Short Sellers Are Down $81 Billion This Year
WSJ says short sellers feel the pain in the stock market's 2023 rally as losses amount to more than $81 billion this year so far.
SPY Stock Continues to Make Lower Lows and Lower Highs
Looking at the SPY for the year and we see that the market continues to make lower lows and lower highs. SPY stock took a big hit on Wednesday during JPOW’s speech, dropping from $405 to as low as $396. The index closed at $399.40 but continues to…
Bank of America Expects a Recession by Q1 of 2023
Bank of America is expecting a recession to hit the U.S by the first quarter of 2023. There is a major slowdown happening says CEO Brian Moynihan. Economists are now expecting a volatile market to persist in 2023. A recession may be coming in the first…
How Can the Average American Pivot in a Recession?
An economic downturn, a recession, call it what you will. The U.S. economy is in a state of emergency and the average American is suffering financially. From stock and crypto market crashes to the rise of gas prices and increased inflation, the middle…
Citadel Faces Potential Default on Russian Tech Company
Citadel is facing potential default on convertible bonds from Russia’s Yandex NV. Yandex NV is an internet and technology company that provides an internet search engine in Russia and other international markets. Tigran Khudaverdyan has stepped…
