There will be a lot of rejoicing for a Friday, and we can thank China for part of it. The better-than-expected US growth data for the world's second-largest economy on Thursday was bolstered by an optimistic manufacturing survey. This worries some worries about a global economic meltdown, at least for now. An even more optimistic trade between the US and …Read More »
Tag Archives: Market
Over the past years, the global automotive industry has developed into a two-part consensus: First, the future of driving is to drive with electrons rather than explode with petroleum. Second, the best way to package these electrons is in the kind of vehicle people really want: an SUV. Audi has the E-Tron, Jaguar the iPace. Cadillac is leading the electrification …Read More »
JPMorgan's Managing Director, Adam Crisafulli, has high hopes for the stock market, but only when the powers take the necessary action. "The Shock and Awe Uptake Contains the Immediate Withdrawal of All US China Tariffs This causes certain rate sensitive companies to increase their forecast for 2019, while the Fed pledges to increase reserves at ~ 1.3 T + hold. …Read More »
Investors are starting to rumble on the geopolitical front as tensions between the two major nuclear powers, India and Pakistan, heat up. For more details, see below, and be aware that South Asia is not used as an excuse for sale, something that has already been seen in global equities. The disappointment of profits and the ubiquitous worries about the …Read More »
The stock market meltdowns in 2018 obliterated $ US1 trillion ($ NZ1.5t) of the fortunes of the world's richest individuals, with more than 212 Chinese tycoons losing their dollars billionaire status, according to a wealth compiler Hurun Report. Forbes Forbes Chinese billionaires still outnumbered those from any other country as of January 31, at 658. Several newly minted ones have …Read More »
Digital dust has settled and the crypto markets are holding nearly $ 130 billion after the largest one-day landfill in 2019. The last time the crypto markets fell off the digital cliff so fast this year was January 10 after a similar event. The mini-bull run increased the market capitalization to a high of $ 138 billion. In a quick …Read More »
Lyft's IPO, which could follow next month, could serve as an icebreaker on the frozen IPO market. US deals have fallen sharply, mainly as a result of the longest government shutdown in American history. The documents give Wall Street an insight into the value of Lyft's worth of $ 25 billion. Key questions include how close Lyft is to profitability, …Read More »
The Bitcoin price soared on Saturday, breaking psychological resistance at $ 4,000. He stretched for just over $ 4,100. The flagship's cryptocurrency moved to $ 3,900 for most of the week on February 18. Trading volumes began to decline and some analysts asked if the market would consolidate before rebounding. The Bitcoin Prize scored another $ 4,000 on Saturday. Overall, …Read More »
"Father of Reaganomics" says, "Get out of the market" – bond and stock market – "and invest money in cash"
David Stockman, the so-called "Father of Reaganomics," is back with his latest fate prediction for Wall Street and the broader economy, even as the stock market hits new highs for the year. The 72-year-old politician and businessman who was director of the Office of Management and Budget under President Ronald Reagan in the 1980s, told Neil Cavuto of Fox Business …Read More »
A prominent Wall Street permabear says the stock market is 'stoned on free money' and it could 'prove fatal'
One prominent strategist says the market is high literally and figuratively. Albert Edwards, global strategist at Société Générale, was stoned on free money, "leaving them" detached from reality. "It's a condition that the strategist says could prove fatal," in the end  US equity benchmarks – and those across the globe – have rooted back from a late-2018 December, 2009, …Read More »