Monthly Archives: May 2022
Stocks Could See More Tumult This Week, Especially If Bond Yields Continue To Scream Higher
(CNBC) After last week’s extraordinary turbulence, stocks are likely to remain volatile as investors await fresh data on inflation and watch the course of bond yields. The big report for markets is Wednesday’s April consumer price index. Economists expect a […]
Tech trading in turbulent times
(Hedgeweek) Hedge funds trading technology companies endured a bumpy start to 2022, with bets on a slew of blue-chip stocks souring as investors took flight amid fears of rising inflation and interest rates coupled with concerns over US economic growth. […]
SEC Charges New Jersey-Based Securities Fraud Recidivist with Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission has charged New Jersey resident and unregistered investment adviser, Mark Marchi, with defrauding investors in his fund Precipio Capital, LLC. According to the SEC’s complaint, between February 2016 and September 2020, Marchi solicited over […]
Stock futures are little changed after Dow’s worst day since 2020
(CNBC) Stock futures were little changed in overnight trading Thursday after the Dow Jones Industrial Average posted its worst day since 2020. Futures on the Dow Jones Industrial Average were near flat. S&P 500 futures traded near the flatline and […]
Elon Musk expected to serve as temporary Twitter CEO after deal closes
(CNBC) Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, sources told CNBC’s David Faber. An SEC filing on Thursday revealed […]
Tech sell-off pushes Nasdaq to steepest drop since June 2020
(CNBC) Cloud companies, e-retailers and household tech names got hammered on Thursday, wiping out hundreds of billions of dollars in market value and pushing the Nasdaq Composite to its worst one-day plunge since June 2020. A day after the Federal […]
The selloff is overdone
(Opalesque) Authored by Heeten Doshi, founder of Doshi Capital Management: Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq […]
Quant hedge funds increasingly popular with investors
(Hedgeweek) Research from SigTech’s 2021 annual Hedge Fund Research Report saw 80 per cent of hedge fund managers expecting institutional investors to increase their allocation to quant strategies over the following year, and 86 per cent expecting quant hedge fund […]
Bitcoin jumps to $40,000 after Fed chair Powell rules out bigger rate hikes
(CNBC) The price of bitcoin climbed about 6% Wednesday after the Federal Reserve raised rates by half a point —the biggest hike in about 20 years — as expected. Bitcoin began climbing ahead of the end of the Federal Open […]
Facebook plans to reduce hiring as revenue growth slows and inflation concerns increase
(CNBC) Facebook parent Meta is slowing the pace of hiring as it reckons with its weakest revenue growth on record and ongoing business challenges, such as Apple’s privacy changes and the war in Ukraine. “We regularly re-evaluate our talent pipeline […]
Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
(CNBC) The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point, the most aggressive step yet in its fight against a 40-year high in inflation. “Inflation is much too high and we understand the hardship […]
Stock futures fall slightly after Fed induced relief rally
(CNBC) Stock futures fell slightly after the Federal Reserve raised rates by half a point and the major averages rallied to end the day. Futures tied to the Dow Jones Industrial Average lost 46 points, or 0.1%. S&P 500 futures […]
