Posted on

Stock market: Prepare for more ‘extreme tails,’ strategist warns

Stock market: Prepare for more 'extreme tails,' strategist warns

Asset markets could see more extreme swings as investors adjust for a land of climbing interest rates and stubborn inflation, a market strategist said on Yahoo Finance Live (video above).

“We are starting to see after that Consumer Price Index [CPI] print, really really extreme tails [played in markets],” RBC Equity Derivatives Strategist Amy Wu Silverman said. “We’re talking 100-to-1 market down another leg, 10% to 15% start to be played, which was not the case a month ago. And I think you’re going to start to see more of that, because really: What do you do in this market? You either derisk, degross, or you have to place some sort of bet to protect yourself when potentially CPI surprises even more.”

Wu Silverman’s comments come as markets overlook the edge of cliff once again, triggered in part by a red-hot CPI reading last Friday that surged 8.6% in May from one year ago, the fastest increase since December 1981.

In turn, economists now expect the Federal Reserve to raise interest rates by 50 basis points at its policy meeting this week and signal further aggressive hikes to curb inflation into the end of the year.

By afternoon trading on Monday, markets were back to exhibiting violent swings as investors re-calibrate their growth outlooks.

Surfer Cole Clisby falls while taking part in his surf P.E. class for his high school in Cardiff, California February 12, 2015.   REUTERS/Mike Blake  (UNITED STATES - Tags: SOCIETY ENVIRONMENT)

Surfer Cole Clisby falls while taking part in his surf P.E. class for his high school in Cardiff, California February 12, 2015. REUTERS/Mike Blake

The Dow Jones Industrial Average fell more than 600 points, while the S&P 500, Nasdaq Composite and Russell 2000 were all deeply in the red. The VIX Index — a measure of market volatility known as Wall Streets fear gauge — has gained 10 point since the middle of last week.

Bitcoin prices also tanked below $25,000 in the broader flight to safety. Shares of crypto-centric stocks such as Coinbase and Microstrategy were also rocked.

Wu Silverman suggests getting creative with one’s trades in this type of rocky environment.

“One thing we have recommended specifically is to look at put spreads,” Wu Silverman says, adding that a potential port strike in July is intriguing as that would likely fuel more bad inflation readings.

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

Read the latest financial and business news from Yahoo Finance

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and YouTube

Posted on

Liberty Helps Business Owners Financially Prepare for Unexpected Events

Liberty Helps Business Owners Financially Prepare for Unexpected Events

Business Loans

Business Loans

Business Loans

MELBOURNE, Australia, May 09, 2022 (GLOBE NEWSWIRE) — With SMEs facing many hurdles during the past two years, Liberty says exploring flexible business loans can help business owners prepare for future unexpected events.

From cyberattacks to supply chain disruptions, labour shortages and a global pandemic, Australian SMEs have dealt with various unforeseen issues affecting their operations.

While optimism is growing among business owners currently rebounding from these difficulties, attention should now turn to longer-term planning and preparation.

Securing fast access to funding through a business loan ahead of time can provide businesses with an extra cash buffer when the unexpected happens.

For non-bank lender Liberty, helping business owners actively prepare for the future with the right finance solution is an important part of their service.

Liberty’s Head of Consumer Communications, Heidi Armstrong, said: “With help from specialist lenders such as Liberty, Australian small businesses have greater opportunities to return to full strength and achieve their goals.”

Adopting a personalised approach allows Liberty to provide tailored solutions suited to the unique needs and circumstances of each business owner.

While many businesses are still seeking traditional business loans, Liberty says line of credit facilities are an increasingly popular solution for SMEs thanks to their flexibility.

Liberty Access is the lender’s own line of credit business loan designed to help businesses gain the credit they need to grow, seize new opportunities and succeed. Unlike other business loans, Access only sees interest charged on the amount used.

Common uses for line of credit facilities such as Liberty Access include paying staff wages, covering invoices, buying urgent stock and paying suppliers.

Liberty also offers interest-only options and business loans without mortgage security requirements. And, with fast turnaround times, Liberty is well-equipped to support business customers to gain funds when required.

Even those with a less-than-perfect business credit score are encouraged to speak with a Liberty Adviser for help to find a solution that matches their needs. There may be more options available than first thought.

Approved applicants only. Lending criteria apply. Fees and charges are payable. Liberty Financial Pty Ltd ACN 077 248 983 and Secure Funding Pty Ltd ABN 25 081 982 872 Australian Credit Licence 388133, together trading as Liberty Financial.

