A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
Posted: March 10, 2023 1:34 PM ET Bitcoin saw its losses deepen on Friday, falling below $20,000 for the first time since January, as investors fret over contagion from Silicon Valley Bank, which was shuttered by regulators and taken over by the Federal Deposit Insurance Corp. days after crypto-friendly Silvergate Bank said it would cease … Read more
One of the bond market’s most reliable indicators of impending U.S. recessions dipped further into triple-digit negative territory on Wednesday, as Federal Reserve Chairman Jerome Powell reiterated the need for higher interest rates. high and a possible reacceleration of the rate of increases. The widely followed spread between 2- and 10-year Treasury yields was minus … Read more
There will be no rest for investors this week as they await a landmark report on the state of the US labor market, as well as semi-annual congressional testimony from Federal Reserve Chairman Jerome Powell. To complicate matters further, investors will also be watching the reaction of equities to more attractive risk-free yields in the … Read more
Zero-day expiration options are not for the faint-hearted, but they have still exploded in popularity lately, raising concerns about exaggerated market volatility. Daily notional volumes of these 0DTE options that track the S&P 500 index have exploded to a record $1 trillion, according to data from JPMorgan. Marko Kolanovic, JPMorgan’s chief strategist, warns of the … Read more
We have two ears, two eyes and one mouth, which, according to the old aphorism, means that we have to listen and look about twice as much as we talk. Investors who heed this advice by resisting the impulse to tell the market what it should do and instead listen to it will likely find … Read more
Wholesale retailer Costco Wholesale (COST) reported strong profits for its second quarter of fiscal 2023 on Thursday, even as signs of weakening sales dragged shares down after hours. But the results don’t change the Club’s view that Costco is still the best-run retailer in the United States. Revenue for the three months ended Feb. 12 … Read more
