Money/Currency Markets

A further 27% drop in the S&P 500 could be coming if inflation hawks are right, Goldman Sachs team warns

A further 27% drop in the S&P 500 could be coming if inflation hawks are right, Goldman Sachs team warns

Not exactly TGIF this Friday. What the sellside is slowly realizing is not just that the Fed is going to be aggressive in September after the latest shocking inflation figure, but that the central bank will have to keep rates higher, and for longer. The British pound GBPUSD, -0.72%, in some respects a proxy for …

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The Ethereum ''Merge'' Is Disrupting Crypto Trading And Lending. What to Know.

Ethereum’s ‘Merge’ Is Disrupting Crypto Trading and Lending

Text size Ethereum’s “Merge” is a hotly anticipated and long-awaited upgrade. Dreamstime Crypto markets linked to Ether are facing disruption as the blockchain network behind the world’s second-largest cryptocurrency nears the end of a critical upgrade. The final stage of Ethereum’s “Merge” is now about a week away. Expected to finish around Sept. 15, it …

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Bullish traders may love this remarkable contrarian signal

Bullish traders may love this remarkable contrarian signal

Chastened investors will be wary, however. It hasn’t benefited either bulls or bears of late to assume a march in either direction can be maintained for long without containing sharp reversals. For example, within the last six months the S&P 500 SPX, +0.70% has seen a 16% drop, then a 7% rally, followed by a …

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The Ethereum ''Merge'' Is Disrupting Crypto Trading And Lending. What to Know.

The Ethereum ”Merge” Is Disrupting Crypto Trading And Lending. What to Know.

Text size Ethereum’s “Merge” is a hotly anticipated and long-awaited upgrade. Dreamstime Crypto markets linked to Ether are facing disruption as the blockchain network behind the world’s second-largest cryptocurrency nears the end of a critical upgrade. The final stage of Ethereum’s “Merge” is now about a week away. Expected to finish around Sept. 15, it …

The Ethereum ”Merge” Is Disrupting Crypto Trading And Lending. What to Know. Read More »

Ethereum’s Big Moment Is Coming With ‘The Merge.’ What It Means for Crypto.

Ethereum’s Big Moment Is Coming With ‘The Merge.’ What It Means for Crypto.

If Bitcoin is crypto’s answer to gold, Ethereum is the closest thing it has to its own internet. Anyone who wants to mint a new token, launch a crypto app, or spend $150,000 on a Bored Ape nonfungible token, or NFT, probably uses the Ethereum network. More than $3 billion in transaction volume flows through …

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Shrinking the Fed's balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns

Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns

“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sheet demandable liabilities” — Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist at the IMF The Federal …

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Disappointing U.S. data has  traders considering possibility of a half-point Fed rate hike in September

Disappointing U.S. data has traders considering possibility of a half-point Fed rate hike in September

In the blink of an eye on Tuesday, the U.S. bond market’s focus shifted back toward fears of an unexpectedly sharp economic slowdown and away from persistently high inflation over the bulk of the trading day. That sentiment shift occurred after data showed U.S. new home sales plunged in July to the lowest level in …

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Bitcoin Keeps Falling. Why Friday Could Bring a Bounce.

Bitcoin Keeps Falling. Why Friday Could Bring a Bounce.

Text size Bitcoin prices tumbled last Friday and remained weak over the weekend. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were weaker on Monday, in line with the stock market, extending recent declines ahead of what could be a turbulent week of trading. The price of Bitcoin shed less than 1% over the …

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Here are 5 reasons that the bull run in stocks may be about to morph back into a bear market

Here are 5 reasons that the bull run in stocks may be about to morph back into a bear market

Some market gurus are starting to worry that the summer rally on Wall Street may be starting to fizzle, after stocks lurched from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely headed for a pullback, even though the economy is in better shape than many Americans …

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