<p>In a note, JP Morgan equity strategist Marko Kolanovic has once again weighed in on the negatives for stocks:</p><ul><li>the disinflation thesis is likely to be challenged during 1H24 as the disinflation process stalls</li><li>equities appear overbought given low implied cash allocations and low short interest
Blogs
"Irregular activity" reported in the Red Sea – multiple reports on UAS activity
<p>Via United Kingdom Maritime Trade Operations (UKMTO) tweet:</p><p>***</p><p>United Kingdom Maritime Trade Operations (UKMTO) is a Royal Navy capability with the principal purpose of providing an information conduit between military which (includes/security forces) and the wider international maritime trade. UKMTO de
Forexlive Americas FX news wrap 9 Jan. Confusion reigns on Bitcoin ETF approval.
<ul><li>you<a href="https://www.forexlive.com/news/sec-grants-approval-for-bitcoin-etfs-20240109/">SEC grants approval for Bitcoin ETFs</a></li><li><a href="https://www.forexlive.com/news/us-stocks-close-mixed-nasdaq-closes-with-a-small-gain-20240109/">US stocks close mixed. Nasdaq close
The SEC will never live this down
<p>The <a href="https://www.forexlive.com/news/sec-grants-approval-for-bitcoin-etfs-20240109/" target="_blank" rel="follow">SEC twitter account being hacked </a>on the eve of the expected ETF announcement is a massive blackeye for the organization that's supposed to be in charge of investor prote
Eight reasons why a bitcoin ETF will be a 'sell the fact' trade
<p>A bitcoin ETF hasn't been approved yet but all signs point to an announcement on Wednesday and trading as soon as Thursday.</p><p>This will lead to something of a frenzy on CNBC with advertisers of the 11 prospective ETFs vying for supremacy in what will surely be a winner-take-all market.</p><p>How much money
SEC says Bitcoin ETFs have NOT been approved
<p>SEC says its Twitter account was hacked</p><p>Info comes via Bloomberg</p><p>Gensler tweet now:</p><p>Securities and Exchange Commission Chair Gary Gensler tweets that the official SEC account was hacked ('compromised' is the polite version)and that news of ETF approvals is untrue. </p> T
SEC account hacked to say bitcoin ETFs approved but it wasn't
<p>It's a total snafu in crypto-land as Gary Gensler says the SEC twitter account was hacked after it initially posted that all bitcoin ETFs were approved.</p><p>His tweet came around 10 minutes after the SEC's official account tweeted this:</p><p>For a hack, they certainly did a great job of making it look o
Economic calendar in Asia Wednesday, 10 January 2024 – Australian inflation data
<p>The reading on monthly CPI from Australia today is for November. </p><p>The monthly CPI data from Australia does not show all components of the CPI, that'll have to wait for the quarterly data release.</p><ul><li>The monthly CPI indicator does, however, provide a timelier indication of inflation using the
Trade ideas thread – Wednesday, 10 January, insightful charts, technical analysis, ideas
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.
US stocks close mixed. Nasdaq closes with a small gain
<p>The major US stock indices are closing mixed. The Nasdaq index scraped together a small gain. The S&P and Dow both fell. </p><p>A snapshot of the market currently shows:</p><ul><li>Dow Industrial Average fell -164. points or -0.45% at 37516</li><li>S&P index fell moves them .26 poin