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The S&P 500 continues to climb despite a bleak economic backdrop. The Federal Reserve is the engine that powers asset inflation. Expect the S&P 500 to print a new all-time high soon. Amid record unemployment, widespread civil unrest, global pandemic, and a shrinking economy, the S&P 500 is 8% off of its all-time
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Millennials are using their age to their advantage with bullish bets on the stock market. Wall Street’s billionaires are more cautious about the strength of the FOMO rally. Much of what happens next depends on whether the stimulus funds keep flowing. The stock market’s epic rally over the past two months has created
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Bitcoin is currently correcting higher from the $9,300 support against the US Dollar. BTC price must clear the $9,740 and $9,800 resistance levels to continue higher in the near term.Bitcoin is currently showing a few positive signs above the $9,500 and $9,600 levels.The price is likely to gain bullish momentum
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[sociallocker id="55298"] Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way.“This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator.A ‘head-fake’ trade
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Bitcoin remains below the crucial resistances of $10,500 and $14,000 but that hasn’t stopped investors from speculating as to where BTC will top in the upcoming bull run.One prominent executive and programmer in the space is speculating that a price of $300,000 is possible within the next five years. Here’s
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In brief:Bitcoin broke the $10,000 psychological price barrier and briefly traded at $10,383.Less than 24 hours later, BTC fell hard to $9,266 in what appears to be a classic Bart Simpson pattern.Bitmex’s Co-Founder and CEO, Arthur Hayes, believes Bitcoin’s rally is not real until $15,000 is broken.At around the time
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The U.S. stock market continues to climb despite record-high levels of cash hoarding among institutions. Bank of America reveals hedge funds holdings an eye-popping $591 billion as investors focus on low-risk bonds and cash. When the floodgates open, it may trigger a renewed bull market entering the second half of 2020. The U.S.
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Ethereum’s intense momentum stalled after it peaked at $145 this weekend. The cryptocurrency now appears to be well-positioned to see further upside, as this momentum significantly bolstered its market structure.The recent movement that led ETH to rally from the lower-$200 region to highs of $245 left a trail of destruction
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Target is temporarily closing stores in 175 locations. Even amid closures, Target’s stock is likely to continue soaring. Target’s growth in the digital sector can compensate for the losses of non-performing locations. Retail giant Target (NYSE:TGT) announced it is temporarily closing hundreds of its stores amid widespread rioting and looting. While the shuttering
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Bitcoin is trading nicely above the $9,400 support zone against the US Dollar. BTC price is likely to continue higher towards $10,000 if it clears $9,600 and $9.750.Bitcoin is trading with a positive bias above the $9,400 support zone.The price could struggle to clear the $9,600 and $9,750 resistance levels
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