text size Fixed income markets are pricing in significant additional rate hikes this year, but earnings forecasts by some equity analysts remain optimistic. Michael Nagle/Bloomberg It was a first half destined to haunt investors. The past six months have historically been bad for stocks, bonds, cryptocurrencies, and virtually every other asset class outside of commodities. … Read more
Hi! Welcome back to Distributed Ledger, our weekly crypto newsletter, hitting your inbox every Thursday. I will guide you through the current bear markets. As usual, you can find me on Twitter at @FrancesYue_ to send feedback or let us know what you think we should cover. You can also email me to share your … Read more
By now, even the most ardent tech and growth stock enthusiasts have realized that the bull market is over. John Kornitzer’s approach to picking quality stocks for the Buffalo Flexible Income Fund has worked well during the bear market. High inflation, uncertainty in so many industries due to supply chain issues and labor shortages, tighter … Read more
The recent impotence of the cryptocurrency market teaches investors a painful lesson about the risks of trading digital tokens through intermediaries. A bankruptcy restructuring would be breaking new ground for crypto investors. “What can be predicted with certainty is that there will be litigation and delays,” said Adam Levitin, a Georgetown University law professor who … Read more
The latest crisis began Sunday with Celsius, one of the largest crypto lending platforms, pausing all withdrawals, exchanges, and inter-account transfers. According to a Tuesday Wall Street Journal report, the company has reportedly hired restructuring lawyers to advise on possible solutions to its mounting financial woes. Meanwhile, rumors of potential stress at influential hedge fund … Read more
The prospect of faster-than-expected monetary tightening has rocked Wall Street, dragging the S&P 500 deeper into bear territory on Tuesday and forcing investors to reevaluate a stock market that doesn’t look cheap even after its dramatic sell-off. It’s been an ugly spell in markets, reflecting concerns about how the economy will hold up when the … Read more
The sell-off in stock markets deepened Monday as the S&P 500 entered a bear market as investors revisited Friday’s late-breaking inflation data and liked it even less. Investors have largely offloaded risk as the likelihood of aggressive monetary tightening by the US Federal Reserve increased. The S&P 500 fell 3.9% as 495 of its 500 … Read more
Last week’s shocking US inflation numbers continue to rip through markets with dip buyers appearing to be hiding. The hardest-hit Nasdaq 100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed earnings, with expectations that the central bank may have to do something bold that will spark even more concern. The aftermath … Read more
Stocks have fallen this year amid rising interest rates. With inflation showing little sign of slowing down, many investors are concerned that corporate earnings could be the market’s next falling mainstay. The S&P 500 is down 18% in 2022, its worst start to a year since 1962, as the Federal Reserve embarks on a rate … Read more
The average price for a gallon of regular unleaded gasoline in the US hit $5 as of Friday night, and fuel cost increases are expected to continue during the busy summer driving season. The record high comes as US consumer inflation hit its highest level in 40 years and crude oil prices remain elevated, according … Read more