What the Dow’s stellar October and Big Tech’s ugly rout say about the stock market right now

What the Dow’s stellar October and Big Tech’s ugly rout say about the stock market right now

The past week offered a tale of two markets, with gains for the Dow Jones Industrial Average putting the blue-chip gauge on track for its best October on record while Big Tech heavyweights suffered a shellacking that had market veterans recalling the dot-com bust in the early 2000s. “You have a tug of war,” said … Read more

Stocks are having a stellar October. Why the bear-market rally may have more room to run.

Stocks are having a stellar October.  Why the bear-market rally may have more room to run.

An earlier version of this story misstated the date of the US midterm elections. They will be held Nov. 8, not Nov. 9. Despite a raft of risky events that investors must face down over the coming weeks, some on Wall Street believe that the latest bear-market rally in stocks has more room to run. … Read more

Wall Street drives explosive volatility in stock market by ‘YOLO-ing’ into options on brink of expiration

Wall Street drives explosive volatility in stock market by ‘YOLO-ing’ into options on brink of expiration

Reddit-loving day traders are reportedly returning to their day jobs, according to the Wall Street Journal, but back in the world of high finance professional traders have adopted one of their signature trading strategies, according to one closely followed markets guru. An explosion of trading volume in options with one, or even zero, days left … Read more

Tokyo Scientists Announce Breakthrough In CO2 Conversion Tech

Tokyo Scientists Announce Breakthrough In CO2 Conversion Tech

Tokyo Institute of Technology scientists developed a polymer-based photocatalyst for CO2 reduction that exhibits unprecedented performance. Made from abundant elements and requiring no complex post-synthesis treatment or modifications, it could pave the way for a new class of photocatalysts for efficiently converting CO2 into useful chemicals. The idea is to convert CO2 into useful chemicals, … Read more

Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” —Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime market … Read more

Growling Powell causes Goldman to cut its S&P 500 price target. Again.

Growling Powell causes Goldman to cut its S&P 500 price target.  Again.

During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would keep going higher. “Money Printer Go Brrr” featured a Rambo-esque Jay Powell, chair of the Federal Reserve, determinedly firing out greenbacks to whoever … Read more

New York Empire State factory gauge plunges in August deep into contraction territory

New York Empire State factory gauge plunges in August deep into contraction territory

The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, plummeted 42.4 points to negative 31.3 in August, the regional Fed bank said Monday. This is the second largest monthly decline on record and among the lowest levels in the survey’s history, the regional Fed bank … Read more