The S&P 500 has dropped 21% year to date, and the Bloomberg Aggregate U.S. bond index has slipped 11%. As you’re undoubtedly well aware, stocks have tumbled this year, with the S&P 500 sliding 21%. Read more…
The New Zealand dollar is steady on Thursday. Earlier in the day, NZD/USD fell below the 0.62 line before recovering, coming within a whisker of 0.6996, its lowest level since May 2020. NZ Business Confidence Read more…
WTI oil futures (August delivery) turned red after failing to close above the 20-day simple moving average (SMA) and the 50% Fibonacci retracement of the $130.50 – $92.19 downfall at $111.35/barrel on Wednesday. The latest Read more…
Why are health care insurance prices expected to rise so much next year? The data is leaking out on 2023 health care insurance plans and for already shell-shocked Americans, the outlook calls for a big Read more…
Image: BMW Google’s Android Automotive OS has been gaining traction in the industry, and this week, BMW announced it will be adopting the platform for some future vehicles. The company plans to develop their BMW Read more…
The USDJPY eases from new highest (137.00) since 1998, posted on Wednesday, as dollar loses traction on concerns that economic growth slowdown and possible recession may shorten Fed’s tightening cycle, that signaled traders to take Read more…
Stock markets have fallen heavily in June so it seems only fitting that they’re ending the month with big losses as reality continues to bite. There’s no getting away from recession chat and while the Read more…
Personal income rose 0.5% month-on-month (m/m) in May, meeting the consensus estimate. April’s growth was revised up to 0.5% (from the 0.4% m/m reported the month prior). Compensation of employees (+0.5% m/m) and proprietors’ income Read more…
The Canadian economy expanded by +0.3% month-over-month (m/m) in April, beating Statistics Canada’s flash estimate of +0.2%. Surprisingly, the flash estimate for May showed a decrease of 0.2% m/m. April’s increase in activity was fairly Read more…
Markets Moves on core bond markets are once again impressive today. Recession fears are holding a tight grip. Investors are pricing out central bank rate tightening, especially for the euro zone. This is happening even Read more…