Author - Sequoia Direct

Markets rally as earnings seasons kicks off in the US

24 Oct 2022 - Stocks climbed on Friday as Wall Street closed a volatile week on a high note despite some disappointing earnings reports. The move comes ahead of two big weeks of central bank policy decisions, and earnings. Next week we see earnings from 150 S&P500 companies including Microsoft, Meta, Amazon, General Motors & Coca Cola to name a few.

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Retail investors switching to cash: Tesla under pressure

21 Oct 2022 - Stocks fell in choppy trading on Thursday as investors weighed several key earnings reports and kept an eye on the bond market, where Treasury yields continue to climb.The selling pressure across the market appears to be coming from retail investors who are piling into cash, with nearly $140bn switched into retail money market funds so far in 2022.

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