(Bloomberg) — Investors just got over a hectic week, contending with a blitz of earnings from some of America’s biggest companies as well as a pile of uncertain economic and geopolitical news. But what’s coming may be even worse. In the span of just seven trading sessions, there will be four major events that could […]
Read More(Bloomberg) — Goldman Sachs Group Inc. economists said they now expect the US Federal Reserve to raise interest rates to 5%, higher than previously predicted. The central bank will lift its benchmark rate to a range of 4.75% to 5% in March, 25 basis points more than earlier expected, economists led by Jan Hatzius wrote […]
Read More(Bloomberg) — Billions of dollars in arbitrage capital is looking for a new home after Elon Musk finally closed his $44 billion deal to buy Twitter Inc. Merger arbitrage traders, who make money betting on the outcome of dealmaking among public companies, are now setting their sights on transactions involving Activision Blizzard Inc., VMware Inc. […]
Read More(Bloomberg) — When the oil market liberalized in the 1970s, a group of commodity trading buccaneers led by the infamous Marc Rich made fortunes by connecting buyers and sellers and surfing the price swings of this newly tradable commodity. Half a century later, some of Rich’s spiritual descendants are hoping to pull off a similar […]
Read More(Bloomberg) — Big Oil’s record profits are a huge hit on Wall Street but increasingly provocative in the corridors of power from Washington to London as politicians lash out against executives for funneling windfall profits to investors. The controversy this week was not so much about the gargantuan dollar amounts earned but what the world’s […]
Read MoreMarket conditions are Bullish in a Bear Market as of 2022-10-28. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -19.91 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read More(Bloomberg) — A core gauge of US inflation accelerated in September, while consumer spending stayed resilient, indicating widespread price pressures and solid demand that reinforce the Federal Reserve’s case for another big interest-rate hike next week. The personal consumption expenditures price index excluding food and energy, a key measure of underlying inflation tracked by the […]
Read MoreMarket conditions are Bullish in a Bear Market as of 2022-10-27. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -19.98 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read More(Bloomberg) — Federal Reserve officials will maintain their resolutely hawkish stance next week, laying the groundwork for interest rates reaching 5% by March 2023, moves that seem likely to lead to a US and global recession, economists surveyed by Bloomberg said. The Federal Open Market Committee will raise rates by 75 basis points for a […]
Read MoreMarket conditions are Bullish in a Bear Market as of 2022-10-26. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -19.95 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read More(Bloomberg) — Boeing Co. tumbled after paring its annual forecast for deliveries of its 737 narrowbody jets and disclosing that it may discontinue the smallest and largest “Max” variants of the workhorse should those models fail to win government safety approvals. In a securities filing, Boeing said it may discontinue the 737 Max-7 and -10 […]
Read More(Bloomberg) — Oil jumped after the US exported a record amount of crude and fuel last week, indicating higher demand for American oil. West Texas Intermediate futures rose as much as 3.3% to climb above $88 a barrel after US crude exports hit a weekly high. The fuel outlook remained tight as gasoline stockpiles fell […]
Read MoreMarket conditions are Bullish in a Bear Market as of 2022-10-25. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -20.06 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read MoreMarket conditions are Mildly bullish in a Bear Market as of 2022-10-24. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -20.19 which indicates the current market conditions are Extreme, Risk of a reversal is high. […]
Read More