News Articles

After a frightful year of scandal and criticism, fourth-quarter results on Wednesday, February 2nd, should concentrate all eyes on the accompanying mission statement and outlook.

Meta [FB] trades around $300 after an all-time high of $384 reached last September before Frances Haugen [FB 'whistle blower'] gave incriminating and damaging testimony to Congress that further rocked the company; most certainly prompting the subsequent sudden rebranding !!!!.

If Fed Chair Jerome Powell had intended to instill calm at the conclusion of the Federal Open Market Committee [FOMC] on Wednesday evening the 26th, he failed. Markets remain deeply uncertain and unhappy, both with continuing tensions with Russia over Ukraine and with headline inflation nudging 7%, well above the 2% target. The FOMC is expected to raise the target range for the federal funds rate in March with possibly further 'incremental monthly increases,' the policy-setting committee suggested in its statement.

It remains to be seen if the bleeding in the markets has been cauterized by last week's Market retreat as the deleveraging and the unwinding of speculative positions continued in the [pandemic/Tech centric stocks] Technology, Pharmaceutical, and Crypto space.

On Saturday the 22nd, Bitcoin [BTC], which trades 365 days a year 24/7, touched $34064 from early Friday mornings quote of $42000 as it was revealed Russia would not allow Crypto mining. As of this writing, it trades at $ 35895.

As of writing, there is some slight relief for global investors with the downgrading of Covid and its latest variant Omicron, although the WHO were quick to maintain a more cautious future outlook.

Asian share markets broke a five-day slide to edge higher at the close of trading on Thursday, January the 20th, but opened Friday the 21st in less optimistic mood as the Dow on Thursday made a 600-point reversal closing 313 points lower following disappointing subscription projections from Netflix and a sustained sell-off in the technology sector.