Category Archive: Cryptocurrency, No picture
New York anti-crypto stance softens as regulatory tide turns
Key Takeaways Manhattan federal prosecutors will reduce focus on crypto-related crimes after major convictions. Scott Hartman announced decreased focus on crypto cases by the Southern District of New York. Share this article Manhattan federal prosecutors will reduce their focus on crypto-related crimes following several major convictions, a senior prosecutor told Reuters today.Scott Hartman, co-chief of […]
Hormel Foods Corp. Dividend Stock Analysis
Image Source: Unsplash Linked here is a detailed quantitative analysis of Hormel Foods Corp. (HRL). Below are some highlights from the above linked analysis:Company Description: Hormel Foods Corp. is a multinational manufacturer and marketer of consumer-branded food and meat products.Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair […]
Senator Lummis files ‘Bitcoin Act of 2024’ bill proposing a US strategic BTC reserve
Key Takeaways The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership. The proposal includes acquiring 1 million Bitcoins over five years and using Federal Reserve remittances to fund the program. Share this article Senator Cynthia Lummis has introduced the Bitcoin Act of 2024, which is […]
GBP/JPY Declines As Stronger Growth Data From Japan Lifts The Yen
Image Source: Unsplash GBP/JPY trades lower on Friday after Japanese GDP data beats expectations and data for the same period from the UK. Volatility is tempered by markets’ view that the data is not sufficiently game-changing for either currency in the pair. Much may hinge on BoJ Governor Ueda’s speech on Monday, the wide interest-rate […]
Domino’s Pizza Stock Surges After Berkshire’s $549M Investment Announced
Berkshire Hathaway’s recent investments in Domino’s Pizza and Pool Corp have sparked market interest.Berkshire Hathaway (BRK-A), the multinational conglomerate led by Warren Buffett, has made significant new investments in Domino’s Pizza (DPZ) and Pool Corp (POOL) during the third quarter of 2024. The stakes were revealed in a recent filing with the U.S. Securities and Exchange Commission.As […]
FX And Rates Unwind Yesterday’s Powell Effect, US Index Futures Slide
The dollar bounced, and US rates rose yesterday afternoon in response to comments by Fed Chair Powell. But he did little more that reiterate what he had said at the recent press conference. Powell expressed a lack of urgency to move after having led the central bank in delivering a 50 bp cut to start […]
Critical Things Every Trader Should Know About Market Crashes
Image Source: Unsplash In the fast paced world of stock trading, understanding how markets behave during extreme downturns is essential for surviving volatile periods. Market crashes of the past can offer valuable insights into both market behavior and trader psychology during crises. These lessons are crucial for investors and day traders alike, providing a roadmap for […]
Daily Market Outlook – Friday, Nov. 15
Image Source: Unsplash Asian markets concluded a volatile week on a more stable note, aided by Chinese consumers lifting retail sales above expectations as a slew of governmental support measures buoyed the stock market. Property sales increased slightly, but they are still down 15.8% from a year earlier. A decrease in property investment deepened, and home […]
When Should I Sell My Stocks
Image Source: Unsplash When does a swing trader sell his position in a stock? In this episode I detail one trader’s poor risk management in a trade, who only wanted to get back to break even, only to find his swing trade doing incredibly well in the end – and now doesn’t know what to do […]
FX Daily: Powell Keeps Market Cautious On The Fed
Image Source: Unsplash The dollar remains at risk of positioning-led corrections, but so far macro data and Fed communication have not offered any USD-negative catalyst. Yesterday, Fed Chair Powell emphasized the economy’s strength and endorsed market caution on pricing in more cuts. EUR/USD may hold above 1.050 for now, but the general direction still appears bearish. USD: […]
