Monday served as another smackdown for investors who are banking on a Goldilocks economy and a less aggressive Fed.
What comes next is anyone’s guess and that brings us to our call of the day via Saxo Bank’s annual “Outrageous Predictions” for 2023. For more market updates plus actionable trade ideas for stocks, options and crypto, subscribe to MarketDiem by Investor’s Business Daily. MEI Pharma MEIP, -5.74% shares tumble after drugmaker said it would stop developing cancer treatment zandelisib outside of Japan and announces job cuts. Herbalife shares HLF, -1.02% are down 10% after an offering of convertible notes
The U.S. and EU are reportedly considering fresh steel and aluminum tariffs on China to fight carbon emissions.
saxobank bank founders have extended a documentary about them here in Denmark but why, what are you hiding from the public?