Monthly Archives - November 2022

Behind the market rally, Tesla may be struggling in China

14 Nov 2022 - The gyrations Elon Musk is engaging in at Twitter to save his US$44 billion investment appears to be far more important to stock market sentiment than the continuing implosion of the crypto world. As Elon Musk struggles to contain his growing losses at Twitter, Tesla’s struggles in China are raising questions about the revenue and earnings stability of the EV making giant.

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Markets fly after CPI data: Crypto industry on the precipice

11 Nov 2022 - Stocks surged after October’s reading of consumer prices raised investor hopes that inflation has peaked.With today’s CPI number coming down, the market is now betting pretty clearly that they think the interest rate rises are coming close to an end. The move in the S&P was the biggest move on a day ever following CPI data

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US midterm election results hit markets as the red wave fails to materialise

10 Nov 2022 - All eyes were on the midterm US election results overnight as Joe Biden and the Democrats have avoided sweeping defeats but still risk losing control of Congress to the Republicans after election results showed Americans are unwilling to hand a strong political mandate to either party. With election results uncertain, the red wave that investors and betting markets expected did not materialise causing the market sell off.

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