Ned Davis Research Shifts to Bullish on Equities - Bloomberg
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- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
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- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- Grand Canyon Education places CFO on leave amid stock trade probe
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Funds sell $44bn in semiconductors on AI concerns
- RUM Group signs $13.7 billion GPU services deal, issues warrants
Instacart's Growth Continued in Q2 Ahead of IPO - WSJ
August 22, 2022 3:44 PM EDTUS grocery delivery firm Instacart experienced significant growth during the pandemic, as consumers flocked to the service during lockdowns.
That growth continued in the second quarter, with consumers sticking to online grocery deliveries despite soaring inflation and store reopenings ahead of its initial public offering, the WSJ said on Monday.
The company is preparing to go public later this year... More
'Positioning and Declining Inflation to Support Further Recovery' - JPMorgan
August 22, 2022 1:52 PM EDTJPMorgan analyst Marko Kolanovic told investors in a note Monday that declining inflation and very low investor positioning will support a further recovery in markets.
The analyst also maintained their stance that inflation will resolve on its own as "distortions fade, and likely drive a Fed pivot, while a stronger H2 recovery in China should provide support for the global cycle."
"This, in combination... More
Fed Tightening Expectations Still Driving Near-Term Crypto Markets - Morgan Stanley
August 22, 2022 12:01 PM EDTSpeaking on cryptocurrency markets, Morgan Stanley analyst Sheena Shah said in a note to clients Monday that Fed tightening expectations are still driving near-term crypto markets.
Shah added that institutional crypto deleveraging appears to have paused as stablecoin market cap, an indicator of crypto liquidity, stopped falling, but leverage demand is subdued.
"Stablecoin availability is a sign of liquidity... More
UK Inflation to Hit Over 18% Next Year - Citi
August 22, 2022 9:59 AM EDTCiti analyst Benjamin Nabarro said in a note to investors Monday morning that they expect UK inflation to hit 18% in the first quarter of 2021.
The analyst said in light of recent developments, they have updated their inflation profiles based on the assumption of a £300 policy offset applied to household energy bills from October through to 2024.
"We now expect CPI and RPI inflation to breach 18% and 21%... More
