Good morning, Bull Sheeters. Tech stocks are leading the way this morning, sending U.S. futures mostly higher, and lifting global stocks, too. It’s a big earnings week for Big Tech with one half of the FAANGM sextet reporting in the coming days. In today’s essay, I look at the bubbly trade in penny and loss-making […]
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Happy Friday, Bull Sheeters. A risk-off mood has descended over markets as COVID worries intensify. From Tokyo to Frankfurt, there’s red on the screens, and U.S. futures aren’t doing much better. […]
Good morning. It may have been a somewhat subdued, socially-distanced affair in Washington yesterday—LOWEST. INAUGURATION.TURNOUT. IN. MEMORY!, someone somewhere no doubt tweeted—but investors were out there, popping champagne corks. U.S. equities hit record highs on Wednesday, and today global stocks continue to rally today. Alas, Bitcoin continues to slump. Let’s see where investors are putting […]
Good morning, Bull Sheeters! The 46th president of the United States will be sworn in today, and the mood in the markets is upbeat. Cautiously upbeat. The source of investor exuberance is coming more from Wall Street than Washington, it must be said. A host of earnings beats from the likes of Netflix, Goldman Sachs […]
Good morning, and welcome back! After a weak showing last week, U.S. futures and global stocks are moving higher this morning as we head into a busy stretch for corporate earnings. Below, I offer a primer on what to look for. Oh, and Postscript is back. Reader warning: it involves food. But first, let’s see […]
Happy Friday, Bull Sheeters. There’s plenty of red on the screen this morning. That’s despite a flurry of headlines which the markets of yesteryear would’ve swooned over: President-elect Joe Biden plans to ask Congress for a new $1.9 trillion stimulus spending plan and Fed Chief Jerome Powell wants you to know lower-for-longer is here to […]
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning, Bull Sheeters. Stocks and futures are little changed on Thursday despite reports the incoming Biden administration is planning a fresh round of stimulus spending, this one carrying a $2 […]
Good morning. There’s little oxygen in these markets. Stocks are barely budging again on Wednesday as investors look ahead to the upcoming slate of earnings calls (Big Finance kick things off tomorrow) to see if this recovery trade has legs. In the meantime, all eyes are on Washington. Here’s the latest from the nation’s capital: […]
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. U.S. futures are slightly higher today, but political risk hangs over the markets with the Democrats determined to push President Trump out of office before next week’s Biden inauguration, […]
This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. If you were expecting a bit of a reprieve in the news flow this week, forget it. House Speaker Nancy Pelosi is laying down an ultimatum to Vice President […]