Category Archive: Finance, No picture
This Bear Trap Could Make Us A Fortune On Thursday
Image Source: Unsplash Woah, markets are crashing lower tonight! But if you watched last night’s video, this is exactly what we expected…This is the perfect spot to get long, and this BEAR TRAP could be our biggest winner of the week!Emini and Nasdaq are still bullish overall, but this strong move down isn’t joking around…How do […]
Walgreens Cuts Prices On 1,500 Items As Did Amazon And Target
Image Source: UnsplashWhen the price cut headline hit this morning, one might have expected bond yields would drop. Instead, they continued their May trend of higher yields.Walgreens chart courtesy of Stockcharts.ComWalgreens Joins the Price Cutting ParadeCNN reports Walgreens Is Cutting Prices on 1,500 Items. Walgreens is joining other retailers in cutting prices across the board, from snacks […]
Fidelity’s Ethereum spot ETF listed on DTCC under ticker $FETH
Fidelity’s Ethereum spot ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol $FETH. This development comes on the heels of the US Securities and Exchange Commission’s (SEC) approval of spot Ethereum exchange-traded funds (ETFs) on May 23.Fidelity’s Ethereum spot ETF is now listed on DTCCBlackRock’s Ethereum fund, iShares […]
Interest Rate Fears Turn Markets Downward
Image Source: UnsplashBond yields kept moving precariously higher today. This is a major reason for today’s big selloff in the equities markets, just a day removed from the Nasdaq notching another all-time closing high. But it was the Dow that took it on the chin for this session, down -411 points or -1.06%, bringing levels down […]
Bond Battering Drags Stocks And Commodities Lower
Image Source: PexelsThe past few U.S. Treasury auctions have attracted weak demand, particularly from foreign buyers. That’s dragged bond prices lower and pushed yields higher.This has upset the tenuous balance the market has achieved over the past few weeks, and we’re beginning to see the likelihood of the market’s worst fears being realized: higher for longer!That […]
Asia Morning Bites For Thursday, May 30
Image Source: Unsplash Global Macro and Markets Global Markets: US Treasury yields continued to edge higher on Wednesday. The 2Y yield rose 1.7 basis points, but the 10Y rose 6.2bp to 4.612%. With PCE inflation data on Friday, we may see yields push closer to the April 4.705% local peak today, with any subsequent movement determined […]
Ethereum ETFs could debut by June as BlackRock updates S-1 form
BlackRock filed an updated version of its spot Ethereum exchange-traded fund’s (ETF) S-1 form, as reported by user PhoenixNews on X. The S-1 form is an initial registration required by the US Securities and Exchange Commission (SEC) before a security can be publicly traded.As reported by Crypto Briefing, the SEC started talks with Ethereum ETF […]
Who Brought The Skunk To The Garden Party ?
Image Source: UnsplashMARKETSWith bond yields lighting up like a fireworks display, stock markets took a nosedive on Wednesday, turning what could have been a victorious month into a stumble for the big three indexes. Indeed, stocks are getting a good old-fashioned spanking after a lacklustre bond auction. The hawkish chatter from the Fed, especially the stern […]
The Winds Of Market Change Are Blowing
Image Source: UnsplashSentiment was undoubtedly in a risk-off mood on Wednesday across the market, following the trends on Tuesday. The bigger question is whether this is the start of a shift in longer-term trends towards tighter financial conditions or a little pause in an otherwise risk-on market. Starting tomorrow and running into next Friday, June 7, […]
Bank Of Canada Preview: Time Is Ripe For A Cut
Image Source: Pexels We think markets are underestimating (16bp) the chances of a rate cut next Wednesday. Consensus is split, but with inflation within the BoC’s comfort band and unemployment rising, we see policymakers narrowly favoring a 25bp cut. However, the BoC may be cautious on signaling further easing as the rate spread with the Fed may widen […]
