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Not intervention. Not a Bank of Japan rate hike. A comment about pension funds investing more in domestic assets. That was enough to move the yen 100 pips in a…
Few things went right at the same time Thursday. Iran fears cooled a little. Oil pulled back. Chip stocks found buyers. And for once it was not just the same…
Split session for memory stocks like Micron stock on Wednesday. US names found buyers. Korean names did not. Oil moving higher from Iran situation kept the overall mood cautious even…
Levi Earnings Beat Expectations but Stock Fell Levi earned 28 cents per share on $1.56 billion in revenue for the quarter ending May 31. Analysts were expecting 24 cents and…
Wednesday was rough. Dow dropped 580 points. Iran situation escalated again. Trump said the US would probably strike Iran again. Futures overnight managed to stabilize but nobody is relaxed heading…
Currency markets are quiet Wednesday morning. Everyone waiting for the same thing. Fed minutes from Kevin Warsh’s first meeting as chair. Question is whether those minutes actually tell us anything…
Joining the Nasdaq 100 was supposed to bring billions in automatic buying. It did. Just was not enough. Sellers were bigger than the passive inflows and SpaceX closed back below…
Monday’s chip recovery lasted exactly one day. Tuesday brought another selloff in semiconductors, fresh geopolitical trouble, and oil moving higher again. Not a great combination heading into Fed minutes Wednesday.…
Samsung reported a massive profit jump. Stock fell 10% anyway. That tells you everything about where the AI trade is right now. Expectations had simply gotten too high for even…
MicroStrategy Bitcoin built its entire identity around never selling Bitcoin. Then it sold Bitcoin. At a loss. That is the story Monday and it needs some unpacking. MicroStrategy Bitcoin Sale…
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