Trade Setup for Monday July 25, 2022: Key Things to Know Ahead of Today’s Stock Market Opening Bell
As the market reopens today after the two-day gap week off, the bulls would be looking to extend their dominance while the bears will be waiting for a break in the rally that has been going on since July 15, 2022. Here are the key takeaways regarding today’s trade setup ahead of the stock market’s opening bell: Global market indices With an eye on the scheduled US Fed meeting and the release of US Q2 GDP data lined up this week, the bull run on Wall Street was paused after profit-taking during the key session week The Dow Jones finished…
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SoftBank’s experiment has failed. Time to go private?
Softbank CEO Masayoshi Son on new $24 billion loss: “I’m quite embarrassed and remorseful.” Str/Jiji Press/AFP/Getty Images Text size The stock market can be a humbling place; just ask Masayoshi Son. The founder and CEO of SoftBank Group (Ticker: SFTBY), “Masa” made one of the best venture investments of all time, providing a $20 million bet to Jack Ma when he started the e-commerce company. Alibaba Group Holding (BABA) in 2000. This bet has paid off big. Even after selling some of its stake, SoftBank still owns $34 billion in Alibaba stock. Masa has not stopped making big bets since…
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India@75: History of Actions in India
William Feather, an American publisher and author once said that “one of the funny things about the stock market is that every time one person buys, another person sells, and both think they’re smart.” Shares, also known as equity, are a security that represents the ownership of a fraction of the issuing corporation. Stock units are called “shares” that entitle the owner to a proportion of the corporation’s assets and profits equal to the number of shares he owns. humble beginnings See full image EEB building on Dalal Street Stock trading in India dates back to the 18th century when…
Read More »Invesco sees ‘crypto spring’ after crash wipes out demand for digital assets: ‘We’ll see people come back’
Invesco, the $1.4 trillion US asset manager that launched one of Europe’s first bitcoin products, predicts a “crypto spring” will spur professional investors back into digital assets. “We’ve been in crypto winter, with very volatile prices,” Gary Buxton, head of ETFs for Europe, Middle East and Africa at Invesco, told Financial News. “It has stopped some level of participation in cryptoassets, but I don’t think it has stopped the recognition of most of the large institutions that will play an increasingly important role in the future.” Invesco announced its foray into the European crypto market in November with the launch…
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Poland’s volunteer army flies flag as Ukraine ‘refugee fatigue’ sets in
As millions of refugees flooded its border following Russia’s invasion of Ukraine, Poland was hailed as a role model. Almost overnight, its citizens formed an army of grassroots volunteers to help the displaced, donating money and welcoming Ukrainians into their homes. There has been a slowdown in arrivals since the February 24 invasion, but the need remains acute, and the flow of assistance is drying up, with humanitarian activists saying “refugee fatigue” has consolidated “It’s becoming very difficult to reach new people with the message that they should come and help Ukrainians,” said Jakub Tasiemski, lead coordinator of the Heart…
Read More »Young people avoid banking to balance work and family life: “We don’t have to hang out in the office until 2am”
Investment banks that have traditionally relied on a stream of senior lawyers, consultants and accountants to replenish their ranks are seeing those talent pipelines dry up. For that, you can blame the push back to the office. Banks that ask negotiators to return to the office full-time, even if firms have broader formal hybrid schemes, are losing out. Other sectors with a similarly hard-charging reputation now offer a better work-life balance, executives say. Law firms, private equity firms and the Big Four accountants, the sectors with which banks compete most fiercely, are winning the best candidates. The hierarchical, face-to-face culture…
Read More »Bear market rally won’t last, says fund manager David Neuhauser
Hedge fund manager David Neuhauser says markets look “artificially high” right now and are staging a bear market rally that won’t last. Neuhauser, founder and CIO of Livermore Partners, said the recent bounce was a technical rebound from the lows and does not mark a sustainable recovery in the markets. “I think you’re hitting the upper limits of this rally at this point, and I would expect it to fade here in the next few weeks,” he told CNBC’s “Squawk Box Europe” on Friday. Major US indexes have been in a bear market (or more than 20% from recent peaks)…
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Rakesh Jhunjhunwala, known as the “Warren Buffett” of India, dies at the age of 62
Famed Indian investor Rakesh Jhunjhunwala, who amassed a fortune of nearly $6 billion by bullish bets on the country’s stock market, died on Sunday at the age of 62. During his four-decade career, the self-made billionaire investor was known as “India’s Warren Buffett” for his long track record of investing in undervalued but successful companies. An accountant from a middle-class family, Jhunjhunwala’s success symbolized the opportunities created by the roaring growth and wealth creation that followed India’s economic liberalization in the 1990s. French and tirelessly optimistic about the prospects for India’s economy and business, he acquired a loyal following of…
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