Monthly Archives: June 2020
Market is entering one of the year’s toughest periods, CFRA’s Sam Stovall warns
(CNBC) The Third quarter is by far the weakest quarter, CFRA’s Sam Stovall warns. The next three months may be anything but calm. CFRA’s Sam Stovall warns the market is entering one of the toughest periods of the year. To […]
Stock futures recover as U.S. coronavirus cases surge to record levels
(CNBC) U.S. stock futures recovered from an earlier decline on Sunday night as coronavirus cases continue surging in the U.S., stoking concerns about the economic reopening and recovery. Dow Jones Industrial Average futures traded 65 points higher. S&P 500 futures […]
The stock market may face a severe bout of turbulence this week and beyond
(Marketwatch) Buckle up, Wall Street investors! The ride from here could get a lot bumpier after the Dow registered its worst one-day loss since June 11 on Friday, knocking the blue-chip index to its lowest point since May 26, and […]
Bank stocks surge after regulators ease Volcker Rule, JPMorgan Chase climbs 2%
(CNBC) U.S. banking regulators are about to ease restrictions created in the aftermath of the Great Recessions, a development that sent bank stocks surging Thursday.Federal Deposit Insurance Commission officials said on a call that they are loosening the restrictions from […]
Singapore Exchange to pay $128 million to fully acquire FX trading platform
(Reuters) Reuters) – Singapore Exchange Ltd (SGX) said on Monday it would pay about $128 million to buy the 80% stake it does not own in trading platform, BidFX, as it seeks to build its presence in foreign exchange futures […]
Short-sellers increase bets against Wirecard as hedge funds eye bigger pay-off from crisis-hit company’s demise
(Hedgeweek) Hedge funds are holding off from closing their short positions in crisis-hit e-payments firm Wirecard AG – with some even increasing their bets – in expectation that its share price will tumble yet again, boosting short sellers’ returns even […]
Intu short bets set to pay off for hedge funds as debt-laden retail operator calls in administrators
(Hedgeweek) A number of hedge fund short-sellers look set to gain from troubled shopping centre operator Intu Properties’ fall from grace, with shares in the London-based real estate investment trust sliding again on Friday (26 June) following news that the […]
Hedge fund industry AUM sits near $3.05tn in May
(Opalesque) A report by eVestment said that investor flows were near flat in May, with net inflows of an estimated $1.71 billion into hedge funds. Total estimated industry assets rose again due to performance gains as AUM sits near $3.05 […]
Wall Street is underpricing a Joe Biden presidential win, Wells Fargo’s Chris Harvey warns
(CNBC) Wells Fargo Securities’ Christopher Harvey believes the market is underestimating a major risk — and it’s not the coronavirus. According to the firm’s head of equity strategy, a Joe Biden presidential win could throw Wall Street a curve ball […]
SEC Charges Issuer, CEO, and Lobbyist With Defrauding Investors in AML BitCoin
(HedgeCo.Net) The Securities and Exchange Commission has charged NAC Foundation, its Chief Executive Officer Marcus Andrade, and political lobbyist Jack Abramoff with conducting a fraudulent, unregistered offering of AML BitCoin, a digital asset security the defendants claimed was a new […]
Short-sellers increase bets against Wirecard as hedge funds eye bigger pay-off from crisis-hit company’s demise
(Hedgeweek) Hedge funds are holding off from closing their short positions in crisis-hit e-payments firm Wirecard AG – with some even increasing their bets – in expectation that its share price will tumble yet again, boosting short sellers’ returns even […]
Hedge fund flows remain high amidst market volatility: eVestment
(Opalesque) Investor flows were near flat in May, with net inflows of an estimated $1.71 billion into hedge funds. Total estimated industry assets rose again due to performance gains as AUM sits near $3.05 trillion, said eVestment. The net flow […]