Market conditions are Mildly bullish in a Bear Market as of 2022-11-02. 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 -19.88 which indicates the current market conditions are Extreme, Risk of a reversal is high. […]
Read More(Bloomberg) — Stocks sold off as Jerome Powell continued to sound unequivocally hawkish as the Federal Reserve pushes ahead with it most-aggressive tightening campaign since the 1980s to thwart inflation. In a session of several ups and downs, the S&P 500 suffered its worst rout on a Fed decision day since January 2021. Stocks moved […]
Read More(Bloomberg) — Wall Street had already come to terms with prospects that the Fed would again raise interest rates by 75 basis points. But Wednesday afternoon was full of drama as traders first took hope from the central bank’s statement but then slumped following stern comments by Chair Jerome Powell. Stocks initially jumped and Treasury […]
Read MoreMarket conditions are Bullish in a Bear Market as of 2022-11-01. 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 -19.92 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
Read More(Bloomberg) — Equities erased early gains ahead of the Federal Reserve’s policy meeting Wednesday. A gauge of the dollar fell and gold rose. European stocks and US futures were little changed after euro-area manufacturing activity sank to the lowest level since the first Covid-19 lockdowns in 2020 as record inflation and a weakening global economy […]
Read MoreMarket conditions are Bullish in a Bear Market as of 2022-10-31. 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 -20.05 which indicates the current market conditions are Extreme, Risk of a reversal is high. The […]
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 strong dollar is likely to weigh negatively on the US economic outlook and could alter how high the Federal Reserve ultimately raises interest rates, economists surveyed by Bloomberg said. Nearly half of the economists said that international fallout from a strong dollar was either somewhat likely or very likely to spill back […]
Read More(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 […]
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