Jeremy Grantham is no longer sure about his “superbubble” warning, considering uncertainties from Russia’s war. Calling Putin a “borderline psychotic,” Grantham warned investors to expect anything can happen. “When a war starts, everything is scrambled, and it multiplies all the uncertainties,” he told ThinkAdvisor this week. Loading Something is loading. Just a month ago, Jeremy… Continue reading Veteran investor Jeremy Grantham says Putin’s borderline psychotic behavior makes his ‘superbubble’ warning less solid
Putin’s demand for Europe to use rubles to pay for natural gas is a ‘blackmail’ attempt, says EU
Europe will not give in to Vladimir Putin’s “blackmail” attempt in demanding Russia be paid in rubles for its gas, said the European Commission head. A requirement of ruble payments would be a breach of contract, European Commission President Ursula von der Leyen said Thursday. On Friday, the US detailed an agreement to boost liquefied… Continue reading Putin’s demand for Europe to use rubles to pay for natural gas is a ‘blackmail’ attempt, says EU
The US dollar’s global standing as the top reserve currency has lost ground to China’s yuan and others, says IMF
The IMF says the dollar has lost ground in its share of international currency reserves. The dollar’s dominance has been dented due to central banks looking to diversify their holdings. China has pushed for greater adoption of the yuan, and recently held talks with Saudi Arabia for a yuan-based oil deal. Loading Something is loading.… Continue reading The US dollar’s global standing as the top reserve currency has lost ground to China’s yuan and others, says IMF
These were the 5 best performing cryptos over the past week amid the bitcoin bear market
While bitcoin and ethereum dominate the headlines, there are nearly 18,000 crypto coins.With less liquidity and more volatility, these alternative cryptocurrencies can deliver investors massive losses or gains in a short period of time.These were the five best performing cryptocurrencies over the past week, according to data from CoinMarketCap. Loading Something is loading. Bitcoin’s bear market… Continue reading These were the 5 best performing cryptos over the past week amid the bitcoin bear market
Chinese and European markets have seen a massive capital exodus since Russia invaded Ukraine
Investors have been fleeing from positions in Chinese and European markets over the past month. The Institute of International Finance said the scale of outflows from China is “unprecedented.” Additionally, investors have pulled out more than $23.4 billion from Western European stock funds. Loading Something is loading. Over the past month since Russia invaded Ukraine,… Continue reading Chinese and European markets have seen a massive capital exodus since Russia invaded Ukraine
Russian billionaires getting richer as Moscow reopens its stock exchange for the first time since the invasion of Ukraine
The Russian stock market reopened on Thursday, building the fortunes of tycoons with links to shares that resumed trading, Bloomberg reported. Trading resumed in 33 of the 50 stocks on the Moex index and 10 Russian tycoons have links to those reopened securities. The stock exchange was closed down after Russia invaded Ukraine in February. … Continue reading Russian billionaires getting richer as Moscow reopens its stock exchange for the first time since the invasion of Ukraine
Apple will drive more upside in the broader stock market as positive momentum and supply chain improvements boost shares of the tech giant, Wall Street analysts say
Apple is poised to drive the stock market higher as it benefits from a combination of favorable technicals and fundamentals.”If Apple is strong I don’t think you can be bearish on the S&P 500″ Fundstrat’s Tom Lee said.Apple stock has positive short-term momentum and is showing no signs of upside exhaustion, according to Fairlead Strategies’… Continue reading Apple will drive more upside in the broader stock market as positive momentum and supply chain improvements boost shares of the tech giant, Wall Street analysts say
Barclays slashes its S&P 500 forecast and says the benchmark index has ‘limited upside’ as consumer spending binge cools and earnings growth slows
Barclays on Thursday cut its 2022 price and per-share earnings targets for the S&P 500. The S&P 500 forecast was trimmed to 4,500 from 4,800 and the EPS target was cut to $223 from $235. Barclays sees earnings growth being reduced by a faster slowdown in consumer spending on goods. Loading Something is loading. Barclays… Continue reading Barclays slashes its S&P 500 forecast and says the benchmark index has ‘limited upside’ as consumer spending binge cools and earnings growth slows
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