Market Recaps

In today’s Recap, Marcello talks about the fall of Bitcoin (and other cryptos) prices during the week; Tesla is crushing its delivery expectations; Food prices keep rising due to increasing input prices, covid related worker shortages and transportation costs. Bitcoin plunged -7.3% thursday overnight to $42,686.00 with losses exceeding -9% at one point. The price was slightly higher Thursday evening at $42,750.20. Ethereum, cardano, binance coin, solana & other cryptocurrencies were also deeply in the red, after minutes revealed that the U.S. […]

In this recap, US markets ended the year higher, in the last trading week of 2021, finishing a year of repeated records for the major indexes, helped by low-interest rates & the rollout of Covid-19 vaccines. Dow +18.73% in 2021; S&P 500 +26.89% in 2021; NASDAQ +21.39% in 2021. Global markets ended the week and the year was mostly higher too. The omicron variant still causes fears. China’s National Bureau of Statistics reported that the country’s industrial profits in November rose +9% […]

In this week’s recap, US markets ended higher as strong economic data was released, helping ease investors’ concerns about the risks posed by Covid-19 & inflation. Consumer confidence jumped more than expected in December. Global stocks lost $1.8T in market capitalization last week, but world stocks are still worth $118T, which is 140% of global GDP. U.S. Senator Joe Manchin, a more conservative Democrat who is key to President Biden’s hopes of passing an additional $1.75T domestic bill, due to the 50 […]

In this week’s recap, global markets are mostly lower for the week, with a sharp fall in shares of tech companies, pushing major indexes lower, continuing a turbulent stretch for some of the biggest firms in the market. Asian markets were mixed. The European Central Bank further cut its bond purchases Thursday but vowed to continue its unprecedented monetary policy support for the Euro-zone economy into 2022. It left the benchmark refinancing rate unchanged at 0%, while the rate on its marginal […]

In this week’s recap, global markets rebound after 4 weeks in hopes that inflation data means the peak has been reached and that the omicron variant is less dangerous than expected. IMF and 10 countries simulate cyberattacks on global financial system. 330 SPAR stores shut down, switch to cash after the cyberattack. U.S. Labor Department on Friday: U.S. consumer prices surged +6.8% in the year leading into November & +0.8% last month alone, the highest rate since 1982, as the economy overwhelmed […]

In this week’s recap, U.S. stocks were lower again this week with an ominous note, after a broad technology-sector selloff, sending the major U.S. stock indexes sharply lower & Treasury yields logging declines, not seen since some of the worst days of the pandemic last year. European shares fell on Friday, heading lower after a downturn in U.S. stocks on a tech slide & fears around the Omicron coronavirus variant hitting economic recovery. Chinese tech stocks in Hong Kong plunged after ride-hailing […]

In this week’s recap, US, European and worldwide overall stocks plummeted, amid investor fears over a new highly mutated variant of Covid-19 found in South Africa shaking up trader sentiment. The investor “fear index” surges by +40%, the most in 10 months. Outgoing German Chancellor Angela Merkel proposed new measures to tackle a 4th wave of the coronavirus pandemic, with a massive number of new Covid cases on Thursday, (up from 66,884 Wednesday). The death toll has now reached over 100K, with […]