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Stocks Rally On June 15 Following The Fed Rate Hike, But Don’t Expect It To Last
Article By:
Michael J. Kramer
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Wednesday, June 15, 2022 10:19 PM EDT
The rally started before the Fed meeting, as VIX expiration helped bring the VIX down some even before the FOMC.
Weak Bounce Does Not A Bottom Make
Article By:
Declan Fallon
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Wednesday, June 15, 2022 9:01 PM EDT
Don't expect much from indices tomorrow. but slow, steady gains over coming days would be good.
NY Fed Provides More Positives For Supply Chains
Article By:
Bespoke Investment Group
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Wednesday, June 15, 2022 7:04 PM EDT
The Empire Fed Manufacturing survey was one of a number of disappointing economic data points released this morning.
NFTs And Collectibles Tokens Bounce Back Amid The Crypto Collapse
Article By:
Maithya Kitonyi
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Wednesday, June 15, 2022 5:31 PM EDT
Although NFTs and Collectibles tokens have not been spared by the downturn in crypto prices, some of the tokens seem to be bouncing back after sinking to new lows earlier this week.
In this article: BITCOMP
Cathie Who?
Article By:
Candy Matheson
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Wednesday, June 15, 2022 4:52 PM EDT
The bears are still firmly in control of the ARK Innovation ETF.
In this article: ARKK
AUD/USD Reverses Ahead Of Yearly Low With Australia Employment On Tap
Article By:
David Song
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Wednesday, June 15, 2022 4:14 PM EDT
AUDUSD snaps the series of lower highs and lows carried over from last week even as the Federal Reserve delivers a 75bp rate hike in June.
The Fed’s Policy Mistake Has Been Made
Article By:
Cullen Roche
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Wednesday, June 15, 2022 4:00 PM EDT
The Fed made a huge policy mistake and has already overtightened which will not only result in a recession but rising unemployment which is a direct breach of their mandate.
Retail Sales Flounder In May With Negative Revisions In April
Article By:
Mish Shedlock
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Wednesday, June 15, 2022 2:47 PM EDT
The advance retail sales numbers for May were negative for the month and the Commerce Department revised April slightly lower.
Fed Hikes Rates By The Most In 28 Years, Signals Volcker-Era Is Back
Article By:
Tyler Durden
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Wednesday, June 15, 2022 2:35 PM EDT
The Fed hiked rates by a stunning (but expected) 75bps.
Atlanta Fed Slashes Q2 GDP Forecast To Zero Confirming Technical Recession
Article By:
Tyler Durden
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Wednesday, June 15, 2022 1:29 PM EDT
The Atlanta Fed just confirmed the economy is in a technical recession.