https://www.thewealthadvisor.com/article/technology-stocks-head-historic-wipeout-us-economy-cools — Technology Stocks Head for Historic Wipeout as US Economy Cools The Wealth Advisor Contributor Thu, 06/30/2022–10:01 Image (Bloomberg) — Skeptics have long made a sport of predicting that the decade-long rally in technology stocks was destined to reverse. At the halfway point of 2022, it seems like this is the…

https://www.thewealthadvisor.com/article/stick-fork-them-bed-bath-beyonds-recovery-hopes-fade — ‘Stick a Fork in Them’: Bed Bath & Beyond’s Recovery Hopes Fade The Wealth Advisor Contributor Thu, 06/30/2022–10:16 Image (Bloomberg) — Mark Tritton was supposed to be the savior for Bed Bath & Beyond Inc. — a hotshot executive from Target Corp. who knew how to charm customers with in-house…

https://www.thewealthadvisor.com/article/credit-markets-signal-caution-us-spreads-surge-past-key-level — Credit Markets Signal Caution as US Spreads Surge Past Key Level The Wealth Advisor Contributor Thu, 06/30/2022–10:24 Image (Bloomberg) — US investment-grade corporate bond spreads have breached a key 150 basis point threshold that analysts and investors say could start to disrupt the flow of credit. The figure, which measures…

https://www.thewealthadvisor.com/article/grayscale-suing-sec-after-its-spot-bitcoin-etf-rejected — Grayscale Suing SEC After Its Spot Bitcoin ETF Is Rejected The Wealth Advisor Contributor Thu, 06/30/2022–10:30 Image (Bloomberg) — Grayscale Investments said it had sued the US Securities and Exchange Commission after the agency rejected a bid to convert its Bitcoin trust into an exchange-traded fund. Chief Executive Officer Michael…

https://www.thewealthadvisor.com/article/60-year-wall-street-veteran-says-sp-500-will-sink-3100 — 60-Year Wall Street Veteran Says S&P 500 Will Sink to 3,100 The Wealth Advisor Contributor Thu, 06/30/2022–09:32 Image (Bloomberg) — Not many industry experts would shrug off a 35% drop for the S&P 500, but six-decade Wall Street veteran George Ball says a fall of that magnitude would be a…

https://www.thewealthadvisor.com/article/bonds-move-price-half-point-cut-after-fed-reaches-peak — Bonds Move to Price In a Half-Point Cut After Fed Reaches Peak The Wealth Advisor Contributor Thu, 06/30/2022–09:41 Image (Bloomberg) — The bond market on Wednesday shifted to price in a half-point rate cut in the Federal Reserve’s benchmark rate at some point in 2023, as traders upped their bets…

https://www.thewealthadvisor.com/article/bull-market-never-ended-analysts-wedded-100-price-rally-calls — Bull Market Never Ended for Analysts Wedded to 100% Price Rally Calls The Wealth Advisor Contributor Thu, 06/30/2022–08:48 Image (Bloomberg) — Whether it’s commendable courage or a refusal to face reality, a receding stock market tide has left Wall Street analysts sitting with price predictions that will take more than…

https://www.thewealthadvisor.com/article/chinese-professor-loses-24-billion-after-sensetime-slumps — Chinese Professor Loses $2.4 Billion After SenseTime Slumps The Wealth Advisor Contributor Thu, 06/30/2022–09:02 Image (Bloomberg) — A co-founder of SenseTime Group Inc. lost almost half of his fortune after shares of the artificial intelligence giant plummeted 47% on Thursday. Tang Xiao’ou, a Massachusetts Institute of Technology graduate and information…

https://www.thewealthadvisor.com/article/more-crypto-meltdowns-come-thanks-fed-mistakes-panteras-morehead-says — More Crypto ‘Meltdowns’ to Come Thanks to Fed Mistakes, Pantera’s Morehead Says The Wealth Advisor Contributor Thu, 06/30/2022–09:22 Image (Bloomberg) — The Federal Reserve has for too long made grievous mistakes, and the repercussions are now reverberating in the crypto world, where there’s likely to be more “major meltdowns” to…