Day: August 28, 2022

Stock Market
Stock Market Bubble
Stock Market Correction

Stocks Sink as US Two-Year Yield Scales 2007 High: Markets Wrap

(Bloomberg) — US equity futures slid along with Asian stocks on Monday and the two-year Treasury yield reached the highest since 2007 after Federal Reserve Chair Jerome Powell signaled higher-for-longer interest rates. Contracts for the tech-heavy Nasdaq 100 and the S&P 500 fell 1% or more, while bourses in Japan, South Korea and Australia shed […]

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Correction
Stock Market Correction
Tech Industry
Tech Stocks

Just as Wall Street Piles In, Tech Stocks Face Fresh Rates Storm

(Bloomberg) — Jerome Powell’s latest hawkish missive threatens to open up a new front in the ever-raging battle between tech stocks and Treasury yields — potentially hurting money managers who’ve just plunged back into US megacap companies in droves. The Nasdaq 100 Index posted its biggest decline since the week ending June 10 after the […]

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Speculative Stocks

Jeremy Siegel Says It’s OK to ‘Gamble’ on Speculative Stocks

(Bloomberg) — Shares of meme stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. might be going bonkers again, but that doesn’t mean investors need to totally steer clear of them. That’s according to Jeremy Siegel, professor emeritus of finance at the University of Pennsylvania’s Wharton School, who says such volatile stocks […]

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Food Prices

Smallest US Corn Crop Since 2019 Signals Higher Food Costs Ahead

(Bloomberg) — The US is set to harvest its smallest corn crop in three years, dashing hopes that one of the world’s largest agricultural exporters would give some relief to a global grain supply crunch and a break on higher food prices. The corn harvest in the world’s biggest producer will total 13.759 billion bushels, […]

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Coal
Energy Companies
Energy Crisis
Energy Sector
Energy Stocks
Trade Of The Day
TradersPro Sunday
U.S. Coal Miners

Top Coal Stock Set To Breakout

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown, Indiana; and Ace in the Hole mine located near Clay City, Indiana. It is also involved […]

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Energy Companies
Energy Crisis
Energy Production
Energy Sector
Energy Stocks

Energy Crisis Tearing Through Markets Leaves a Trail of Losers

(Bloomberg) –The energy crisis that’s sent inflation soaring across the world is getting worse each week, leaving stock traders with a challenge to figure out where to put their money. The nightmare scenario that’s developed this year has already walloped equities, which suffered a bruising first half. A rally over the summer helped to reduce […]

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Fed Meeting
Fed Rate Hikes
Federal Reserve
Hawkish Fed

‘A Lot of Red’: Powell’s Hawkish Pivot to Roil Asian Market Open

(Bloomberg) — Losses loom for Asia’s stock market on Monday as investors absorb Federal Reserve Chair Jerome Powell’s stern message that interest rates are going higher for longer in a painful fight against inflation. Futures shed almost 2% for Japan and 1.5% for Australia after a 3.4% plunge in the S&P 500 index. The slide […]

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