Dollar Climbs Back To ¥160 After Yen Rips 600 Pips. BOJ Still Not Touching Rates.
Something strange happened in the yen Thursday, and Friday the Bank of Japan gave its answer without really giving an answer at all. Dollar yen swung 600 pips in one…
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Something strange happened in the yen Thursday, and Friday the Bank of Japan gave its answer without really giving an answer at all. Dollar yen swung 600 pips in one…
Good earnings are not always enough. Apple just proved that again. Numbers came in strong across the board Thursday. Stock still got hammered more than 8% right after the call.…
Few days ago chip stocks were getting destroyed across two continents. Thursday changed everything. Microsoft reported. Azure beat. Confidence came flooding back. Chip names that were down 15% last week…
Record revenue. Missed earnings estimates. Raised spending again. Added one-off charges. Zuckerberg said trust the plan. Market said no thanks. More than $100 billion in market cap was set to…
Market was in a bad mood after Fed day. Then Microsoft reported. Changed everything. Beat earnings. Beat revenue. Raised growth forecast. Kept capex guidance unchanged. Exactly what investors needed to…
Fed did what everyone expected. Rates unchanged. Market sold off anyway. Three officials wanted a hike. Warsh sounded tough on inflation. Stocks had a rough afternoon. Then Microsoft reported and…
Nvidia held the top spot for just over a year. Monday Apple took it back with a 1% gain while Nvidia dropped 5%. Different approach to AI is the main…
Not isolated to one company or one country. Tuesday was a coordinated dump of semiconductor stocks across Asia. South Korea, Japan, memory chips, equipment makers, all of it. Investors stepping…
South Korea woke up in full selloff mode Tuesday. Kospi down 10%. Samsung and SK Hynix leading the damage. US futures followed lower. Same story that has been playing out…
Inflation in Japan is rising. Normally that helps a currency. Not here. Yen kept falling Friday and hit another 40 year high against the dollar because the market does not…