ABNB has been a swan dive for months as the company which was once seen as the poster child for post pandemic recovery has lost the confidence of Wall Street and mom and pop investors.
Yesterday’s inflation data shocked the market with core CPI readings hitting a 26 year high as base effects, supply shortages and resurgence of demand created this biggest jump in price conditions in decades.
But while the public health emergency remains a terrible cost of stress to those societies and economies the region may soon see an unexpected boom in economic activity and investors are beginning to take notice.
This month marks the 20th anniversary of the QQQ – the Nasdaq ETF, one of the most profitable financial products ever invented. If an investor allocated $100 each week to the QQQ presently his portfolio would be worth approximately $668.000 or about three times the total investable capital.
Key FAANG stocks all reported numbers with most blowing out their results well above consensus estimates. Yet the overall market is showing little follow through as the tech heavy Nasdaq trades lower this morning.
In yesterday’s FOMC presser Fed Chair Powell in responding to a question about central bank digital currencies made an offhand remark about a new program that could change the financial services industry as we know it.
AAPL will report earnings after the close today and markets are expecting a blow quarter as the Cupertino giant is likely to have re-established its leadership in the global smartphone handset market. There is however one area of the market that is actively betting that the stock will fall.
This weekend the crypto market experienced what many in the media ara calling Black Sunday as a variety of instruments including Bitcoin and Ethereum dropped nearly 20% before recovering somewhat.
The markets are anticipating a massive rebound in Retail Sales this month but some economists predict that that number may be even bigger than forecast.
Ever since the announcement of vaccines late last year the single best pair trade in the market was to go long small cap stocks and sell the high tech stocks (long IVM/short QQQ).
Are Americans ready to travel once again? Yes and no. As the following chart shows TSA figures show a strong recovery in passenger count but traffic remains below the pre-pandemic highs.
The capital markets have a busy week of data ahead with both macro and micro reports likely to affect everything from equities to bonds to commodities. The week ahead boils down to three questions.