Now that we’re into the third quarter, we’re stating to see the pundits sound off on what the Q2 economic data will show – and some of them are openly saying that second quarter GDP will record a contraction. Coming on the heels of the 1.6% contraction in Q1, this will put the US in a technical recession. Along with rising inflation and the Fed’s turn to higher rates and monetary tightening, this adds up a darkening economic picture. But Jim Cramer, the well-known host of CNBC’s… Source link
Read More »Gartman Advises Selling Rallies in This Year’s ‘Bear Market’
(Bloomberg) — Dennis Gartman is telling prospective dip buyers to sell any rallies in US stocks during a bear market that he dates to the start of the year, and expects to last for many months. Most Read from Bloomberg “The bear market started January 5,” the chairman of the University of Akron Endowment told Bloomberg Radio on Monday, referring to a day after the S&P 500 hit an intraday record. “People have to understand that fact, and adjust their trading perspectives and investment… Source link
Read More »The ‘Rug Doctor’ who advises crypto investors against ‘horrifying’ DeFi scams
A self-described “doctor” has a lesson she’d like to teach investors about decentralized finance (DeFi), an increasingly popular lending sector that’s become a battleground against cryptocurrency-related fraud. Even the most experienced DeFi players can find themselves wrong-footed by hacks and fraud. Yet retail investors in the sector are hungry for basic fraud protection, giving rise to a new breed of “vigilantes” and startup businesses to address the demand. Over a year ago, one Silicon… Source link
Read More »Google Advises Site Owners of Rise in ‘Work From Home’ Searches
Google is notifying site owners via Search Console of an increase in searches related to work from home jobs. The increase in searches is directly related COVID-19’s impact on businesses and employment. The purpose of alerting site owners is to make them aware of an opportunity to use remote job structured data markup. Lily Ray shared a screenshot of the email Google is sending out, which reads: “Given the recent COVID-19 impact on businesses and employment, Google has seen increased job… Source link
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