Bob Elliott, Chief Investment Officer at Unlimited Funds, underscores the Federal Reserve’s challenge amid the recent surge in commodity prices. Bond yields have risen sharply this month, reflecting concerns about persistent inflationary pressures amidst a thriving economy. This development marks a notable setback for the prevailing bullish trend in the...
This week witnessed a dramatic downturn in the market values of the top-tier tech companies, known as the “Magnificent Seven,” collectively shedding a staggering $950 billion. Among them, Nvidia bore the brunt, losing almost $300 billion, a figure exceeding the entire market worth of its rival, Advanced Micro Devices Inc....
The performance of U.S. stocks lately isn’t exactly flattering. Despite starting strong, they consistently close lower, sending concerning signals about the overall market health. Thursday marked the fourth consecutive session where the S&P 500 experienced this reversal trend, the longest such streak in six years, indicating significant underlying issues despite...
Over the past week, there has been a significant increase in implied volatility across stocks, bonds, and currencies, marking a departure from the previous period of relative calmness. For instance, the Cboe Volatility Index (VIX), often seen as Wall Street’s “fear gauge,” surged to 19.56 on Tuesday, reaching its highest...
Market analysts and fund managers suggest that markets are now less reliant on Federal Reserve rate cuts and more focused on the growth of corporate earnings. Federal Reserve Chair Jerome Powell’s recent remarks on interest rates didn’t stir up as much market turmoil as anticipated. The S&P 500 closed higher...
Monday witnessed the S&P 500 closing below its 50-day average amidst unexpectedly strong retail sales data and a temporary lull in the Iran-Israel conflict, leading to a rise in Treasury yields. The benchmark index has now retreated 2% from its late March highs, amidst turbulent trading following surprising inflation data,...
