During the vicious, tech-led selloff that wiped away a fleeting, post-FOMC bounce in US equities, Cathie Wood’s star-crossed flagship fund suffered its worst one-day decline
Day: May 6, 2022
Algos And E-Commerce, Bonds And Bloodshed
If you were wondering whether familiar accelerant flows played a role in Thursday’s wild ride on Wall Street, the answer is: Of course they did.
McElligott Explains The ‘Fixed Income Disaster’
The dramatic bond selloff that blindsided US equities less than 24 hours after Jerome Powell’s post-FOMC press conference suggested markets don’t yet view central banks’
US Jobs Report Sturdy, With Caveats
The US economy added 428,000 jobs in April, hotly-anticipated data out Friday showed. That was more than the 380,000 consensus expected (figure below). The range
Xi Pledges ‘No Retreat’ On COVID. Stocks, Yuan Retreat
Chinese shares tumbled Friday, amid ongoing concerns around the economic fallout of Xi Jinping’s strict pandemic containment regime, which the Politburo’s Standing Committee not only
