Jeff Yass from Susquehanna International sold over 1.5 million shares of Palantir in early 2024, shifting focus to a fast-growing AI stock, Super Micro Computer, despite its recent troubles. The AI trend is booming on Wall Street, with predictions that it could add $15.7 trillion to the global economy by 2030. Still, concerns about Palantir’s ...
Gennadiy Goldberg, Head of US Rates Strategy at TD Securities, stated that if Donald Trump wins and Republicans sweep, the 10-year yield could rise to around 5%. Subadra Rajappa, Head of US Rates Strategy at Societe Generale, warned that a selloff in bond yields might negatively impact risky assets overall. They shared these insights in an interview with Sonali Basak on Bloomberg Real Yield.
In an interview with Bloomberg, Thornburg Investment Management Portfolio Manager Emily Leveille emphasized that the AI arms race is ongoing, and investors are keen on owning the 'arms dealers' of this technology. However, she expressed caution regarding consumer stocks, expecting a slowdown in that sector. The discussion took place on October 31, 2024, with hosts Scarlet Fu and Vonnie Quinn.
The recent sharp selloff in UK bonds, which pushed borrowing costs to their highest level in a year, lost steam on Friday. Investors paused their selling, leading to a stabilization in the bond market.
Investors who have been hedging against a possible drop in US Treasuries are bracing for market volatility. This comes as they await the upcoming US employment report, influenced by hurricanes and strikes, which will provide crucial insights before next week’s Federal Reserve policy decision.
Gold prices rebounded after experiencing their largest one-day drop since July. Traders are closely monitoring the upcoming US jobs data while also considering potential market disruptions as the presidential election approaches.
Oil prices surged today following reports suggesting that Iran may be planning to launch an attack on Israel from Iraqi territory in the coming days. This news has refocused market attention on the potential for escalating conflicts in the Middle East.
Emerging-market assets faced a rocky October, marked by increased volatility. Rising global yields and a stronger dollar pressured these markets as investors quickly adjusted their risk assessments ahead of the upcoming US election.
Wall Street traders were looking for a clear direction on stocks after Thursday's selloff, but late trading offered no clarity. Earnings reports from two major tech companies came in mixed, leaving investors uncertain about the market's next move. As a result, stocks struggled to find a steady path forward.
Stocks in Asia fell today as traders prepared for increased volatility with next week’s US election and the Federal Reserve's rate decision looming.
