Some market gurus are starting to worry the summer rally on Wall Street may be starting to fizzle, after stocks quickly lurched from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely headed for a pullback, even though the economy is in better shape than many Americans …
Continue reading “Bull run in stocks to morph into a bear market”
Aug 18 (Reuters) – The Federal Reserve needs to keep raising borrowing costs to bring high inflation under control, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them. St. Louis Fed President James Bullard, who was among the central bank’s earliest advocates …
Continue reading “Fed united on need for higher rates, divided over how high”
BofA says the S&P 500’s summer surge of 17.4% in 41 trading days is a ‘classic’ bear market rally The Fed still has to work to bring down inflation and that could mean another pullback for stocks. The bank found that just four large-cap stocks contributed 30% of the index’s recent gain. The summer surge …
Continue reading “US Is in a Bear Market Rally….. that is DOOMED”
Falling far short of market expectations, the United States added only 18 billion cubic feet into its natural gas inventories for the week ending August 12, the Energy Information Administration (EIA) noted in its weekly natural gas inventory report on Thursday. The low injection rate for the week, compared to expectations of around 30 …
Study Claims American Millennials Are The Most Useless Population In The World A study seeking to measure the overall competency of age groups throughout the globe has found that American Millennials are without a doubt the least skilled population in the world. The ETS study tested individuals aged 16 to 65 across 23 countries, and …
Continue reading “Millennials the most useless generation until…. Generation Z came along”
“Bear market rallies are often sentiment driven, as the market just becomes too bearish,” wrote Citi Research strategists led by Dirk Willer, the managing director and head of emerging market strategy, in a note on Thursday. “More fundamentally, many bear-market rallies are driven by hopes that the Fed comes to the rescue. The current one …
The prospect of an imminent new “nuclear deal” between the West and Iran is looking increasingly unlikely. A senior political and oil industry analyst highlights that there is very little chance that Iran will be willing to make the one concession the U.S. needs to move the deal forward. The cementing view of the United …
It never ceases to amaze me that people cannot accept the fact that residential real estate property can actually decline in price. Sure, a lot of first-time buyers now are in their thirties which means that during our last crash which occurred around 2006 to 2008, they may have been just 15 years old. So, …
S. Korea’s New COVID-19 Cases Soar to 4-month High of Over 180,000 SEOUL, Aug. 17 (Korea Bizwire) — South Korea’s new COVID-19 cases jumped to a four-month high on Wednesday following the extended weekend amid the continued spread of a highly contagious omicron subvariant. The country added 180,803 new COVID-19 infections, including 567 cases from …
Continue reading “S. Korea’s COVID-related deaths touch 3-month high”
A more than $125 billion institutional short position has been building up against the U.S. stock market, driven by hedge funds, according to BNP Paribas. Futures contract data points to a sharp increase in the amount of bets against the S&P 500 index SPX, -1.29% in recent months, even though the stock-market gauge has climbed …
Continue reading “Hedge funds pile up $125 billion bet against the S&P 500’s big summer rally”