Tesla enters the dumping ground – Rental car market
Elon Musk, CEO of Tesla, took another step in defying conventional wisdom by agreeing to provide Hertz with 100,000 Teslas to be delivered by next year. The news was extremely well received by Wall Street and took Tesla’s market cap past $1 trillion and in the process...
Market is looking for direction – Stay invested or say goodbye
With Q3 earnings season kicking into gear, the three major U.S. stock averages stayed near record highs in the past week. But inflation may be damping investor sentiment. Fund managers turned bearish on growth prospects for the first time since the depths of the...
Dealing with the mother of all traffic jams
Supply chain shortages; Inflation worries; Rising oil prices; Fed tapering concerns; Interest rate hike timeline - these are the topics that have been filling the business news cycle all week. Let's break it down: 1. Supply chain shortages - The root of the...
“Wet Paint” – Don’t touch. But, people do it anyways.
Stocks fell Friday after a weak jobs report added to speculation about the Federal Reserve's plan to taper its bond-buying program. September was the slowest month for job growth this year, with just 194,000 jobs added compared to consensus estimates for a...
Covid – Please go away
The stock market bounced back on Friday after the major indexes suffered their worst month of the year in September amid rising fears of inflation, slowing growth and rising rates - the Dow Jones was down 4.3%, the S&P 500 fell 4.8%, and the Nasdaq Composite was...
China does it again – Wipes out billions of dollars in investments
In just one week, China curtailed the property sector and killed the crypto currency market. The week began with Evergrande which indulged in rampant borrowing that triggered the ire of Xi Jinping. Without even waiting for the Evergrande investors to lick their...
Bad news bears are looking for a correction
The calls for a stock market correction are beginning to blow through Wall Street. Deutsche Bank cautioned on the chance for a near-term correction in markets. Bank of America also issued a warning. Like clockwork, the S&P 500 endured another mid-month swoon. But,...
What spooked the market this week?
The S&P 500 had its worst week since June, down 1.7%. The Dow and Nasdaq declined as well, down 2.2% and 1.6%, respectively. Primary reasons for the decline was over inflationary pressures and the Federal Reserve’s plan to pull back on bond purchases later. The...
More reasons to avoid Chinese stocks
Every week brings more bad news for investors in Chinese companies. The latest victim is the video game sector, following a clampdown on ride hailing services, e-commerce platforms and education sectors not too long ago. On Monday this week, China imposed a new rule...