Contact
Heidi Armstrong
Group Manager – Consumer Communications
P: +61 3 8635 8888
E: mediaenquiries@liberty.com.au

Related Images

Image 1: Business Loans

Business Loans

This content was issued through the press release distribution service at Newswire.com.

Attachment

Posted on

Liberty Helps Business Owners Financially Prepare for Unexpected Events

Liberty Helps Business Owners Financially Prepare for Unexpected Events

MELBOURNE, Australia, May 09, 2022 (GLOBE NEWSWIRE) — With SMEs facing many hurdles during the past two years, Liberty says exploring flexible business loans can help business owners prepare for future unexpected events.

From cyberattacks to supply chain disruptions, labour shortages and a global pandemic, Australian SMEs have dealt with various unforeseen issues affecting their operations.

While optimism is growing among business owners currently rebounding from these difficulties, attention should now turn to longer-term planning and preparation.

Securing fast access to funding through a business loan ahead of time can provide businesses with an extra cash buffer when the unexpected happens.

For non-bank lender Liberty, helping business owners actively prepare for the future with the right finance solution is an important part of their service.

Liberty’s Head of Consumer Communications, Heidi Armstrong, said: “With help from specialist lenders such as Liberty, Australian small businesses have greater opportunities to return to full strength and achieve their goals.”

Adopting a personalised approach allows Liberty to provide tailored solutions suited to the unique needs and circumstances of each business owner.

While many businesses are still seeking traditional business loans, Liberty says line of credit facilities are an increasingly popular solution for SMEs thanks to their flexibility.

Liberty Access is the lender’s own line of credit business loan designed to help businesses gain the credit they need to grow, seize new opportunities and succeed. Unlike other business loans, Access only sees interest charged on the amount used.

Common uses for line of credit facilities such as Liberty Access include paying staff wages, covering invoices, buying urgent stock and paying suppliers.

Liberty also offers interest-only options and business loans without mortgage security requirements. And, with fast turnaround times, Liberty is well-equipped to support business customers to gain funds when required.

Even those with a less-than-perfect business credit score are encouraged to speak with a Liberty Adviser for help to find a solution that matches their needs. There may be more options available than first thought.

Approved applicants only. Lending criteria apply. Fees and charges are payable. Liberty Financial Pty Ltd ACN 077 248 983 and Secure Funding Pty Ltd ABN 25 081 982 872 Australian Credit Licence 388133, together trading as Liberty Financial. 

Contact
Heidi Armstrong
Group Manager – Consumer Communications
P: +61 3 8635 8888
E: mediaenquiries@liberty.com.au

Related Images

Image 1: Business Loans

Business Loans

This content was issued through the press release distribution service at Newswire.com.

Posted on

SNAPSHOT: Entertainment Tech students help Proctors prepare for events

SNAPSHOT: Entertainment Tech students help Proctors prepare for events

Students in the Entertainment Tech program recently worked hand-in-hand with experts from Proctors in preparing for events at the famed, historic theater. The seniors and juniors hung rigged panels, “drops” and lights for an Albany Symphony Orchestra concert and other events that are took place at the Schenectady venue. (Photo provided)

Posted on

Novak Djokovic to prepare for major events in Bosnian Archaeological Park

Novak Djokovic to prepare for major events in Bosnian Archaeological Park

The Bosnian Pyramid of the Sun founder Semir Osmanagic has revealed the Archaeological Park in Visoko will be getting two tennis courts as they want to give Novak Djokovic a place to prepare for some of the biggest events in the world.

Djokovic, a 20-time Grand Slam champion, has become a regular guest at the Archaeological Park in Visoko and the plan is to give the world No. 1 a place to relax and train when he comes to Bosnia with his family next time.

Djokovic has been several times to the Archaeological Park since the start of the pandemic as that’s the place where he likes to come and recharge his batteries. The Archaeological Park in Visoko will be getting two courts – a clay and a hard court – and the people from the Novak Tennis Center are helping in the construction of tennis courts in Visoko.

Osmanagic revealed the courts will be suited to the conditions similar to the ones at the French Open and US Open.

Osmanagic: Djokovic can now come to Visoko and prepare for tournaments

“We are creating a regional center for tennis players’ preparations, and we expect the best tennis player in the world and our best ambassador Novak Djokovic to be our most frequent guest here.

So far, he has come several times, stayed for a few days and returned to training in other places, and when this center is finished, Novak will be able to come to Visoko with his entire team and spend 10-15 days preparing for tournaments and challenges that await him,” Osmanagic told Bosnian news outlet Avaz.

