Category Archive: Cryptocurrency, No picture
BlackRock sees potential in spot Ethereum ETF, despite slower uptake compared to Bitcoin
Key Takeaways ETHA reached $1 billion in AUM but has not seen explosive growth compared to IBIT. BlackRock’s Bitcoin ETF quickly reached $2 billion in AUM, outpacing ETHA. Share this article BlackRock’s spot Ethereum ETF, also known as ETHA, has seen slower growth than its Bitcoin counterpart but Robert Mitchnick, the company’s head of digital […]
Gasoline And Oil Prices
Image Source: PexelsWe have weekly gasoline prices through week ending 9/30:What’s in store for the future? Oil futures and gasoline futures (RBOB) are in backwardation.More By This Author:Consumer Sentiment And Expectations (Rev’d) In SeptemberMisery Index, 2020M12 And 2024M08: 8.0% Vs. 6.8%Business Cycle Indicators – August 2024 And Annual Updates
So Long As The Economy Holds Up, Disinflationary Rate Cuts Are Rocket Fuel For Equities
Image Source: PexelsDespite a midday wobble following a slightly less dovish Chair Powell—who seemed to throw cold water on hopes for a 50-bps cut in November—the S&P 500 dusted itself off and sprinted within a whisker of record highs, capping off yet another high-octane quarter for U.S. stocks. So, what’s the magic formula? Simple: As long […]
S&P Holds Breakout To Help Russell 2000
Image Source: PexelsWhile Small Caps typically lead markets, it’s currently the S&P doing most of the work. Today’s action saw the S&P move towards a test of breakout support without going all the way and doing so. What today did do was confirm there is high volume demand – marked by accumulation – and that buyers […]
Volatility May Rise Sharply Following Quarter End
Image Source: PexelsIt was a calm day until 2 PM when the JPM collar with a 5,750 strike price was closed out, and the December contracts were initiated. As anticipated, this triggered significant volatility in the market, and now that last week’s pinning effect is gone, the turbulence is likely to persist. This led to a […]
The Stunning And Growing Dependence On Government Aid In Pictures
Image Source: PexelsThe number of counties dependent on government aid has surged over time. The lead shows political part affiliation.The Wall Street Journal has a great article on the Growing Reliance of Americans Are Dependence on Government Aid over time. That is a free link. Americans’ reliance on government support is soaring, driven by programs such as Social […]
A Tumultuous Quarter Ends At New Highs
Image Source: UnsplashAnyone hoping to see a little more volatility finally got it today… but not necessarily in the shiny bearish package they were counting on. Indeed, the S&P 500 finished the day – and the third quarter – with an all-time high close.This comes barely two months after the market made its early August correction. […]
Bitcoin faces near-term uncertainty despite strong September gains
Key Takeaways Bitcoin’s recent price surge is primarily driven by institutional investors, not retail. In spite of geopolitical tensions and market uncertainty, Bitcoin recorded a 7% gain in September. Share this article Despite Bitcoin’s rally near $66,000, key indicators suggest it’s not ready for a new all-time high. China-focused stablecoin data and low retail participation […]
Stocks And Precious Metals Charts – Reckless Arrogance, Shameless Greed
Image Source: UnsplashStocks were ranging broadly today, with noticeable losses in the early afternoon. But they found a ‘footing’ and managed to rally back to post some gains by the close.Look for more instances of this to occur, until at least the November election.Gold and silver were sold lower, in anticipation of the Non-Farm Payrolls report on […]
Bitcoin Price Drops Below $64K Amid Fears Of A BOJ Rate Hike
Image Source: Unsplash In recent weeks, Bitcoin price has experienced significant volatility, culminating in a notable drop below the $64,000 mark after a bullish attempt that saw it surge above $66k.Notably, this decline, which has seen Bitcoin’s price tumble by over 3% in just 24 hours, can be attributed to a combination of factors, including a […]
