Category Archive: Finance, No picture
Bitcoin Dips After New ATH, Altcoins Bleed Heavily Amid Market Decline
Image Source: Unsplash This Week’s Summary The crypto market ended the week at a total market capitalization of $3.31 trillion. Bitcoin decreased by nearly 8% to trade at around $95,000. Ethereum is down by almost 16% to trade at around $3,200. XRP is down by 8%, Solana by 18%, and Dogecoin by 23%. Almost all altcoins are […]
Is Gold The Fed’s Plan B?
Image Source: Unsplash David Morgan speculates that the Federal Reserve may eventually consider integrating gold into a new monetary system, especially as a backup if the global adoption of central bank digital currencies (CBDCs) faces resistance. He suggests that while CBDCs could be the primary currency of the future, central banks, like those in China and […]
“I’d Be A Bum On The Street With A Tin Cup If The Markets Were Always Efficient.” – Warren Buffett
“Try to be fearful when others are greedy and greedy only when others are fearful.” – Warren Buffett Market Commentary: The pullback looked too telegraphed – some presents were seemingly gift wrapped and delivered. We found a couple of excellent set-ups in top-ranked Magnet stocks in an overall disturbing market. The broad market selloff hit almost all […]
Weekly Forex Forecast – Sunday, Dec. 22
Image Source: Unsplash Fundamental Analysis & Market Sentiment I previously wrote on Sunday, Dec. 15, 2024 that the best trade opportunities for the week were likely to be: Long Bitcoin in US dollar terms following a daily (New York) close above $103,647. This set up on Sunday, but Bitcoin then fell by 7.63%. Short of the EUR/USD currency pair following a daily […]
Trump taps crypto advocate Stephen Miran as head of his Council of Economic Advisers
Key Takeaways Stephen Miran, a Bitcoin advocate, has been nominated by Donald Trump as the chair of the Council of Economic Advisers. Miran supports crypto’s role in economic growth and criticizes the current financial regulatory framework as overly burdensome. Share this article President-elect Donald Trump has picked Stephen Miran as his nominee for chair of […]
Pairs In Focus – Sunday, Dec. 22
Image Source: Unsplash Gold Gold traders have certainly been through a lot over the last couple of days, as the market fluctuated quite rapidly. The reality is that we are heading into the holiday season, and therefore I think liquidity will be thin and the market will continue to experience this back-and-forth movement. This will be especially true […]
Celanese Cut Its Dividend To Focus On Deleveraging Amid Challenging Market Conditions
Image Source: UnsplashThe Celanese Corporation (CE) cut its dividend because of continued weakness in the Chinese economy, weak demand in the automotive and construction end markets, and too much debt from an acquisition. It had a 15-year streak of increases as a Dividend Contender.The company’s end market challenges and leverage have caused the share price to drop substantially […]
Russell 2000 Recorded Accumulation Day As Technicals Turned Net Bearish
Image Source: UnsplashThe options expiration seen on Friday clouded the volume picture, particularly for the S&P 500, but it was a day for buyers to build some momentum into the Santa Claus rally. The FOMC rate statement put a huge dent in prior rallies, as the S&P 500 was faced with a ‘bull trap’.Although it was the Russell 2000 (IWM) […]
The 7 Largest Companies – Sunday, Dec. 22
Image Source: UnsplashHere is a short look at the 7 largest companies by market capitalization as of Sunday, Dec. 22, 2024. Additionally, I have included the percentages of their gains on a year-to-date basis. Let’s dive into the numbers. Apple (AAPL) has a market cap of around $3.85 trillion, with year-to-date gains of approximately +32.2% Nvidia (NVDA) has a market cap of around $3.30 trillion, […]
Weekly Technical Update: Nasdaq 100 – Sunday, Dec. 22
Image Source: UnsplashThis past week was an interesting one, and I will attempt to unpack a great deal of information about it in this video. The market received what it had already factored in prices, that being a 25 bps cut in rates. However, Fed Chair Powell “rained on the parade” by stating the amount of cuts in […]
