Representative image The Federal Reserve's determination to raise interest rates until it squashes the highest inflation in decades is darkening the outlook across Wall Street, as U.S. stocks stand on the cusp of a bear market and warnings of a recession grow louder. At issue is the so-called Fed put, or investors’ belief that the Fed will take action if stocks fall too deeply, even though it has no mandate to maintain asset prices. One oft-cited example of the phenomenon, which is named after a hedging derivative used to protect against market falls, occurred when the Fed halted a rate hiking cycle in early 2019 after a stock market tantrum. Also Read: Global stocks rebound despite unease over economy; dollar gains This time around, the Fed’s insistence that it will raise rates as high as needed to tame surging inflation has bolstered the argument that policymakers will be less sensitive to market volatility - threatening more pain for investors. read more A recent … [Read more...] about As bear market looms, battered Wall Street seeks elusive ‘Fed put’
Stock 23x bigger than netflix
IIFL Securities' Director, Sanjiv Bhasin believes that Indian markets offers great opportunities now (File photo) The Indian markets will soon bottom out and the “storm will pass in a week or 10 days”, according to Sanjiv Bhasin , director of IIFL Securities. “I think we are close to bottoming out and we may have already made the bottom at 15,700… from May 23 (Monday next week) we should be moving upwards,” said Bhasin in an interview with CNBC-TV18. He believes India “stands out in the crowd”. Also read: Market live blog on stocks that are driving the sentiment “Everything cannot be weighed against what is happening in the US and across the globe,” he said, adding that the stand-off between the country and Russia is hurting the former the most. Close “In this whole juggernaut of up and down volatility, I think Indian equities are still offering the best returns and opportunity to enter,” Bhasin said. In Asia, he believes the country and … [Read more...] about Indian markets should be moving upwards next week: IIFL’s Sanjiv Bhasin
Share to Twitter Share to Linkedin Rumors are spreading throughout the British media that the ousting of Prince Andrew, Duke of York, from his royal status began with a call from Prince Charles , his older brother and heir to the throne, to their 93-year-old mother, the Queen . “He has to leave” — he allegedly told her and she responded by issuing the order. As with so many things related to the British royals, the conversation has no official confirmation but that hasn’t stopped a new wave of speculation ranging from ‘it’s time to put an end to the useless monarchy’ to ‘it’s a purge and Charles is behind it’ to ‘it’s time for the queen to retire and finally give Prince Charles his chance.’ “Future historians may conclude that Prince Andrew’s defining achievement was to give the nation a new verb,” concluded Jamie Doward in The Guardian , referring to the world “de-royaled,” coined by historian Robert Lacey, who advises the Netflix series The … [Read more...] about British Monarchy In Transition: Is it Time For ‘King Charles’?
In the first episode of Netflix’s new series “Bake Squad,” Denver-based pastry chef Gonzo Jimenez sculpts a giant chocolate egg with an edible dragon hidden inside. Its sharp claws reach out from a hole in the surface, its beady eyes stare lifelike from within the shell, waiting to be cracked open and devoured. Filming for the series took place during the pandemic, a time when “the world needed something that was a little pick-me-up when it came to food and shows overall,” Jimenez said. “I think it clicked after the pandemic (started),” he added. “People want to indulge, and there’s nothing wrong with treating yourself.” The idea behind “Bake Squad,” according to Jimenez, is to combine the various talents of pastry chefs who appear like a team of “action heroes,” all responding to clients’ baking challenges with different dessert solutions. More than a competition, the show is meant to provide inspiration, a “la-la-land” version of real-life, Jimenez said. But that dragon … [Read more...] about 4 dessert destinations for you to discover in Denver right now