Yen Selloff Accelerated on Strong Energy and Commodity Rallies
Yen’s selloff accelerated rather steeply last week, on the back of surging commodity and energy prices. Dollar was also pressured this time, as treasury yields retreated and on late rally in stocks. Euro was not to far away, as pressured...
Weekly Economic & Financial Commentary: Growing Pains Still Plaguing U.S. Economy
Summary United States: Growing Pains Still Plaguing U.S. Economy Consumer prices, retail sales and U.S. workers quitting their jobs all topped expectations in September. This week’s economic data provided additional evidence that the economy is struggling to find an equilibrium...
The Weekly Bottom Line: Inflation Pressures Remain Elevated
U.S. Highlights The consumer price index rose 0.4% in September, sending year-on-year inflation to 5.4%. Core prices (excluding food and energy) rose 0.2% on the month and held steady at 4.0% y/y. A 0.4% increase in the heavily-weighted shelter component...
Week Ahead: Will Risk-on Continue if there is Stronger Data this Week?
Last week was quiet as far as news was concerned, and the markets were left to themselves to act without an obvious catalyst. While the chatter was on higher US inflation and stronger bank earnings, markets seemed to brush them...
Retail Sales Recap: American Consumer is Alive and Well
US Retail Sales for September MoM increased by 0.7% vs an expectation of -0.2%. August’s print was also revised higher from 0.7% to 0.9%. It appears Americans haven’t been affected yet by any increasing costs due to supply chain issues. ...
Week Ahead: Rising Prices Raise Stakes for Rapid Rate Increases
All about Inflation Wall Street still remains upbeat despite growing an energy crisis that threatens the economic recovery, widespread price increases, and mixed economic data. It seems that inflation will remain elevated for a lot longer than the Fed imagined,...
Grayscale Investments close to filing application for spot bitcoin ETF, source says
Michael Sonnenshein, chief executive officer of Grayscale Investments LLC, speaks virtually during a Crypto Summit Feb. 25, 2021. Daniel Acker | Bloomberg | Getty Images Grayscale Investments plans on filing an application to convert the world’s biggest bitcoin fund into...
Michael Burry of ‘The Big Short’ asked about shorting crypto days before bitcoin hit $60,000
Andrew Toth | FilmMagic | Getty Images “The Big Short” investor Michael Burry inquired about ways to bet against bitcoin just before the world’s largest cryptocurrency hit a six-month high to breach the $60,000 level. “Ok, I haven’t done this before,...
Stocks making the biggest moves midday: J.B. Hunt, Charles Schwab, Virgin Galactic, 23andMe and more
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. J.B. Hunt Transport Services — Shares of J.B. Hunt jumped...
91% of people with health savings accounts make this mistake
The Good Brigade | DigitalVision | Getty Images The vast majority of health savings account owners aren’t investing their money — and it’s likely shortchanging them over the long term. Just 9% of accountholders were investing a portion of their...
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