Markets rebounded in choppy trading on thin volume during the holiday-shortened week, although the pain below the surface is brutal. Over the past few weeks, most stocks fell into a 10% correction, clean energy green stocks and newly minted shares sank into a bear-market decline of 20%, and the group of profitless technology firms plunged…
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Markets slumped with heightened volatility in a wild week led by a tumble in tech stocks, with a rally on Wednesday reversing on Thursday, following a hawkish Powell pivot announcement on Wednesday to turn off the tap by doubling the taper pace at which it’s scaling back purchases of Treasuries and mortgage-backed securities to US$30…
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Led by big tech, global markets rebounded after losing US$3.7 trillion in the week after omicron emerges (and world stocks had lost US$5 trillion since mid-November), though market volatility remain elevated, after Pfizer-BioNTech said initial lab studies show a third dose of their vaccine neutralizes omicron. Market sentiment has also recovered with other pieces of preliminary data…
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Markets swing wildly during the week, with MSCI ACWI All World index -1%, S&P 500 -1.2%, NASDAQ -2.6%, Russell -3.9%, Hang Seng Tech -3.8% and MSCI China -4.6%, as the mental doom loop of anxiety builds up over the omicron variant after Moderna’s CEO foresees “material drop” in current vaccine jabs’ and treatment effectiveness against…
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