“It looks as if the market has lost its tolerance for non-zero rates,” Deutsche Bank’s Aleksandar Kocic said Thursday, as US equities struggled through another
Day: May 12, 2022
Tech Stocks May ‘Implode’ If Profits Slow, Famous Bear Warns
“2022’s selloff is a valuation story so far, but if profits decline, it’ll be more than that.” Said a wise man, on Wednesday. That man
Stocks Are ‘Slow-Moving Car Wreck’ As Hard Landing Looms
Another disorganized session on Wall Street left investors searching for answers. Often enough, it feels like we don’t know what questions to ask anymore. If
‘Every Day You See Red’: Global Markets Enter Panic Mode
“Relentless.” That’s the word one mainstream financial media outlet used to describe the ongoing rout in global equities, which accelerated Thursday ahead of crucial US
Markets Get More Bad News As Pipeline Inflation Pervasive
US producer prices accelerated at a double-digit annual pace for the fifth consecutive month in April, data out Thursday showed. The final demand gauge rose
Cryptocurrencies Face Oblivion. Wipeout Reaches $1.85 Trillion
The cryptoverse plunged further into crisis Thursday as a self-fulfilling prophecy set it. Like almost all forms of money, cryptocurrencies have no intrinsic value, but