gains, the debt ceiling debate may limit defense spending. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Chinese spy balloon and wave of UFOs lift defense stocks as US military spots more aerial incursions
The stock market’s risk-reward is as bad as it’s been during this bear market as the Fed keeps hiking into an earnings recession, Morgan Stanley says
The stock market’s current risk/reward profile is as bad as it has ever been in this bear market, according to Morgan Stanley’s Mike Wilson.Wilson warned that the Fed is still hiking interest rates despite deteriorating fundamentals.”Price is about as disconnected from reality as it’s been during this bear market,” Wilson said. Loading Something is loading.… Continue reading The stock market’s risk-reward is as bad as it’s been during this bear market as the Fed keeps hiking into an earnings recession, Morgan Stanley says
China is ramping up Russian oil imports and Beijing could greenlight even more volumes
China’s state-run refiners have been increasing purchases of Russian oil, and Beijing could give them the greenlight to ramp up further, according to Energy Aspects. Analysts said Chinese companies have been waiting for clear direction from Beijing on how much Russian oil to buy. China could see its daily Russian oil imports increase by 500,000… Continue reading China is ramping up Russian oil imports and Beijing could greenlight even more volumes
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