Markets

The forced deleveraging that’s weighed on the crypto market in the last quarter is over, Mike Novogratz said. He thinks the crypto market has reached equilibrium and is awaiting new narratives in the space.  Bitcoin is still an attractive asset amid macroeconomic uncertainty, Novogratz said.  Loading Something is loading. Billionaire bitcoin bull Mike Novogratz believes… Continue reading Bitcoin bull Mike Novogratz says crypto’s forced deleveraging is over and bitcoin is still an asset to hold amid economic uncertainty

GateHawk has released an all-new version of its video intercom for single-family and multifamily communities. , /PRNewswire/ — As the residential rental market continues to shatter records, residential communities (including multifamily apartments and single-family communities) are looking for ways to stay ahead of increasingly high resident expectations. GateHawk has released an all-new version of its… Continue reading GateHawk unveils next-generation community video intercom system

The bear market in stocks is nearing its end as the duration matches historical declines, Fundstrat’s Tom Lee said.He believes the “buy the dip” regime has returned to the stock market and that the low is in. The prior bull market from March 2020 to January 2022 was short, so “makes sense should be a short… Continue reading History shows the bear market is almost over as length of most declines are typically 21% of the prior bull run, Fundstrat says

Russia’s current-account surplus hit $167 billion from January to July, helped by strong energy revenues.  That’s up from just over $50 billion for the same time a year earlier, according to central bank data. Meanwhile, imports have collapsed as Western governments and companies shun Russia. Loading Something is loading. Russia’s current-account surplus so far in… Continue reading Russian oil and gas revenues help current-account surplus more than triple to $167 billion

The stock market misread the Federal Reserve’s July FOMC meeting, according to TS Lombard.An interest rate pivot from the Fed is far away from happening and a 75 basis point hike is likely in September.”Inflation is easing but the US job market remains too hot for investors’ own good,” TS Lombard said. Loading Something is… Continue reading The stock market has misread signals from the Fed and a pivot on rate hikes is still far from happening, research firm says

The global economy is headed into a stagflation era, top economist Nouriel Roubini said. “The world economy is undergoing a radical regime shift,” he wrote Tuesday, declaring the end of the Great Moderation. Roubini warned central banks may find themselves in a “debt-trap” as they try to normalize monetary policies. Loading Something is loading. The… Continue reading ‘Dr. Doom’ Nouriel Roubini warns the era of stagflation is here and central banks are setting a trap in trying to normalize policy

Tech investor Cathie Wood sees the Fed cutting interest rates in 2023, she told Bloomberg on Monday. There are signs the US economy is ‘very weak,’ including a rise in layoff notices and claims for unemployment benefits, she said.  The Fed looks on track to interest raise rates again in September after four rate hikes… Continue reading Cathie Wood says the Fed will cut rates in 2023 as a number of signals point to a ‘very weak’ economy

Nearly half of investors surveyed by State Street say inflation hasn’t peaked yet.  Investors also say that rising prices are a source of stress and anxiety.  In June, CPI clocked in at 9.1%, the fastest rate of inflation in 41 years.  Loading Something is loading. Nearly half of investors say they’re stressed out over inflation… Continue reading Investors are still stressing over inflation and about half say that it hasn’t peaked yet, State Street survey says