Markets

The SEC is investigating Terraform Labs’ marketing practices prior to its stablecoin’s collapse, sources told Bloomberg. The move follows TerraUSD’s loss of its one-to-one dollar peg that roiled cryptocurrency markets. The commission is exploring whether Terraform Labs broke federal investor protection regulations. Loading Something is loading. The Securities and Exchange Commission is investigating Terraform Labs… Continue reading The SEC is investigating if TerraUSD’s marketing violated investor protection regulations, report says

The stock market is primed for strong returns in the second half as inflation shows signs of cooling, according to Fundstrat’s Tom Lee.That’s despite a hot CPI print in May, which showed inflation rise 8.6% year-over-year as gas prices surge.”We stick with our view that stocks strengthen in 2H and even revisit prior highs,” Lee… Continue reading The stock market can return to record highs this year as inflation shows signs of cooling down despite May’s hot CPI print, Fundstrat says

The bear-market rally for stocks has disappeared as investor concerns about inflation and interest rates linger, Bank of America said Friday.  “We’re in technical recession but just don’t realize it,” said the bank’s chief investment strategist Michael Hartnett.  May consumer price inflation hit a new 41-year high of 8.6%.  Loading Something is loading. The S&P… Continue reading The bear market rally is over because investors are expecting more shocks from inflation and rates, Bank of America says

Losses in US stocks accelerated on Thursday as investors await results from a key May inflation report.Economists expect Friday’s CPI reading to show the rate held steady at 8.3% in May, with core inflation cooling to 5.9% from 6.2% in April.Any signs of peak inflation could cause a relief rally in the stock market, while… Continue reading Dow sinks more than 600 points as US stocks tumble ahead of key May inflation report

Russian President Vladimir Putin vowed not to shutter oil wells despite mounting sanctions. Putin’s comments come as the US and EU try to push global powers away from Russian energy. Russia’s oil production has been rebounding in recent months after falling 9% in April. Loading Something is loading. Russian President Vladimir Putin vowed not to… Continue reading Russian President Vladimir Putin vows not to shut in oil wells even as sanctions threaten crude production

Less hedging by investors is a sign that there is more upside ahead for the stock market, according to JPMorgan.The bank said with signs that inflation volatility is peaking, the S&P 500 should trade at a fair value of 4,400.”Reduced demand for hedging equity risk is a bullish signal as it likely reflects low equity… Continue reading Investors are hedging for less downside in the stock market, a bullish signal that builds the case for 8% upside in the S&P 500, JPMorgan says (edited)

Exxon Mobil stock is up 156% since the Dow Jones Industrial Average dropped it from the index nearly two years ago.  Salesforce replaced the oil giant, but shares of the tech company are down 30% in that time.  Had the Dow index not shuffled out some of its companies in 2020, it would have fared… Continue reading Exxon has soared more than 150% to a record high since it was dropped from the Dow Jones Index as oil surges while replacement Salesforce has fallen 30%

Continued weakness in the Japanese yen to 150 against the US dollar could set off the next Asian Financial Crisis, Jim O’Neill told Bloomberg.  China will see further yen depreciation as an “unfair competitive advantage,” the famed economist said.  In 1997, the first Asian Financial Crisis began in Thailand and spread to other economies in… Continue reading The yen weakening to 150 against the dollar could spark a financial crisis in Asia, famed economist Jim O’Neill says