S&P 500 falls 1%, slipping deeper into bear market ahead of Fed meeting
S&P 500 falls 1%, slipping deeper into bear market ahead of Fed meeting https://www.cnbc.com/2022/06/13/stock-market-futures-open-to-close-news.html?__source=androidappshare Stocks fell on Tuesday as the S&P 500 dipped further into the bear market territory and rates surged as investors braced for further rate hikes from the Federal Reserve. The S&P 500 tumbled 0.38% to close at 3,735.48. The Dow Jones…
TerraUSD Crash Led to Vanished Savings, Shattered Dreams – The Wall Street Journal.
TerraUSD Crash Led to Vanished Savings, Shattered Dreams https://www.wsj.com/articles/terrausd-crash-led-to-vanished-savings-shattered-dreams-11653649201 By Alexander Osipovich + and Caitlin Ostroff TerraUSD was touted as a blue-chip cryptocurrency. Now its investors are reeling from painful losses and asking if it was all a get-rich-quick scheme. A surgeon in Massachusetts can’t stop thinking about how he lost his family’s nest egg. A…
Stock Market Bottom Remains Elusive Despite Deepening Decline
https://www.wsj.com/articles/stock-market-bottom-remains-elusive-despite-deepening-decline-11653141699?mod=panda_wsj_author_alert By Akane Otani U.S. stocks are in the midst of their longest selloff in decades. Whether they are close to bottoming is anyone’s guess. Market selloffs have long stumped strategists trying to predict when they were close to done. Some have concluded with bursts of panicked selling. Others, such as the one lasting from…
https://www.wsj.com/articles/investors-dare-to-dip-back-into-bonds-11653080577?mod=panda_wsj_author_alert By Matt Wirz Bonds are back, say investors who are daring to buy into the battered market. Stability emerged in debt markets this week, with the 10-year U.S. Treasury yield retreating from a peak of over 3% following a five-month rout that worsened as stocks plummeted. While most buyers anticipate further turmoil if the…
Market and news
Helter Skelter What thrills and spills await this week? Last week, as you presumably already know, stock markets enjoyed a brief rally that was canceled out within hours, the dollar continued to strengthen, and bond yields kept on rising (with the benchmark 10-year Treasury yield passing 3%). All of this was against the backdrop of…
Market’s Slide Has Already Changed Investor Behavior – The Wall Street Journal.
Market’s Slide Has Already Changed Investor Behavior https://www.wsj.com/articles/markets-2022-slide-has-already-changed-investor-behavior-11652002203 By Akane Otani +, Karen Langley + and Gunjan Banerji The 2022 pullback in U.S. stocks intensified last week, with stocks on Thursday staging their largest single-day decline since the onset of the pandemic. The plunge came just a day after Federal Reserve Chairman Jerome Powell appeared to clear…
Futures Drop, Bond Yields Climb After Jobs Data: Markets Wrap
Futures Drop, Bond Yields Climb After Jobs Data: Markets Wrap https://www.bloomberg.com/news/articles/2022-05-05/u-s-stock-bond-slump-piles-pressure-on-asia-open-markets-wrap
Oil Windfall Bypasses Nigeria as Fuel Subsidies Eat Into Revenue
Oil Windfall Bypasses Nigeria as Fuel Subsidies Eat Into Revenue https://www.bloomberg.com/news/articles/2022-05-06/oil-windfall-bypasses-nigeria-as-fuel-subsidies-eat-into-revenue