The Stock Market Has Turned Nasty. It Was Long Overdue.
New York Times–Feb. 9, 2018
Until this month, the scariest thing about the stock market was its uncanny calm and stability. Like the opening sequences of a classic horror movie, the market last year was relentlessly and unnaturally cheerful. Well, now the ax has fallen and the stock market has begun a “correction” — financial jargon for …
US Stock Futures Climb as Investors Return After Brutal Week
Bloomberg–3 hours ago
Even with last week’s selloff, the market is no worse off than it was three months ago: up 40 percent over two years and almost four times its level at the bottom of the financial crisis. While last week’s sights and sounds shook bulls who before then hadn’t endured a 3 percent drop in the S&P 500 in more than …
Why the global stock market crash doesn’t really matter
The Conversation US–Feb. 6, 2018
… of heart – and many people’s savings and investments were wiped out as a result. But it also means that just because the stock market has large losses today does not means these large losses won’t be quickly reversed in the future. (Perhaps even as you read this article, the market is going up again.) …
Worst Week in 2 Years for Stocks Ends on High Note: Markets Wrap
Bloomberg–Feb. 8, 2018
The S&P 500 tumbled 5.2 percent in the week, its steepest slide since January 2016, jolting equity markets from an unprecedented stretch of calm. At one point, stocks fell 12 percent from the latest highs, before a furious rally Friday left the equity benchmark 1.5 percent higher on the day. Still, the selloff has …
Stocks Bounce Back With S&P Futures; Dollar Falls: Markets Wrap
Bloomberg–3 hours ago
Chinese mainland markets are closed Feb. 15-21. South African President Jacob Zuma’s fate is set to be sealed on Monday when the top leadership of the ruling African National Congress meets to conclude the transition to a new administration. The U.S. consumer-price index, due Wednesday, probably …
Investors Brace for More Market Turbulence After Rocky Week
Wall Street Journal–Feb. 11, 2018
Markets are struggling to find a new equilibrium after plummeting shares and soaring volatility drove billions of dollars out of global stock markets. Sparked by signs of increasing inflation, the Dow Jones Industrial Average last week fell more than 5%, extending a fortnight-long selloff totaling 2,400 points.
Stocks Enter Correction as Rate-Hike Fears Return: Markets Wrap
Bloomberg–Feb. 7, 2018
The VIX’s bond-market cousin reached its highest since April. A measure of currency volatility spiked to levels last seen almost a year ago, with a plunge in the yuan and a rise in the pound adding to turbulence. European equities weren’t spared, with the Euro Stoxx 50 volatility gauge spiking toward the …
‘Shut Up and Let Me Trade’: The Week That Rocked Stock Markets
Bloomberg–Feb. 9, 2018
Thomas Forester has been here before: he shot to fame after his mutual fund turned a profit through the 2008 meltdown. Now, a decade later, he’s buying options—puts— to hedge against the risk that the stock market will tank again today. But even Forester is shocked by what comes next. “This week feels …
Bitcoin Finds a Bottom During Equity Market Turmoil
Bloomberg–Feb. 9, 2018
Bitcoin’s supporters are quick to extol the cryptocurrency’ virtues as an asset that’s uncorrelated to the broader market — independent from any single country, company or central bank — which can serve as a haven in times of market turmoil. And while that turmoil can usually be found in Bitcoin prices and …
Bitcoin Finds a Bottom as Risk Aversion Grips Global Markets
Bloomberg–20 hours ago
Bitcoin’s supporters are quick to extol the cryptocurrency’ virtues as an asset that’s uncorrelated to the broader market — independent from any single country, company or central bank — which can serve as a haven in times of market turmoil. And while that turmoil can usually be found in Bitcoin prices and …
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