Fed Finally Vanquishes Stocks From Asset Allocation Throne
(Bloomberg) — For years, asset allocators had it easy: Buy the biggest American tech companies and watch the returns rack up. Most Read from Bloomberg Those days are gone, buried…
77 Percent of Voters Fed Up With ‘Anti-Justice’ Democrat Candidates and Won’t Vote
Americans are sick and tired of rising crime in Democrat-run cities. According to a new poll conducted by The Trafalgar Group, Democrats will feel the rejection of their failed polices…
Musk says Siegel ‘obviously correct’ with Fed critique, recession expectation
Wharton professor Jeremy Siegel is heaping criticism on Federal Reserve Chair Jerome Powell and expects a recession. Elon Musk is backing him up. On Friday, Siegel went on an animated…
GBP/USD sinks below the 1.1000 figure, registering fresh 37-year lows
GBP/USD tanks more than 2%, weighed by worse-than-expected UK economic data. The US Federal Reserve’s aggressive monetary policy is a headwind for the GBP/USD. US business activity contracted but gave…
Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in
““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so…
EUR/USD plummets to two-decade lows, at around 0.9700 on risk aversion
The EUR/USD hit a fresh 20-year low at 0.9700 during the North American session. Fed’s aggressive tightening cycle and UK’s plan to bolster the economy spurred a risk-off impulse. EUR/USD…
If you’re selling stocks because the Fed is hiking interest rates, you may be
Forget everything you think you know about the relationship between interest rates and the stock market. Take the notion that higher interest rates are bad for the stock market, which…
AUD/USD descends to its lowest level since May 2020 amid blowout USD rally to 20-year
AUD/USD drops to its lowest level since May 2020 amid broad-based USD strength. Bets for more aggressive Fed rate hikes, elevated US bond yields underpin the buck. The risk-off mood…
USD/JPY consolidates above 142.00 mark following the overnight volatile swing
USD/JPY struggles to gain any traction on Friday and remains confined in a range. Government intervention in the FX market underpins the JPY and caps the upside. Rising US bond…
WTI sees a downside to near $80.00 as global growth forecasts trim
Oil prices are expected to decline further as western central banks have hiked interest rates further. US gasoline demand has trimmed significantly as US corporate has curtailed investments. OPEC+ has…