All articles tagged with #correction
The New Orleans Police Department issued a correction about the Krewe of Thoth incident, clarifying that riders on Float 32 were throwing items aggressively at a civilian paradegoer holding an anti-ICE sign, not at federal agents. The investigation is ongoing, no arrests have been made, and the NOPD is coordinating with the Krewe of Thoth. City leaders reiterate that aggressive behavior at parades will not be tolerated.
A leading market strategist warns that major indices are very close to a significant correction in the coming weeks, citing exhausted rallies, fading leadership among large-cap tech (the Magnificent 7), and a rotation away from growth into metals and other trends, while longer-term trends remain bullish but vulnerable to a sharp sell-off.
Wall Street CEOs warn of a potential 10%+ market correction within the next 12-24 months, citing high valuations and geopolitical risks, but see such pullbacks as healthy for market cycles, with strong earnings and active global markets supporting investor risk appetite.
A 2018 study claiming evidence of Majorana quasiparticles has been extensively corrected after scrutiny, but critics argue the data remains insufficient, fueling ongoing debate in the quantum physics community.
Several Wall Street firms, including Morgan Stanley, warn that the S&P 500 could decline by up to 10-15% due to factors like tariffs and seasonal trends, following a significant rally since April.
Bitcoin's recent surge to near $100,000 has raised concerns about potential overheating, with key indicators suggesting caution. The Relative Strength Index (RSI) indicates overbought conditions, while the Spent Output Profit Ratio (SOPR) shows increased profit-taking. Additionally, rising Funding Rates suggest an overleveraged market, reminiscent of past peaks. These factors point to a possible market correction, which could stabilize Bitcoin's growth trajectory.
The article was removed on 24 May 2024 due to containing incorrect information.
The author presents a neutral outlook on the SPDR® S&P 500 ETF Trust (SPY), expressing concerns about the growing discrepancy between real interest rates and the upward trend of the SPY. They suggest that a correction in the market may be imminent, possibly reaching 10-20%, due to the overheated and overbought status. The author emphasizes that this is not an attempt to time the market and does not encourage shorting the SPY, but rather provides food for thought. They also discuss the impact of 10-year treasuries on the stock market and the potential scenarios that could unfold in relation to real interest rates.
Lyft's shares surged by as much as 67% after the company mistakenly projected a 500 basis point expansion in its margins, only to later correct the estimate to 50 basis points, attributing the error to a "clerical error." The correction led to a significant reversal in share price, with analysts describing the incident as a "debacle mistake" and a "black eye moment" for the company. CEO David Risher took responsibility for the error, acknowledging it as a "bad error," while also expressing relief that the mistake was caught quickly. Despite the correction, Lyft's earnings report still exceeded expectations, leading to a 30% increase in share price.
"Ted Lasso" star Hannah Waddingham corrected Laverne Cox for mispronouncing her name during the "Live From E! Countdown to the Emmys" show, emphasizing the correct pronunciation before continuing with the interview. Waddingham, nominated for Outstanding Supporting Actress in a Comedy Series, previously won in the same category for the show's first season. "Ted Lasso" received a total of 17 Emmy nominations this year and has already won in two categories at the Creative Arts Emmys.
The New York Times issued a correction after misquoting Hunter Biden's comments about his father's financial involvement in his business dealings. Hunter clarified during a press conference that his father was not financially involved, but the Times initially misquoted him. The misquotation is significant given the scrutiny surrounding Hunter's language. The White House and Joe Biden have consistently denied any financial involvement or discussions about business dealings, despite evidence presented by House Republicans. Former Times opinion editor James Bennet recently criticized the newspaper, claiming it has shifted from liberal bias to illiberal bias and has lost its way.
Cryptocurrency analyst Justin Bennett predicts that Bitcoin could experience one more upward move before undergoing a corrective phase, with a target range of $46,000-$48,000. He emphasizes that $30,000 is a crucial support level. Bennett also suggests that Ethereum may rally further, targeting $2,500, but expects a correction from that level. Ethereum is currently trading at $2,356.
Co-host Sunny Hostin of "The View" issued an on-air correction after mischaracterizing a report about House Speaker Mike Johnson's use of an app to discourage his son from viewing pornography. Hostin initially suggested that Johnson and his son were both aware of each other using porn, while endorsing biblical morality in politics. However, she later acknowledged her mistake and clarified that Johnson and his son were accountability partners in preventing porn viewing. The Rolling Stone article still criticized Johnson's approach as "creepy."
The S&P 500 has fallen into a correction, losing 10% from its summer peak, as concerns over the global economic recovery and the impact of the Delta variant continue to weigh on investor sentiment. The stock market's decline reflects increased market volatility and uncertainty, with investors closely monitoring economic data and corporate earnings reports for signs of a potential slowdown.
CNBC's Jim Cramer advises investors to understand key Wall Street terms such as correction, rotation, and execution. He explains that corrections are natural and stocks can bounce back after a decline. Cramer suggests diversifying portfolios to minimize losses during rotations, where money flows out of one sector and into another. He also emphasizes the importance of execution, referring to a company's ability to follow through with its plans. Cramer recommends investing in "best of breed" stocks with proven management teams.