Stocks tumble on delta variant fears Stock markets took a hit Monday 19th July 2021, as the headlines read, ‘Dow tumbles 900 points on concern of a Covid rebound‘. Is Covid entirely to blame for this fall? No, not entirely. Fickle highs? So, why now, after all – the virusRead More →
Dow down Inflation fears and the growing threat of the Covid-19 delta variant overshadowed strong retail sales data and better than expected earnings reports as the Dow fell after touching 35000 on the day. U.S. indices finish the week in the red The Dow lost nearly 300 points to closeRead More →
‘Ways off’ Jerome Powell – the Fed chair, said in a prepared statement yesterday that they are still a ‘ways off’ from altering policy and he expects inflation to moderate as it is seen as a temporary situation. He said that the economy needs to improve more before the centralRead More →
Pure speculation Dot-com companies were all the rage in the late 1990’s with the internet the new kid on the block. Speculative investing was rife and led a 400% climb in the U.S. Nasdaq between 1995 and 2000. By October 2002, it had collapsed by almost 80% from its peak. NasdaqRead More →
After a weird week for U.S. stocks – the Dow, S&P 500 and Nasdaq yet again notch new records on Friday after losing ground during the week Inflation and growth Do you believe stalling economic growth is a bigger threat than inflation? Right now I have less of an ideaRead More →
Some analysts believe a pullback in tech stocks is inevitable… and soon On Friday 2nd July 2020, the Nasdaq closed at an all time high of 14639 – up 121% since the Covid 19 low of 23rd March 2020. The broader S&P 500 and Dow have also closed at fresh record highs benefiting from bigRead More →
Hashrate drops More than 54% of bitcoin’s hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its peak in May. The Bitcoin code has re-calibrated to make it approximately 28% less difficult to mine. Miners who are still plugged into the network standRead More →
Repo overnight demand increases Overnight demand for the Federal Reserve’s reverse repo program surged close to $1 trillion on Wednesday 30th June 2021. Is this a problem? The repo system is an overnight money holding facility for banks and financial institutions. A short term parking system for billions of U.S.Read More →
It has been reported that as many as 200 U.S. companies have been hit by a ransomware attack, according to a cyber security specialist. It was a ‘collossal’ hit! It was reported by Huntress Labs that the hack targeted Florida based IT company Kaseya before spreading through corporate networks that useRead More →
Despite S&P 500 and Nasdaq record highs – is there a worry the market is due a correction? Looking at the recent records for the S&P 500 and Nasdaq you’d think all is good. Inflation fears have eased, economic indicators are strengthening and the Federal Reserve remains extremely supportive. ButRead More →