Fed Preview – 50bp or 75bp?
Expectations for a 75bp hike soared to 96% according to the CME’s Fed Watch tool.
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Expectations for a 75bp hike soared to 96% according to the CME’s Fed Watch tool.
The rally in currencies and equities continued on Thursday with the U.S. dollar extending lower.
Currencies and equities have been consolidating ahead of Wednesday’s Federal Reserve monetary policy announcement.
Everything from equities, currencies to Treasuries and crypto have been itching for breakouts. With five major central bank rate decisions…
Apple is about to become the world’s first three trillion dollar company and the question facing investors in 2022 is could the party last?
U.S. inflation numbers will be released tomorrow and economists are looking for the monthly CPI growth rate to slow and the annualized rate to accelerate.
AMC, one of the great meme stock stories of the year remains relatively close to its mania highs but forward progress has come to a grinding halt and the longer that dynamic lasts the more likely the stock is to fall.
Oil continues to hover near multi year highs with yesterday’s surprise inventory draw numbers only adding to the bullish posture of the market. Although the Biden administration has made several attempts to jawbone the price of oil lower, first by appealing to OPEC to increase production and them hinting that it may release some stockpiles from the SPR reserve most analysts believe that crude and the whole hydrocarbon complex will at very minimum remain steadily bid for the foreseeable future.
Tesla’s shares are down more than -7% in early European trade today after Elon Musk polled his followers on Twitter if he should sell 10% of his stock. The typical Musk theatrics aside, the key question going forward for investors is whether Tesla stock may have peaked for the near term, setting it up for a nasty correction. The answer may be yes.
In June we discussed the investment thesis for uranium noting that several analysts have called it the “greatest trade of our lifetime”. Since then uranium stocks have exploded and we take another look at the reasons why this is suddenly the case.
But although EV market penetration is miniscule, regulatory pressures, advances in battery technology and massive capital spending by auto manufacturers indicates that in the next decade the world will make an inexorable shift away from the polluting and expensive ICE engine.
Bitcoin is up 50% of the lows and there are a plethora of reasons why the crypto currency has rallied, but perhaps the most important one is one that is least discussed – China.