Charts suggest it’s time to buy the dips in oil, Jim Cramer says
“The charts, as interpreted by Carley Garner, suggest that the oil speculators have been mostly wiped out, so it’s time to buy the dips,” he said.
Asia-Pacific markets rise on cooler inflation print, ahead of Fed rate decision
Asia-Pacific markets traded higher after stocks on Wall Street saw a second day of gains on an inflation print that came in cooler than expected.
S&P 500 snaps 2-day winning streak after Fed raises rates and signals more hikes next year
The Fed delivered a widely anticipated 50 basis point rate hike at the conclusion of its December policy meeting.
Musk’s Twitter reportedly hasn’t paid rent on its office spaces for weeks
Elon Musk has recently taken drastic steps to cut costs and gear up for possible legal battles at Twitter, according to a report from The New York Times.
Tesla shares have fallen 28% since Elon Musk took over Twitter, lagging other carmakers
Musk sold billions of dollars worth of his Tesla holdings to finance the Twitter takeover and has been embroiled in controversy ever since.
Inflation moderates, China Covid rules ease. Have two heads of the dragon been slayed?
The Fed’s fight against inflation this year has been one head of the three-headed dragon keeping markets from making a meaningful move higher.
Howard Marks says we are in the third sea change in his 53-year career on Wall Street
“The market characterized by easy money and upbeat borrowers and asset owners disappeared,” Howard Marks said in a memo.
The Fed has to portray itself as tough on inflation even as it pushes through a smaller rate hike
The Fed is expected to raise interest rates by a smaller half percentage point Wednesday yet signal that its battle with inflation is still far from over.
The ‘pain trade’ is for stocks to rally because investors are so bearish, Bank of America says
Bank of America’s fund manager survey for December shows that professional investors have mostly taken a defensive position in their portfolios.
Harvard-educated deception expert: 4 red flags can show when people like Sam Bankman-Fried are lying
Pamela Meyer, a Harvard-educated deception expert and certified fraud examiner, weighs in on disgraced founders Elizabeth Holmes and Sam Bankman-Fried.
