Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and commodity prices surging, Reuters reports that investors are “recalibrating their portfolios for an expected period of high inflation and weaker growth.” While Wall Street Fears […]
US stocks traded mixed after a surprisingly strong employment report made some investors nervous the Fed will be forced to be much more aggressive with fighting inflation. The Nasdaq was boosted after yesterday’s flawless Amazon earnings report. Amazon delivered strong eps and AWS revenue beats, reported a $12 billion gain from their bet on Rivian, […]
Bitcoin is dealing with the aftermath of the FOMC meeting which maintained the Fed’s stance that rate hikes and tapering are likely at some point during 2022. BTC rallied substantially leading up to the meeting before losing most of its gains after it was confirmed that relentless money printing may end or at least slow […]