Opinion: The stock market’s rally was a head fake and the smart money now is with the bears
The stock market, as measured by the S&P 500 Index SPX, +0.53%, has fallen below the 4100 level. That is significant because there previously was triple resistance at that level, and when SPX broke out above that level in late January, it seemed as if the next leg of the “new” bull market was underway. […]
Opinion: No ‘soft landing’ is in the cards from Fed rate hikes. Look for recession and a buying opportunity once stock prices decline.
Is the bear market of 2022 over? Are we already in the early innings of the next great bull market? The S&P 500 SPX, -0.16% finished 2022 with a 19% decline (its biggest pullback since 2008). Meanwhile, the Dow Jones Industrial Average DJIA, -0.26% lost 8.8% and the Nasdaq COMP, +0.13% tumbled 33%. It’s been […]
Goldman Sachs Warns Of An Imminent Oil Supply Shortage
Crude oil could soon swing into a deficit that will make next year a difficult one, Goldman Sachs said, as spare production capacity dwindles and underinvestment threatens future supply.Speaking on the sidelines of an event in Saudi Arabia, Goldman’s top commodity analyst Jeffrey Currie said, as quoted by Bloomberg, that the industry is not spending […]
Opinion: Market pros are so happy about stocks right now, you have to wonder if they’re too bullish
There’s an old saw about how if you lay all the world’s economists end to end, they still won’t point in any one direction or reach a conclusion.There’s no such adage about market technicians, but in the past six weeks it appears that the diehard group of technical analysts have all reached the same eventuality, […]
Global investment banks project jump in yuan in 2023 By Reuters
© Reuters. FILE PHOTO: Chinese Yuan banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration SHANGHAI (Reuters) – Global investment banks have raised their forecasts for the this year on expectations the country’s economic reopening and Beijing’s decision to relax property sector curbs will trigger strong capital inflows. The bullish forecasts follow […]
India’s silver imports hit record high of 9,450 tonnes in 2022
India imported 9,450 tonnes of silver in the 2022 calendar year, the country’s highest-ever annual imports. The previous high for silver imports was 8,093 tonnes in 2015. The reasons for high imports last year are multifold: Pent up demand from industry after lockdown years, restocking by jewellery and silverware fabricators, and […]
Market Spotlight: Microsoft Ramping Up Its AI Investment
Microsoft Announces 'Third Phase Investment In Open AI Shares in US tech giant Microsoft are trading around 1% higher ahead of the US open today. The move comes on the back of yesterday’s announcement that the company will strengthen its partnership with ChatGPT maker Open AI via a new multibillion dollar investment deal. While the […]
New Zealand’s FMA Reports 17% Increase in Investment Scams in 2022
The Financial Markets Authority (FMA) of New Zealand said it recorded an increase in the number investment scams discovered during its recent fiscal year that ended in June 2022. Across all categories, the regulator highlighted 111 cases during the period, which represents a 17% increase from 95 cases in 2021. Giving a breakdown, FMA said […]
CySEC Investment Managers’ AUM Drops 7.2% to €9.9 Billion in Q3 2022
The asset under management (AUM) of investment management firms supervised by the Cyprus Securities and Exchange Commission (CySEC) reached €9.9 billion during the third quarter (Q3) of 2022. This represents 7.2% and 14.7% decreases when compared to the firm’s performance during Q2 2022 and Q3 2021. “The decrease in the value of investments is mainly […]
The most unpopular portfolio in America wins in 2022 — again
Yes, Pariah Capital has beaten Wall Street. Yet again.Before fees, too.Oh, and we’re willing to make a semi-serious bet we will do it again in 2023. Pariah Capital is the exclusive free money advice service offered to our readers by MarketWatch. To reach our target asset allocation for the year ahead, we tap the finest […]