The correction is meeting its first serious resistance — the buyers. The S&P 500 climbed for a second consecutive session on Monday, closing at 7,712 and adding 1.3% from Friday’s correction low of 7,659. The bounce has now recovered half of the two-day slide that knocked 2.4% off the index, and it has done so […]
Some market moves announce themselves with fireworks. Others accumulate so steadily that one day you look up and realize the whole landscape has changed. Sterling’s autumn belongs to the second category — and on Tuesday, it crossed a line that makes the move impossible to ignore. GBP/USD pushed to 1.3408 on Tuesday, its highest level […]
The range is starting to crack. Bitcoin pushed to $83,014 in Monday’s early trade — its highest price in two weeks — before settling back to $82,070. The $24 billion of volume behind the move is the strongest Monday session since the midweek record, and it arrives at a telling moment: exactly two weeks after […]
The S&P 500 opens the week at a crossroads, and the map is simpler than the headlines suggest. The index closed Friday at 7,659, down 2.4% from the October 6 record of 7,844, with the damage concentrated in two high-volume sessions on Wednesday and Thursday. Friday’s volume of 5.5 billion shares was the heaviest of […]
Gold isn’t waiting for anyone’s permission to rally. The metal opened the week at $4,185 and pushed to $4,211 in Monday’s early trade before settling at $4,187 — its fourth consecutive session above $4,100 and its strongest start to a week since the August peak. The $4,200 handle, which capped the metal through most of […]