Equity markets are wobbling depending on the news from Russia-Ukraine dynamics. The market is largely news-driven on the backdrop of Fed Bullard hawkish stance on interest rate hikes.
Market participants are moving closer to the conclusion on the higher possibility of a 50 basis points rate hike in the coming March FOMC meeting. As a result, it is also likely that the 10-year treasury yield will move north to hit 2.25% this year.
The S&P 500 is about 8% off its high seen in early January and has struggled to maintain its bull momentum, while Nasdaq and Russell 2000 skid off to the correction and bear market territory, respectively.
💸Peleton : No sale in place?🏀
Shares of the company fell sharply on Monday after the new CEO signalled that there is unlikely to be any pursuit of a sale. He does not see the business to be acquired anything soon, and that time will be focused on the company’s growth.
Pika World is still exploring possible entry points, awaiting more information on the turnaround narrative.
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