Wall Street Today | SEC tells brokers to be 'vigilant' as volatility grips markets
Stocks, bonds pressured by concerns over inflation
Stocksand sovereign bonds remained under some pressure today as Russia's war in Ukraine and the risk of aggressive U.S. monetary-policy tightening to quell inflation sapped sentiment.
Shares were mixed in Japan and retreated in Australia and South Korea. U.S. contracts fluctuated following a drop in American shares that left the $NASDAQ 100 Index(.NDX.US$ in a bear market.
Global bonds extend rout as seven Fed hikes priced in for year
Australian bonds tumbled today to extend this week's global rout as investors anticipate the inflationary impacts of the war in Ukraine will spur aggressive monetary tightening across the developed world.
The yield on 10-year Australian notes jumped eight basis points to 2.53%, exceeding the high reached in the March 19 meltdown for the country's debt market.
Treasury yields rebound to new multiyear highs
Yields on U.S. government bonds have surged back to their highest levels since 2019, reflecting investors’ growing bets that Russia’s invation of Ukraine won’t slow the momentum toward higher interest rates.
The yield on the benchmark 10-year U.S. Treasury note settled at 2.139%, up from 2.004% Friday and its highest close since June 2019.
SEC tells brokers to be 'vigilant' as volatility grips markets
The SEC's trading and markets unit said in a statement on Monday that firms should have "strong" risk management practices in place and that concentrated positions of prime brokerage counterparties "pose particular concerns."
Wall Street's main regulator said that firms should stress test trading positions in light of “current events and potential market movements.” Financial markets have been experiencing wild price swings as investors grapple with rapidly-changing geopolitical developments following Russia’s invasion of Ukraine.
Apple just released a new update that lets you unlock your iPhone with a mask on
$Apple(AAPL.US$ released iOS 15.4 on Monday. Users can now download the update in their iPhone settings app.
The new software includes several features for existing iPhones, including the ability to unlock your iPhone while wearing a mask, new emojis and a service that allows iPhone users to accept credit card payments without additional hardware.
Google employees are becoming unhappy with pay, promotions and execution, survey results show
$Alphabet-A(GOOGL.US$’s annual employee surveys, internally called “Googlegeist,” show that a growing number of staffers don’t view their pay packages as fair or competitive with what they could make in a similar role elsewhere. They are also questioning their employer’s ability to execute.
The lowest scores across the board were in compensation and execution. The highest scores were in Google’s mission and values.
Netflix stock has now lost all its gains from the pandemic
On Monday, $Netflix(NFLX.US$’s shares fell more than 2% to around $332 each, a 52-week low. That’s more than 50% down from the company’s 52-week high of $700.99, which it hit in mid-November.
As the mandates dissipate, consumers are gravitating toward out-of-home entertainment like movie theaters, restaurants and theme parks. In its most recent earnings report, Netflix reported underwhelming subscriber numbers.
Lyft follows Uber in adding fuel surcharge for riders because of surging gas prices
Lyft follows Uber in adding fuel surcharge for riders because of surging gas prices
$Lyft Inc(LYFT.US$ said the fees will go to drivers, who are in charge of filling up their own tanks. The company did not provide further details on how much more riders can expect to pay. But rideshare drivers have become upset with the rising gas prices, which take away from their earnings. Some have called on $Uber Technologies(UBER.US$ and Lyft to ease the burden, while others have threatened to quit.
Source: Bloomberg, CNBC, WSJ
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ToDaMooMoon : SEC tells brokers to be 'vigilant' as volatility grips markets.
The SEC's trading and markets unit said in a statement on Monday that firms should have "strong" risk management practices in place and that concentrated positions of prime brokerage counterparties "pose particular concerns."
So are they warning insitutional holders that lend out shares for shorts or large banks that provide margin?
UNCLE ELON : SEC clearly you're government dog here. What do you mean by be vigilant and high risk management. Your team not doing single thing that's why the market crashed like nobody business. Do your fking thing and save the market not save those rich fker asses.
HereForTheTrades ToDaMooMoon: Margin risk to the downside. Longs doubling down on losing positions to break even.
UNCLE ELON : there's no fair and squaelre in US. US market is dead and stop putting money in US .
Bandidos : Beat Street Today /...
ToDaMooMoon HereForTheTrades: Especially dangerous times for firms on who borrowed on margin to engage in shorting. I'm not sad about that.
ToDaMooMoon UNCLE ELON: It seems almost like a "gentleman's" notice from the SEC to institutions.
Celestinel : High volume - Who else is bullish?
Aurelian : cup at 396 ish
M1ke1229 UNCLE ELON: leave USA out of your mouth!