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The Nasdaq100 enjoyed one of those well-timed Friday afternoon rallies (1.9% off morning trading lows) to somewhat ease concerns. Still, Nvidia sank 7.1% this week. Meta Platforms and Microsoft fell 4.1%, and Tesla dropped 5.9%. Microchip Technologies lost 9.8%, AMD 8.8%, Qualcomm 5.5%, and Broadcom 5.5%. The Semiconductor Index (SOX) fell 3.9% (down 7.4% w-t-d […]
[CNBC] Stocks fall Friday with tech shares weak again, Nasdaq headed for big weekly loss: Live updates [Yahoo/Bloomberg] Stocks Face ‘Critical Tipping Point’ as Key Thresholds Tested [AP] Travelers face cancellations and frustration as the FAA orders flight cuts due to the shutdown [Reuters] Impact of US government shutdown far worse than expected, White House […]
Markets remained mostly quiet this week, with gold up 1.2% and silver up 1.3%. The U.S. dollar made a surprising move when climbing up 1.1% and breaking above 100 on the index. As gold looks to take a breather, the momentum backing its increase continues to mount. Worldwide demand for gold reached its highest ever […]
[CNBC] Stocks are steady as traders eye AI trade, Supreme Court on tariffs: Live updates [AP] Shutdown progress in doubt as Democrats grow emboldened from election wins [Reuters] Supreme Court’s ‘major questions’ doctrine looms over fate of Trump’s tariffs [AP] Trump has other tariff options if the Supreme Court strikes down his worldwide import taxes […]
[CNBC] Stocks are little changed, but AMD and some other tech stocks remain under pressure: Live updates [Reuters] Futuristic quantum computing stocks take speculators on roller-coaster ride [Reuters] World Economic Forum chief warns of three possible ‘bubbles’ in global economy [CNBC] Private payrolls rose 42,000 in October, more than expected and countering labor market fears, […]
Cayman Island Hedge Funds Hold Most Of U.S. Treasuries Precious Metals Move Another Late Cycle Signal Risk Taking Can Turn To Panic Within Hours “What makes me worried today is I don’t know where the next bubble is because when this bubble bursts, you’re going to have government debt and central bank credit discredited, I […]
[CNBC] S&P 500 slides 1% on Palantir decline, rising concerns about AI stock valuations: Live updates [Yahoo Finance] Bitcoin Slips Below $104K as Crypto Market Extends Losses [Bloomberg] Bitcoin Falls to Lowest Since June as Risk-Off Mood Hits Crypto [Yahoo/Bloomberg] Oil Tumbles Along With Equities as Market Weighs Glut Outlook [Reuters] Asia stocks retreat from […]
Most of the future here on Third Rock is unknowable, but constituent developments vary in their likelihood of occurrence. The sun’s coming up tomorrow is not certain, but its probability is so high it’s practically 100 percent. But the Dow’s going up tomorrow? Those odds vary depending on who you ask, but they’re certainly less […]
