World Markets Update: September 26, 2022
All eight indexes on our world watch list posted losses through September 26, 2022. The top performer is India's BSE SENSEX with a YTD loss of 1.9%. London's FTSE 100 is in second with a loss of 4.92% and Tokyo's Nikkei 225 is in third with a loss of 8.20%. Coming in last is Germany's DAXK with a loss of 25.47% YTD.
One Bitcoin Equals One Bitcoin Becomes the Narrative as the Drop Gets ‘Too Painful’
Virtual money, digital gold, inflation hedge, uncorrelated asset, store of value: those are phrases once used by Bitcoin’s fans to describe the cryptocurrency’s virtues. Its new narrative? A Bitcoin is a Bitcoin.
Why Investors Are Facing Even More Market Instability
Frequent flyers are accustomed to turbulence on some flights. Indeed, many expect it. Despite such anticipation, however, the turbulence can once in a while create significant anxiety among even the most seasoned travelers.
Wall Street Banks Prep for Grim China Scenarios Over Taiwan
Global financial firms, still smarting from multi-billion dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan.
Stale Pricing and the Risk to Bond Fund Investors
Bond mutual funds trade daily and are highly liquid, but the underlying securities are often highly illiquid, trading very infrequently. This mismatch means that bond fund pricing is unreliable, creating risks, especially for buy-and-hold investors.
Fed Finally Vanquishes Stocks From Asset Allocation Throne
For years, asset allocators had it easy: Buy the biggest American tech companies and watch the returns rack up. Those days are gone, buried under a crush of central bank rate hikes that are rewriting the playbooks for investment managers across Wall Street.
The Strong Dollar Is About to Pay Some Dividends
In times like these, I’m reminded of Robert Rubin. The former US Treasury Secretary in the Clinton administration was unequivocal that a strong dollar was in the country’s best interests, and the government should be careful not to undermine trust in the currency.