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Stocks tick higher despite tapering talk; cryptos bounce after beating By Marc Jones Reuters LONDON (Reuters) - Europe’s stock markets saw a tentative rebound on Thursday and bitcoin bounced more than 10% after one of its spectacular smashes, though tapering talk from the U.S. Federal Reserve kept bond markets under pressure. After Wednesday's drama had seen the main cryptocurrencies shed almost a third of their value at one point and the STOXX 600 suffer one of its worst sell-offs of the year, traders were now watching a recovery unfold. [.EU] Bitcoin was up 9.5% at $40,265 having near...

World stocks generally up but cryptos still under pressure Most Read Most Read Most Read Most Read Most Read Most Read Most Read Most Read Most Read Most Read World stocks generally up but cryptos still under pressure Cryptocurrencies bounce back slightly after their crash earlier in the week, as the dollar stalls on talk of support tapering off 20 May 2021 - 11:56 Marc Jones A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange in London, Britain, in this October 1 2008 file photo. REUTERS/TOBY MELVILLE London — Europe�...

* Dollar stalls after tapering talk lift, Wall Street seen subdued

precisely where we are in the market cycle? The challenge, according to Ben Inker, head of Asset Allocation at GMO is that the United States has never had these levels of monetary and fiscal stimulus at the same time. This gives low risk assets lower return expectations, but sends high risk assets soaring. There are obvious signs of froth — Gamestop, Bitcoin, Tesla, et. al., but even “small cap value” caught a bid. Inker believes we are clearly in an asset bubble, which he blames on Fed policies. The legendary Boston-based institutional investment firm manages about $60 billion in ass...

10 Tuesday AM Reads My Two-for-Tuesday morning • Biden and the Fed Leave 1970s Inflation Fears Behind After years of dire inflation predictions that failed to pan out, the people who run fiscal and monetary policy in Washington have decided the risk of “overheating” the economy is much lower than the risk of failing to heat it up enough. (New York Times) see also Stop Stressing About Inflation Inflation is periodic, driven by specific events; Deflation is consistent, the background state of the modern economy. Scarcity and abundance act as the drivers of the pri...