The Nasdaq Composite COMP just recorded its seventh consecutive decline, the longest losing run in nearly six years, amid fretting over stubborn inflation, sharply rising borrowing costs and a resurgent dollar.
Indeed, Julian Emanuel, Evercore ISI’s chief equity and quantitative strategist, says that past experience tells us the recent volatility does not portend well. “Such a 50/50 whipsaw has happened only 4 other times since 1950 and confirms that the prevailing bear market has not ended,” he states. The markets S&P 500 futures ES00 rose less than 0.1% to 3912 as the 10-year Treasury yield TMUBMUSD10Y dipped 3.5 basis points to 3.314%. U.S. crude oil CL.1 was up 0.9% to $87.63 a barrel. Gold GC00 added 0.3% to $1,717 an ounce and Bitcoin BTCUSD slid 0.9% to $18,796.
why are they noot talking aboout it. .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is the U.S. stock market closed today?The stock market is closed today in honor of Labor Day. A hot labor market has been a key focus in markets, particularly with the Fed vowing to fight inflation until it recedes to its 2% annual target, even if that means more pain. Futures r still open tho
Source: MarketWatch - 🏆 3. / 97 Read more »
Morgan Stanley strategist who called the bear market sees a new low in the fourth quarterMorgan Stanley says it sees stocks falling below their June lows before the end of the year.
Source: CNBC - 🏆 12. / 72 Read more »
Here's what Morgan Stanley says will fuel another decline in stocksMorgan Stanley strategist Mike Wilson says there's more pain in store, but for a different reason.
Source: MarketWatch - 🏆 3. / 97 Read more »
Bitcoin Hits Lowest Level Since June as Cryptocurrency Market Drops Below $1 Trillion AgainCryptocurrency prices are being hit by a higher U.S. dollar and falling stock markets as the Federal Reserve continues to tighten policy to fight inflation. Do not fear bitcoin bear markets. They lead to accumulation phases of a lifetime. The only trick is to just stick around no matter how bad it gets, accumulate $BTC Y’all follow btcmarrt she’s is a wonderful analyst in crypto, her tweets & tips has been accurate Follow her Do not fear bitcoin bear markets. They lead to accumulation phases of a lifetime. The only trick is to just stick around no matter how bad it gets, accumulate $BTC Y’all follow btcmarrt she’s is a wonderful analyst in crypto, her tweets & tips has been accurate Follow her
Source: NBCDFW - 🏆 288. / 63 Read more »
Asian Stock Market: Bears keep reins amid downbeat Aussie/China data, hawkish Fed betsAsian Stock Market: Bears keep reins amid downbeat Aussie/China data, hawkish Fed bets – by anilpanchal7 Asia RiskAppetite Fed Recession Equities
Source: FXStreetNews - 🏆 14. / 72 Read more »