Bonds flash recession warning light as key part of the yield curve inverts again

Bonds flash recession warning light as key part of the yield curve inverts again

The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield … Read more

To understand this vile market, study the dot-com crash of 2000

To understand this vile market, study the dot-com crash of 2000

Forty years is an awfully long time. Yet that’s how much time has passed since we have had an abomination like this first half of the year. Almost everything went down. Your stocks went down. Your bonds went down. Your house went down. Your crypto went down. The only thing that didn’t go down were … Read more

Bitcoin as a global standard would be an ‘absolute economic catastrophe’ – Ernst & Young’s global blockchain leader

Bitcoin as a global standard would be an ‘absolute economic catastrophe’ – Ernst & Young’s global blockchain leader

(Kitco News) If Bitcoin were to become a global monetary standard, it would be an “absolute economic catastrophe,” said Ernst & Young’s global blockchain leader Paul Brody. The world’s largest cryptocurrency is by default considered a deflationary asset in the digital space. What this means in the crypto world is that its supply is finite … Read more

May retail, industrial production, fixed asset investment

May retail, industrial production, fixed asset investment

BEIJING — China released economic data for May that topped muted expectations for a month hampered by Covid controls. Industrial production rose mildly by 0.7% in May from a year ago, versus an expected 0.7% drop, according to analysts polled by Reuters. In April, industrial production unexpectedly fell, down by 2.9% year-on-year. Retail sales fell … Read more

The IPO market is hibernating, waiting for the market to turn

The IPO market is hibernating, waiting for the market to turn

You think the stock market had a bad quarter? The IPO market was a catastrophe, and it’s not looking much better for the third quarter. Almost no one wanted to go public in the second quarter, and with good reason: record inflation and heightened recession fears investor soured appetite for established stocks, let alone IPOs. … Read more

European markets open to close after worst quarter since 2020

European markets open to close after worst quarter since 2020

LONDON — European markets closed mixed Friday after suffering their worst quarter since the onset of the Covid-19 pandemic, as inflation and interest rate hikes continue to weigh on sentiment. The pan-European Stoxx 600 index closed flat, having earlier posted gains of 1% in early deals. Tech stocks fell 2% to lead losses while utilities … Read more

5 things to know before the stock market opens Friday, July 1

5 things to know before the stock market opens Friday, July 1

Here are the most important news items that investors need to start their trading day: 1. Second half begins Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022. Brendan Mcdermid | Reuters Markets are looking to rebound following the worst first half for stocks … Read more

Central Bankers Talk Tough on Interest Rates. That Could Change if Markets and Economies Don’t Perk Up.

Central Bankers Talk Tough on Interest Rates.  That Could Change if Markets and Economies Don’t Perk Up.

Text size European Central Bank chief Christine Lagarde doubts that “we are going back to that environment of low inflation” that existed prior to the Covid-19 pandemic. Ronald Wittek/Pool/EPA-EFE/Shutterstock Former Federal Reserve Chairman Ben Bernanke contends that monetary policy is 98% talk. Central bankers are supposed to communicate goals they want the public and markets … Read more

Recession fears flare and jobs report looms as markets head to Q3

Recession fears flare and jobs report looms as markets head to Q3

Traders work on the floor of the New York Stock Exchange. NYSE Investors are greeting the third quarter with greater trepidation about a recession, and that makes next Friday’s June jobs report a potentially bigger catalyst for markets than it might otherwise have been. The jobs report and Wednesday’s release of minutes from the Federal … Read more

Why China’s Quarantine Easing Won’t Help the Economy

Why China’s Quarantine Easing Won’t Help the Economy

Text size China has reduced the quarantine time for inbound travelers. Here: passengers wait to be taken to quarantine-designated destinations from the Beijing International Airport. Leo Ramirez/AFP/Getty Images The news this week that China has halved its quarantine time for inbound travelers sent local stocks soaring even higher amid their rally and caused a spike … Read more