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The Dow Jones stumbled on Thursday after another dire jobless claims report. Speculative trading is dominating retail investment platforms, while seasoned stock market investors sit on the sidelines. The Federal Reserve may discuss negative rates this month. The Dow Jones went nowhere on Thursday after another miserable jobless claims report snapped the U.S.
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[sociallocker id="55298"] There, in the midst of a protest against police brutality in Austin, Texas, stood a man holding a makeshift cardboard sign that read, “Bitcoin will save us.” The image, tweeted earlier this week by the ProPublica journalist Jessica Huseman, generated 789 retweets and 2,400 likes. Some twitterati said bitcoin had nothing to do with
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[sociallocker id="55298"] The old Wall Street maxim “sell in May and go away” is detrimental to bitcoin investors, market data from Messari suggests. The largest cryptocurrency generated positive returns during eight of the past 10 Mays, outperforming its monthly average for that year during six of them. “Sell in May” refers
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May was a busy month for corporate insiders. Several high-profile stock sales suggest business leaders have a gloomy outlook. A CFO survey shows more than half of the world’s finance chiefs are expecting the market to retest its lows. The U.S. stock market rally has been unstoppable over the past two months. Despite a
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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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The Dow Jones rallied more than 300 points on Wednesday, erasing most of the previous day’s losses. Stock market bulls ignored several big warnings from the Federal Reserve and World Health Organization. The Dow is proving remarkably resilient as Donald Trump gets tough on China. The Dow Jones leaped
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Bitcoin's rally last week as the Standard & Poor's 500 Index of U.S. stocks floundered served to underscore just how different the conversations are right now in digital asset markets and traditional finance.As high-profile investors including Stanley Druckenmiller and David Tepper were warning of looming bankruptcies, overvalued stocks and the increasingly distant chances of a rapid economic recovery,
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JPMorgan Chase and Goldman Sachs are advising their clients against Bitcoin (BTC), according to one American wealth manager. Adam Pokornicky, chief operating officer at Digital Asset Investment Management (DAIM), a U.S.-registered investment advisor for digital assets, claimed that his firm almost lost a client due to the banks’ intervention.In an interview
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The Dow Jones has fallen almost 13% since February highs as coronavirus panic grips the market. The Federal Reserve emergency rate cut wasn’t enough to stop the bleeding on Tuesday. Only Trump can turn things around with a wave of fiscal policies to support the economy. We learnt one
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Stock market euphoria returned on Wednesday as the Dow Jones, Nasdaq, and S&P 500 pushed back towards record highs. This confidence in risk assets belies demand for safe-havens as the price of gold continues to surge. Concerns about risk-taking and the impact of the coronavirus are potential causes for
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