Kids, behold… the January Ron Swanson effect. Nearly every corner of risky assets are up to start the year: The S&P 500 ($SPY) is up 3%. The Nasdaq ($QQQ) is up 5%. Bitcoin ($BTC) is up 25%. Chinese stocks ($PGJ) are up 13%. There are several factors helping drive up the market: 1/ China has…
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Crypto kicks off 2023 with immediate action: Coinbase, $BONK and crypto-related stocks rallies
How’d crypto perform last year? Bitcoin ($BTC) is down 64%. Ethereum ($ETH) is down 67%. In comparison, the tech-heavy Nasdaq index saw a decline of 33%. After everything that happened in crypto last year, it’s honestly surprising that prices haven’t suffered more. But crypto’s as resilient as Kenny; no matter how many times you try…
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How should investors feel about last week’s big market moves?
Did you catch last week’s big moves after the inflation report? The Nasdaq jumped 7.4% — the index’s 14th largest one-day move in history. The S&P 500 jumped 5.5% — the 18th time the index has been up over 5% since 2000. Is the pain finally over? Is the S&P 500 back to new highs?…
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Fourth quarter market outlook: Year-end rebound and midterm elections
2022 brought heavy losses to investors, and many are no longer with us. For those that remain, we’ve made it — to the fourth and final quarter of 2022. Since you’ve come this far, here’s a bit of good news for you… The last three months of the year tend to be the best, historically….
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Falling shipping and commodity prices provide relief to businesses
If you’ve been a victim of the supply chain over the past two years, we have some good news for you. Fears of a recession and slowing consumer spending (not the good news) are driving down two key business costs… 1/ Commodity prices: The S&P GSCI Index — a benchmark for commodity prices (i.e., metals,…
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The Fed is on a mission to bring down the economy
It’ll get worse before it gets better. That’s the expectation that Fed Chair Jerome Powell set last Friday in a speech that sent markets on their worst 5-day streak since June. What’s the big deal? In the past month, a better-than-expected inflation report for July might have given investors too much optimism — sending markets…
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Major crypto platforms and funds are unraveling with big market consequences
Major crypto platforms and funds are unraveling, and the domino effects are having a big impact on the market. Here’s what this means and how markets can get even worse… The big risk in the market… Cascading effects from margin calls and liquidations. Here’s what this means and why it matters: Funds and institutions have…
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What can investors expect in the bear market?
The S&P 500 has entered bear market territory (drawdown of >20%), and based on historical data, we’re likely only early in. What’s the big deal? The markets have been in similar positions several times before. Per the Head of Equity Strategy at Saxo Bank, Peter Garnry (BBG), the current market looks similar to two past…
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