News Articles

It remains to be seen if the bleeding in the markets has been cauterized by last week's Market retreat as the deleveraging and the unwinding of speculative positions continued in the [pandemic/Tech centric stocks] Technology, Pharmaceutical, and Crypto space.

On Saturday the 22nd, Bitcoin [BTC], which trades 365 days a year 24/7, touched $34064 from early Friday mornings quote of $42000 as it was revealed Russia would not allow Crypto mining. As of this writing, it trades at $ 35895.

As of writing, there is some slight relief for global investors with the downgrading of Covid and its latest variant Omicron, although the WHO were quick to maintain a more cautious future outlook.

Asian share markets broke a five-day slide to edge higher at the close of trading on Thursday, January the 20th, but opened Friday the 21st in less optimistic mood as the Dow on Thursday made a 600-point reversal closing 313 points lower following disappointing subscription projections from Netflix and a sustained sell-off in the technology sector.

Credit Suisse [CS], Switzerland's second-largest bank after UBS, has endured more than ten years of disappointment, losses, and scandal, and shareholders have suffered accordingly.

The shares have shed 23% over the past year and now trade around 9.40 Swiss Francs [CHF] after the shock weekend announcement that forced the resignation of its recently appointed [9 months ago] CEO Sir Antonio Horta-Osorio.

Despite having perhaps, the most hermetically sealed borders of any country in the world since Covid erupted in Wuhan in late 2019, China officially opened its pre-game bubble for the Beijing 2022 Winter Olympics on Tuesday, January 4th.

The Olympics will commence with expected politically inspired CCP fanfare on February 4th. That is unless some rapidly developing Omicron variant throws the entire spectacle into chaos and disarray. Talk about an accident waiting to happen!