Elon Musk U-Turns Again, Offers to Buy Twitter
Tuesday marked another episode to the acquisition saga, as Tesla’s CEO offered to buy Twitter at the original price of the April agreement, after previously having backed away from the deal
Tuesday marked another episode to the acquisition saga, as Tesla’s CEO offered to buy Twitter at the original price of the April agreement, after previously having backed away from the deal
During the final week of September and Q3, there were many corporate news as the latest earnings season approaches, including Amazon’s new sale event, Nike’s results and more
Against a stagflationary environment and aggressive monetary tightening by the Fed, which are harmful to Wall Street, we take a look at some companies that will be on our radar over the coming months
Against a stagflationary environment and aggressive monetary tightening by the Fed, which are harmful to Wall Street, we take a look at some companies that will be on our radar over the coming months
The NAS100 is sensitive to interest rate movements due to the time value of money. As such, tomorrow's Fed hike is creating headwinds.
The CPI surprise yesterday led to a 3.9% decline in the US30. This plunge puts the index back in its bear zone between the lower blue and red bands. Moreover, the daily stochastic is rolling over (green rectangle). If it drops below 20 and holds (red arrow), a strong bearish momentum will be underlying.
NAS100 plunged on Tuesday after the inflation report that bolstered expectations for another jumbo rate hike by the Federal Reserve, but manages to find support today
ISM Services came in at its highest level in four months. It printed at 56.9, topping the forecast of 55.4. This beat is a good number, considering the US economy's headwinds - a number over 50 suggests expansion.
US30 remains under pressure at the start of the week.
Current index weakness introduces the possibility of a bear market rally scenario.
US30 shows uncertainty for the week, as Fed officials give mixed signals.
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