A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September.
Day drinking, ‘Big Shot’ and billions of dollars: How the nickel market imploded
When a trade jumps by 250% over the course of days, investors typically pop bottles of champagne. Between Friday, March 4 and Tuesday March 8, nickel futures did just that — soaring on the London Metal Exchange from about $29,000 to $100,000 per ton. But the champagne remains corked, investors are threatening to sue and the LME is hemorrhaging business.
European stocks tepid, tracking global caution; Vestas up 10%
European markets were cautious on Tuesday as global investors sought a catalyst, with eyes on the Ukraine-Russia conflict and economic indicators.