
FINSUM
Walmart is Stretching its Legs in Fintech
(Atlanta)
Walmart (WMT) is synonymous with most consumers for their household products, but the retail giant is expanding its frontier of offerings…View the full article on our partner Magnifi’s site
Big Changes to Reg BI Likely Delayed by SEC
(Washington)
One big anxiety that has been on every broker’s mind since mid-January is: is the SEC going to be make Reg BI compliance tougher, or introduce something even worse? A lose-lose ...View the full story on our partner Magnifi’s site
Why Gold is Positioned for a Bull Run
(New York)
The price of gold has been in a slump after it reached all-time highs mid pandemic. A variety of micro and macro factors are melding to put this commodity in a major second rally ...View the full story on our partner Magnifi’s site
Why eSports and Gambling are a Great Buy Right Now
(New York)
Investors have had to recalibrate over the last couple of weeks as Reddit users and memes positioned themselves as players on the real-world financial stage. Related byproducts to the internet culture are growth in ... View the full story on our partner Magnifi’s site
Bond Market is a Powder Keg Waiting to Blow says Top Strategist
(New York)
The bond market is a powder keg that may have only started to explode, says ING. “The bond market has been sitting on a powder keg since last week. Attitude towards duration among fixed income investors has grown cautious, to put it mildly”, says Padhraic Garvey, regional head of research for the Americas at ING. “In this context, we do not blame investors for exiting at the first sign of a sell-off”, he continued.
FINSUM: Investors are currently terrified about inflation and it is hitting Treasury yields and tech stocks squarely on the chin. Our opinion is these fears are overblown and this is a market overreaction, especially as it regards tech stocks. These stocks are losing despite the fact that underlying fundamentals strongly favor the growth of tech earnings.