Martin Pelletier: Investors need to do more than simply ‘wait it out’ Bank of Canada Governor Tiff Macklem takes part in a news conference in Ottawa. Photo by Blair Gable/Reuters files What makes the market’s wild ride this year especially unique is just how broad the selloff has been for both equities and bonds alike,… Continue reading What investors can do instead of betting on central banks to stop hiking rates
Stock Market Today: Dow Officially Enters a Bear Market After Monday’s Slide | Kiplinger
Stock Market Today Casino stocks were a pocket of strength after Macau said it will ease COVID-related travel restrictions in November.Selling in the stock market picked right back up Monday, and despite a brief mid-morning push into positive territory, the major indexes still ended lower. “Despite a quiet global economic data front, this weekend and… Continue reading Stock Market Today: Dow Officially Enters a Bear Market After Monday’s Slide | Kiplinger
The pound falls again versus the dollar after the Bank of England says it’s monitoring financial markets following the currency’s slide to a record low
The pound after the Bank of England said it’s closely monitoring financial markets. The BoE didn’t say it would take emergency action to stem the decline of the pound, which hit a record low earlier Monday. The pound fell by nearly 2% after the statement but didn’t return to record lows. Loading Something is… Continue reading The pound falls again versus the dollar after the Bank of England says it’s monitoring financial markets following the currency’s slide to a record low
Russian crude heading to Asia hits a 5-week high as looming European sanctions inch closer
Russian crude flows to Asian buyers hit their highest levels in five weeks, Bloomberg data shows. In the week leading up to September 23, the four-week average hit 1.79 million barrels per day, up from 1.74 million barrels per day in the week leading up to September 16. Europe’s sanctions on Russian crude are set… Continue reading Russian crude heading to Asia hits a 5-week high as looming European sanctions inch closer
Wharton professor Jeremy Siegel says the Fed’s rate hike campaign is so extreme that recession risk is much higher than risk of the central bank ‘waffling’ on inflation
The Fed runs a higher risk of sparking a recession than falling behind on inflation, according to Jeremy Siegel. Markets are now expecting a fed-funds rate of 4.75% in May of next year. That could be overkill, as inflation will continue to fall, Siegel warned. Loading Something is loading. The debate over whether the Federal… Continue reading Wharton professor Jeremy Siegel says the Fed’s rate hike campaign is so extreme that recession risk is much higher than risk of the central bank ‘waffling’ on inflation
The US dollar will stay ‘stronger for longer’ against global currencies as the Fed commits to taming inflation, UBS says
The US dollar is set to stay “stronger for longer” while the Fed continues to hike rates, according to UBS.The Russia-Ukraine war and ongoing volatility in the British pound means the dollar will continue its climb, UBS said.”Concerns over UK debt sustainability look set to keep sterling under pressure,” UBS said. Loading Something is loading.… Continue reading The US dollar will stay ‘stronger for longer’ against global currencies as the Fed commits to taming inflation, UBS says
Putin ally Iran sees oil exports fall amid steeper competition from Russia for Asian buyers
Iran’s oil exports have been steadily declining, according to a report from Bloomberg. Tehran is seeing increased competition from Russia in the Asian market for oil. Iran’s exports have fallen to 775,000 barrels a day from a peak of 1 million. Loading Something is loading. Iran’s oil exports are falling as of late, thanks in… Continue reading Putin ally Iran sees oil exports fall amid steeper competition from Russia for Asian buyers
Wells Fargo is in Trouble Yet Again
The workforce gender gap has been a fight since well back into the 1800’s and continues to be fought today. Many people don’t think that it exists, and those who are still out there fighting are referred to as feminist. Some consider feminism to be a derogatory word, but that’s the reality. Women and men… Continue reading Wells Fargo is in Trouble Yet Again
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