Tag Archives: bulls

(Bloomberg) — Stock dip-buyers across the ETF world have vanished after seeing their account balances ravaged too many times in the 2022 meltdown. Most Read from Bloomberg Three times, to be specific. That’s the number of 5% bounces that have failed to endure in the S&P 500 this year — luring billions of dollars to exchange-traded funds in every rebound. Not this time. As the S&P 500 jumped more than 6% through Friday from its 2022 trough, roughly $10 billion was pulled out of equity funds,… Source link

The market is in full panic mode. The S&P 500 is down 18% year to date. The Nasdaq is down a staggering 27%. And even the Dow Jones — made up of the 30 most prominent publicly-traded companies — is in correction territory. According to Bank of America, there’s one thing that might save the stock market in 2022: money that corporations can return to shareholders. “The best hope for 2022 bulls lies in the ability of investors to dislodge the $7.1 trillion in idle U.S. corporate cash,”… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him @SPYJared Powell & Co. did it. Stocks surged and settled higher after a hotly-anticipated Federal Reserve decision and presser leaned more dovish than hawkish. The big question for U.S. stock investors is how to play the market now. That question… Source link

DETROIT — It seemed fitting, DeMar DeRozan exuding an air of confidence the morning of the Chicago Bulls’ season opener in October but also knowing what was to come over an 82-game season. “I think we’ll be really good,” he told Yahoo Sports. “But I wanna see how we react when we hit a little adversity.” Adversity has knocked the Bulls upside the head recently, with injuries being a main but not singular culprit to erase a lot of the good vibes that started the season. The… Source link

Steven Adams went all out to protect his point guard on Monday afternoon. Adams, late in the Memphis Grizzlies’ 119-106 win over the Chicago Bulls at FedExForum, actually picked up Bulls center Tony Bradley and carried him away from Ja Morant after the two got into an altercation. Though Adams is a large man himself, he seemed to have zero issue whatsoever carrying the 6-foot-10, 248-pound Bradley. Bradley was given a flagrant foul on the play, as he appeared to trip up Morant as he drove… Source link

Cryptocurrencies boomed in 2021, but Bitcoin’s (BTC-USD) late year retrenchment left many investors unsure about the same returns in the new year. Buoyed by demand for non-fungible tokens (NFTs) and decentralized finance (DeFi), Ethereum (ETH-USD) and smaller cryptocurrencies ended up stealing the spotlight from Bitcoin. Its market capitalization, currently under 40%, is the second lowest it has ever been according to Trading View data.  Trading around $47,300, Bitcoin is down 8% since last… Source link

Kyle Kuzma nearly put the Chicago Bulls away on Saturday night with a clutch shot in the final seconds. But for the second straight night, DeMar DeRozan lifted the Bulls to a win with a buzzer-beater. Derozan drilled a wild contested corner 3-pointer over a pair of defenders as time expired to give Chicago a 120-119 win over the Washington Wizards at Capital One Arena. The Wizards led through most of the contest, but the Bulls finally tied things back up with just more than two minutes to… Source link

President Biden’s threat to oil producers that he would force prices down has already backfired. Oil markets were unimpressed by the U.S. administration’s plan to coordinate a strategic petroleum reserve release from major importers in an effort to increase supply. While some observers believe an SPR release could push oil prices down, most analysts have warned that it will only have a temporary effect and could eventually trigger a price spike. OPEC+ members have not even engaged with… Source link

This week’s “flash crash” that dragged bitcoin (BTC-USD) back below $50,000 — and sent other digital coins reeling in its wake — marred what should have been the momentous occasion of the first sovereign country on earth adopting a cryptocurrency as legal tender.  Despite the ugly price action, most of crypto’s true believers are still just that — even as some observers question bitcoin’s head-spinning volatility, and El Salvador’s decision to throw its weight behind it.  Michael… Source link

Despite investment banks such as Morgan Stanley and Credit Suisse recently cutting their U.S. equity outlooks, one would be hard-pressed to not find bulls continuing to outnumber bears on Wall Street.  Chat up any strategist on the Street and most are apt to play down the impact of the Delta variant on the U.S. economy, while playing up the potential for companies to expand profit margins further. The bulls — and again they continue to rule the roost —are also quick to point out strong… Source link