Markets

The total annual interest costs on U.S. Federal debt have surpassed the $1.1 trillion mark in the second quarter of the year, with the government now paying a record $3 billion in interest per day on its debt. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the interest expense […]

The stock market’s benchmark index, the S&P 500, has seen its total market capitalization drop by around $1.7 trillion so far in September ahead of expected interest rate cuts from the Federal Reserve later this month. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the stock market hasn’t seen […]

September, a month historically marked by market weakness, has been living up to its reputation so far this year, with equities losing over $1 trillion in total market capitalization in a single session earlier. One trader, however, likely made over $10 million betting on volatility rising. That’s according to a post shared on the microblogging […]

US job openings have dropped to their lowest level in three and a half years in July, to 7.67 million, from 7.91 million in June, while available vacancies “materially missed expectations of 8.09 million.” According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), since seeing a peak in March 2022, […]

Equities have lost over $1 trillion in market capitalization over the past trading session as large-cap tech stocks endured a massive sell-off that saw the price of Nvidia (NVDA), a company that’s been rallying off of AI growth bets, losing over $360 billion in market capitalization including its after-hours move. According to the economics outlet Kobeissi […]

The stock market’s benchmark index, the S&P 500, has added more than $5 trillion to its market capitalization in just 20 days, recording about $250 billion of inflows per trading day after hitting a low on August 5 that translated into its annual return in just that period. According to the economics outlet Kobeissi Letter on the […]

Norway’s massive sovereign wealth fund, which has nearly $1.7 trillion in assets under management generated an 8.6% return, or $138 billion, in the first half of the year, fueled by a surge in stock prices. Norges Bank Investment Management (NBIM), which oversees the fund’s investments, reported that equity holdings gained 12% during the six-month period […]

A mysterious high-stakes wager on long-term government debt placed back in June has been revealed to have been made by Northwestern Mutual Wealth Management. The $2.7 billion bet on BlackRock’s 20+ Year Treasury Bond ETF (TLT) sent shockwaves through the bond market, prompting speculation about a looming economic downturn. According to Bloomberg Brent Schutte, the […]

The stock market’s benchmark index, the S&P 500, has posted its “best day since November 2022,” after seeing a rise of more than 2.3% in the last trading session as it recovers from a significant drawdown seen earlier this month. According the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the S&P […]

A “concerning” economic indicator in the United States is currently pointing to an incoming recession after accurately predicting the last recessions over the last 75 years accurately. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the US unemployment rate has now risen for four consecutive months, its longest growing […]

The relentless sell-off that affected global markets earlier this year and saw the Nasdaq 100 index plunge more than 5% as investors moved to the sidelines, according to JPMorgan Chase, saw the market get close to a tactical opportunity to buy the dip. The global market rout saw the price of Bitcoin briefly drop below […]

The Chicago Board Options Exchange Volatility Index (VIX), a real-time index that represents the stock market’s expectations for near-term volatility, has hit a level that has only been seen twice since it was crated. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the VIX is now above 65, […]

A key recession indicator has just been triggered after the unemployment rate in the United States rose to 4.3% in July, leading to a massive stock market sell-off that saw the S&P 500 index lose more than $1.2 trillion in hours and Bitcoin plunge to $63,000. The unemployment rate rise triggered the Sahm Rule, a […]

The stock market’s benchmark index, the S&P 500, has erased $1.2 trillion of its market capitalization since its daily high in just four hours after falling “in a literal straight line lower.” That’s according to the economics outlet Kobeissi Letter, which noted on the microblogging platform X (formerly known as Twitter), who pointed out that the […]

Tokyo stocks suffered a catastrophic decline over the last trading session, with the Nikkei 225 index plummeting 5.81% to its lowest point in six months and facing the second-worst daily plunge since the infamous Black Monday crash of 1987. The index closed at 35,909.70, erasing nearly 2,217 points in a single day, reflecting the previous […]

Cryptocurrency whales are currently “preparing for the next altcoin rally,” as they have set up limit buy orders for various altcoins beyond Bitcoin and Ethereum, to the point limit buy order volume for these coins has grown in an indicator that “strong buy walls are being set up.” That’s according to the CEO of on-chain […]

A group of seven megacap tech stocks – often referred to as the Magnificent 7 – has lost more than $2.6 trillion in value over the last 20 days, making for an average of $125 billion per day over the period. In total, these stocks lost “triple the value of Brazil’s entire stock market.” That’s […]

