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1247 days ago

Uber and Lyft are rallying pre-market after Californian’s vote to exempt them from state labor law
  • Voters were deciding on California’s Proposition 22, a ballot measure that Uber and Lyft were using as a last hope in the state to continue operating as they currently do. The companies had warned ahead of that any increased costs the decision would have been passed on to their customers. Uber jumps 13% while Lyft rallies 16% pre-market (source: CNBC). 
#Stocks
Uber jumps 13% while Lyft rallies 16% pre-market (source: CNBC). 

1247 days ago

Hedge Funds Net Leverage At New High

Hedge Funds have consistently been adding equity long risk over the past few months, i.e there is a lot of "year-end melt-up" hopes in hedge fund books - source: The Market Ear 

#Stocks
Chart: Global Prime gross (black) and net (blue) leverage

1247 days ago

Race to the White House is a very tight one as Bookies flip to Trump

BetFair Exchange has flipped its odds to Trump (65%) and Biden (37%)

#Stocks
Betfair odds

1248 days ago

Chart of the day: the S&P 500 continues to trade within a trading range

Is a double-bottom forming after a double-top? Source: The Market Ear, Refinitiv 

#Stocks
S&P 500 index

1248 days ago

Alibaba is testing the lower boundary of its ascending channel after Ant Group pulled the IPO earlier today

Alibaba stock (BABA) is down more than 6% on massive volume while there are still few hours of trading to go. China suspended Ant Group's $37 billion stock market listing on Tuesday, thwarting the world's largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers. Will eager Ant buyers move to Alibaba instead and thus support the stock? Source: The Market Ear, Refinitiv 

#Stocks
BABA chart
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