Key gauges of Chinese stocks have hit their lowest levels in about 10 months. Global funds have withdrawn $3.8 billion this month, despite Beijing’s effort to boost markets. Trading activity has also slowed in September, falling 32% from the first week of the month. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading China’s attempts to boost markets and investor confidence have flopped
‘You made it through winter’: Anthony Scaramucci shares 3 reasons why he’s still bullish on bitcoin
Anthony Scaramucci believes the next decade will be “remarkably bullish” for bitcoin. At the Messari Mainnet conference in New York, he broke down his optimism. He compared bitcoin to gold, and said Wall Street will eventually usher in mainstream adoption. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading ‘You made it through winter’: Anthony Scaramucci shares 3 reasons why he’s still bullish on bitcoin
US stocks fall as 10-year Treasury yield surges to highest since 2007 after Fed meeting
Matthew Fox A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. Lucas Jackson/Reuters US stocks fell on Thursday as the 10-year US Treasury yield jumped to its highest level since 2007.The surge came after the Federal Reserve indicated that rates… Continue reading US stocks fall as 10-year Treasury yield surges to highest since 2007 after Fed meeting
The de-dollarization drive is spreading wider – Indonesia is the latest nation to join the anti-buck movement
Indonesia appears to be the latest country to jump on the de-dollarization bandwagon. The island nation has launched a National Task Force to promote local-currency transactions. The move is expected to help make the rupiah more stable, and support local financial markets, Bank Indonesia said. Loading Something is loading. Thanks for signing up! Access your… Continue reading The de-dollarization drive is spreading wider – Indonesia is the latest nation to join the anti-buck movement
Capital flight out of China jumps to the fastest pace since 2015 as economy stumbles
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.
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