The day of reckoning arrived on Wednesday for the tech industry, as a seismic market rout erased a staggering $1 trillion in value from U.S. equities, led by the declines in shares of Tesla and Alphabet that marked the worst day for the S&P 500 and Nasdaq Composite since late 2022. At the heart of […]

Economic data shows that a growing shar of Americans’ income tax is being devoured by the interest payments from the country’s ballooning national debt, which according to online trackers is now close to the $35 trillion mark. As Heritage economist E.J. Antoni pointed out on the microblogging platform X (formerly known as Twitter), interest payments […]

The specter of a market bubble is once again haunting Wall Street as the Buffet Indicator, a metric favored by the Oracle of Omaha that measures the ratio between a country’s total stock market capitalization and its GDP, has hit a new all-time high. According to data shared by Barchart on the microblogging platform X […]

The U.S. federal government’s deficit has ballooned to $1.27 trillion in the fiscal year ending in June, driven largely by surging interest payments on the nation’s mounting debt, the Treasury Department recently revealed. Despite record-high receipts of $466 billion in June, the government still ran a deficit of $66 billion for the month, as Bloomberg […]

According to a recently released research note from JPMorgan, the cryptocurrency market rebound is likely to be short-lived and tactical in nature, not the start of a prolonged bull run. The note, first reported by CoinDesk, came as the price of the flagship cryptocurrency Bitcoin ($BTC) rose more than 10% over the last few days […]

Over the past week, cryptocurrency investment products saw total inflows of $1.35 billion, bringing their ttotal inflows over the last three weeks to $3.2 billion, with Bitcoin investment products bringing in the lion’s share of funds, followed by ETH, Solana, and multi-asset vehicles. According to CoinShares’ Digital Asset Fund Flows report, BTC-focused products saw $1.27 […]

BlackRock, the world’s leading asset manager, announced today that its assets under management (AUM) surpassed $10 trillion for the first time, exceeding expectations in the second quarter. According to the Financial Times, BlackRock’s assets under management rose 13% from the same period last year to now stand at a record $10.6 trillion. The firm saw […]

The Hindenburg Omen, a technical indicator designed to identify potential stock market crashes, has started flashing just one month after its previous signal, raising concerns that a stock market downturn could be coming. The indicator compares the percentage of stock reaching new 52-week highs and lows to a specific threshold. When the number of stocks […]

Bitcoin recent price slide could mean that the stock market’s benchmark index, the S&P 500, may be about to drop significantly as well, as the two assets often move in tandem as investors with greater risk appetite bet on both. According to Barry Bannister, managing, managing director and chief equity strategist at Stifel, Bitcoin’s recent […]

A prominent macroeconomist, Henrik Zeberg, has reiterated his prediction of a looming recession that will be preceded by a final surge in key market sectors, but can potentially be the worst the market has seen since 1929, the worst bear market I Wall Street’s history. In a recent interview on the Soar Financially YouTube channel, […]

Tesla (TSLA) has emerged as a top performer in the S&P 500, inflicting significant losses on short sellers who have bet against the electric vehicle manufacturer that has invested in Bitcoin. Since releasing its second-quarter delivery report on July 2, Tesla’s stock has surged over 25%, building on gains exceeding 44% performance over the last […]

The stock market’s benchmark index, the S&P 500, has been consistently rising over the last few months, moving up 16.7% year-to-date and around 4.5% in just the last 30 days to hit new highs, however the influence of some components of the index has raised concerns. As first pointed out by Zerohedge, the S&P 500 […]

The cryptocurrency space has experienced a wave of forced selling after mote than $800 million worth of long positions were liquidated in the past three days, representing the heaviest liquidation events since April, according to CoinGlass data. These liquidations came amid a wide cryptocurrency market sell-off that has seen the space’s total market capitalization drop […]

The co-founder of the popular cryptocurrency derivatives exchange BitMEX, Arthur Hayes, has recently revealed assuaged concerns about a stalled cryptocurrency bull market by pointing to burgeoning U.S. credit conditions, and suggested investors should “zoom out” to focus on the “broader cyclical trend.” Hayes, a prominent voice in the crypto space, argued in a recent Medium […]

