Here’s why this trader is piling back into one of the year’s hottest commodities

The end of June is night and good riddance. Down about 7%, only March has delivered a win for S&P 500 SPX, -2.01% investors this year, as pandemic fallout has been compounded by Russia’s brutal and deadly invasion of Ukraine that has seemingly driven up prices of everything. While still an ugly month, stocks saw … Read more

Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says

A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us … Read more

Crypto crash: forced selling cools down; correlation with equities back in focus

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

Binance is ‘in it for the long game’ when it comes to Europe and doesn’t fear the crypto crash

As crypto winter sends to chill down the markets, with the price of Bitcoin crashing below the key threshold of $20,000 (€19,000) and crypto exchanges laying off staff as fears of a recession bite, the world’s largest crypto exchange says it’s all déjà vu and is not concerned. “It’s an early industry and we’ve been … Read more

Opinion: What Ben Bernanke and other bitcoin skeptics get wrong about crypto — even after this latest crash

Ben Bernanke, former chairman of the Federal Reserve, has been a vocal skeptic on bitcoin BTCUSD, -1.34%. It’s stated that the cryptocurrency has no underlying value and cannot act as a store of value, which renders it not credible as a currency. “If bitcoin were a substitute for fiat money, you could use bitcoin to … Read more

Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch

The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructuring attorneys to advise on possible solutions for its mounting financial problems, according to a Tuesday report by the Wall Street Journal. Meanwhile, rumors swirled over potential stress … Read more

In `fragile’ financial markets ahead of Fed’s decision, some traders and strategists see risk of instant recession

Financial markets are on precarious footing since last Friday’s surprise reading on accelerating US inflation for May — with Treasurys, stocks, credit and currencies all exhibiting friction or tension ahead of the Federal Reserve’s interest-rate decision on Wednesday. According to strategist Ben Emons and trader Tom di Galoma, the process of transmitting monetary policy through … Read more

Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom

Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanley’s Mike Wilson, who can count some wins after pounding the table this year over a gloomy stock setup, told clients on … Read more

Opinion: ‘Liquidation panic’ has taken over the stock, bond and crypto markets — and this may be the beginning of the end

The US stock market is experiencing a liquidation panic where everything is getting sold. The good news is such panics usually don’t last long. Analysis from Rob Hanna of Quantifiable Edges suggests a rare Inverse Zweig Breadth Thrust (ZBT). Although the sample size is small (n=10 since 1926), the bearish implications of the study are … Read more