Category Archive: Finance, No picture
Middle East Powder Keg On The Brink Of Igniting
Image Source: PexelsStocks took a sharp dive on Tuesday as escalating tensions in the Middle East poured cold water on the bullish sentiment that had been propelling markets after a strong quarter. Oil prices spiked after Iran fired off a barrage of ballistic missiles in retaliation for Israel’s military strikes against Hezbollah, a key ally of […]
Stocks Tumble As Technology Sector Is Battered
Image Source: UnsplashStocks were sharply lower today following headlines about Iran launching missile strikes against Israel. This, unsurprisingly, pushed up implied volatility and oil prices, triggering a flight-to-safety trade.However, a deeper look suggests there was more to today’s market moves than just escalating tensions in the Middle East. Even before the market opened, negative headlines about Apple (AAPL) […]
Job Quits Drop Again, Well Below Pre-Covid Levels
Image Source: UnsplashJob quits continue to plunge in nearly all job sectors.Data from the BLS, chart by MIshJob Openings and Labor Turnover JOLTSThe Job Openings and Labor Turnover Summary for August shows some sobering trends. At the March 2022 peak, there were 12,182,000 job openings vs an unemployment level of 5,993,000. There were more than two openings per […]
WTI Extends Gains After API Reports Another Crude Inventory Draw
Image Source: Unsplash Oil prices surged today as the record spec shorts suddenly realized that the Middle East is shitshow of geopolitical bomb fuses just ready to be lit. WTI spiked dramatically up near $72 on the Iranian missile attack in Israel before fading back a little “Iran sits astride the world’s most strategic energy region, […]
Geopolitical Tensions Rise As Stocks Teeter Near Highs
Image Source: Unsplash A category 4-equivalent typhoon is barreling toward some of Taiwan’s most important semiconductor factories… Ground war is spreading in the Middle East… Some of the biggest, busiest ports in the United States are frozen by strikes…The cherry on top: Fed Chairman Jerome Powell sounded ever-so-slightly hawkish when he said the Fed was in […]
Central Banks Shock Investors
Image Source: Unsplash This month, central banks surprised investors with a series of policy changes aimed at easing their previously restrictive stances. These measures are fostering bullish sentiment as it appears the Federal Reserve, European Central Bank, People’s Bank of China, and others are aligning toward a more accommodative policy approach to improve global growth prospects.The […]
BREAKING: Bitwise files for XRP ETF via Delaware trust
Key Takeaways Bitwise establishes a Delaware trust as a precursor to an XRP ETF. SEC’s cautious stance on crypto ETFs reflects in the lengthy approval process. Share this article Crypto asset manager Bitwise has taken a step toward launching an XRP ETF. According to a filing with the Delaware Division of Corporations, the company has […]
Bitcoin drops below $62K as Iran launches missile attack on Israel
Key Takeaways Bitcoin fell below $62K due to escalating Middle East tensions. Market volatility continues as geopolitical and economic uncertainties persist. Share this article Bitcoin’s value plummeted below $62K on Tuesday afternoon following news that Iran had launched a missile attack on Israel. At the time of reporting, BTC was trading around $62,200, down 1.4% […]
Ethereum Struggles To Reach Higher Highs: Key Levels ETH Must Break
Image Source: Pexels Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently lagged behind other top tokens, posting losses on both a 24-hour and weekly basis.Despite this downturn, some analysts believe that if Ethereum can overcome critical resistance levels in the near future, it may follow seasonal trends typically seen in “Uptober,” potentially leading to […]
Stock Market Volatility Could Rise In October
Image Source: Unsplash The stabilizing force from the JPM collar is now behind us.Video Length: 00:07:39More By This Author:Volatility May Rise Sharply Following Quarter EndThe Yen Carry Trade Unwind May Have Come Back To LifeA Wave Of Volatility Is Poised To Hit The Market This Week
