Define bear market

Vivek Sharma of Gulaq Inflation has definitely not peaked out. We might remain in a high inflation regime for much longer, feels Vivek Sharma, Director (Strategy) and Head of Investments at Gulaq, a part of Estee Advisors. Sharma said the point of concern is the possibility of a hard landing of US economy because of the rising interest rates. Higher rates in-turn lead to FIIs pulling out money invested in India at increasing pace. This will have higher impact on stock markets than on economy. So the chances of a bear market are higher than that of a recession, said in an interview to Moneycontrol. Edited excerpts: Do you foresee a recession going ahead given the elevated oil prices? Elevated oil prices is definitely a cause of concern for Indian economy. Oil comprises about 20 percent of our import bill, so this directly impacts our current account deficit and puts pressure on rupee. Close But the bigger concern is the possibility of a hard landing of US … [Read more...] about Daily Voice | Chances of a bear market higher than that of an economic recession: Vivek Sharma of Estee Advisors

Share to Twitter Share to Linkedin Topline Investors piled out of cryptocurrency investment funds at a record pace last week after bitcoin plummeted to its lowest level in 18 months, crypto asset management firm CoinShares reported Monday, highlighting the bearishness that's come to a head this month as markets grapple with the Federal Reserve's reversal of pandemic-era stimulus measures. Key Facts Cryptocurrency funds posted net outflows of $423 million last week, eclipsing the prior record of $198 million set as crypto markets tumbled in January and bringing total assets down to $36.2 billion, according to a Monday report by CoinShares. Cash transferred out of bitcoin funds drove the record activity, with net outflows of $453 million—virtually erasing all inflows this year and pushing assets in such funds down to $24.5 billion, the lowest level since the beginning of last year, CoinShares reported. CoinShares' James Butterfill notes … [Read more...] about Crypto Funds Post Record $423 Million Outflows As Bitcoin Plunge Rattles Market

Share to Twitter Share to Linkedin Topline The Federal Reserve’s “heightened sensitivity” to rising inflation expectations could be triggered by a barrage of political ad campaigns that are expected to highlight surging consumer prices ahead of the midterm elections in November, analysts at Goldman Sachs warned on Friday, adding that the central bank may feel “compelled” to keep hiking rates aggressively. Key Facts With the midterm elections looming in November, surging consumer prices will be a major issue for voters—especially as long-term inflation expectations have surged in recent months, according to the latest consumer sentiment survey released by the University of Michigan on Friday. Meanwhile, the Federal Reserve watches long-term inflation expectations closely, and used it in its decision earlier this month to raise interest rates by 75 basis points—the largest increase since 1994. The central bank’s “strong reaction” to the … [Read more...] about Political Ads Targeting Inflation Ahead Of Midterm Elections Could Force The Fed To Keep Hiking Rates: Goldman Sachs

Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. Volatility, uncertainty, and unpredictability have been go-to words for writers and analysts tasked with writing about markets in the past few years. That’s not changed despite the market taking a bearish turn. Just a while ago, it seemed like the mother of all bloodbaths was just around the corner. No, what you saw was a mere prelude, they said. But the markets are on a different trip now. At 12.45 pm, the Sensex was up 1.2 percent above Friday’s close and 4 percent above its recent low made in mid-June. What is this, a bear market rally and how many dead cats will bounce before none are left? Can somebody call the bottom already? Close This time, the white flag waved by the bears has the “we … [Read more...] about Moneycontrol Pro Panorama | ​Can somebody call the bottom already?

- A + A (June 27): The wipeout in Bitcoin may have run its course, a range of technical indicators suggest. Momentum measures and insights from options bets signal ebbing selling pressure and a possible trading range of US$20,000 to US$25,000 — though the usual caveats apply about the mercurial nature of cryptocurrencies. The largest digital token has slumped about 70% from a November record and was little changed at US$21,343 as of 8:38 a.m. Monday in London. It slid below US$18,000 earlier this month, before retaking the closely watched US$20,000 level. Tightening monetary policy, withering speculative ardor and collapsing digital-asset projects have spurred a broad crypto rout in 2022. But the mood in global markets is turning less dour on tentative hopes that the price pressures driving interest-rate hikes may be cresting. The lessons of Bitcoin’s past swoons suggest it’s in the vicinity of its bear-market low, according to Glassnode. This “bear market is now … [Read more...] about Bruised bitcoin due relief after crypto wipeout, charts show

