Tech Poised To Be Commodity’s Friend And Disinflation’s Nemesis
Tech Poised To Be Commodity’s Friend And Disinflation’s Nemesis Authored by Simon Black, Bloomberg macro strategist, Increasing power and raw-material demand from new technology such as generative AI and EVs is likely to be a secular tailwind for commodities and thus an impediment to a return to a low-and-stable inflation regime. Energy stocks are likely […]
China Slaps Boeing, Lockheed, Raytheon With Sanctions Over Arms Sales To Taiwan
China Slaps Boeing, Lockheed, Raytheon With Sanctions Over Arms Sales To Taiwan It has been a turbulent week for Sino-US relations. Beijing criticized US Secretary of State Antony Blinken over his support for Taiwan’s new president, and the Chinese Ministry of Foreign Affairs (MOFA) imposed sanctions on US defense firms over Taiwan support. President Lai Ching-te was […]
Futures Drop, Yields Jump On Red-Hot UK Inflation, Nvidia Earnings On Deck
Futures Drop, Yields Jump On Red-Hot UK Inflation, Nvidia Earnings On Deck US futures are lower on Nvidia day; with the stock down 56bps in premarket trading, while Mag7 and semis are also all lower pre-mkt. As of 7:20am, S&P futures are down 0.1%, just off session lows amid signs of sticky inflation that dampened […]
Target Shares Tumble After Retailer Reports ‘Caution’ About Weak Consumer
Target Shares Tumble After Retailer Reports ‘Caution’ About Weak Consumer Target’s shares slumped in premarket trading in New York after the retailer’s comparable sales missed Wall Street’s consensus estimates for the quarter that ended May 4. This comes as Goldman analysts have warned about faltering low-income consumers in the era of failed Bidenomics. Comparable sales—those from stores […]
It’s Eerily Calm Out There Before Nvidia Earnings
It’s Eerily Calm Out There Before Nvidia Earnings By Michael Msika, Bloomberg Markets Live reporter and strategist Falling volumes, crushed volatilities and record highs, equity markets seem to price nothing but a rosy outlook. While much has gone right for investors this year, some risks can’t be ignored and deserve attention. It seems no one wants […]
Massie Taunts AIPAC After Demolishing Primary Challengers
Massie Taunts AIPAC After Demolishing Primary Challengers Despite having been targeted by the most powerful, pro-Israel political organization operating in America, libertarian-minded Kentucky Congressman Thomas Massie stomped his two Republican primary challengers on Tuesday — and then used social media to mock his Israel-first detractors. Massie cruised to victory, amassing 76% of the vote, while […]
“It’s Happening” – Ethereum ETF Bidders Amend SEC Filings, List At DTCC
“It’s Happening” – Ethereum ETF Bidders Amend SEC Filings, List At DTCC Five potential spot Ether exchange-traded fund (ETF) issuers have submitted amended 19b-4 filings after receiving last-minute feedback from the United States Securities and Exchange Commission (SEC). Several filings show changes from asset managers Fidelity, VanEck and Franklin Templeton, along with joint applications from Galaxy […]
Central Banks Fuel Gold's Ascent to Unprecedented Levels
Gold has surged to its highest level ever, surpassing $2,400 per troy ounce, driven by geopolitical uncertainties and significant purchases by global central banks, especially from emerging markets. Despite rising real interest rates, which typically dampen gold’s appeal, central banks have bought around 2,200 tons since late 2022, accounting for over a fifth of global […]
Gold Consolidates After Record High Amid Rate Cut Speculations
Gold prices dipped by 0.3% to $2,413.96 per ounce on Wednesday as investors awaited the Federal Reserve’s latest meeting minutes for clues on interest rate cuts. After reaching a record high earlier in the week, gold is consolidating its gains. The market remains strong with a buy-on-dip mentality, despite the potential for short-term stagnation without […]
Junk Bonds Surge Amid Broad Market Rally and Investor Optimism
Despite concerns about the U.S. economy, the junk-bond market is thriving, with the risk premium for sub-investment-grade debt narrowing to near pandemic lows. This trend, driven by cooling inflation and hopes for interest-rate cuts, has attracted $3.7 billion into junk-bond funds this year. Investors seeking high yields around 8% have fueled $131 billion in speculative-grade […]