The latest action in stocks may be a concern for the bulls. The S&P 500’s initial surge on Thursday to fresh three-month highs fizzled as the session wore on. The “peak inflation rally” faded. Fut...
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Circle Freezes All Blacklisted Tornado Cash A…
The USD coin (USDC) issuer, Circle, has frozen around 75,000 USDC worth of funds linked to 44 Tornado Cash addresses listed in the US Treasury Department’s sanctions against the protocol. The issue wa...
A surging stock market is on the verge of signaling a ‘huge’ move — but there’s a catch
The pace of the stock market’s rise as it continues a bounce off the June lows is nearing a magnitude that’s preceded “huge” moves in the past. The dilemma for investors is that those moves can be in ...
USDT and USDC accumulation surge can point towards a…
The circulating supply of Tether [USDT] and USD Coin [USDC] has seen a dramatic decrease since May 2022. In the July edition of its Global Cryptocurrencies and Digital Assets report, the Bank of Ameri...
Why Mark Mobius thinks U.S. stocks haven’t bottomed — and where he sees emerging-market opportunities
U.S. markets have provided plenty of excitement this year to keep investors on their toes. But as badly as U.S. and European stocks have performed since the start of the 2022, emerging-market equities...
This strategist said hold on to stocks at the June lows. Now he says it’s time to cut exposure.
July has been a sensational month for stocks — the S&P 500 SPX, +1.42%, Nasdaq Composite COMP, +1.88%, even the beleaguered small-caps in the Russell 2000 RUT, +0.65%, are each on track for their ...
Win Exclusive NFT Rewards From FrontFanz – a…
FrontFanz isn’t taking any breaks. After coming out in the open, this platform successfully closed a strategic investor round and a private sale round. In addition, FrontFanz just launched a 20-day IE...
Elon Musk says inflation may have peaked. Bill Ackman agrees, but says the Fed is still making a mistake.
The market has been in full-on party mode in the 48 hours since Fed Chair Jerome Powell said the central bank was shifting to a data-dependent stance for deciding interest rates. That’s best seen in t...
Here’s what’s in, and out, of Democrats’ $739 billion inflation-fighting package
WASHINGTON — What started as a $4 trillion effort during President Joe Biden’s first months in office to rebuild America’s public infrastructure and family support systems has ended up a much slimmer,...
Here’s what Bill Ackman says Powell should tell traders about Fed rate-hike plans
“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What factors would cause the ...
Sorare: Lega Serie A joins football game with NFT cards
Sorare and Lega Serie A today announced a new multi-year partnership, involving the top Italian soccer league in the fantasy football game with NFT cards. Sorare and the new partnership with Lega Ser...
Will the Federal Reserve kill the stock-market bounce?
A summer rebound is stirring hopes the bear market in U.S. stocks has seen its lows, but a meeting of Federal Reserve policy makers this coming week might test the nerves of would-be bulls. “I expect ...
Is the stock-market bottom in? What the pros say after S&P 500 tests 4,000
Stock-market bulls are poking their heads above the parapet, declaring the lows in for the 2022 selloff as indexes extend a bounce off their June lows, while skeptics still see little evidence of more...
Here’s the incredibly strong signal for stocks that is coming from the corporate bond market
Is it a false dawn in the stock market or is there something real? The S&P 500 has never lost ground over the following year when advancing volume was at least 85% of volume for two out of three d...
This bear market in stocks remains historically shallow and short: Jefferies
The current bear market may be painful, but history indicates it may need to fall further to clear the way for a meaningful recovery, said analysts at Jefferies. Stocks have bounced modestly in July,...
Why the 60/40 model suddenly has life again
The good ol’ 60/40 portfolio, designed to produce decent returns in all environments, is having one of its worst years ever. Going by the simplest possible construction — 60% in the S&P 500 SPX, +...
U.S. stock futures inch up ahead of CPI data that could show inflation at 40-year high
U.S. equity futures inched higher on Wednesday, though trading was timid ahead of U.S. data that could show stubborn inflation forcing a faster pace of rate rises from the Federal Reserve. How are sto...
U.S. June inflation report circulating on internet Tuesday is fake, Bureau of Labor Statistics says
The U.S. Bureau of Labor Statistics said Tuesday that a release circulating online purporting to show June inflation data, due for release on Wednesday morning, was a forgery. “We’re aware of a fake ...
Stock market faces inflation test Wednesday: Here are ‘good, bad and ugly’ scenarios
Expectation for U.S. inflation have fallen over the past month thanks largely to the drop in industrial and agricultural commodity prices. This trend has shown up in the Federal Reserve Bank of New Yo...
U.S. yield curve most inverted in 15 years
U.S. Treasury yields fell on Tuesday as investors sought the safety of government debt amid floundering equity markets and lingering global economic growth concerns ahead of U.S. consumer price index ...
Euro slips closer to parity as Goldman warns the ECB could respond more ‘forcefully’ to a weak currency’
As the euro moved ever closer toward parity on Tuesday, one big Wall Street bank warned that investors may be underestimating the firepower of the bloc’s central bank. Pressure resumed on the common c...
This strategist warned investors not to chase momentum at the top. Now he says it’s time to be a contrarian.
Michael Darda, chief economist and market strategist at MKM Partners, was no fan of the stock market when it was registering record highs. “Blinded by liquidity and false expectations of the proverbia...
Forget the 1970s — this market is drawing comparisons to the 1870s
The current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. According to Bank of America, government bonds are on track for their wo...
What’s next for the stock market after the worst 1st half since 1970? Here’s the history.
A bear market that began shortly after the calendar flipped over to 2022 has the S&P 500 on track for its worst first half in 52 years. Investors looking ahead to the end of the year might have so...
Opinion: Early retirement in 3 steps: Follow the ‘Cashing Out’ couple’s road map to financial freedom
A couple of months ago, our five-year-old son was relieved to find out that he could have two best friends. For weeks he’d been stuck in an innocent adolescent triangle where both kids wanted him to b...
Wall Street bear who called stock-market selloff sees S&P 500 up another 7% before turning lower
Morgan Stanley’s Mike Wilson is one of Wall Street’s most vocal bears. But even he thinks this bear-market rally has more room to run. After the Dow Jones Industrial Average DJIA, -0.20%, S&P 500 ...
Bowman backs steep rate hikes and wants to ‘get the Fed out’ of housing market
Federal Reserve Gov. Michelle Bowman said she supports an aggressive series of interest-rate increases to try to tame inflation and eventually wants the central bank to stop intervening in the U.S. ho...
The stock market’s big Tuesday bounce is likely to fizzle out: Capital Economics
It was Turnaround Tuesday for the stock market as investors returned from a three-day weekend following the S&P 500’s worst weekly tumble since 2020. Skeptics see a bear-market bounce that’s likel...
Is the U.S. stock market closed today? What investors need to know on Juneteenth.
U.S. stock and bond markets will be closed Monday, June 20, in observance of the Juneteenth holiday, which commemorates the end of slavery in America. Officially known as the Juneteenth National Indep...
Opinion: Stocks could drop 50%, Nouriel Roubini argues. Things will get much worse before they get better.
NEW YORK (Project Syndicate)—The global financial and economic outlook for the year ahead has soured rapidly in recent months, with policy makers, investors, and households now asking how much they sh...