Crypto in 2022: is there any hope of a comeback?

Crypto in 2022: is there any hope of a comeback?

The crypto market is in mayhem this year, consistent with other risk assets, as investors are concerned about soaring inflationsigns of a softening economy and the Federal Reserve’s tightening of its monetary policy. BitcoinBTCUSD, -0.01% is down more than 55% from its all-time high in November and continues to trade in consolidation, while ether ETHUSD, … Read more

Pfizer and Moderna created life-saving vaccines and their stocks soared last year. What now?

Pfizer and Moderna created life-saving vaccines and their stocks soared last year.  What now?

All three stocks surged spectacularly in 2021, thanks largely to their Covid-19 vaccines’ success and strong sales. But 2022 hasn’t been as kind to them. Shares of Pfizer (EFP) are down about 15%, while its Comirnaty vaccine partner BioNTech (BNTX) has fallen 35%. Moderna (MRNA) has fared even worse, plunging more than 40%. What gives? … Read more

Conditions Are Ripe for a Deep Bear Market

Conditions Are Ripe for a Deep Bear Market

With the S&P 500 briefly on Friday down 20% from its January peak, it is very tempting to start trying to call the end of the selloff. The problem is that only one of the conditions for a rally is in place, that everyone’s scared. That worked beautifully for timing the start of the 2020 … Read more

Stocks week ahead: What if the Fed can’t tame inflation?

Stocks week ahead: What if the Fed can’t tame inflation?

Members of the Federal Reserve, the central bank tasked with deflating inflation from 8.3% to its goal of around 2%, are now raising interest rates in an attempt to cool the economy. That’s okay: Medicine doesn’t have to go down easy if it works fast and it works well. Goal inflation rates have been increasing … Read more

Elon Musk called ESG a scam — did the Tesla chief do investors a favor?

Elon Musk called ESG a scam — did the Tesla chief do investors a favor?

Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market theme stirs “all the feels” quite like ESG. This week, a major move to cut Tesla from a closely followed environmental, social and governance (ESG) index brought anger and relief in nearly equal measure. Defiance … Read more

Selloff puts Dow, S&P 500 on cusp of bear market. History says more pain may lie ahead.

Selloff puts Dow, S&P 500 on cusp of bear market.  History says more pain may lie ahead.

History shows that when the S&P 500 enters a bear market, it tends to stay awhile. Back-to-back drops left the large-cap SPX benchmark, -0.58% down 18.7% from its Jan. 3 record finish on Thursday, closing at 3,900.97. A fall of 20% from a recent peak is the traditional definition of a bear market. That would … Read more

Dow falls again and stocks continue their lousy 2022

Dow falls again and stocks continue their lousy 2022

Tea Dow fell nearly 350 points, or 1.1%, in midday trading. The blue chips have now fallen almost 15% this year. Tea S&P500which is perilously close to dropping 20% ​​from the all-time high it set on January 3 and into a bear market, was down 0.8%. The tech-heavy Nasdaq, which is already in bear market … Read more

Target posts a stunning drop in profit. Stock plunges

Target posts a stunning drop in profit.  Stock plunges

The retail giant reported a stunning 52% drop in profit for the first quarter, badly missing Wall Street’s forecasts. The company blamed higher expenses due to continued supply chain disruptions. Consumers also are holding back on nonessential purchases because of rampant inflation. Shares of Target (TGT) plunged 27% in late afternoon trading Wednesday, potentially setting … Read more

Home Depot’s strong quarter shows housing market is still booming

Home Depot’s strong quarter shows housing market is still booming

The home improvement retail giant reported better-than-expected gains in sales and earnings for the first quarter Tuesday and lifted its outlook for the rest of this fiscal year. Shares of Home Depot (HD)one of the 30 stocks in the Dowinitially rose more than 3% before the market opened on the news but was down slightly … Read more