Equities have had very positive returns over the past two months. Much of this move has been led by large-cap stocks, reflected below by the near 20% positive return off the market lows for the Nasdaq 100 Index (NDX) from mid-June to mid-August.
Archiv für den Monat: August 2022
Activist investor Ryan Cohen completes planned sale of Bed Bath & Beyond stake, stock falls 40%
Cohen said in a filing earlier this week that he intended to sell his holdings of the meme stock.
This $3.8 billion hedge fund is shaking up the industry with its pay-for-performance model
Peter Kraus, founder of Aperture Investors, explained why he deviated from the traditional active management model.
Stocks making the biggest moves premarket: Deere, Foot Locker, Bed Bath & Beyond and more
These are the stocks posting the largest moves before the bell.
Stocks making the biggest moves midday: Cisco, BJ’s Wholesale, Bed Bath & Beyond, Kohl’s and more
These are the stocks posting the largest moves midday.
This $3.8 billion hedge fund is shaking up the industry with its pay-for-performance model
Peter Kraus, founder of Aperture Investors, explained why he deviated from the traditional active management model.
Hedge funds are sitting on a record level of bearish bets on the stock market
Net short positions against the S&P 500 futures by hedge funds have reached a record high this week.
Stocks making the biggest moves premarket: Kohl’s, BJ’s Wholesale, Estee Lauder and more
These are the stocks posting the largest moves before the bell.
ForexLive European FX news wrap: Dollar runs hot into the final stretch of the week
<p>Headlines:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/things-are-all-lining-up-for-the-dollar-towards-the-end-of-the-week-20220819/“>Things are all lining up for the dollar towards the end of the week</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/the-bond-market-starts-to-make-a-move-20220819/“>The bond market starts to make a move</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/stocks-bleed-lower-in-european-morning-trade-20220819/“>Stocks bleed lower in European morning trade</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/germany-july-ppi-53-vs-06-mm-expected-20220819/“>Germany July PPI +5.3% vs +0.6% m/m expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/uk-july-retail-sales-03-vs-02-mm-expected-20220819/“>UK July retail sales +0.3% vs -0.2% m/m expected</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/eurozone-june-current-account-balance-42-billion-vs-45-billion-prior-20220819/“>Eurozone June current account balance €4.2 billion vs -€4.5 billion prior</a></li></ul><p style=““ class=“text-align-justify“>Markets:</p><ul><li>USD and CHF lead, NZD lags on the day</li><li>European equities lower; S&P 500 futures down 0.9%</li><li>US 10-year yields up 6.3 bps to 2.943%</li><li>Gold down 0.4% to $1,752.08</li><li>WTI crude down 2.2% to $88.50</li><li>Bitcoin down 8.4% to $21,445</li></ul><p style=““ class=“text-align-justify“>The dollar refused to wait around in trading yesterday and with its push higher, it is triggering a broader reaction in markets today. The tail is wagging the dog as the dollar jump also sees Treasury yields push higher, vindicating the advance in USD/JPY firmly above 135.00 yesterday. The pair has extended gains to today and is now trading above 137.00 as things fall into place for the greenback.</p><p style=““ class=“text-align-justify“>10-year Treasury yields are finally ticking above its 100-day moving average after having furiously been kept below that for several weeks now. The mood is helped as inflation worries return after having seen a record jump in German producer prices earlier in the day.</p><p style=““ class=“text-align-justify“>Meanwhile, equities are looking fragile as European indices slumped while US futures extended its early decline into a heavier drop at the moment ahead of North America trading.</p><p style=““ class=“text-align-justify“>With China also seeking to weaken the yuan, the dollar is in a good spot against the major currencies bloc. EUR/USD extended its fall from 1.0070 to 1.0050 while GBP/USD slumped heavily from 1.1910 to 1.1820 on the session. As risk trades falter, USD/CAD pulled higher from 1.2960 to 1.3000 and AUD/USD fell from 0.6915 to 0.6880 with the dollar staying firm across the board.</p><p style=““ class=“text-align-justify“>The technicals are also favouring the greenback at the moment and barring a shift in broader markets, the dollar looks poised to head into the weekend as king of the hill.</p>
This article was written by Justin Low at www.forexlive.com.
Things are all lining up for the dollar towards the end of the week
<p style=““ class=“text-align-justify“>It is all lining up for the dollar right now as the currency pushes to fresh highs on the day and is seeking to extend gains further ahead of the weekend. Let’s recap how markets are playing out today to see why:</p><ul><li style=““ class=“text-align-justify“><a target=“_blank“ href=“https://www.forexlive.com/news/the-bond-market-starts-to-make-a-move-20220819/“ target=“_blank“>The bond market is finally waking up</a>, 10-year Treasury yields above its 100-day moving average</li><li style=““ class=“text-align-justify“><a target=“_blank“ href=“https://www.forexlive.com/news/stocks-bleed-lower-in-european-morning-trade-20220819/“ target=“_blank“>Stocks are sliding</a>, risk trades losing ground i.e. risk aversion taking hold</li><li style=““ class=“text-align-justify“>Dollar technicals look favourable (vs <a target=“_blank“ href=“https://www.forexlive.com/news/usdjpy-extends-gains-as-the-tail-is-wagging-the-dog-20220819/“ target=“_blank“>JPY</a>, <a target=“_blank“ href=“https://www.forexlive.com/news/eurusd-narrow-range-on-the-day-but-technical-bias-points-lower-20220819/“ target=“_blank“>EUR</a>, <a target=“_blank“ href=“https://www.forexlive.com/news/gbpusd-poised-for-a-retest-of-the-years-lows-20220819/“ target=“_blank“>GBP</a>)</li><li style=““ class=“text-align-justify“><a target=“_blank“ href=“https://www.forexlive.com/news/a-key-trigger-for-the-next-leg-higher-in-the-dollar-20220819/“ target=“_blank“>China sought to weaken the yuan</a>, providing an added tailwind for the next leg higher</li></ul><p style=““ class=“text-align-justify“>It’s tough to fight the momentum when everything is moving in the direction that is supporting the greenback. As risk trades lose further ground on the session, we’re now even seeing AUD/USD fall by nearly 0.5% to below 0.6900:</p><p style=““ class=“text-align-justify“>Notably, price is sliding past the 50.0 Fib retracement level at 0.6909 and looks poised to move towards the 5 August low at 0.6869 next.</p>
This article was written by Justin Low at www.forexlive.com.