Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says

Oaktree’s Howard Marks is finding bargains.  ‘I am starting to behave aggressively,’ he says

A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us … Read more

Three Arrows Capital (3AC) faces deadline to repay loans or default

Three Arrows Capital (3AC) faces deadline to repay loans or default

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Three Arrows Capital, a crypto-focused hedge … Read more

Crypto crash: forced selling cools down; correlation with equities back in focus

Crypto crash: forced selling cools down;  correlation with equities back in focus

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

Russia’s ruble is at its strongest level in 7 years despite sanctions

Russia’s ruble is at its strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

Opinion: What Ben Bernanke and other bitcoin skeptics get wrong about crypto – even after this latest crash

Opinion: What Ben Bernanke and other bitcoin skeptics get wrong about crypto – even after this latest crash

Ben Bernanke, former chairman of the Federal Reserve, has been a vocal skeptic on bitcoin BTCUSD, -1.31%. He stated that the cryptocurrency has no underlying value and cannot act as a store of value, which renders it not credible as a currency. “If bitcoin were a substitute for fiat money, you could use bitcoin to … Read more

Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next

Crypto crash: forced selling cools down;  correlation with equities back in focus

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email … Read more

Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch

Crypto crash: What contagious risks could Celsius, Three Arrows pose?  Here’s what to watch

The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructuring attorneys to advise on possible solutions for its mounting financial problems, according to a Tuesday report by the Wall Street Journal. Meanwhile, rumors swirled over potential stress … Read more

As Bitcoin and Other Cryptos Fall, Digital-Asset Firms Pump Brakes on Deals

As Bitcoin and Other Cryptos Fall, Digital-Asset Firms Pump Brakes on Deals

Plunging cryptocurrency prices are starting to throw a wrench into the plans of firms that deal in bitcoin and related areas, amplifying the impact of an already brutal market retreat. Heading into 2022, crypto deal making was hot as companies sought to stake positions in an evolving industry. So far this year, there have been … Read more

In `fragile ‘financial markets ahead of Fed’s decision, some traders and strategists see risk of instant recession

In `fragile ‘financial markets ahead of Fed’s decision, some traders and strategists see risk of instant recession

Financial markets are on precarious footing since last Friday’s surprise reading on accelerating US inflation for May – with Treasurys, stocks, credit and currencies all exhibiting friction or tension ahead of the Federal Reserve’s interest-rate decision on Wednesday. According to strategist Ben Emons and trader Tom di Galoma, the process of transmitting monetary policy through … Read more

Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom

Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom

Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanley’s Mike Wilson, who can count some wins after pounding the table this year over a gloomy stock setup, told clients on … Read more