Markets

Assets could fall 20% to 25% as the central bank tightens monetary policy, Greg Jensen told Bloomberg TV.  The Bridgewater co-chief investment officer added that a strong decline is needed to align the real and financial economies.  “In aggregate, let’s say asset markets decline at something like 20% to 25%,” Jensen predicted. Loading Something is… Continue reading Asset markets will tumble 20%-25% as the Fed’s tightening has yet to be fully priced in, says the CIO of Ray Dalio’s Bridgewater

Alibaba went public on the NYSE in 2014. Andrew Burton/Getty Images US-listed shares of Chinese firm climbed Thursday on the prospect that an auditing dispute could soon be resolved.  The Wall Street Journal reported that US and Chinese officials have made substantial progress on a deal.  Shares of Alibaba, JD.com, and other stocks took part… Continue reading Alibaba, JD.com, and other US-listed Chinese stocks climb following report the US is near a deal for audits of Chinese firms

US stocks moved higher on Wednesday as President Joe Biden canceled $10,000 in student loan debt.The loan forgiveness program will also extend the pause in federal student loan payments to the end of the year.Investors are awaiting a key speech from Fed Chairman Jerome Powell at this Friday’s Jackson Hole summit. Loading Something is loading.… Continue reading US stocks rise as investors wait for Fed summit and as Biden announces long-awaited student debt plan

Retail investors are showing signs of slowing down stock purchases, including resurgent meme stocks, said Vanda Research.  The firm said the average portfolio of retail investors has been declining, with recent losses at 23%.  Bed Bath & Beyond stock crashed last week after a key shareholder cashed out his entire stake.  Loading Something is loading.… Continue reading The latest meme stock rally is fizzling and speculative buying by retail investors will wane through the rest of 2022, says Vanda

Famed short-seller Jim Chanos is buying AMC Entertainment’s new preferred equity share class, dubbed “APE.”At the same time, Chanos is shorting AMC Entertainment’s common stock, until the two share prices converge.”They are economically the same security, and there seems to be a lot of confusion about that,” Chanos said. Loading Something is loading. Legendary short-seller… Continue reading Here’s how legendary short-seller Jim Chanos is taking advantage of the arbitrage between AMC stock and the new APE shares

OPEC+ has floated a production cut. It could push prices as high as $150 a barrel, Paul Sankey said. The cuts would worsen the energy supply shortage, which threatens many western nations as winter nears. A revived Iran nuclear deal could boost supply, but that could take months to affect the market.   Loading Something is… Continue reading OPEC’s production cuts could push oil prices to $150 a barrel, energy analyst says

Saudi Arabia want markets to remember that OPEC+ is in control, energy analyst Amrita Sen told CNBC.  “We’ve had mostly algos trading this market, and you’ve seen huge volatility,” she said. The Saudi government has signaled in recent days the OPEC+ could cut production.  Loading Something is loading. Saudi Arabia is signaling to oil market… Continue reading Saudi Arabia is telling oil markets that OPEC+ is still in charge – and don’t you forget that, says top energy analyst

Optimism about a soft landing for the US economy is fading, stoking volatility in stocks, UBS said.  Sentiment is wavering between hopes the Fed will steer the economy from a severe slowdown and fears that it won’t.  For the Fed to pause rate hikes, it likely wants to see three straight months of core PCE… Continue reading Stocks will remain volatile as investors got ahead of themselves pricing in a soft landing with 100 basis points of Fed tightening still to come, UBS say