Paul Dietrich, the chief investment strategist at B. Riley Wealth Management, recently painted a concerning picture of the stock market, suggesting a potential decline far exceeding those seen in the early 2000s and 2008 and potentially the worst one Wall Street has seen over the past century. Dietrich, in his latest commentary, argued that the […]

Tech giant Sony is moving into the cryptocurrency world by reviving a digital asset exchange it acquired last year, Whalefin, from cryptocurrency lender Amber Group last year. The exchange was purchased by Sony’s subsidiary Quetta Web in August 2023, with financial details about the deal not being disclosed. Amber Japan, the former parent company of […]

The mysterious stock trader who managed to turn a five-figure bet in electric vehicle firm Rivian Automotive (RIVN) has seen their gains accelerate, to the point they managed to turn round $25,000 into over $2.5 million in a day. According to available data, a single trader purchased a large number of $14 and $13 call […]

Rivian Automotive (RIVN) stock surged in pre-market trading on Wednesday, gripping the electric vehicle (EV) investor community with a near 50% gain after German automaker Volkswagen announced it would invest up to $5 billion in the firm. The surge saw a trader turn around $16,000 into over $1 million in hours. According to data shared […]

Cryptocurrency investment products saw outflows of $584 million over the past week, which added to the previous week’s figure mean investors have taken around $1.2 billion from these products, although investments in altcoins grew significantly recently. According to CoinShares’ Digital Asset Fund Flows weekly report, these outflows could be a result of “pessimism amongst investors […]

Cryptocurrency investment funds have experienced their largest weekly outflow since March, with data showing investors moved over $600 million away from these products amid a cryptocurrency market correction. According to CoinShares’ Digital Asset Fund Flows report, the week ending June 14 saw a net $600 million leave cryptocurrency investment products to reverse a five-week stretch […]

A recent JPMorgan report has suggested that the cryptocurrency space has seen net inflows of $12 billion so far this year, and notes that if flows keep growing as they have so far the figure could reach the $26 billion mark by year end. However the true picture may be less rosy than it appears […]

Citron Research, a prominent short seller known for its bearish position on meme stock GameStop (GME), has revealed it exited its short position on the company’s shares as it noted it respects the “market’s irrationality.” In an announcement on the microblogging platform X (formerly known as Twitter), the short seller is no longer shorting GME […]

Keith Gill, known on X as RoaringKitty and DFV on Reddit, could become a billionaire through his bet on the popular meme stock GameStop (GME) if the price of the firm’s shares hit $67.5, given his massive position. According to a recent report by the Kobeissi Letter, GME’s price surged to an impressive $67.5 during […]

Goldman Sachs is raising a bullish flag for the stock market in early July, anticipating a surge driven by a ‘wall of money’ from passive investment vehicles over the beginning of the third quarter and second half of the year. According to Scott Rubner, managing director and tactical specialist in Goldman’s global markets division, share […]

The total cryptocurrency trading volume on centralized exchanges has plunged 20.1% last month to a total of $5.27 trillion while major cryptocurrencies including Bitcoin and Ethereum remained rangebound, with a sudden volatility spike after the Securities and Exchange Commission approved spot Ether exchange-traded funds in the US. According to CCData’s latest Exchange Review report, spot […]

Keith Gill, known on X as RoaringKitty and DFV on Reddit, is a popular retail trader known for inadvertently being behind the meme stock trading frenzy that started in 2021 and has now kickstarted a new round, with his position on GameStop ($GME) having surged by $78.6 million in just a day. That’s according to […]

Gold market analyst Jan Nieuwenhuijs has recently examined the state of the precious metal market, revealing a significant surge in gold prices owes much to the dual engines of demand: the private market and the People’s Bank of China (PBOC). According to Nieuwenhuijs, the Chinese private sector’s gold imports accounted for 543 tons in the […]

The cryptocurrency space has lost over $100 billion in market capitalization ahead of the U.S. Securities and Exchange Commission (SEC) ‘s expected decision on VanEck’s spot Ether exchange-traded fund (ETF) application. Much like the spotlight that shone on Bitcoin earlier this year, the pre-decision volatility has already set in, causing significant price fluctuations across the […]

On 22 May 2024, a detailed analysis of Bitcoin’s (BTC) recent price action was shared by pseudonymous analyst Bitmidas on social media platform X (formerly known as Twitter). This analysis provided an in-depth look at the market dynamics, offering valuable insights into the current and future state of BTC’s performance. The analysis began by noting […]

