Health experts around the world are worried about Omicron but investors are not – at least, that’s what the 2% rally in stocks and rebound in the U.S. dollar suggests.
What makes today’s announcement so important is the timing. The COVID-19 Omicron variant is a serious risk that many scientists are still struggling to understand.
The U.S dollar rose to 4.5 year highs against the Japanese Yen and 16 month highs against the euro today as Treasury yields extended their gains.
Michael Batnick, head of research at Director of Research at Ritholtz Wealth Management posted a very provocative chart that showed what the performance of the Dow would be if its membership was unchanged from 1998 versus its actual returns for the past two decades. The difference was startling. The dynamic Dow outperformed the static Dow by nearly a factor of four.
A precise end date for QE will be positive for the dollar, although it could also be calculated by the amount of bond purchases cut per month.
Buckle your seatbelts because the next 24 hours will be a busy one for the foreign exchange market.
Everyone knows that the Chinese word for crisis is made up of two characters that mean danger and opportunity. Nowhere is this combination more evident than in the Chinese internet stock sectors which has taken a severe beating this year due to new government regulation that has put the whole industry on notice.
The recent Chinese regulatory crackdown on a variety of companies from Didi to its education sector has many investors worried about the prospect of capital assets in Asia causing Chinese equity markets to dip over the past few weeks as traders reassess the risks.
Whether you firmly believe that the COVID fiscal and monetary response is about to unleash a tidal wave of inflation or simply want to have some tail risk protection for your portfolio, an allocation to precious metals is probably a wise bet.
Many analysts believe that the only way to reconcile the immediate energy needs of an ever growing global population and curb carbon emissions at the same time is to turn to nuclear power.
In a recent episode of Market Huddle podcast Jim Leitner of Falcon management shows how retail investors can synthetically create digital options which have been available to the institutional traders for decades.
In a fascinating Odd Lots podcast with Tracy Alloway and Joe Wiesenthal he takes the audience on a wild stream of consciousness ride that explains the most arcane details of the fractured modern electronic market structure and Virtu’s attempt to provide intermediation in every major marketplace in the world.