The opening ceremony of the tennis courts is scheduled for July 13. According to Osmanagic, the plan is to have Djokovic clash another tennis star in Visoko. “We expect the opening on July 13 this year, and the courts should be opened by Novak Djokovic, in a match with another famous world tennis name that will remain a surprise,” Osmanagic revealed.

Posted on

N. Korea mobilizes students in Pyongyang to prepare for Apr. 15 events – Daily NK

N. Korea mobilizes students in Pyongyang to prepare for Apr. 15 events - Daily NK
Statues of Kim Jong Il and Kim Il Sung
Statues of Kim Il Sung and Kim Jong Il in Pyongyang. (Rodong Sinmun)

North Korea is mobilizing students in Pyongyang to prepare for political events to mark the 110th birthday of late national founder Kim Il Sung on Apr. 15. In fact, the country’s education ministry recently issued an administrative order to schools in Pyongyang to “suspend classes.”

A source in Pyongyang said the education ministry issued the order on Apr. 9 to the administrative departments of universities and general higher-level middle schools (high schools) in Pyongyang. The order suspended classes from Apr. 11, and called on students to focus on practicing for holiday political events from 7 AM to 7 PM. 

According to the source, Pyongyang’s adult and student populations have been preparing for events in downtown areas and empty areas of the city since last month. University students and high school students had been going to school in the morning, leaving in the afternoon to practice for the events until 9 PM. 

However, the order — issued just a few days before the “Day of the Sun,” as Kim’s birthday is called — suspended classes from Apr. 11 so students could practice the entire “flow” of the events, training for 12 hours a day. This means students are spending all day training for the events, just like adults are.

The source said Pyongyang residents and students are leaving home early to practice, bringing their lunch with them. They train until the evening, and only when they finish can they return home.

That the authorities have suspended classes and fully mobilized students for event training — in contrast to the holiday celebrating late North Korean leader Kim Jong Il’s birthday on Feb. 16 — shows North Korea’s intention to use them in the finale of this year’s political events to celebrate the 110th birthday of Kim Il Sung.

However, the education ministry reportedly excluded graduate students, undergraduate honor roll students, and students from high schools for the gifted from the preparations for the events.

The ministry said the order “temporarily adjusted class hours” to ensure the events marked the “greatest holiday of the Korean people” with “great political passion.” It also issued another order directing that schools make up the progress missed due to event training after the holiday.

In particular, North Korean authorities — concerned about the risk of COVID-19 spreading as people congregate to prepare for the event — are imploring students mobilized for the training to adhere to quarantine rules and health management through the same “five-minute quarantine education” protocol they follow at school (where teachers explain disease control measures in the five minutes before classes start).

Many Pyongyang residents are criticizing the authorities for mobilizing university and high school students, as if mobilizing the adults all day for training was not bad enough. They also complain that in times like this, “people in the provinces [areas outside of Pyongyang] have it easier.”

Please direct any comments or questions about this article to dailynkenglish@uni-media.net.

Read in Korean

Posted on

Organizers prepare for major Central Coast events | News Channel 3-12

Organizers prepare for major Central Coast events | News Channel 3-12

SANTA MARIA, Calif. – Organizers are preparing for the Lompoc Flower Festival, the Mid-State Fair, and other major Central Coast events.

Despite two years of cancellations and modifications due to COVID, organizers are excited for local events kicking off in the coming months. 

“All hands on deck,” said Santa Maria Fairpark Spokeswoman Rebecca Barks. “All of our staff are on full speed for the strawberry festival.”

The first  is the Strawberry Festival right around the corner. 

As usual it’s at the Santa Maria Fairpark where the plan is for a “normal” event. 

That includes other events like the County Fair.

“We’re actually looking at being able to announce pretty soon here our entertainment for the county fair,” said Barks.

The Lompoc Flower Festival is another event but it won’t be quite like before. 

That event’s organizers have challenges as many flower businesses went under due to covid. 

“We didn’t do anything for 2 years and trying to reconstruct it, I feel like this is the first one,” said Lompoc Flower Festival organizer Ben Contreras.

So, no Lompoc Flower Parade due to financial burdens. 

But there will be a carnival. 

“Everything has been very difficult,” said Contreras. “Especially with no sizable income coming in for the last two year. We are lucky we are getting to a point where there will be a flower festival.”

Up at the Mid-State Fair, plans are underway for a normal event. 

“Last year it was different, but we were under different times,” said Mid-State Fair spokesman Tom Keffury. “So we’re planning right now as our 2020 theme says ‘full steam ahead.’ That’s the way we are planning and we are looking forward to a normal, regular fun fair.”

Organizers say they will continue to follow the COVID state guidelines as the virus is unpredictable.