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This week we talk about Jerome Powell’s comments, hinting that the Fed may slow rate increases starting next month. We look at the market’s reaction to Powell’s statements as enthusiasm engulfed multiple sectors following the Fed chair’s remarks. We also will talk about the collapse of FTX and Sam Bankman-Fried. Thanks for listening if you […]
[Yahoo/Bloomberg] Stocks Cheered by Powell and China; Dollar Drops: Markets Wrap [Yahoo/Bloomberg] Chinese Stock Rally Cools as Investors See Bumpy Reopening [Yahoo/Bloomberg] Post-Powell Bond Rally Shows Crowded Trades Distorting Markets [AP] An inflation gauge tracked by the Fed slows to still-high 6% [Reuters] U.S. consumer spending solid in October; weekly jobless claims fall [Yahoo/Bloomberg] US […]
Cap Russian Oil at $30.00? Hello Black Market Mark Mobius Predicts Bitcoin Falls To $10k… Q&A Programs Are Coming. Submit Questions to [email protected] Will Sesame Credits Be Xi’s Tiananmen Tank? November 30, 2022 “There is no going back to what we just had in terms of an up trend. Now, we get to process through the […]
[Yahoo/Bloomberg] Stocks Gain, Dollar Drops as Traders Await Powell: Markets Wrap [Yahoo/Bloomberg] Chinese Stocks in Hong Kong Jump, Capping Best Month Since 2003 [Reuters] Oil up over 2% on tighter supply while OPEC+ talks limit gains [CNBC] Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports [CNBC] Mortgage rates fall […]
[Yahoo/Bloomberg] Stocks Climb, Dollar Fades as China Turmoil Eases: Markets Wrap [Reuters] Stocks and oil buoyed by hopes of looser Chinese COVID curbs [Yahoo/Bloomberg] China Markets Rebound as Protest, Property Jitters Ease [Yahoo/Bloomberg] Oil Surges as Speculation OPEC+ Will Cut Production Intensifies [Reuters] China police out in numbers to prevent more COVID protests [Reuters] Chinese […]
[Yahoo/Bloomberg] Equities Drop on Protests in China, Oil Slumps: Markets Wrap [Reuters] Dollar drops, yuan slumps on COVID unrest in China [Yahoo/Bloomberg] Turmoil Grips China Markets as Covid Protests Cloud Reopening [Yahoo/Bloomberg] Oil Plunges to Lowest Since 2021 as China Unrest Rattles Market [Yahoo/Bloomberg] China Unrest Hits Global Markets as Protests Hurt Growth Outlook [Yahoo/Bloomberg] […]
[Yahoo/Bloomberg] Stocks, China Assets Face Rough Open as Covid Unrest Hits Mood [Reuters] U.S. Black Friday online sales hit record $9 bln despite high inflation- Adobe Analytics [Reuters] Shanghai protesters, police jostle as anger over China’s COVID curbs mounts [AP] Crowds angered by lockdowns call for China’s Xi to step down [Reuters] Blank sheets of […]
Happy Thanksgiving, and 2023’s Story HAI wishes all readers and MWM clients a very Happy Thanksgiving weekend. Family time is a blessing for this author, and as a result HAI will just share a few brief thoughts for the week. The market ended the shortened Thanksgiving trading week with the Dow, the S&P 500, and […]
