Yields Fell in a Week When Inflation Surprised Upward, Because AI Is Now Big Enough to Outweigh It
The Nasdaq 100 shed 3%, bonds had their best week since February, and Fed communications turned the most hawkish since...
Mortgage Rates Have Risen 75 Basis Points in Eight Weeks, and Pending Sales Just Hit Their Lowest Since 2014
At 7.4% the rate is near its 45-year average. The speed of the move is what's doing the damage.
A Network Disruption in One New Jersey Facility Is Affecting Every Nasdaq US Equity Feed
Seven weeks before Nasdaq extends trading into a 9pm to 4am overnight session.
BofA Blamed Bond Trading on an 85 Basis Point Rate Move. Citi’s Fixed Income Desk Beat in the Same Quarter
A $750 million trading miss weeks after guiding to flat, and JPMorgan missed on both lines for the first time...
CoreWeave Borrowed at 9.625% and the Market Now Wants 14.8%, a 520 Basis Point Repricing
Chamath Palihapitiya's point is bigger than one company: lenders have been charging almost nothing extra for AI risk.
Schwab Raised the Minimum for These Tax Strategies From $1 Million to $10 Million, Then Said It Will Build Its Own
Goldman is paying $2.25 billion to acquire exposure to the same trade. Two firms, one IRS warning, opposite responses.
The IEA Will Finish a Release It Promised in March, and Crude Rose Anyway to $96.63
Europe declined to add more barrels. Washington wanted them, and did not formally ask.
Hike Odds Hit 50% After the Hot CPI Print, Then Fell to 29% as the AI Selloff Did the Tightening Instead
Gold up, copper down, yields down, bitcoin down 2%. A growth scare rather than a crypto story.
Ortega’s Family Office Buys a Chicago Tower for $550 Million, Funded by €3.2 Billion of Annual Dividends From One Company
Permanent capital with no fund life and no redemptions is buying trophy offices while leveraged buyers sit out.
Prosecutors Seized $300,000 Against Tens of Millions Stolen, and the Same Operators Called Victims Back Offering to Recover It
Crypto scams accounted for about 84% of the $8.65 billion in investment fraud reported to the FBI last year.
Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser