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This post was originally published on TKer.com. It’s a bear market. On Monday, the S&P 500 tumbled 3.9% to close at 3,749.63. That put the index down 21.8% from its January 3 all-time closing high of 4,796.56. This was the first time the S&P closed down by at least 20% from its high, confirming that we’ve been in an official bear market. By the end of the week, the S&P had fallen to 3,674.84, down 23.4% from its high. Historically, bear markets have come with more pain. According to Howard… Source link

(Bloomberg) — Most Read from Bloomberg Saudi Arabian shares closed at the lowest level in about six months, leading declines in Middle East markets, following the global sell-off last week and oil’s plunge on Friday. The Tadawul All Share Index dropped 4.4% at close, with the index posting its longest losing streak since 2020. Aramco fell 4% to the lowest since March 15. Still, the state-controlled oil firm is the world’s biggest listed entity with a market value of $2.17 trillion compared… Source link

This post was originally published on Tker.co. JPMorgan’s global economic research team just published note titled: “They will know I am the lord when I lay my vengeance on them.“ The quote comes from Ezekiel 25:17. It was popularized in “Pulp Fiction” by fictional hitman Jules Winnfield — portrayed by Samuel L. Jackson — who would recite the verse before dispatching his marks. Led by Bruce Kasman, JPMorgan’s economics team employs the chilling language to characterize the Source link

There’s a “hurricane” coming for the U.S. economy, and investors should brace themselves for more volatility. At least that’s what JPMorgan Chase CEO Jamie Dimon said earlier this month at an annual conference sponsored by AllianceBernstein. Dimon, often considered the voice of the banking industry, is just one of many Wall Street titans painting a less-than-rosy economic picture. From hedge fund billionaire Leon Cooperman to Morgan Stanley’s CEO James Gorman, bearish predictions… Source link

Warren Buffett’s portfolio is full of buyback opportunities which he calls ‘the best use of cash’. Here are 3 companies with the biggest hidden dividend potential The fact that the world’s most famous investor, Warren Buffett, appreciates shareholder rewards shouldn’t be surprising. After all, a sizable and predictable return is the whole point of investing. Buffett takes this philosophy seriously and seeks out companies with the most generous shareholder rewards program. All five of his… Source link

The breakdown in S&P 500 with spike of volume on 13 June 2022 followed by a weak rally up after the Fed’s FOMC pointed to the bearish scenario. The current market development is similar to the global financial crisis in 2008 in terms of both price structure and the market rotation sequence as explained in the video at the bottom of this post. Using Wyckoff Method to Spot the Silver Lining After a more than 10% drop in 6 trading sessions, S&P 500 is right at a vulnerable spot where a stock… Source link

China has urged the International Monetary Fund to approve a US$1.4 billion bailout for Zambia but the fund responded by telling Beijing and other official creditors they must first agree a relief package. Lusaka is seeking a bailout from the IMF and is also in the process of restructuring about US$17.3 billion of external debts, including from its largest bilateral lender – China. In November 2020, it became the first African country to default on some of its dollar-denominated bonds during… Source link

AUSTIN, Texas – Fans itching to see Donald Cerrone vs. Joe Lauzon will likely be disappointed. The highly-anticipated bout between the two lightweight veterans won’t get a third booking after multiple fight-day cancellations. Cerrone (36-16 MMA, 23-13 UFC) and Lauzon (28-15 MMA, 15-12 UFC) were scheduled to compete Saturday in the co-main event of UFC on ESPN 37. However, Lauzon was forced to withdraw from the bout as his left knee locked up on him after official weigh-ins, rendering him… Source link

AUSTIN, Texas – Josh Emmett’s case for a title shot keeps getting stronger. The UFC featherweight added another win to the streak, defeating Calvin Kattar in an exciting and highly technical five-round contest in the main event of Saturday’s UFC on ESPN 37. Emmett (18-2 MMA, 9-2 UFC) defeated Kattar (23-6 MMA, 7-4 UFC) by split decision. The judges’ scorecards read 48-47 and 48-47 in favor of Emmett and a single 47-48 card for Kattar. Following the reading of the decision, Emmett took… Source link

Like a crafty fighter lulling an opponent into complacency, The Country Club punched back hard on Saturday, rocking the game’s best and setting up a Sunday at the U.S. Open with no clear favorite. Winds picked up into the high teens. Greens dried out and thumped. The rough, allowed to grow, swallowed wayward shots and held on. The field as a whole shot nearly a stroke and a half worse than Friday’s average of 71.99, and the Friday night lead of -5 fell a stroke, to -4. At the beginning of the… Source link