Here’s a live transmission from the Texas courtroom where JP Morgan Chase & Co’s lawyers are asking a judge to throw out one of the largest punitive judgments in legal history...
As increasingly more analysts and Fed-watchers have suggested in recent months, the one catalyst that could send the market into a tailspin is for the Fed to get what it has so long wanted: a sudden spike in inflation. From Albert Edwards (who looks at record U.S.
Bitcoin collapsed overnight, trading as low as $5555 - down 30% from its highs - before bouncing back above $6000, as Bitcoin Cash soared to as high as $2450 (4 times its price on Friday), overtaking Ethereum briefly as the second largest market cap cryptocurrency.
image courtesy of CoinTelegraph
Bitcoin has lost around $30 billion in market cap, but found buying interest as it ripped below $6000 and has stabilized this morning
By Mish Shedlock
Volatility has returned, at least in the junk bond market. JNK, the Barclays High Yield Bond ETF, and HYG, the iShares High Yield Bond ETF, both had the steepest decline in three months. Is this another buy the dip opportunity, or is risk avoidance about to take hold?
Cracks Widen
Reuters reports U.S.Junk Bond Sector Ends Rough Week On Calmer Note.
Authored by Sven Henrich via NorthmanTrader.com,
Many of you know I keep posting charts keeping taps on the macro picture in the Macro Corner.
It’s actually an interesting exercise watching what they do versus what they say. Public narratives versus reality on the ground.
I know there’s a lot of talk of global synchronized expansion. I call synchronized bullshit.