One day the markets are rallying and the next day the markets are sinking. While the direction seems ever changing, the themes are pretty consistent of late, Turkish lira, trade tariffs and emerging market contagion risks. Yesterday, investors decided that in the absence of “more” favorable market news, it would be a risk-off day. By…
https://www.youtube.com/watch?v=P6vG7uuLJcI...
It was a pretty good day on Wall Street after a couple of downbeat days to end the previous week’s trade. All three major averages finished higher on the day as the Turkish lira rebounded from its recent lows and looks to stabilize further on Wednesday. Even as the S&P 500 has edged within 1%…
And when the markets head lower, the rhetoric surrounding Turkey’s debt and lira exacerbate. That pretty much sums up yesterday’s global equity market trading and media focus with most markets sharply lower, including U.S. indices. The reality surrounding Turkey’s current debt and currency woes is nothing new and seen many a time before. The debt…
Currency devaluation, purposeful or not, causes panic around the world. We’ve seen such concerns regarding the devaluation of the Chinese yuan in recent months. Such devaluation causes imbalances in trade and hyperinflation possibilities, otherwise making it more difficult for the correlated debt of the currency to be repaid. Therefore, contagion concerns spread from the currency…
https://www.youtube.com/watch?v=iJPL4dP7Q_4...
The S&P 500 (SPX) came within 9 points of reaching it’s all-time record high earlier in the trading week and before declining in the latter part of the week. As shown in the chart below, the greatest daily decline for the week came on Friday, with a drop of roughly .70 percent. All three major…...
In our daily market dispatch Thursday, we discussed the bear vs. bull debate with a focus on the bear case delivered by Morgan Stanley. The firm’s chief market strategist has outlined its bearish case for a rolling bear market and offered the $1trn market cap achievement by Apple Inc. (AAPL) as highlighting the possible end…
After all the hullabaloo on Wall Street Tuesday, the major indices were extremely flat and proved an uneventful trade on Wednesday. The Dow fell slightly with the tech-heavy Nasdaq up a tick. The S&P 500 fell less than a full point as the broadest market index found investors wondering whether or not Tesla (TSLA) is…
The trading day was going swimmingly and seemingly without any headlines of significance until around 1:00 p.m. EST on Wall Street. It was around this time that Tesla’s CEO, Elon Musk, tweeted out the possibility of taking the company private at $420 per share or at a $72bn market cap. The tweet also outlined that…
