Aug 5, 2024 | Markets
The tech funds have suffered big losses in recent weeks Investors fret over worsening economic data, earnings releases Traders plowed billions of dollars into betting on a big rebound in tech stocks last month. Now their leveraged-up ETF positions are getting thrashed...
Aug 5, 2024 | Markets
Swaps imply at least five quarter-point cuts by Fed this year Dovish repricing follows weaker-than-expected US jobs data Global bonds rallied as traders bet the Federal Reserve and fellow central banks will turn more aggressive in cutting interest rates amid mounting...
Aug 5, 2024 | Markets
Rotation out of technology sector may be ‘mostly done’: JPM Bounce depends on data including manufacturing, inflation As the selloff in global stocks intensified Monday, JPMorgan Chase & Co.’s trading desk said the rotation out of the technology sector might be...
Aug 5, 2024 | Markets
Funding currencies the yen and yuan surge on short-covering Mexican peso retreats as pressure returns on EM currencies An unwinding of global carry trades is helping to jolt markets around the world. The yen and yuan pushed higher Monday, while the Mexican peso...
Aug 5, 2024 | Markets
Pressure to liquidate gold positions to cover margin calls The yellow metal was down by as much as 3.2% earlier on Monday Gold plunged on Monday as traders assessed the implications of a major global stock rout. Spot bullion fell as much as 3.2%, the biggest single...
Aug 5, 2024 | Markets
For much of the past 19 months, professional and everyday investors have enjoyed a hair-raising bull market rally. Since the start of 2023, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and...
