Pound Slips Toward $1.34 After UK Inflation.
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UK inflation data dropped Wednesday morning and it was softer than expected. Pound moved lower on the news. Bank of England decision tomorrow is now looking pretty straightforward. Inflation Came…
S&P 500 Futures Up Slightly Wednesday.
First Fed meeting under Kevin Warsh. Rates almost certainly not moving. But what he says and how he says it is what markets are actually waiting for. S&P 500 Futures…
SpaceX Stock Up Another 20% Monday. Musk’s Wealth Hits $1.3 Trillion. No Signs of Stopping.
Friday was 20% up. Monday was another 20% up. SpaceX has now been public for barely two trading days and the numbers are already hard to put into normal context.…
Dollar Holds Above 160 Yen After Bank of Japan Raises Rates to Highest Level Since 1995.
Bank of Japan made a big move Tuesday. Rates went to 1% for the first time in 31 years. Yen barely moved. Dollar stayed right where it was. Here is…
Dow Jones Closes at Fresh Record.
Monday was a good day for just about everything. Dow Jones hit a new record. S&P 500 and Nasdaq both jumped hard. SpaceX kept going. Tuesday morning is calmer but…
Bitcoin Hits $66,000 Monday. Peace Deal News Sends Crypto Higher. $68,000 Next?
War ending news hit Monday and Bitcoin moved. Crossed $66,000 for the first time in nearly two weeks. Risk appetite came back fast and crypto was right in the middle…
Gold Jumps Above $4,300 After US-Iran Peace Deal Announced.
Peace deal news hit Monday morning and gold went straight up. More than 2% in a hurry. Lot of moving parts behind that number worth understanding. Gold Moved Fast and…
S&P 500 Futures Jump Hard Monday. US-Iran Deal Announced.
Futures Jumped Right Out of the Gate For S&P 500 in monday morning kicked off with a bang. S&P 500 futures up 1.2%. Dow futures added 440 points which is…
Pound Moves Above $1.34 After UK Economy Slows in April. Bank of England Has a Problem.
Small move in the pound Thursday. But the reason behind it is worth paying attention to. UK economy shrank in April and that changes how people are thinking about what…
SpaceX IPO Is Here. $75 Billion Raised. Trading Starts Today.
Biggest IPO Wall Street has ever seen is not coming anymore. It is here. Shares are priced. Money is raised. Question now is what actually happens when the stock starts…