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Ripple Price Leads The Pack With 5% Rally – Settlement On The Horizon?

Ripple Price Leads The Pack With 5% Rally – Settlement On The Horizon?

Image by WorldSpectrum from Pixabay  XRP, the cryptocurrency affiliated with Ripple, has experienced a notable surge against Bitcoin (BTC), underscoring a significant decoupling from Bitcoin’s relatively stagnant performance. Over the past 24 hours, the XRP/BTC trading pair on Binance has risen by over 5%, marking its strongest daily performance against Bitcoin since March 11th, when it surged 13% in a […]
Inflation Deceleration Continues – But Not Enough

Inflation Deceleration Continues – But Not Enough

Image Source: Pexels Core and Median inflation continue to decline. This is not really a surprise; since early 2023 the clear direction has been to lower inflation. The debate has not been about whether inflation was heading higher or lower. The debate has been about whether the downtrend was going to converge on 2% as the […]
Hashdex files for joint Bitcoin and Ethereum spot ETF in the US

Hashdex files for joint Bitcoin and Ethereum spot ETF in the US

Asset manager Hashdex filled in a joint spot exchange-traded fund (ETF) indexed to Bitcoin (BTC) and Ethereum (ETH) weighted by market cap, as reported by Bloomberg ETF analyst James Seyffart. The decision comes three weeks after Nasdaq withdrew Hashdex’s proposed Ethereum ETF, as reported by Crypto Briefing. The final deadline for SEC approval should be […]
Record Demand For Stellar 20Y Auction

Record Demand For Stellar 20Y Auction

After stellar 10Y and 30Y auctions last week, moments ago the Treasury sold its sole coupon auction for the week when it placed $13BN in a 20Y paper (technically the 19-Y 11-M reopening of Cusip UB2). The auction was met with no less than record demand, with metrics off the charts in virtually every category.Starting at […]
It’s Cheap To Hedge Now. Just Saying…

It’s Cheap To Hedge Now. Just Saying…

Yesterday, we made an assertion that protective puts are relatively cheap right now. Today we intend to prove it.Specifically, we wrote the following for those who are concerned that the current momentum-driven rally is getting long in the tooth: One strategy involves a barbell – keep buying the tech-heavy indices but utilizing put options as insurance. Remember, […]
The Real Reason China Is Buying Gold

The Real Reason China Is Buying Gold

Image Source: Pixabay If you’re invested in gold, then tracking the People’s Bank of China (PBOC), Turkey, and India’s gold purchases is important.It implies that central banks are interested in stabilizing their currencies.They want out of the US Dollar, and a stable currency for themselves.Especially, China.They’re buying the most gold, and they’re selling US debt at […]
Stock Buybacks By The Magnificent Seven

Stock Buybacks By The Magnificent Seven

By 2025, Goldman Sachs predicts that total U.S. stock buybacks will exceed $1 trillion. The bank sees this growth being driven by strong tech earnings growth and lower rates.But what are buyback amounts like for the largest tech companies today?This graphic looks at the total value of shares each Magnificent Seven company has repurchased in the […]
Gold’s Role As An Inflation Hedge In The 21st Century

Gold’s Role As An Inflation Hedge In The 21st Century

Image Source: Pixabay Since mid-2021, we lived through the worst price inflation since the 1970s. CPI peaked in June 2022 at 9.1 percent.During this inflationary period, a lot of people sold gold as evidenced by the rangebound price through most of 2023. Was selling a good move?Looking closer at the trend, gold sellers prevailed over the […]
3 Bitcoin Mining Stocks To Hold As BTC Becomes More Mainstream

3 Bitcoin Mining Stocks To Hold As BTC Becomes More Mainstream

Image courtesy of 123rf.com Strongly correlated to Bitcoin (BTC) but more volatile than BTC itself, bitcoin mining stocks have been significantly up over the last three months. While Bitcoin flatlined at negative 1% for a 3-month performance, the Valkyrie Bitcoin Miners ETF (NASDAQ: WGMI) is up nearly 28% in the same period.This is to be expected, given the […]
FTSE Bid Ahead Of Bank Of England Rate Decision

FTSE Bid Ahead Of Bank Of England Rate Decision

Image Source: Unsplash On Tuesday, London stocks saw a slight increase as investors kept an eye on important domestic inflation data and the upcoming policy decision from the Bank of England. However, gains were limited due to losses in Ashtead Group. The FTSE 100 rose by 0.3%. Over the past few weeks, the index has been […]