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Melvin Capital's assets stood at $7.8 billion at the end of April. According to a person familiar with the fund's finances, the fund lost 23% in the first four months of 2022.  Melvin Capital, once one of Wall Street's most…

 Equity According to BofA, the equity wipeout has triggered a 'contrarian buy signal.' Bank of America's 'Bull & Bear' indicator drops to "unambiguous contrarian buy" This is primarily regarded as a sentiment indicator, but it suggests that market bearishness is…

According to traders familiar with the matter, gold at the BOE has recently traded as much as a dollar an ounce below benchmark London prices. According to one of the traders, such a large discount usually indicates a large institution,…

As of Thursday morning in Europe, the euro was hovering around $1.05, after falling steadily for nearly a year, from around $1.22 in June. Earlier this week, the common currency fell to just above $1.03. For the first time in 20…

HSBC  HSBC lowered its S&P 500 year-end target to 4,450 from 4,900 previously. Another of the subsequent calls/revisions to the equity outlook Their previous request for 4,900 people was made on January 10, so it predates the Russia-Ukraine conflict and…