🎌Japan Stuns Global Markets

Good morning! 

We wanted to let you know that we've given The Investing Journal a little makeover. We've spruced up the headers and made a few other improvements to give it a new look going in to 2023. We hope you like it - let us know what else you want to see!

Thanks for being a part of our community! 📈

Markets

Stock market today: Dow snaps losing streak as energy stocks rack up gains (5 minute read)The Dow snapped a four-day losing streak Tuesday, as rising energy stocks helped the broader market overcome an ongoing march higher in Treasury yields following the Bank of Japan's unexpected hawkish pivot. The Dow Jones Industrial Average gained 0.3%, the Nasdaq Composite was up 0.01%, and the S&P 500 rose 0.1%.

Oil prices rise on U.S. drawdown, Chinese fears weigh (4 minute read)Oil prices rose on Wednesday after data suggested a larger than expected draw in U.S. crude stockpiles, but gains were capped by growing concerns over demand in China and a snow storm that is expected to hit U.S. travel. Brent crude futures were up 93 cents, or 1.15%, at $80.92 a barrel by 10:40 GMT.

European markets higher as investor sentiment brightens (4 minute read)European markets were in positive territory on Wednesday, reversing a negative trend seen in the previous trading session. The Stoxx index was up 0.8% in mid-morning trading, and all sectors and major bourses were in the green. Retail stocks led gains, up 2.1%, followed by financial services and oil and gas, which were up 1.3%.

Bank of Japan stuns markets with yield control policy change (5 minute read)The Bank of Japan caught investors by surprise with an unexpected change to a core tenet of its monetary policy, sending shockwaves across the currency, bond and equity markets. The yen jumped more than 4% to about ¥131.2 against the US dollar in New York trading, while Japan’s Topix equity index fell 1.5%. The 10-year Japanese government bond yield surged by its most in almost two decades, reaching a high of 0.47%.

Investing

Why the Bank of Japan's Surprise Overnight Move Matters to U.S. Investors (4 minute read)Last night, the Bank of Japan (BoJ) announced something that has divided market analysts in terms of its meaning and impact- They gave notice that they would be relaxing the yield curve control policy. Sovereign bond yields around the world reacted and USD/JPY fell by more than three percent overnight, a massive move in the very liquid and usually slow-moving forex market.

Why Investors Should Avoid Tesla Stock In 2023 (5 minute read)According to The Motley Fool, after falling 50%, the stock is still much too expensive even if you are optimistic about the company's future growth. After an unrelenting rise over the past decade to a trillion-dollar market cap, the stock is down 55% this year and now sports a market cap of less than $500 billion.

What Does "HOD" Mean in Stocks - And More Trading Acronyms (4 minute read)When it comes to stocks, there are a lot of acronyms and terminology that can be confusing for beginners. One of these is the acronym "HOD". Knowing what these acronyms mean is essential for making informed decisions about your investments.

Money

Smart Money-Saving Year-End Tax Moves To Make (5 minute read)"Taxes are our largest ongoing liability. As a result, it behooves us to optimize our taxes as much as possible." This post by The Financial Samurai will discuss all the smart money-saving tax moves to make by year-end. It gets updated once a year to follow new tax laws. Definitely one to bookmark!

🐥

Best of Twitter

🧠

Wisdom Of The Week

Thanks for reading, if you enjoyed, tell your friends!

P.S: If you're interested in crypto and web3 - check out our newsletter, The Crypto Journal!