Month: October 2021

Stocks could see continued gains in a low-volatility environment if the market’s fear gauge breaks this key level

  • The stock market could still have more upside ahead if Wall Street’s fear gauge falls below a key technical level.
  • If the VIX undercuts 15, Katie Stockton of Fairlead Strategies expects a continued low-volatility environment for stocks, according to a Monday note.
  • The volatility index fell half a percent to the 15.34 level on Monday.

The stock market’s record-setting year could continue into year-end if Wall Street’s fear gauge falls below a key technical support level, Fairlead Strategies founder Katie Stockton said in a Monday note.

The CBOE Volatility index, known as the VIX, helps gauge the

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Black borrowers liken student loan debt to ‘Jim Crow,’ new study finds

The report, which focuses on the perspectives and life experiences of nearly 1,300 Black borrowers, likened the disparities to “Jim Crow.” Many respondents believed student loans were not set up to give Black Americans financial freedom and they disrupt their quality of life and mental health, according to the findings.

Some of the key findings from the study, “Jim Crow Debt, How Black Borrowers Experience Student Loans,” were that most Black borrowers do not believe student loans are “good debt.” They believe income-driven repayment plans are a lifetime debt sentence, limiting student loan debt cancellation harms Black borrowers the most, … Read More

Cryptocurrency Company Snared in SEC Dragnet Sues Regulator

A cryptocurrency developer who was handed two subpoenas as he walked inside a hotel last month won’t comply with the demands—and is instead suing the federal regulator that issued them.

Do Kwon, a South Korean citizen and resident, says the move by the Securities and Exchange Commission violated the agency’s rules and was designed either to embarrass him or to stir up media interest in its crackdown on the cryptocurrency market.

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ANZ profit soars on home loan boom, while ASX follows Wall Street down

The Australian share market has followed Wall Street down on Thursday, as inflation woes and commodity prices worry investors.

The ASX 200 had a shaky day on Wednesday, amid news that inflation was rising. It eventually ended flat.

The benchmark had lost 0.4 per cent on open but recovered some ground by midday.

It ended the day 0.3 per cent down.

The major losers include miners and other cyclical stocks, following a

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Job count down, earnings up on Wall Street

Earnings on Wall Street continued their good run, recording $31 billion in the first half of the year even as the industry continued to shed jobs at an increased pace, a report released Thursday by Comptroller Tom DiNapoli found. 

The health of the financial securities industry is key for what could be coming in the next New York state budget season given the outsized role the personal income tax and Wall Street have on the state’s overall economy. 

That makes DiNapoli’s updates on Wall Street and the industry a potentially key barometer for the state heading into the next several

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Individual investors may be running out of ‘firepower’ after diverging from ‘smart money’ stock-market investors, says Morgan Stanley

Individual investors remained strong buyers of stocks in recent weeks, diverging from the path taken by many institutions, as they helped push the stock market to a new high, according to a Morgan Stanley report.

The S&P 500 index has been resilient this year, with individual investors scooping up stocks during the “September swoon,” said Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, in a note Monday. Institutional investors tracked by the “Smart Money Flow Index” didn’t share their “enthusiasm,” she said, citing a chart showing their divergence.


MORGAN STANLEY REPORT DATED OCTOBER 25, 2021

“The Smart Money

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A city loan will help turn a triangular patch of Five Points into a 49-unit affordable condo complex

The for-sale units would be available for people making up to 80 percent of the area median income.

Kevin J. Beaty/Denverite

City lawmakers on Wednesday tentatively approved providing a loan to help pay for a 49-unit affordable condo complex in the Five Points neighborhood, which would develop an eight-story complex atop a narrow triangular plot.

Both Lead Housing Development Officer Adam Lyons and Councilmember Paul Kashmann called the Chestnut Place Condos an exciting project for the city.

It’s not hard to see why: Affordable for-sale complexes in Denver are relatively rare. The most recent example of a city-backed affordable condo

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Finance Committee approves bill to raise women’s retirement age to 65

The Finance Committee approved on Thursday the bill that will raise the retirement age for women to 65 gradually over the course of the next 11 years.

It will now move back to the Knesset floor for a second and third reading, after which, if it passes the vote, will become law.

While committee head Alex Kushnir (Yisrael Beytenu) and others praised the bill, Na’amat head Hagit Pe’er expressed criticism. She argued that the current format was better than previous versions but still will potentially harm the weakest women in society.

She deemed the bill’s purpose “correct at its foundation”

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ASX set to open lower as Wall Street wobbles

The Nasdaq edged up 0.12 points, or less than 0.1 per cent, to 15,235.84, and the Russell 2000 index of small companies took the heaviest losses, falling 43.58 points, or 1.9 per cent, to 2,252.49.

Long-term bond yields fell significantly and weighed down banks, which rely on higher yields to charge more lucrative interest on loans. The yield on the 10-year Treasury fell to 1.53 per cent from 1.61 per cent late Tuesday. JPMorgan Chase fell 2.1 per cent.

The yield on the 30-year Treasury fell below 2 per cent for the first time in a month to 1.96 per

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