Monthly Archives: November 2021
Bill Ackman says the Covid omicron variant could end up being bullish for markets
(CNBC) Investor Bill Ackman said the new omicron variant of the coronavirus could actually give U.S. stocks a boost if symptoms turn out to be less severe. “While it is too early to have definitive data, early reported data suggest that the […]
Dow futures reverse sharply, down more than 300 points on omicron Covid uncertainty
(CNBC) Stock futures tumbled in early Tuesday trading, reversing from a rebound on Wall Street as investors reassessed risks associated with the new omicron Covid variant. Futures on the Dow Jones Industrial Average dived 380 points. S&P 500 futures was […]
A new way to trade Bitcoin
(Opalesque) The recent launch of the Proshares Bitcoin Strategy ETF has attracted a lot of media attention. The ETF aims to track the price of Bitcoin, using Bitcoin futures. But how can you generate trading ideas on this newly launched […]
Fund managers rely on AI to generate alpha during pandemic
(Opalesque) Fund managers are increasingly relying on artificial intelligence to generate alpha, according to a new report from Deloitte. The report is based on responses from 400 senior investment management executives. According to the report, 85% of the respondents that […]
Three ways to play consumer spending in the face of the omicron variant, according to top strategist
(CNBC) It was a mixed weekend for the consumer. First, in travel, the TSA screened more than 14 million travelers from Monday through Sunday, more than double last year’s total but still shy of 2019 levels. The emergence of the […]
Hedge funds sees USD10.2bn in new assets in September
(Hedgeweek) Hedge fund industry assets continued to grow in September with USD10.2 billion in monthly inflows. September’s inflows represented an increase of 0.22 per cent of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division […]
SEC Charges Promoter with Conducting Cryptocurrency Investment Scams
(HedgeCo.Net) The Securities and Exchange Commission has announced that it charged Ryan Ginster of Corona, California with conducting two unregistered and fraudulent securities offerings that raised over $3.6 million in cryptocurrency from retail investors. The SEC’s complaint alleges that, from […]
Hedge Fund Manager Anthony Scaramucci Compares Bitcoin to Amazon in the Year 2000, Predicts Strong Q1 for BTC
(The Daily Hodl) Renowned hedge fund manager Anthony Scaramucci is comparing Bitcoin (BTC) to e-commerce giant Amazon, which was volatile in its early days but eventually became one of the best-performing stocks. The SkyBridge Capital founder says Bitcoin has grown […]
Covid developments to rule the market once again in the week ahead after Friday’s rout
(CNBC) Uncertainty about a new emerging coronavirus strain could continue to spook markets, just as Friday’s employment report and other data in the week ahead show the economy has been getting stronger. Stocks and other risk assets were slammed in […]
Stock futures move higher after Friday’s big sell-off, investors monitor omicron Covid variant
(CNBC) Stock futures moved higher in overnight trading Sunday following Friday’s big sell-off as investors monitor the latest developments related to the Covid omicron variant. Futures on the Dow Jones Industrial Average gained 243 points, or 0.7%. S&P 500 futures […]
Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season
(CNBC) Traffic at retail stores on Black Friday dropped 28.3% compared with 2019 levels, as Americans shifted more of their spending online and kicked off their shopping earlier in the year, according to preliminary data from Sensormatic Solutions. To read […]
Massive inflation will likely push Fed to hike rates six times before 2024, Federated’s Phil Orlando predicts
(CNBC) Federated Hermes’ Phil Orlando expects the Federal Reserve will lift interest rates six times over the next two years to tame massive price increases from vehicles to shelter to food. “Our best guess is that we will see two […]