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Crypto carnage as FTX declares bankruptcy Recession looms while stock market celebrates 7.7% inflation Learning the art of living backwards Carry Trade Heaven Now Hari-Kari Hades November 16, 2022 “So the markets are a daily engagement. Last week’s activity was so radical in nature as to the off-the-bell-curve-centerline and more out on the edges of […]
[Yahoo/Bloomberg] Nasdaq Soars as Softer Inflation Data Boosts Bulls: Markets Wrap [Yahoo/Bloomberg] Oil Extends Losses With Demand Fears Overshadowing Tight Supply [CNBC] Wholesale prices rose 0.2% in October, less than expected, as inflation eases [CNBC] FTX says it could have over 1 million creditors in new bankruptcy filing [Reuters] FTX’s founder Bankman-Fried says he failed […]
[Yahoo/Bloomberg] US Stocks Lower Against Fed Caution, Rising Yields: Markets Wrap [Yahoo/Bloomberg] Treasuries Fall as Fed’s Waller Pushes Back on Dovish Rate Bets [Yahoo/Bloomberg] China Property Stocks, Bonds Extend Rally on New Rescue Package [Reuters] Oil prices rise on support from China demand hopes [Reuters] SoftBank shares tumble after Vision Fund reports another big loss […]
[Reuters] When Biden meets Xi: Taiwan, Russia’s war in Ukraine, North Korea to top agenda [AP] Biden-Xi summit: What Biden wants, what Xi wants [Reuters] China’s COVID cases rise, record daily numbers seen in Beijing and other cities [Reuters] Chinese premier says economy on ‘upward trend’, vows further support [Reuters] China regulators urge more financing […]
[Yahoo/Bloomberg] Crypto Markets Take a Breather as FTX Heist Unfurls [Reuters] Exclusive: At least $1 billion of client funds missing at FTX [Reuters] Collapsed crypto exchange FTX hit by rogue transactions [AP] China tightens restrictions as rise in virus cases reported [Reuters] China says it will continue fine-tuning COVID measures [Reuters] Dying lands: Farmers fight […]
The Return of FOMO and Catch-22 Last week, HAI referenced a letter to clients penned by Elliot Management. In it, the world-class hedge fund warned its clients of an “extremely challenging” situation for the global economy and for financial markets in which an “extraordinary” set of financial extremes has made possible a set of bearish […]
How does one chronicle a week like this one? “Sam Bankman-Fried’s $32bn FTX Crypto Empire Files for Bankruptcy.” “What’s Next for Crypto as FTX Collapse Triggers ‘Lehman Moment’?” “Stocks Skyrocket in Best Post-CPI Day on Record.” “Apple’s $191 Billion Single-Day Surge Sets Stock-Market Record.” “Big Tech Job Cull May be the Start of Things to […]
[Yahoo/Bloomberg] Equity Rally Extends as China Adds to US Euphoria: Markets Wrap [Yahoo/Bloomberg] Commodities Surge After China Eases Some Covid Restrictions [Yahoo/Bloomberg] Asia Stocks Jump Most Since 2020 as China Covid Zero Pivot Seen [Yahoo/Bloomberg] China Stocks Pare Gain as Rising Cases Temper Reopening Hopes [Yahoo/Bloomberg] Oil Advances After China Eases Some Strict Covid Zero […]
