It’s not often you see a $1.75 trillion market cap stock drop nearly 20% in just two sessions, but that’s exactly what went down with Amazon.com Inc NASDAQ: AMZN this week. It was the biggest selloff in a long time, and what made it all the more complicated for investors was that there were several…
ANZ provides insights into the outlook for the USD and GBP in the upcoming week, focusing on the impact of recent macroeconomic data and positioning trends. Key Points: USD Outlook: Macroeconomic Stability: Despite market reactions suggesting otherwise, ANZ believes the US macroeconomic backdrop is not as dire. The labor market is easing but trending towards…
The recent acute market reaction occurred due to increased recession fears Surprise indices point to a more balanced US economic situation Recessions tend to be caused by one-off major events The recent market drop has been attributed to higher chances of a US recession It has been a very volatile period in markets. The recent…
From BofA: Next week, we will launch our 3Q GDP tracker with the July retail sales print. [August 9th update]emphasis added From Goldman: We left our Q3 GDP tracking estimate unchanged at 2.6% (quarter-over-quarter annualized) and our Q3 domestic final sales forecast unchanged at +2.0%. [August 6th estimate] And from the Altanta Fed: GDPNow The…
From our previous study, we know that calendar time spreads have positive vega. Vega is one of the options Greeks use to inform us of how the trade will profit if implied volatility changes. Contents When a trade has positive vega — we call this a long vega trade — it means that it should…
Aug. 9, 2024 Police are investigating an ATM theft in Knoxville, Tennessee where suspects used a truck to break into a West Knoxville Bank ATM that was not attached to the building. Suspects stole ATM money cartridges then fled the scene on foot, according to a report by WATE. It is unknown how much cash…
The Cardano blockchain has significantly upgraded the Hydra Head scaling solution, embodied in version 0.18.0. This update will help enhance transactions on the protocol, eliminating withdrawal lags. Cardano Hydra Head: The New Changes According to the update from Sebastian Nagel, a Cardano core developer, the major feature of this update is “withdrawing funds from an…
Sun TV Networks Ltd on Friday reported a decline of 5.48 per cent in its consolidated profit after tax at Rs 559.58 crore in the first quarter ended June 2024. The company had reported a PAT (profit after tax) of Rs 592.08 crore in the April-June period a year ago, according to a BSE filing…
ELF e.l.f. Beauty $160.83 -27.12 (-14.43%) (As of 08/9/2024 ET) 52-Week Range $88.47 ▼ $221.83 P/E Ratio 72.45 Price Target $217.64 Valuation concerns and slowing growth led e.l.f Beauty NYSE: ELF shares to fall following its Q1 release, but this is a buy-the-dip opportunity. The results were better than expected, including increased market share and improved…
Gold price remains broadly firm on multiple tailwinds on Friday. Investors are divided over the size of Fed rate cuts in September. Fed officials acknowledge the softening of inflation and slowing labor demand. Gold price (XAU/USD) rises to near $2,430 in Friday’s New York session. The precious metal’s near-term outlook remains firm on strong speculation that the Federal…