Here’s what history says about stock market performance in December

Here’s what history says about stock market performance in December

US stocks are wrapping up a good November that saw equities to bounce off their 2022 lows set in October, with optimism building that the momentum will cement a year-end rally. Indeed, there’s been a lot of talk about seasonal tailwinds and how they might — or might not — work to the advantage of … Read more

The Diesel Crisis Is Going Global

The Diesel Crisis Is Going Global

A perfect storm in global diesel markets is unfolding. Refining capacities are tight, and stockpiles are being depleted as the Northern Hemisphere cold season begins. Supply crunches could jeopardize critical transportation networks since the industrial fuel powers ships, trucks, and trains. The fuel is also used for heating homes and businesses, as well as a … Read more

‘We let FTX get too big before we started questioning.’ Binance CEO Changpeng Zhao regrets not tweeting about FTX sooner

‘We let FTX get too big before we started questioning.’  Binance CEO Changpeng Zhao regrets not tweeting about FTX sooner

“I actually reflect on the FTX situation and I kind of blame myself for tweeting that too late. As an industry, we let FTX get too big before we started questioning some of those things.“ That was Binance founder Changpeng Zhao speaking to Bloomberg TV on Thursday about the latest developments surrounding failed crypto exchange … Read more

Is the stock market open on Black Friday? Thanksgiving week trading hours for major assets.

Is the stock market open on Black Friday?  Thanksgiving week trading hours for major assets.

It’s going to be a short week on Wall Street. US stock exchanges will be closed for Thanksgiving Day on Thursday, Nov. 24, and will reopen the next day only for an abbreviated session on Black Friday, with trading ending at 1 pm Eastern on Nov. 25. The roughly $53 billion US bond market follows … Read more

Energy stocks are in a bubble — and here’s when they’re likely to crash

Energy stocks are in a bubble — and here’s when they’re likely to crash

Oil and gas stocks are likely in a market bubble that’s vulnerable to popping. That’s the conclusion when applying a formula from recent academic research into the predictability of stock market bubbles and subsequent crashes. The research, which appeared in the Journal of Financial Economics, was conducted by Robin Greenwood and Andrei Shleifer of Harvard … Read more

They pulled money out of FTX at last minute: ‘Thank God I dodged it twice’

They pulled money out of FTX at last minute: ‘Thank God I dodged it twice’

As the FTX debacle started to unravel last week, a 26-year-old customer of FTX.US who lived in the New York City area faced a thorny dilemma. While he was concerned about the situation that was unfolding, he was hesitant to withdraw his $20,000 worth of holdings from the cryptocurrency platform because he knew it would … Read more

Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher

Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher

Berkshire Hathaway Inc. added positions in materials manufacturer Louisiana-Pacific Corp., investment bank Jefferies Financial Group and chip manufacturer Taiwan Semiconductor Manufacturing Co. Ltd. during the third quarter, according to a filing released after Monday’s closing bell. The company’s latest 13-F filing revealed a new position in Louisiana-Pacific LPX, -1.80% amounting to nearly 5.8 million shares, … Read more

Fed warns of ‘low’ market liquidity in $24 trillion Treasury market, in latest financial stability report

Fed warns of ‘low’ market liquidity in  trillion Treasury market, in latest financial stability report

The Federal Reserve on Friday confirmed what many investors were saying for some time: the $24 trillion Treasury market has been experiencing low levels of market liquidity in recent months. The central bank has been rapidly increasing interest rates since March as part of a fight to bring inflation down from a 40-year high. The … Read more

What’s next for markets after Fed’s 4th straight jumbo rate hike

What’s next for markets after Fed’s 4th straight jumbo rate hike

What’s next for markets now that the Federal Reserve has delivered its fourth and possibly final jumbo rate increase of 75 basis points? Well, a lot, actually. A sometimes tumultuous third-quarter earnings season isn’t over yet. A packed economic-data calendar in the coming weeks includes key readings on inflation and the labor market. On top … Read more

Will the stock market be higher in 12 months? Here are the odds.

Will the stock market be higher in 12 months?  Here are the odds.

Odds are good the stock market will be higher in 12 months’ time. The probabilities are two out of three, in fact. These odds are not based on any privileged insight into whether the economy will experience a soft landing, the future course of the Federal Reserve’s interest rate policy, or anything else for that … Read more