Jerry Lin
The Latest
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Chinese Stock Rally Triggers $7 Billion Loss for U.S. Short Sellers
The recent rally in Chinese stocks, driven by Beijing's aggressive stimulus measures, has inflicted significant losses on traders who bet against U.S.-listed Chinese companies. According to a report by S3 Partners, short sellers have faced a staggering $6.9 billion in mark-to-market losses as Chinese equities have surged in recent weeks. 
The recent rally in Chinese stocks, driven by Beijing's aggressive stimulus measures, has inflicted significant losses on traders who bet against U.S.-listed Chinese companies. According to a report by S3 Partners, short sellers have faced a staggering $6.9 billion in mark-to-market losses as Chinese equities have surged in recent weeks. -
Gold Pauses After Rally as Markets Await U.S. Economic Data
Gold prices took a breather on Wednesday, pulling back slightly after a rally driven by escalating tensions in the Middle East. 
Gold prices took a breather on Wednesday, pulling back slightly after a rally driven by escalating tensions in the Middle East. -
Gold Prices Surge Amid Geopolitical Tensions and Crumbling Physical Demand
Gold prices have reached unprecedented heights, climbing over 1% in response to escalating geopolitical tensions in the Middle East, specifically fears of an imminent ballistic missile attack from Iran on Israel. Spot gold soared to $2,661.99 per ounce, just shy of its record high of $2,685.42 reached on September 26. 
Gold prices have reached unprecedented heights, climbing over 1% in response to escalating geopolitical tensions in the Middle East, specifically fears of an imminent ballistic missile attack from Iran on Israel. Spot gold soared to $2,661.99 per ounce, just shy of its record high of $2,685.42 reached on September 26. -
Dollar Gains Ground as Powell Signals Caution on Rate Cuts, Yen Steadies Amid Political Shift
The U.S. dollar strengthened broadly on Tuesday as Federal Reserve Chair Jerome Powell tempered expectations of aggressive interest rate cuts, pushing back against the speculation that has gripped financial markets in recent weeks. The dollar index rose by 0.4%, reaching 101.11, while Powell's remarks reshaped the outlook for future monetary policy as traders recalibrated their expectations ahead of a crucial week for economic data. 
The U.S. dollar strengthened broadly on Tuesday as Federal Reserve Chair Jerome Powell tempered expectations of aggressive interest rate cuts, pushing back against the speculation that has gripped financial markets in recent weeks. The dollar index rose by 0.4%, reaching 101.11, while Powell's remarks reshaped the outlook for future monetary policy as traders recalibrated their expectations ahead of a crucial week for economic data. -
Oil Prices Drop 17% in Q3 as Global Demand Falters, Middle East Risks Loom
Oil prices experienced significant declines in the third quarter, dropping by 17% as concerns over a potential conflict escalation in the Middle East were outweighed by slowing global demand. On Monday, Brent crude futures for November delivery settled at $71.77 per barrel, marking a 9% drop in September alone. West Texas Intermediate (WTI) futures also fell slightly, ending at $68.17 per barrel, capping a quarter that saw a 16% decline. This marks the largest quarterly drop for WTI since the third quarter of 2023. 
Oil prices experienced significant declines in the third quarter, dropping by 17% as concerns over a potential conflict escalation in the Middle East were outweighed by slowing global demand. On Monday, Brent crude futures for November delivery settled at $71.77 per barrel, marking a 9% drop in September alone. West Texas Intermediate (WTI) futures also fell slightly, ending at $68.17 per barrel, capping a quarter that saw a 16% decline. This marks the largest quarterly drop for WTI since the third quarter of 2023. -
Fed Chair Powell Signals More Rate Cuts but Warns Against Aggressive Moves
Federal Reserve Chairman Jerome Powell signaled on Monday that while more interest rate cuts are expected this year, the central bank is taking a cautious approach and is not in a rush to implement aggressive measures. Speaking at the National Association for Business Economics conference in Nashville, Powell emphasized that the Federal Reserve will continue to let economic data guide its decisions, rather than adhering to a predetermined path. 
Federal Reserve Chairman Jerome Powell signaled on Monday that while more interest rate cuts are expected this year, the central bank is taking a cautious approach and is not in a rush to implement aggressive measures. Speaking at the National Association for Business Economics conference in Nashville, Powell emphasized that the Federal Reserve will continue to let economic data guide its decisions, rather than adhering to a predetermined path. -
Japan Stocks Plunge as Shigeru Ishiba Becomes Prime Minister; BOJ's Ueda Breathes a Sigh of Relief
The unexpected victory of Shigeru Ishiba as Japan's next prime minister, coupled with a series of mixed economic data, sent shockwaves through Japan's stock market, marking another "Black Monday" for the country. 
The unexpected victory of Shigeru Ishiba as Japan's next prime minister, coupled with a series of mixed economic data, sent shockwaves through Japan's stock market, marking another "Black Monday" for the country. -
Gold Eyes Biggest Quarterly Gain Since 2016 Amid Fed Rate Cuts and Middle East Tensions
Gold prices are poised to deliver their biggest quarterly gain in over eight years, as the precious metal continues to benefit from global uncertainties and dovish monetary policies. 
Gold prices are poised to deliver their biggest quarterly gain in over eight years, as the precious metal continues to benefit from global uncertainties and dovish monetary policies. -
Fed’s Preferred Inflation Measure Signals Cooling Price Pressures, Paving Way for More Rate Cuts
According to the Commerce Department's report released on Friday, the personal consumption expenditures (PCE) price index, a key inflation gauge preferred by the Fed, increased by just 0.1% in August. On an annual basis, the inflation rate now stands at 2.2%, down from 2.5% in July, marking the lowest inflation reading since February 2021. 
According to the Commerce Department's report released on Friday, the personal consumption expenditures (PCE) price index, a key inflation gauge preferred by the Fed, increased by just 0.1% in August. On an annual basis, the inflation rate now stands at 2.2%, down from 2.5% in July, marking the lowest inflation reading since February 2021. -
China to Unveil $284 Billion Bond Issuance in Major Push to Revive Economic Growth: Report
China is set to issue $284 billion in special sovereign bonds this year, marking a significant move aimed at reviving its sluggish economy and countering deflationary pressures. 
China is set to issue $284 billion in special sovereign bonds this year, marking a significant move aimed at reviving its sluggish economy and countering deflationary pressures.
