All posts tagged: Selloff

Whatever You Do, Don’t Ignore Friday’s Selloff

Whatever You Do, Don’t Ignore Friday’s Selloff

Published by Jenni Sidey

Submitted by QTR’s Fringe Finance By 1PM Friday, the Nasdaq was already down roughly 3.3%, and suddenly the same crowd that spent the last few months explaining why valuations don’t matter is asking what is happening. Bitcoin has also been taken behind the woodshed, crashing to around $60,000. Depending on where you’re measuring from, that’s a brutal decline in a remarkably short period of time. It’s down about 42% over the last twelve months. And it’s becoming clear that bitcoin bulls all have breaking points. And I don’t want to sound like a d*ck, but frankly, none of this — the market tanking, or how it’s happening — is really surprising. I’ve written for years that I think crypto is the tip of the risk-on spear. It tends to be the first asset class investors pile into when liquidity is abundant, speculation is rampant, and everyone is convinced they’re smarter than the market. It’s also frequently the first thing to crack when risk appetite begins to fade. So I’m not terribly surprised that after bitcoin started …

Trump’s trip letdown, lack of Iran progress trigger sell-off

Trump’s trip letdown, lack of Iran progress trigger sell-off

Published by Sam Flores

Few deliverables from Beijing The moves in bonds, oil and stocks gained momentum as President Donald Trump and his top officials discussed their historic summit with Chinese officials in Beijing. So far, the trip does not appear to have resulted in many major business or trade deals, known as “deliverables” in diplomatic-speak. “Markets didn’t hear enough from Beijing to turn more optimistic on the [Persian] Gulf,” ING analysts wrote in a note to clients on Friday. Earlier in the week, tech stocks had rallied after Nvidia CEO Jensen Huang joined Trump’s trip to China on Tuesday evening at the last minute. Markets viewed Huang’s participation as a sign that U.S. export controls on China might be partially lifted. But those hopes were quickly dashed. “We did not talk about chip export controls at the meeting” between Trump and China’s President Xi Jinping, said U.S. Trade Representative Jamieson Greer on Bloomberg Television Thursday. President Donald Trump and Chinese President Xi Jinping tour Zhongnanhai Garden in Beijing on Friday.Evan Vucci / Getty Images Meanwhile, Trump himself said …

AI bubble watch: Spooked market sparks trillion tech sell-off

AI bubble watch: Spooked market sparks $1 trillion tech sell-off

Published by skeptic

Are investors already getting weary of tech’s golden goose, artificial intelligence? On Friday, tech stocks took a hit on Wall Street, and the underlying cause seems to be alarm over record AI infrastructure spending. Microsoft, Amazon, Alphabet, Nvidia, Amazon, Meta, and Oracle were among just some of the companies whose falling shares accounted for $1 trillion in losses from Big Tech stocks, as CNBC reported. Big tech companies like Amazon and Google have been furiously ramping up capital expenditures to build AI data centers and shifting focus to AI products and services.  The immediate spark for the Friday sell-off was the Amazon fourth-quarter earnings report. The e-commerce giant projected that its capital expenditures would reach $200 billion in 2026. CNBC reported that Amazon’s Capex figure was $50 billion higher than expected, and the stock market reacted accordingly. Speaking to CNBC, GAM Investments’ investment director Paul Markham explained why AI would affect these companies on the stock market. Mashable Light Speed “Questions over the extent of capex [capital expenditures] as a result of LLM build-outs, the …

Dip-buyers go missing as software selloff slams stocks

Dip-buyers go missing as software selloff slams stocks

Published by Sam Flores

NEW YORK, Feb 4 : The software sector’s deepening selloff on Wednesday failed to lure bargain hunters, with the dip-buying reflex that has rescued countless tech routs conspicuously absent. After a broad selloff on Tuesday that saw the S&P 500 software and services index fall nearly 4 per cent, the sector slipped another 1 per cent on Wednesday, down for a sixth-straight session, extending a decline that has shifted from AI optimism to disruption fears.  Unlike other recent market slides, where investors have been quick to snap up battered shares, the worst selloff in the sector since 2022, when rising rates hammered software stocks, invited few buyers. “In general, our customers have not been as eager to buy dips in software as they are for precious metals and semis,” Steve Sosnick, chief strategist at Interactive Brokers, said. “While it’s possible that our clients are buying dips in software, it is by no means in the forefront of their activity,” he said. Options traders also showed a lack of appetite for scooping up the battered software …

Futures Tumble As Plunging Metals And Bitcoin Spark Global Selloff, Margin Calls

Futures Tumble As Plunging Metals And Bitcoin Spark Global Selloff, Margin Calls

Published by Jenni Sidey

Stock futures slide extending Friday’s rout, although are well off session lows, with aggressive unwinds across commodities and a crypto rout adding to the risk-off mood and sparking cross-asset margin calls. As of 8:00am ET, S&P 500 futures are down 0.4%, rebounding from a drop of as much as 1% earlier; Nasdaq futures drop 0.8%, also trimming the drop by half, and lag with focus on AI concerns a key theme for pre-market trading. European stocks were weaker in early trade but have since returned to a positive footing, Stoxx 600 is up 0.2% and just a few points away from its all-time-high. Asian stocks retreated for a second session as risk-off sentiment dominated markets, with high-flying technology names and shares linked to precious metals leading an early selloff in a data-heavy week. The biggest action is in metals, with gold and silver extending sharp declines, though big declines are seen here. Oil fell with other commodities, with easing US-Iran tensions also contributing. Bitcoin plunged to a 10-month low in Asia trading as Korean Kamikaze piled on the short …