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Bitwise updates XRP ETF filing with new S-1 submission

Bitwise updates XRP ETF filing with new S-1 submission

Key Takeaways Bitwise revises its XRP ETF filing, enhancing custody and trading structures. SEC’s decision on Ripple appeal crucial for Bitwise XRP ETF’s future. Share this article Bitwise has updated its submission for launching an XRP-based ETF by revising its S-1 registration with the SEC with a new filing released today. The latest filing refines the […]
WSJ October Survey: GDP On The Rise

WSJ October Survey: GDP On The Rise

Only one forecaster projects two consecutive quarters of negative growth.Here’s the WSJ mean forecast compared to nowcasts: Figure 1: GDP (bold black), WSJ October survey mean (tan), GDPNow as of 10/9 (light blue square),NY Fed nowcast as of 10/11 (red triangles),St Louis Fed news nowcast as of 10/11 (pink x), Goldman Sachs tracking as of 10/9 […]
Why Central Banks Are Slashing Interest Rates: What It Means For You?

Why Central Banks Are Slashing Interest Rates: What It Means For You?

Image source: PixabayA report on the upcoming global interest rate cuts from Ira Epstein – EBC, Canada, and the like.Video Length: 00:05:25More By This Author:SPDR ETF Report For Tuesday, Oct 15 Financial Markets Report For Tuesday, Oct 15 Financial Markets Report For Thursday, Oct 10
Can Northwest Bancshares Afford Its 6% Yield?

Can Northwest Bancshares Afford Its 6% Yield?

Northwest Bancshares (Nasdaq: NWBI) has been around since the Grover Cleveland administration, having been founded back in 1896. The bank has 139 branches and drive-through centers in Pennsylvania, Ohio, Indiana, and New York.Its stock, a small cap with a $1.7 billion market cap, sports a juicy 6% yield.For banks, our measure of cash flow is net […]
Hump Wednesday: Fresh Look At Long Bonds TLT

Hump Wednesday: Fresh Look At Long Bonds TLT

Are long bonds and interest rates the current political football?Sure seems that way considering all the Fed talk and comments by Trump on rates and Jerome Powell.The last couple of days, after rising yields and a big drop in TLT, the trend may have reversed.Why is this important?TLTs are a gateway to assess risk on or […]
Nvidia Rips, Meta Slips… And Everything Else Is Stuck

Nvidia Rips, Meta Slips… And Everything Else Is Stuck

Image Source: Unsplash The tech sector… doesn’t quite know what to do with itself today. Nvidia rocked more than 3% to the upside after yesterday’s semiconductor slaughter. But Meta, which is about to find itself on the pointy end of a likely large lawsuit, was on track to close down nearly 2% to the day.And it’s […]
Guidance, Not Current EPS, Is The Key This Season

Guidance, Not Current EPS, Is The Key This Season

In an environment where 75-80% of major companies routinely beat their consensus EPS estimates, that metric loses its importance. It is clear that an EPS beat is a necessary condition for a post-earnings rally but is no longer a sufficient condition. Investors are looking through current EPS in favor of forward guidance. Considering that investors […]
Stocks And Precious Metals Charts – Seeming Convergences

Stocks And Precious Metals Charts – Seeming Convergences

This was an interesting day of seeming convergences.Stocks rose overall, although big cap tech was flat.VIX fell.Gold and silver were higher.The Dollar rose.Was this a flight to safety, or a flight of the imagination.There will be a stock option expiration on Friday.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – More […]
Tech Rebounds After Yesterday’s Hiccup, With Focus Shifting To TSMC Guidance

Tech Rebounds After Yesterday’s Hiccup, With Focus Shifting To TSMC Guidance

Image Source: Pixabay U.S. stocks are bouncing back from yesterday’s tech hiccup, with smaller sectors flourishing today, thanks to a steady US growth outlook and improved visibility into Fed rate cuts. The labour market has been more resilient than feared, and that’s providing the boost for today’s mini-sector rotation.Nvidia (NVDA) is also gathering momentum at midday […]
Dow Charges Higher Alongside Small Caps

Dow Charges Higher Alongside Small Caps

Earnings continued to flood headlines and influence investor sentiment today, giving Wall Street a much-needed boost after yesterday’s selloff. Cisco Systems (CSCO) led the Dow 337 points higher, while traders also digested upbeat quarterly reports off the S&P 500. The Nasdaq managed to finish with a comfortable gain, an improvement from Tuesday’s tech plunge, as Wall Street […]