Markets
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[Save ?] Upcoming Events June 19th Week
?Complimentary Bullseye Unlimited Training (11am EST -> join HERE) for the Next Hundred Rocket Trades Challenge ? starting soon! And see more below for that and other great events we have happening this week! What’s your excuse? Join the “I Can’t” Campaign as Jeff’s next Bullseye ?Pick of the Week drops TUESDAY pre-market. Next…
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This incredible chart shows the close relationship between the S&P 500 and Fed liquidity
Earnings, schmearnings. Is what really matters just liquidity? This incredible chart, from Apollo Global Management chief economist Torsten Slok, shows the close relationship between S&P 500 SPX, -0.37% performance and net Federal Reserve quantitative easing (QE) since the pandemic began. Here, Fed QE is defined as the Fed’s total assets minus the balance of the…
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Key U.K. mortgage rate tops 6% as Bank of England set to hike again
A key U.K. mortgage rate topped 6%, days ahead of a Bank of England rate decision where the central bank is again expected to lift interest rates. The average rate for the two-year fixed-rate mortgage stood at 6.01%, according to Moneyfacts. That’s a big shock as more than 1.4 million households this year face or…
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Intel to build new factory in Germany, following similar plans for Poland, Israel, reports say
Intel Corp. has followed up plans for new factories in Poland and Israel, with the go-ahead for a chip facility in eastern Germany, for which it will get €10 billion ($10.9 billion) in subsidies from that government. That’s according to multiple press reports which add that a signing ceremony will take place on Monday afternoon…
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The consumer-led recession you’re worried about already ended months ago, the stock market says
Based on the idea that the stock market’s actions speak louder than those warning about an economic slowdown, the consumer-led recession many have been calling for appears to have ended months ago. And a chart of the consumer discretionary sector’s strength relative to the broader stock market suggests the recovery, if not a new growth…
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Why Peter Hotez says he won’t debate RFK Jr. after weekend of Rogan, Musk taunts
“I’ve offered to come and talk to Joe Rogan again, and have that discussion with him, but not to turn it into the Jerry Springer show with having RFK Jr. on.” That’s Dr. Peter Hotez, the dean of the National School of Tropical Medicine at Baylor College of Medicine, on MSNBC, explaining why he’s turned…
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Next Bullseye ? dropping soon
He is running a 70% off special today – with only 17 seats remaining (at the time of writing this). So give that a look here! I know precisely when I’m going to make my entry… and I know exactly where I’m planning to make my exit. I have my target set on a…
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My ID was lost or stolen on vacation. Can I still get on the plane home?
Plenty of things can go wrong while you’re on vacation. But a lost or stolen wallet is especially stressful — especially when that wallet contains the ID that you need to get on your return flight home. That’s what happened to me during a recent trip to Charleston, S.C., when I discovered that someone had…
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Warren Buffett’s Berkshire Hathaway boosts stakes again in five Japan trading companies
Berkshire Hathaway said Monday it has again boosted its stake in five Japanese trading companies that the conglomerate’s storied leader Warren Buffett purchased two years ago. Berkshire’s BRK.A, -0.46% BRK.B, -0.44% stakes in Mitsubishi Corp. 8058, +0.25%, Mitsui 8031, +0.31%, Itochu, 8001, -0.57% Marubeni 8002, +0.22% and Sumitomo 8053, -0.52% now average more…
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Alibaba, other tech stocks drop as Goldman downgrades China growth forecast
Some of China’s biggest tech names fell on Monday, weighed by concerns the government may not provide enough stimulus with Goldman Sachs becoming the latest Wall Street bank to cut its growth forecasts for the world’s second-largest economy. Shares of video-sharing platform Bilibili Inc. 9626, -5.23% BABA, -0.11% slumped 5.2% in Hong Kong, while e-commerce…
