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Yesterday's violent US selloff was so sharp that US stocks are now back to where they were in the middle of January after peaking in September. And as noted earlier, the rout has spread with stock markets in the rest of the world following lower.
Here we go again... After roiling stock markets in Asia and Europe last night when he blamed the longest stock-market losing streak of his presidency on the Federal Reserve and its "crazy" interest rate hikes, President Trump again lit into the cent
(Bloomberg) -- Plunging global markets lopped $99 billion from the fortunes of the world's 500 wealthiest people on Wednesday, the year's second-steepest one-day drop for the Bloomberg Billionaires Index.
Update: After a 1000 point plunge in The Dow, President Trump has found a scapegoat.
Last week, just before the stock market tumbled on the heels of sharply higher rates, we noted that one of the key culprits behind and indiscriminate selloff, systematic CTA funds, were not yet present.
The Dow just tumbled back into the red for October but it is Trannies, Small Caps, and Nasdaq that are bloodbathing this month as risk-parity deleveraging slams US equity markets below critical technical levels...
In Italy, Ferrari and Pirelli plunged and were halted Limit-down... with China cracking down on luxury goods and broader auto fears...
This is really escalating quickly...
Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in six months.
Things are starting to escalate and spread...
As Julius Caesar crossed the Rubicon River with the 13th legion into Italy to march on Rome, he turned to one of his deputies, quite possibly, Marc Antony, and made the famous remark, "alea iacta est." Historians translate this as "the die is
Is Ron Paul about to be proven right once again?
In our earlier discussion of rising rates precipitating a drop in stocks, we noted that while the absolute level of the 10Y yield in itself is a key trigger to a selloff, the other catalyst is the speed/rate of the selloff in rates...
A sea of red has greeted stock traders across the world this morning after what one analyst called "monster moves" in U.S. Treasury yields.
US equity markets are extending their Powell-plunge losses from after the close last night as FANG stocks (and tech broadly) is tumbling as banks are bid for a change.
In retrospect, the bond rout which sent 10Y Treasury yields to the highest level since 2011 should have been obvious - after all just over a week ago, Dennis Gartman decided to go long "bonds and bond-link funds" in his retirement account, in additio
It seems like it was just yesterday that Greek banks, which carry some €89BN of bad loans on their balance sheets, passed the ECB's latest confidence building exercise, known as the "stress test."
In 2007, Emmy award-winning investigative reporter and broadcaster, Gary Matsumoto, received an Business Emmy nomination for his program "Phantom Shares." It was only the second time in the history of Bloomberg Television that the National Academy of
On August 28, 2000, Apple's hottest product was a candy-colored computer, Donald Trump was a New York real estate mogul and General Electric Co. was worth some $600 billion.
If anybody had any doubt that the SEC would put its regulatory interests ahead of holding a high-profile CEO accountable for a brazen violation of securities laws, rest assured - the agency's $40 million fine against Tesla CEO Elon Musk was little mo
If anybody had any doubt that the SEC would put its regulatory interests ahead of holding a high-profile CEO accountable for a brazen violation of securities laws, rest assured - the agency's $40 million fine against Tesla CEO Elon Musk was little mo
It is that time of the year again. Every year, people start talking about a possible stock market crash in October, because everyone remembers the historic crashes that took place in October 1987 and October 2008. Could we witness a similar stock m
The cryptocurrency markets are nine months into a bear market, but the animal spirits that drove the bitcoin price to nearly $20,000 haven't disappeared. Rather, it seems that they have found a new outlet -- pot stocks.
Normally when I do "Tweets of the Day" they are from different people. Here is a set of Tweets from Charlie Bilello.
News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange technology company Cinnober. Nasdaq made "an USD 190m all cash re
For Tesla competitor Lucid Motors, "funding" is definitely "confirmed"... Confirming rumors from mid-August, The Saudi Public Investment Fund has confirmed an investment of over $1 billion in Tesla competitor Lucid Motors to enable commercial laun
A sea of red... After China's slump to 2014 lows, US markets are seeing selling pressure everywhere with bond prices down (10Y yields above 3.00%), the dollar sinking, and US stocks are all lower (led by tech and Nasdaq)
The Powell Fed has set one goal and one goal only for its policy… Hitting the "neutral rate of interest." The neutral rate of interest is when the Fed has rates equal to the pace of inflation. While this is technicallywhat the Fed is SUPPOSED
It was another tough month for Horseman Global, which we previously dubbed "the world's most bearish hedge fund", due to its exposure which, while fluctuating, has been net short for the past 6 years and most recently had a net short position of -43.
The Great Crypto Crash of 2018 looks more and more like one for the record books.
