Anticipate a Stock Market Correction in Early 2024, Cautions Fundstrat
Renowned strategist Tom Lee from Fundstrat remains optimistic about the stock market's prospects in 2024, but he's not ruling out a potential hiccup along the way. Lee has issued a…
Legendary Investor Jim Rogers Foresees Market Bubble Burst and Economic Crisis, Eyes ‘Magnificent 7’ Shorts
Renowned investor Jim Rogers anticipates a major market bubble implosion and an impending economic disaster, with plans to profit by shorting the "Magnificent Seven" stocks — Apple, Alphabet, Amazon, Microsoft,…
PBOC Affirms Commitment to Tackle Deflation, Prioritizes Structural Measures
China's central bank, the People's Bank of China (PBOC), has pledged to intensify its current monetary policy to address deflation concerns and boost consumer prices. In the wake of last…
European Stocks Close Year with Modest Gains Amid Global Market Optimism
European stocks secured marginal gains on the final trading day of the year, contributing to the robust global market performance seen in 2023. The Stoxx Europe 600 index experienced a…
Argentina’s Initial ‘Reconstruction’ Bond Sale for Importers Falls Short
Argentina's Central Bank faced a setback as its inaugural auction to settle importers' debts with foreign suppliers failed to meet expectations. The central bank reported sales of just $68 million,…
Oil Prices Limp Towards 2024 Amid Ongoing OPEC+ Efforts and Global Tensions
As 2023 draws to a close, oil is poised to register its most significant annual decline since 2020, despite efforts by OPEC+ and geopolitical factors such as the Israel-Hamas war.…
Surge in Utilization of Fed Term Funding Tool Reaches Record High in Interest Rate Arbitrage Strategy
In a noteworthy trend, banks have recorded an unprecedented level of borrowing from the Federal Reserve's newest backstop facility, driven by growing speculation of imminent interest-rate cuts, which have enhanced…
Foreign Investment Hits Record Lows in Chinese Stocks Amid Economic Struggles
China is experiencing an unprecedented decline in foreign investment in its stock market, marking the smallest annual purchases by overseas investors on record. Discouraged by a fragile economic recovery and…
Fundstrat’s Tom Lee, the Most Accurate Forecaster in 2023, Shares Optimistic Outlook for 2024 Stock Market
Fundstrat's Tom Lee gained attention a year ago with his bold prediction that the S&P 500 would experience a more than 20% surge in 2023, reaching 4,750 by year-end. At…
Cathie Wood Shifts Bitcoin Strategy, Exits Grayscale for Bitcoin Futures ETF
Cathie Wood, renowned fund manager and founder of ARK Investment Management has made a significant move in her Bitcoin-related holdings, opting to divest the ARK Next Generation Internet ETF from…
