“Tell him I’ve just worked out a completely new strategy. It’s called running away.” Not a lot to cheer in markets this week as politics and Covid dominate the stage. The slide in […]
Blain: Time To Sell Some Tech
Global Markets Rise On Continued “Stimulus Optimism”
“Explanations” for overnight market moves have drifted from the merely comical and veered into the surreal. Case in point, this morning Bloomberg writes that “futures contracts on U.S. equity indexes rose, suggesting gains […]
US Futures Slide After Debate Chaos
US equity futures and most global markets dropped after an acrimonious and chaotic US presidential debate, which CNN’s Dana Bash described as a “shitshow” on air, and which did little to change […]
Nasdaq Futures Tumble, Stocks Slide As SoftBank Unwinds, Dollar Jumps
If SoftBank’s presence in the public markets was enough to send global markets to 9 consecutive all time highs while stretching tech valuations to unprecedented levels, then it is to be expected […]
Global Markets Descend Into Contagious Panic As Italy Implodes
Commenting on today’s sheer market chaos as the US and UK return from holiday, Bloomberg writes that “fixed-income markets have descended into panic amid mounting concern over the risk of Italy leaving the […]