- A + A NEW YORK (June 28): U.S. stocks ended a volatile trading session slightly lower on Monday after posting sharp gains the week before, while oil prices and Treasury yields rose. Oil climbed following last week's rout, as the Group of Seven nations promised to tighten the squeeze on Russia's finances with new sanctions that include a plan to cap the price of Russian oil. Investors have been hoping oil's slide from three-month peaks hit earlier in June could ease overall inflation concerns and allow the U.S. Federal Reserve to tighten policy less aggressively than initially feared. Still, data on Monday showed new orders for U.S.-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter. Stocks moved between gains and losses during the session on Wall Street, with big growth shares leading the way down. "It's not shocking given we're in a bear market that last week was a … [Read more...] about U.S. stocks fall after recent big gains; oil, yields rise

- A + A NEW YORK/BENGALURU (June 27): Wall Street's main indexes fell after opening higher on Monday, as a rally last week on easing concerns over inflation lost steam, with high-growth stocks leading declines. "We had a nice rally last week, so I think we're seeing a little bit of profit taking this morning," said Dennis Dick, a proprietary trader at Bright Trading LLC in Las Vegas. "The stocks that were up the most last week are the ones getting hit the hardest here today." The tech-heavy Nasdaq Composite index, which gained 7.5% last week, fell 0.7% to lead declines among the three major indexes. Investors were betting on the retreat in oil prices from the three-month highs hit in June to potentially ease inflationary pressures and likely push the Federal Reserve to moderate its aggressive policy tightening. However, data on Monday showed new orders for US-made capital goods and shipments increased solidly in May, pointing to sustained strength in business … [Read more...] about Wall Street sheds opening gains on losses in high-growth stocks

Share to Twitter Share to Linkedin When it comes to sustainability and fashion, particularly the fast variety, it would be an understatement to say the industry has a few problems. First and foremost, fast fashion is the third biggest polluter globally , with textile production contributing more to climate change than international aviation and shipping combined . But there’s also the more shadowy and therefore dangerous misperception that the spending behemoth of Gen Z has been molded in a wholly Thunbergian image; despite a considerably raised bar of eco-intentions the infamous specter of the values-actions gap (the disparity between what people say they value/will do vs. what happens when it comes to the crunch) reveals a very different story. Zalando’s Reality Check Fuels Partnership Affirming this, in April this year German multinational e-commerce giant Zalando (45m active consumers, 23 markets and 4500 brands including 300 designer labels) … [Read more...] about Zalando Joins Forces With Save Your Wardrobe To Chase Net Positive Fashion Ambition

Jeong Jae-hong The author is an international affairs and security editor of the JoongAng Ilbo. Gustavo Petro was elected president of Colombia on June 19. According to an analysis in the Washington Post, Columbia, ruled by right-wing politicians over 200 years, elected a left-wing president because the middle-class collapsed due to the Covid-19 pandemic and voters wanted the government to ease economic inequality. Brazil is scheduled to have a presidential election on October 2, and leftist former president Luiz Inácio Lula da Silva, commonly known as Lula, is getting over 50 percent of support. In addition to Mexico, Argentine, Chile, Peru and Columbia, another left-wing administration is about to launch in Brazil, too The left-wing wave in Latin America largely resulted from right-wing administrations’ failure to cope with the pandemic and the collapse of the middle class in the region. The middle class is the bastion of democracy. A country with a strong middle class … [Read more...] about A class above all others

Share to Twitter Share to Linkedin When the German government announced in late 2021 its plan to legalize recreational cannabis sales in Germany , experts and cannabis enthusiasts put great expectations on the so-called "traffic light" government's plan to regulate the industry. Although Germany and other European countries focused in recent months on the war in Ukraine following the Russian invasion in February and the resulting efforts to detach themselves from Russian energy dependence, German officials had time to speed up the process of legalizing recreational cannabis . The consultation process Commissioner for Addiction and Drug Issues Burkhard Blienert officially announced on July 13 the kickoff of the first of five expert hearings to prepare for the planned legislative process to legalize recreational cannabis. More than 200 leading German and international experts will exchange their views on the legalization. The planned … [Read more...] about Inside The Process To Legalize Recreational Cannabis In Germany