The past week can be safely called waking nightmares for buyers of risky assets. On Friday alone, the cryptocurrency market lost over 10% (and, by the way, there is no queue of buyers, and after all, Bitcoin is already 50% cheaper than it was just 2-3 months ago), and the US stock market, represented by the Nasdaq index, showed the worst week since spring 2020 and...
Not so long ago, we wrote about insider sales, which in 2021 significantly exceeded the figures of the previous year. There was some more information yesterday. Total insider selling hit a record $170 billion last year, up from $94 billion in 2020, according to SmartInsider. Indicative in this regard is the example of Peloton. According to SEC filings, Peloton...
Quite a lot of inflationary data was published yesterday. Prices in the UK grew at the highest rate in the last 30 years (5.4% on CPI). Similar figures for Canada - consumer prices rose by 4.8%. As a result, US Treasury yields continue to rise as markets discount for the tightening of the Fed's monetary policy. In addition, Germany's 10-year bond yield rose above...
Perhaps it is too early to say with certainty that the wind in the financial markets has changed and turned from the north to the south, but the feeling that something is happening does not leave. One of the signs of a change in market reality is the formation of a desynchronization in the price dynamics of assets. The stock market, and the crypt, continue to...
According to classical economic theory in the field of financial markets, it is not possible to “beat the markets” (to consistently show higher returns than the market as a whole): “You can’t beat the market.” At one time (2007), Warren Buffett tested the theory in practice, making a million-dollar bet that hedge funds over a period of 10 years would not be able...
The past week turned out to be quite eventful for significant events for the US stock market. And most importantly, it is difficult to name any positive, at least for risky assets. Inflation in the US continued to break records. The consumer sector, with its 7%, was noted at the maximum levels since 1982, while the production sector remained at the historical...
After the highest consumer inflation in the last 40 years, followed by a 10% increase in producer prices, the ranks of the Fed finally closed: it is necessary to tighten monetary policy as soon as possible. And if at the start of the week the markets were counting on an increase in May, then after a series of aggressive comments from the Fed officials after...
Looking at yesterday's data on consumer inflation in the United States, one involuntarily wonders what the Fed was counting on when they repeated the mantra about the temporality of inflation for six months and assured that it would resolve itself. It resolved to the highest growth rates since 1982 and an annual growth rate of 7%, which is unheard of for developed...
Risky assets were recovering yesterday, while the VIX Fear Index was declining. To say that there were some special reasons for this, perhaps, is impossible. On the contrary, the headlines of the leading news agencies set up rather gloomy thoughts. Let's start with the fact that Fed Chairman Jerome Powell said that the economy is in good enough shape for the...
Buyers in the US stock market were again uncomfortable yesterday. There were no new reasons on the horizon: all the same talk about tightening the Fed's monetary policy. Meanwhile, the number of bad omens is growing. The point is that although the US stock market as a whole seems to be in order, some of its elements (the most extreme) or other risky assets are...
The past week turned out to be one of the worst for risky assets in recent years: crypts were falling, sales were going on in the US stock market. And it was not about the omicron, which, although it provoked new world records of the pandemic (the number of new daily cases of diseases approached the 3 million mark, and a couple of weeks ago only slightly exceeded...
Buyers of risky assets were not in the mood for fun yesterday. The US stock market collapsed, commodity assets went into deep minus, crypto, of course, fell. Tellingly, nothing fundamentally new has happened. It's just that the Fed was reminded that 2022 will be the year of tightening of monetary policy in the United States. Although everyone knew about it. The...
The main event of yesterday was the OPEC + meeting. But this time there was very little intrigue. Unlike a couple of previous meetings, when the markets were not sure about an increase in production by 400K (either because of the fall in oil prices, or because of the pandemic), this week everything went very casual. An additional 400K b / d will appear on the oil...
The new year kicked off on a very optimistic note for risky assets. Tesla gave cause for optimism, having reported about 936K sold electric vehicles at the end of 2021. This is 87% more than in 2020. The growth rate is astounding, especially against the backdrop of the main scourge of automakers in 2021 - the lack of chips. And although Tesla shares were quite...
Omicron continues to amaze with the speed and scale of its spread. The numbers are really terrifying. In Europe, the number of cases has increased by more than 50% in just a week (in America, the figure is about 30%). As a result, the number of new cases in France is already under 200K (almost three times higher than a couple of weeks ago). A similar figure (180K)...
Gas prices in Europe continue to crash. If a week ago quotations exceeded $ 2,000 per thousand cubic meters, then after five consecutive days of decline, quotations dropped to the $ 1100 region. The reasons are an increase in the supply of liquefied gas to Europe from the United States, as well as the expectation of warmer weather. This, of course, is not the end...
The last week of the year started on the most positive note for risky assets. The US stock market has reached new all-time highs and the impression is that it does not want to wait for the start of next year. Once again, we note that this is not the specificity of a single US stock market, but part of the general rally in risky assets, because cryptocurrencies...
The past week has been extremely successful for risky assets. The US stock market, represented by the SP500 index, reached historic highs, bitcoin went above 50K, and oil added 5% +. The reasons for this, on the one hand, were the belief that the omicron leads to a much less serious form of the course of the disease. On the other hand, the overall positive...