WASHINGTON—Rising bond yields caused a market panic recently and sparked a sell-off in the stock market. While yields are still at historically low levels, investors worry that a sharp move in yields could be a sign of trouble. The yield on the benchmark 10-year U.S. Treasury bond rose this month to as high as 1.73 percent, up from 0.89 percent…
How a Small Rise in Bond Yields May Create a Financial Crisis
Commentary Ned Davis Research estimates that a 2 percent yield in the U.S. 10-year bond could lead the Nasdaq to fall 20 percent, and with it the entire stock market globally. A 2 percent yield can cause such disruption? How did we get to such a situation? Central banks have artificially depressed sovereign bond yields…
China’s Stock Market Correction May Have Room to Run
News Analysis The Chinese stock market has been mired in its deepest slump since 2015. Despite a surge on March 11—the last day of China’s annual National People’s Congress (NPC) event—Chinese stocks have slumped dramatically since reaching a high on Feb. 10. Despite efforts by several Chinese national asset managers in purchasing assets, the benchmark…
Is Investing in the Stock Market Gambling?
Dear Carrie: My boyfriend is on his phone all the time trading stocks. Sometimes, he makes a lot of money quickly, and other times, he gets upset because he loses. Overall, though, he says it’s fun and that I should invest too (right now, all of my money is in savings). To me, it all…
One Way Politicians Can Start to Regain Voters’ Trust
Commentary Quick, name some national politicians you trust. What’s that you say? You’re struggling to think of any trustworthy politicians in Washington? You are not alone. Pew Research reports 80 percent of us say we do not trust the federal government to do what’s right “always or most of the time.” And 81 percent of…
Broker Robinhood Sued Over Student Trader’s Suicide
The family of a 20-year-old stock trader who committed suicide sued the broker Robinhood for his death, citing its “misleading communications” that caused their son to panic over what he wrongly believed were huge market losses, according to a lawsuit. Robinhood notified Alex Kearns in June of what he thought was a $730,000 loss on…
Global Firms Raise $546 Billion in January as SPAC Frenzy Continues
February 9, 2021
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Companies raised $546 billion from new bond and share issues in January, as a flood of central bank money-printing and recovering stock markets brought record numbers of new listings, special-purpose acquisition company (SPAC) deals, and share sales, Refinitiv data showed on Feb. 3. The numbers included $106.15 billion in initial public offerings (IPOs), SPACs, and…
Establishment Players Strike Back Against Gamestop Investors
After small investors organized online to squeeze billions of dollars from Wall Street hedge funds, some establishment actors have come out against the investors. The investors, mainly organized on the online Reddit forum “r/wallstreetbets,” have been buying en masse stocks of the video game retailer GameStop in the hope that hedge funds that have apparently…
GameStop Is Not the Revenge on Wall Street
Commentary The short squeeze forced on GameStop and other stocks through Reddit’s WallStreetBets has generated a massive media frenzy against hedge funds and comments all over social media hailing the decision of a group of small investors to trigger a huge repurchase of a beaten-down stock. The first thing we need to understand is that…
American Elites Seek to Rig the Game
Commentary In the aftermath of the disgraceful Jan. 6 riot at the U.S. Capitol, the American ruling class has flexed its muscles like never before. Big Tech oligarchs moved in unison to kneecap upstart Parler, a would-be Twitter competitor, and ban former President Donald Trump and scores of other conservatives. Simon & Schuster, one of…
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