The price of the flagship cryptocurrency Bitcoin ($BTC) has surged past the $71,000 mark in a cryptocurrency market rally that saw Ethereum’s Ether, the second-largest cryptocurrency, skyrocket nearly 20% while the total market cap of the space grew by over $200 billion. The sudden move came as Bitcoin broke through the $65,000 mark earlier this […]

Andrew Tate, a former kickboxer known for his controversial online presence, has said on social media he sold $500,000 worth of the flagship cryptocurrency Bitcoin (BTC) to join the current meme stock trend and invest in GameStop (GME) in a bid to cripple a hedge fund manager betting against it. In a series of videos […]

AI and machine learning advancements have greatly enhanced trading bots, enabling them to navigate complex market dynamics and predict trends more accurately. The crypto market’s volatility and profit potential have surged demand for bots, which execute trades faster than humans.  Crypto bots have become more sophisticated and competitive as demand for cryptocurrency assets soars. With […]

The cryptocurrency market has gained around $50 billion amid a wider recovery that has seen the price of Bitcoin bounced back after dropping to the $60,000 resistance level to now trade above $63,000, while altcoins including Dogwifhat (WIF) and Toncoin (TON) saw double-digit gains. According to available market data the price of Bitcoin rose over […]

Tech giant Apple unveiled a record $110 billion stock buyback program, the largest ever seen in the United States above the firm’s own previous buyback programs of $90 to $100 billion seen in 2021 and 2018, respectively. Steve Sosnick, chief strategist at Interactive Brokers, said the number is “astonishing,” with sheer size of the buyback […]

Some of the world’s largest cryptocurrency whales are locked out of around $1.24 billion worth of digital assets, according to new data shared by blockchain intelligence firm Arkham Intelligence on the holdings of the largest whales out there. The largest cryptocurrency whales, according to the data, have a combined total of $3.5 billion in cryptocurrency, […]

Goldman Sachs Chief Economist Jan Hatzius has revealed he remains confident in the Federal Reserve’s plan to implement three interest rate cuts this year, despite recent comments from other Fed officials suggesting a wait-and-see approach. In a Friday interview with CNBC, Hatzius expressed his optimism on the U.S. economy, forecasting growth to reach close to […]

Buying and holding Bitcoin has, for believers in the flagship cryptocurrency, been a profitable strategy this year with BTC moving up over 56% year-to-date. However, a growing number of quantitative hedge funds and academic researchers are proposing a different approach to take better advantage of the cryptocurrency’s swings: trend following. This quantitative strategy, which capitalizes […]

Cryptocurrency investment products saw outflows totaling $942 million over the past week, after seven weeks of inflows that totaled more than $12 billion amid “hesitancy” among investors that came as a result of a recent cryptocurrency market correction. According to CoinShares’ Digital Asset Fund Flows report, trading volumes in exchange-traded products (ETPs) remained high over […]

The price of Bitcoin has recently rallied to add more than $100 billion to its market capitalization after the Federal Reserve decided to maintain interest rates, and Fed Chair Jerome Powell suggested up to three rate cuts could be seen this year. However, even before the Fed’s announcement triggered a BTC price surge, BlackRock, the […]

The world’s largest asset manager BlackRock has recently launched its first Ethereum-based tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which saw the firm fund an Ethereum wallet with $100 million worth of USDC. This initial foray into crypto, however, has taken an unexpected turn. Following the public identification of BlackRock’s wallet address, a […]

Goldman Sachs economists have shifted their timeline for Federal Reserve interest rate cuts, pushing back the expected start date from May to June. This adjustment follows recent pronouncements from central bank officials and the release of January meeting minutes. The investment bank now predicts four rate cuts throughout 2024, dropping their previous forecast of five, […]

The prospect of a smooth transition, or “soft landing” for the U.S. economy seems increasingly unlikely, according to Torsten Sløk, Chief Economist at Apollo Global Management, with his words coming shortly after hotter-than-expected inflation data in the country poured cold water on hopes the Federal Reserve would cut interest rates in March. During an interview, […]

The cryptocurrency market has seen its total market capitalization drop by more than $60 billion shortly after hotter-than-expected inflation data in the United States poured cold water on hopes the Federal Reserve would cut interest rates in March. The core consumer price index (CPI) in the U.S., which leaves out food and energy prices, rose […]