Category Archive: Finance, No picture
Sam Bankman-fried Found Guilty In FTX Fraud Trial, Faces Decades Prison-time
In a significant legal development that could have far-reaching consequences for the cryptocurrency industry, Sam Bankman-Fried, the co-founder of FTX, has been found guilty of all charges in the FTX trial that started on October 3.The verdict, delivered by a jury of nine women and three men, includes convictions on two counts of wire fraud, four counts of conspiracy […]
Fx Daily: EMFX Surfs In A Sea Of Green
It seems investors are starting to think that the Fed is done with rate hikes and are now starting to reduce underweight positions in risk assets, including emerging market currencies. This is dollar negative. Today’s US jobs data will be a key determinant of whether this week’s new trend has legs or will be quashed by […]
German Exports Disappoint Once Again
Image Source: UnsplashThings are still looking pretty downbeat for Germany’s economy. German exports disappointed again and dropped by 2.4% month-on-month in September. The only positive of this data release is that the August drop was revised into an increase of 0.1% MoM. September imports fell by 1.7% from -0.3% MoM in August. As a consequence, the […]
Asia Morning Bites For Friday, November 3
Image Source: UnsplashGlobal markets and macro Global markets: Front-end US Treasury yields bounced slightly yesterday after their big post-FOMC drop. 2Y UST yields rose 4.6bp, but remain below 5% (4.989%). But yields on the 10Y Treasury kept falling, dropping a further 7.5bp to 4.659%. US equity markets are benefitting from the drop in bond yields. The S&P […]
USD/CAD Sticks To Modest Gains Around Mid-1.3700s, Focus Remains On US/Canadian Jobs Data
Image Source: Unsplash USD/CAD stages a modest recovery from over a one-week low touched the previous day. Some repositioning trade ahead of the US/Canadian jobs data lends support to the major. The fundamental backdrop warrants caution before confirming that the pair has topped out. The USD/CAD pair edges higher during the Asian session on Friday and […]
This Bear Trap & Reversal Could Make Your Entire Week
Image Source: UnsplashHoly Smokes… What a Squeeze!!Markets just squeezed higher for 2 straight days, which gives us a TON of opportunity on Friday…But out of all the possibilities – this *Bear Trap into Reversal* is my favorite. Don’t miss this one!Emini and Nasdaq both made BIG MOVES higher over the last 2 days, which is the only […]
Apple Should Be Viewed As A Consumer Staples Company
Image Source: Unsplash Gene Munster, Deepwater Asset Management, joins ‘Fast Money’ to talk about Apple’s Q4 earnings.Video Length: 00:04:13More By This Author:DoorDash Earnings Show The Consumer Is Still Spending On Discretionary Items Treasury To Borrow $776 Billion In The Fourth Quarter American Airlines Posts Third-Quarter Loss And Trims 2023 Profit Forecast
3 High Yield Stocks For Long-Term Income
Image Source: Unsplash Market volatility in 2023 has made some equities overvalued and other undervalued. Investors have fled some sectors and industries because their results are sensitive to inflation and rapidly rising interest rates. They also fear a recession. However, despite predictions to the contrary, a recession has yet to occur.As a result, some equities are […]
Apple Slides After Revenues Drop For 4th Straight Quarter On Unexpectedly Large China Weakness
Image Source: Unsplash With all other megatech companies having already reported earnings – some good, some not so good – all eyes were on the results from the last giga-cap kahuna, the world’s largest company, Apple, and its $2.8+ trillion market cap. According to Bloomberg’s Mark Gurman here are the biggest things to watch for in […]
Quick Look At Reports From ServiceNow, Chipotle, And Harmony
Image Source: Unsplash We are knee-deep into Q3 earnings season, and the reports from our portfolio and Watch List stocks are rolling in. Let’s take a brief look at 2 portfolio names and one watch list stock.ServiceNow (NOW)ServiceNow is a steady, reliable SaaS firm that continues to prove out its value and growth potential to investors. Subscription revenues […]
