by Esha Dey, Bloomberg.com | Sep 29, 2022 | AlphaTack Intel
Auto dealers Carvana, Sonic Automotive plunge in broad selloff Rising rates, low confidence makes consumers wary of spending Already shaky market sentiment took a gut punch on Thursday, after used-car dealer CarMax Inc.’s latest quarterly results laid bare the plight...
by Bloomberg.com | Sep 27, 2022 | AlphaTack Intel
A global recession probability model by Ned Davis Research recently rose above 98%, triggering a “severe” recession signal. Bloomberg: Goldman Sachs Group Inc. and BlackRock Inc. are turning more bearish on equities for the short term, warning that markets are yet to...
by Tyler Durden, ZeroHedge.com | Sep 27, 2022 | AlphaTack Intel
Another day, another yield-driven market shock, and another down day for the S&P which is now lower for 6 consecutive days, the longest stretch since February 2020 when the world was about to shut down (worse, as the last chart at the bottom of this post show,...
by Yahoo.com | Sep 24, 2022 | AlphaTack Intel
In Tom Wolfe’s famous essay about the 1970s, “The Me Decade,” he wrote about how Americans had abandoned communal thinking in favor of personal wealth. “They took their money and ran,” he wrote. In fact, there wasn’t much money to take. Today, with the...
by BusinessInsider.com | Sep 22, 2022 | AlphaTack Intel
Years of 0% interest rates in the US damaged the economy and created bubbles like bitcoin, Nassim Taleb told CNBC on Thursday. “You’re creating bubbles, creating tumors like bitcoin,” the author of “The Black Swan” said about monetary policy. Taleb has been critical...
by Natalia Kniazhevich, Bloomberg.com | Sep 21, 2022 | AlphaTack Intel
‘Cash right now is looking attractive,’ strategist says Says he expects corporate profit margins to come down in 2023 Peter Oppenheimer, the chief global equity strategist at Goldman Sachs Group Inc., said the US stock market may see more losses as interest rates...
