Month: May 2021

In this article VIAC GS MS The Viacom office in Hollywood, California. Lucy Nicholson | Reuters Chinese stocks listed in the U.S. fell sharply last week, after several weeks in correction mode. A trader who participated in some of the wild trading in Chinese internet stocks on Friday confirmed that the primary cause of the

Traders on the floor of the New York Stock Exchange. Source: NYSE Is this as good as it gets?  It seems like everything is working, and with good reason: The broad rally is supported by an accelerated vaccine rollout and recent economic reports that have been robust across the board. Nonfarm payrolls.  ISM Manufacturing. ISM

Traders on the floor of the New York Stock Exchange Source: NYSE Earnings season starts with a rare confluence of bullish factors: stocks at new highs, economic reports exceeding expectations, the vaccine rollout accelerating, an uber-dovish Fed, higher tax fears diminishing, and most importantly, expectations that CEOs will provide far more guidance than they did

In this article COIN Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch The pending Coinbase direct listing, scheduled for April 14th on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is

Gary Gensler, then-chairman of the U.S. Commodity Futures Trading Commission (CFTC). Simon Dawson | Bloomberg | Getty Images The Senate is expected to confirm Gary Gensler as chairman of the Securities and Exchange Commission on Wednesday, and crypto assets — including bitcoin — are likely high on his agenda. With Democrats in control of all

In this article PEP A trader works on the floor of the New York Stock Exchange. NYSE Everyone knew earnings were going to be good, but this is really good. “There’s evidence every day that growth is clearly improving around the world, today from the US to Australia,” Ed Hyman, chairman and head of the

Traders on the New York Stock Exchange. Source: NYSE This is a very powerful rally. The combination of surprisingly strong economic reports and even more surprisingly strong earnings reports is pushing broad swaths of the U.S. stock market to new highs. Even the technicians are impressed. “The vast majority of NYSE stocks are in intermediate-term

Traders on the floor of the New York Stock Exchange. Source: NYSE The market is showing some signs of exhaustion, and with good reason.  Most major parts of the market have run up significantly in the past month.  But there is a growing chorus warning that we are at “peak everything.” That is, peak earnings

Traders on the floor of the New York Stock Exchange. Source: NYSE The reopening story is now getting very real, at least for Wall Street. The latest earnings reports are chock-full of companies reporting earnings above expectations, and most importantly, raising guidance. Take steel maker Nucor, which reported what CEO Leon Topalian called the “most

President Joe Biden addresses a joint session of Congress at the U.S. Capitol in Washington, U.S., April 28, 2021. Doug Mills | Reuters If the stock market is considered a barometer of success, President Joe Biden’s first 100 days in office is starting off with a bang — a big bang. Since the election, the