Stocks put in their first positive close in over a week Wednesday. Trading volume continues to be heavy as selling pressure eases. Gains were broad across the board, with a concentration on large cap indexes. Leading stocks lagged, as did small caps. So now I’ll keep an eye out for building strength, although I don’t expect it yet. With a […]
The China stock market downturn and currency changes have started to impact the global market. With 50+ startups in my firm’s global portfolio and a fast growing startup of my own, I thought it would be very timely to discuss what is happening in China and it’s potential impact on startups.So I jumped on a call with Vaughn Tan, Assistant […]
It has been a wild few days in the markets.US markets are rallying Wednesday after an ugly day Tuesday, which saw stocks rally sharply early in the day before a huge sell-off in the final hour of trading.But as interesting as it is to track the play-by-plays, it’s also worth taking a gander at how this recent plunge looks relative to others.This chart from Doug Short highlights […]
Jim Grant: The Fed Turned the Stock Market Into a ‘Hall of Mirrors’
The editor of Grant’s Interest Rate Observer on the recent turmoil.
Matt Welch & Jim Epstein | August 26, 2015
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“Confoundingly to me, people have come to be quite accepting of the value attached by fiat to these pieces of paper we call currency,” says Jim Grant, who’s the editor […]
More Charts
The stock market has been getting slammed. As of Tuesday’s close, the S&P 500 was down 12.5% from its all-time high of 2,134, which it set on May 20.But there’s some good news for investors with cash to allocate: valuations have gotten a lot more attractive.The price-to-earnings (PE) ratio — the price of the S&P 500 divided by the […]
Uncertainty continued to reign across the global stock market Wednesday as investors waited to see whether China could manage to stabilize its economy following its massive plunge on Monday.It was hoped the worst was over after the People’s Bank of China cut its interest rates late on Tuesday and lowered the amount of reserves it demands that banks hold, but […]
China’s economic outlook is causing global jitters. Photograph: Rolex Dela Pena/EPA
The Chinese government’s heavy handed efforts to contain recent stock market volatility – the latest move prohibits short-selling and sales by major shareholders – have seriously damaged its credibility. But China’s policy failures should come as no surprise. Policymakers there are far from the first to mismanage financial markets, currencies, […]
Germany’s Dax index and France’s CAC 40 fell 1.7% on Wednesday morning. Photograph: Corbis
European stocks resumed their falls on Wednesday as fears about the Chinese economy once again gripped investors and a late plunge in US stocks unnerved the market.The FTSE 100 fell by 102 points, or 1.68%, by the close of trading to 5,979 points, below the key 6,000 […]
Employees of one of China’s biggest securities firms and one current and one former employee of its market regulator are under investigation on suspicion of illegal stock trading, state media reported Wednesday, amid the collapse of a stock price boom.Three other brokerages announced they are under investigation for possible violations of rules on confirming the identities of customers.China’s main stock market […]
Mario Tama/Getty ImagesThe China financial futures exchange (CFFEX) just announced a swathe of measures designed to limit market speculation.In a release today CFFEX stated that margin requirements for futures trading had been raised along with transaction fees. They will also restrict trading positions in some stock index futures.Having seen stock futures fall by as much as 10% on both Monday […]
