The pan-European Stoxx 600 plummeted by another 2% early in the session, with travel and leisure stocks dropping 3.5% to lead losses as all sectors and major bourses traded in negative territory. The spread of the coronavirus continues to rattle global markets; overnight, Australia led the losses among major Asia Pacific markets as investors withdrew amid concerns over the […]
The Dow dropped nearly 900 points as coronavirus fears spiked. Here’s what five market experts are watching now. Buy the dip on stocks John Rutledge, chief investment officer at Safanad, said it makes sense to go shopping for discounts. “Whenever we see terrible news like this we think the entire world’s going to end and our world […]
There’s something different about the threat COVID-19 poses to the global economy. And that’s what has investors worried. “Because of its genesis in China, coronavirus is both a demand and a supply shock to the global economy,” said Brian Nick, chief investment strategist at Nuveen, in a Tuesday note. “Outside of China, however, evidence based […]
The fear trade took over to begin the week. Investors rushed to safe haven bonds, pushing yields lower, and eschewed stocks as worries over the coronavirus outbreak spiked. The 10-year Treasury note is seeing such a bid that the yield, which moves inversely to price, neared a record low But, even with this recent turn […]
The past week has been volatile for Bitcoin, and yesterday was no exception. In the evening, BTC bulls were able to push the cryptocurrency up to highs of $10,000 before it faced a swift rejection that has led it to grind lower today. The crypto’s inability to gain any stability within the five-figure price region […]
Wall Street is waking up to the threat of the coronavirus. The stock market took a dip Monday morning in the face of increasing fears about the coronavirus’s potential impact on the global economy. The Dow Jones Industrial Average, S&P 500, and Nasdaq all ended the day down by more than 3 percent. The Dow tumbled […]
The Securities and Exchange Commission temporarily suspends trading of Eastgate Biotech (OTCPK:ETBI) securities due to concerns about “the adequacy and reliability of publicly available information concerning ETBI since at least Jan. 30, 2020 about, among other things, the company’s purported international marketing rights to an approved coronavirus treatment to potentially combat the Wuhan coronavirus.” Trading […]
Dow Jones futures rose sharply late Monday, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered heavy losses Monday as coronavirus cases spread rapidly outside of China. Mastercard stock and Moderna stock moved overnight on coronavirus news, while Tandem Diabetes (TNDM) reported earnings. Apple stock, AMD stock, Tesla stock, Nvidia stock, […]
Investor Paul Meeks is bracing for a bear market in technology. Meeks, who’s known for running the world’s largest tech fund during the dot-com boom, sees 20% pullback risks growing as the coronavirus outbreak spreads. “There is some comeuppance due, and unfortunately I think the coronavirus is that exogenous variable that is a catalyst to […]
A raft of new coronavirus cases in numerous countries outside China over the weekend has redoubled concern about the ability of the illness to spread, and potential economic impact. South Korea’s Kospi dropped as much as 3.8% after the country’s count of cases rose quickly to 763, and the government raised its infectious-disease alert to […]
Bank of America Securities recently released a set of 19 ‘bear indicators’—signs that a bear market is coming. A bear market is defined by a loss of value greater than 20%. Some believe you can predict Bitcoin’s price using similar analysis. Of the 19 indicators, more than 60% have been triggered, indicating that the market […]
When is the best time to plan for a stock sell-off? When the indices are hitting new highs, of course. Rarely do investors consider defensive moves in their 401(k)s when stocks are rallying, but that is precisely when you should begin thinking about diversifying your investments. When stocks get squirrely, I recall a comment from […]
