The electric vertical take-off and landing aircraft (eVTOL) industry is ready to revolutionize the way people get from place to place. eVTOLs will make it possible for people to move around cities at a rapid pace, thereby sustaining human productivity and solving the global vehicle traffic problem. I believe that
The pickup in the U.S. inflation rate to its highest rates in forty years has led to renewed attention being given to the Great Inflation of the 1970s. Between 1971 and the early 1980s, the postwar monetary order anchored on Bretton Woods fell apart, currencies gyrated, inflation surged, and
Fueled by hopes that the inflation has peaked, bad Housing Starts and Buildings permits numbers, and good earnings from Goldman Sachs and Tesla, the bear market continued to rally with the S&P 500 ($SPX) gaining about 10.3% to 4,012 points and Nasdaq 100 ($NDX) gaining 14.61%
In March 2020, When the markets plunge due to COVID-19 pandemic uncertainty, the Federal Reserve stepped in, lowered the interest rates to near zero, and launched a suite of emergency lending programs, including an open-ended quantitative easing (QE) to support the economy and stabilize financial markets. As a result of
Summary * Last week, U.S. June Inflation soared to 9.1%, a New 41-Year High. As a result, the US10Y-US2Y spread turned negative for the third time this year and went as low as -0.22, the lowest since 2000 which is a sign of recession. * Banks reported mixed earnings.
Last week we had one of the greatest weeks since the beginning of the year with 4 green days in a row. Nasdaq ($NDX) had 5 green days in a row, the most since the beginning of the year. A relief rally was likely As I suggested in my posts
The Central Bank emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. Participants judged that an increase of 50 or 75 basis points would likely be appropriate at the next meeting