Markets

US stocks cratered on Monday as investors grappled with soaring Treasury bond yields.The US 10-Year Treasury yield surged as much as 12 basis points to a three-year high of 2.78%.Meanwhile, city-wide COVID-19 lockdowns in China led to plant shutdowns and production halts for various automakers. Loading Something is loading. US stocks plunged on Monday as… Continue reading US stocks plummet as Treasury yields soar to 3-year highs and investors assess COVID-19 outbreak in China

Investors should take some profit after US stocks staged a rally last month, said JPMorgan on Monday.  Quant guru Marko Kolanovic said the house view is still “pro-risk” and overweight equities.  The investment bank trimmed its 2022 S&P 500 outlook to 4,900 from 5,050.  Loading Something is loading. US stocks have managed to partially rebound… Continue reading JPMorgan’s quant guru Kolanovic says investors should take some profits and sell stocks following March rally

It’s too easy to make a bear case for stocks in the face of inflation and a hawkish Fed, and that’s bullish, according to Fundstrat.The research firm sees volatility ahead for the market, but expects more upside by year-end.These are the 5 reasons Fundstrat believes the market already hit its bottom on February 24. Loading… Continue reading 5 reasons the stock market has found its bottom and is due for more upside ahead, according to Fundstrat

Russia’s central bank slashed dollars and added yuan and euros even before the Ukraine war began, per Bloomberg. Russia’s yuan holdings jumped from 12.8% to 17.1% year-over-year, while it roughly halved its dollar holdings. Russia’s Central Bank Governor said Monday that the bank has enough reserves in yuan and gold, despite sanctions. Loading Something is… Continue reading Russia’s central bank was cutting dollar reserves and adding yuan and euros even before the war, report says

The release of oil from emergency reserves by Western governments should cap prices of Brent crude, BofA says. The investment bank had previously expected a mid-year price surge to $150 a barrel. Renewed COVID outbreaks in China should also temporarily keep global oil prices in check.  Loading Something is loading. The millions of barrels of… Continue reading Oil could be capped at $120 per barrel this summer as release of global reserves keeps a lid on prices, Bank of America says

Stocks are in for a world of pain in 2022 as an inflation-induced recession causes a bear market.That’s according to Bank of America, which sees the S&P 500 falling below 4,000 later this year.”Hawkish Fed now wishes to address issues of wealth inequality & inflation… starts with overvalued stock market,” BofA said. Loading Something is… Continue reading The S&P 500 will plunge 11% by the end of 2022 as ‘inflation shock’ sparks a recession, Bank of America says

The Bitcoin 2022 conference in Miami heard from some of the leading voices in the investment community.  Cathie Wood backed her view that bitcoin will go to $1 million, and Michael Saylor said Biden has given the “green light” to bitcoin. Peter Thiel took aim at Warren Buffett for his criticism of bitcoin.  Loading Something… Continue reading Bitcoin 2022 conference: Peter Thiel’s rant, Cathie Wood’s $1 million price target and a ‘laser eyes’ bull take spotlights at the annual crypto event

In an exclusive interview with Insider, “Shark Tank” investor Kevin O’Leary explained his strategy for investing in the nascent digital landscape.  O’Leary said he applies his decades of experience as an index and stock investor to his crypto and metaverse portfolio.  He also said he sees bitcoin, solana, and other cryptocurrencies as software and not… Continue reading Shark Tank’s Kevin O’Leary breaks down his crypto portfolio and explains how his metaverse bets are based on the economics of Web3