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2022-01-26 20:25:14 It’s Jerome Powell time — and one Wall Street bank warns the S&P 500 could fall another 20%. Goldman Sachs says the bull market will continue.

Markets have reeled since the Federal Reserve announced, through the release of the December minutes, that the central bank would like to take a big whack at its $9 trillion balance sheet rather than keep it at that lofty level. In just the last month, the S&P 500 SPX, -1.22% has dropped 9%, while the ARK Innovation ETF ARKK, -3.73%, a proxy for futuristic and largely unprofitable companies, has slumped 26%.

So the big question as Fed Chair Jerome Powell prepares to step in front of the microphone, is whether it’s time to buy the dip or not.

Arguing yes: London-based strategists at Goldman Sachs, led by Peter Oppenheimer. They concede returns will likely be low from here, but the bull market should continue so long as economies grow.

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2022-01-25 14:47:14 Meta’s AI Supercomputer to 'Pave the Way' Towards Building the Metaverse

Giant social media company Meta (previously Facebook) has unveiled its plans to build a powerful AI supercomputer, called the AI Research SuperCluster (RSC) — which Meta claims is already among the fastest such supercomputers in the world.

The company stated that this would be the fastest AI supercomputer in the world once completed by mid-2022.

According to Meta, RSC will be used to build AI models capable of learning from trillions of samples and working across different languages. The supercomputer will also develop new augmented reality tools to analyze text, images, and videos that can be used to detect hate speech and fake news on Facebook's family of apps.

The data collection becomes even more massive !

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2022-01-25 14:45:22 Goldman Sachs Sees the Metaverse as $8 Trillion Opportunity

Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion opportunity. Goldman Sachs’ analyst Eric Sheridan explained the bank’s metaverse prediction in a recent “Exchanges at Goldman Sachs” episode, titled “Understanding the metaverse and web 3.0.”

“We look at the digital economy today, which is roughly about 20%, 25% of the global economy … We see the digital economy continuing to grow, and on top of that we see a virtual economy that will grow within and alongside this digital economy,” the analyst described.

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2022-01-24 16:25:54 Key Events This Week: All Eyes on the Fed, Tech Titans Release Earnings

We get a plethora of data this week, including activity PMIs across the globe and GDP figures from Europe and the US. Geopolitical risks are rising as Russia-Ukraine tensions mount.

The highlight will be the Federal Reserve meeting on 26 January, sandwiched between key economic data releases and tech earnings.

Company earnings will be in focus with many investors hoping the releases stop the strong selloff we have seen in tech stocks and the broader US equity markets.

Anxiety over rising US interest rates has seen investors flee global stocks this year with the tech-heavy Nasdaq suffering its biggest slide since the pandemic rocked markets in March 2020.

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2022-01-24 16:16:37 Is the Market crashing? No.

As the stock market has convulsed lower and yields for bonds have surged in recent weeks, culminating in a so-called correction for the Nasdaq Composite Index, average Americans are wondering what’s amiss with Wall Street.

To be sure, the market isn’t crashing inasmuch as the term “crashing” is even a quantifiable market condition. Declines in stocks and other assets are sometimes described in hyperbolic terms that offer little real substance about the significance of the move.

Equity benchmarks are being substantially recalibrated from lofty heights as the economy heads into a new monetary-policy regime in the battle against the pandemic and surging inflation. On top of that, doubts about parts of the economy, and events outside of the country, such as China-U.S. relations, the Russia-Ukraine conflict, and Middle East unrest, are also contributing to a bearish, or pessimistic tone, for investors.

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2022-01-23 21:45:16 Low Volumes Across Crypto Spot Markets and Derivatives Indicate Bearish Conditions

Digital currency markets have slipped significantly in value during the last two weeks and the lower prices have not sparked higher trade volumes. Data shows cryptocurrency spot market volume has slipped from $1.4 trillion in November 2021, to this month’s $593 billion in volume. Bitcoin futures open interest and volumes have dropped considerably over the last two months as well.

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2022-01-23 17:21:41 Ireland's data centers are an economic lifeline. Environmentalists say they're wrecking the planet

In the west of Ireland lies a medieval market town, its roots steeped in legend. Beyond the labyrinth of narrow streets of the center are the chimney stacks of housing developments that still puff coal and peat. Past those homes, on the outskirts of Ennis, is an unremarkable but huge plot of land, nestled between a power station and farmland where cattle and sheep graze. This is where a mysterious company has applied to develop a new data center the size of 22 American football fields.

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2022-01-22 15:03:28 How to Interpret & Profit from the Risks of a Depreciation Cycle

The timing of the super-cycle in commodities and the incredible speculative rally in the US & Global markets over the past 4+ years is hard to ignore.

Even though these rallies are exciting and profitable when everything seems to be skyrocketing, traders need to continue focusing on the broader market cycles.

The next 5+ years could be very interesting for global traders and investors. Not only are major cycles aligning to present a potentially large global market price rotation, but global central banks have also played a major role in supercharging the speculative bobble phase of nearly all global assets over the past 10+ years. These events are unique because the planet has not seen anything like this in more than 85+ years.

Today, we will explore how these cycles align and how traders should prepare to profit from the potentially broad market cycles over the next 10+ years.

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2022-01-21 20:59:35 Amazon, Facebook set Washington Lobbying Spending Records

Big Tech Lobbying: Outlays come as Big Tech increasingly find itself in Washington’s cross hairs.

Amazon with its subsidiaries and Facebook’s parent company set records in their spending on Washington lobbying last year with outlays of at least M$20.3 and M$20.1, respectively, according to disclosures filed late Thursday and past filings aggregated by OpenSecrets.

The e-commerce giant AMZN, -3.81% and Meta Platforms FB, -2.34%, then known as Facebook, had set records in 2020 with their lobbying spending of just under and above M$19, and now their 2021 outlays have exceeded those totals.

Amazon and Meta rank as the leaders in lobbying spending among the country’s five biggest technology companies by market value, exceeding the other giants’ outlays. Alphabet parent Google GOOG, -0.71% GOOGL, -0.64% and its subsidiaries shelled out at least M$11.5 last year, Microsoft MSFT, -0.07% spent M$10.3, and Apple AAPL, -0.64% paid out M$ 6.5. Open / Comment

2022-01-21 19:04:51 US Fed Wants Answers To 22 Questions About Digital Dollar

The US Federal Reserve (Fed) has released its digital dollar whitepaper, and is seeking answers to 22 questions related to its central bank digital currency (CBDC) project from a wide range of stakeholders.

The Fed will move toward developing a CBDC only in the case that research "points to benefits for households, businesses, and the economy overall that exceed the downside risks, and indicates that CBDC is superior to alternative methods," the American central bank said in the report.

It added that the Fed would pursue a CBDC only "in the context of broad public and cross-governmental support."

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