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The Dow Jones scored its third straight daily gain on Thursday. Awful economic data releases continue to create no headwinds for a buoyant U.S. stock market. Dow bulls are banking on a big third quarter, with little margin for error. Dow bulls ignored another wave of titanic unemployment claims
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U.S. unemployment claims are starting to drop as businesses reopen. Millions of Americans are still unemployed; many won’t get their job back. The stock market isn’t pricing in a long recovery. The job market just took its first encouraging turn this pandemic as unemployment is starting to shrink. State-level
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Highlights:Bitcoin plunges to $3.8K for the first time since April 2019.The cryptocurrency’s deep dive came alongside a massive liquidation spree on the BitMEX crypto exchange.The price recovered by $2,000 but left the market in further distress, especially amidst the rising Coronavirus risks on global financial markets.Bitcoin fell to its 10-month
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Major Berkshire Hathaway holdings including Apple and Delta Airlines are massively exposed to the coronavirus outbreak. Warren Buffett’s company is also heavily exposed to banks and financials, which will be squeezed if Fed cuts interest rates this month. Buffett has little hedge protection against effects of the coronavirus on
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Ethereum may be due for one last leg down. Despite ether’s bearish price action in 2019, it has made significant progress. The cryptocurrency’s growing fundamentals will likely eventually catalyze a new bull market. Just like bitcoin, Ethereum has been correcting ever since it posted a high in June
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Bitcoin (BTC) price has seen a significant increase in 2019 (by more than 100%), while altcoins are actually down significantly from the beginning of the year. Moreover, most altcoin/BTC pairs have been hitting new lows, and many of the coins are still trending downwards, looking for potential support.Crypto market daily
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