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Metals Haven’t Crashed This Hard Since the Great Recession

Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s crisis froze London trading for four years.

Crypto Stocks Show Why They’re Among the Riskiest of Risk Assets

Crypto curious stock investors are taking little comfort in the rebound in the shares of companies linked to the digital-asset world in the past week, with the sector underperforming just about every other risky corner of the financial markets this year by a wide margin.

Powell’s Path to 2% Inflation Needs Luck or, Failing That, Pain

Federal Reserve Chair Jerome Powell sees two possible paths for the economy and monetary policy over the next year: With some luck, inflation will cool with the help of more supply. And if that fails, the Fed won’t hesitate to impose a more painful solution.

Market Is Shredding All the Time-Tested Ways to Chart Its Course

Options insurance. Hedging with Treasuries. Using sentiment to pick a bottom. The things that have lessened the pain of past equity selloffs are coming up short this time around.

Fed Dove Daly Joins Officials Open to 75 Basis-Point July Hike

Another Federal Reserve official has lined up with those who favor following last week’s 75 basis-point interest-rate increase with the same again next month to curb rampant inflation.

Miner Capitulation Means Bitcoin Bottom Is Near

A major “capitulation event” in which Bitcoin miners funnel thousands of tokens to exchanges could signal an approaching bottom for the world’s largest cryptocurrency, if history is any guide.

Sorry Elon Musk. Hyundai Is Quietly Dominating the EV Race

Pipe down for a second Elon, the hottest things in the auto industry — the most electric electrics — now come from Hyundai Motor Co. and Kia Corp.

Bond Traders Are Reading the Federal Reserve Wrong Again

It may be a cliché, but the phrase “don’t fight the Fed” worked well for investors during the long period when the US central bank was suppressing interest rates and seeking to boost asset prices. This year, not so much.

Oil Rallies After a Reading on Inflation Expectations Eased

Oil jumped after a reading on US consumer inflation expectations was revised lower, adding optimism to crude’s demand outlook.

Remote Work Could Save Firms $206 Billion and Ease Pressure on the Fed

The rise of remote work could make the Federal Reserve’s task of taming inflation a bit easier, while saving employers more than $200 billion, according to new research.

Banks Ace Fed Stress Tests, Pave Way for Shareholder Payouts

Wall Street’s biggest banks are set to return tens of billions of dollars to investors after all the lenders passed the Federal Reserve’s annual test of their ability to withstand market turmoil.

Sales of New US Homes Jumped in May, Marking First Gain This Year

Sales of new US homes jumped in May, reflecting gains in the West and South and interrupting a months-long skid as the residential real estate market adjusts to rising borrowing costs and still-elevated prices.

Global Commodity Shock Enters Next Phase With Recession Test

Commodities will get intense scrutiny for the rest of 2022 after a first-half dominated by the supply turmoil and inflationary shocks unleashed by Russia’s attack on Ukraine. Here, we look at what the rest of the year holds for raw materials from crude oil and natural gas to grains, gold, and iron ore.

Night Moves: Is the Overnight Drift the Grandmother of All Market Anomalies?

If finance could be distilled into one idea, it likely would be that there should be a tradeoff between risk and reward: an investment with low risk should have a low expected return, while one that could make you rich should also be one that could lose you a lot of money. The Overnight Effect flies in the face of this core tenet.

Putin’s Mask is Off. Europe is Next

When Putin started the war, he tried to shift the blame to NATO, calling it the instigator. He argued that Russia had no choice but to defensively launch the war to prevent NATO from surrounding Russia from all sides. A few days ago, Putin finally lifted his veil of pretense: this is a war of conquest.