
There’s an old saying in the markets that you should ‘sell in May and go away.’ It’s a reference to long-noticed trend of summertime swoons, when market trading slows, or even dips, especially in August. Recent statistical research by CFRA research has quantified the phenomenon. Since 1945, they say, August is the year’s third-worst month for returns on the S&P 500, on average. The trend is particularly marked in years when the index set record high levels in July. A report from LPL Financial ad

(Bloomberg) -- Zymergen Inc. rallied 75% after one of Cathie Wood’s Ark Investment Management LLC funds scooped up its shares.The buying occurred amid Wednesday’s 76% retreat, a record slide that took the synthetic biology company to the lowest since its April debut, after the firm pulled its forecast for 2021 sales and announced the departure of its chief executive officer. Despite the rebound, the stock is down more than 50% since going public at $31 a share.Zymergen said it’s working to resto

Robinhood (HOOD) shares tanked 27% to close the session at $50.27 after several wild sessions.

(Bloomberg) -- The era of cheap natural gas is over, giving way to an age of far more costly energy that will create ripple effects across the global economy.Natural gas, used to generate electricity and heat homes, was abundant and cheap during much of the last decade amid a boom in supply from the U.S. to Australia. That came crashing to a halt this year as demand drastically outpaced new supply. European gas rates reached a record this week, while deliveries of the liquefied fuel to Asia are
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