Stock, Crypto, ETF, FX, and Bond Market News and Price Analysis: Live Stream August 10, 2022

Elon Musk sold $6.9 billion of Tesla (TSLA) shares, in addition to his $8.5 billion sell-off in April, as a financial reserve in the event he is compelled to complete the Twitter (TWTR) purchase by the Delaware Chancery Court. CPI dropped to 8.5% in July from 41-year peak rate of 9.1% in June. Core inflation, […]

Stock, Crypto, ETF, FX, and Bond Market News and Price Analysis: Live Stream July 28, 2022

Federal Reserve’s back-to-back jumbo rate hikes and a report on second quarter growth prior to the start of trading. Commerce Department data showed the economy contracted by 0.9% over the second quarter. The fastest inflation in four decades has decreases growth prospects. Atlanta Fed’s GDPNow tracker indicates the economy is shrinking at a rate of […]

The Fed's Focus Is "Singular" Right Now

The Institute of Supply Management’s services gauge sank to its lowest level in two years, mortgage demand declined despite falling rates, and the housing rental market cooled markedly, as evidence of economic slowdown accumulates. The Federal Reserve, meanwhile, as revealed by the minutes to the June 14-15 FOMC meeting, remains “highly attentive” to inflation risks. […]