The scare earlier today came on talk of House Republicans rejecting Senate negotiations. Now that we have the details, the sides look close enough to breach the gap before the US defaults.
Stocks have turned positive and USD/JPY is testing the Asian high of 98.70. More offers are rumored at 98.80 with stops above more offers, from exporters at 99.00 and more stops above.
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Bond yields spike, risking equities. Nvidia & retail earnings loom after a record week. Inflation fears persist.
GOOGL's 46% surge hits new highs. At 30.9x P/E, is it overvalued or still a buy?
UK asking prices rose 1.2% in May, above seasonal norms, while a separate survey showed British employer confidence near record lows with pay awards set to lag inflation.
CPB's 35% drop & 9.5x P/E look cheap, but shrinking volume & EPS signal risk.
Former poker champion Annie Duke warns investors are confusing luck with skill, falling into paralysis, and misreading outcomes as good decisions in volatile markets.
Bond yields surge, sparking equity market jitters. Nvidia & retail earnings loom. Watch inflation signals!
Berkshire triples GOOG stake. GOOG revenue up 22%, cloud surges 63%. Valuation at P/E 30, but capex rising.
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