Category Archive: Finance, No picture
Intel Shares Soar On Report Of Qualcomm Takeover Interest
Image Source: Pexels Intel (INTC) shares surged 6% in late afternoon trading (now halted) after a Wall Street Journal report revealed that Qualcomm (QCOM) had approached the struggling chipmaker earlier this week to discuss a potential acquisition. Here’s more from WSJ’s reporting, citing people familiar with the talks: A deal is far from certain, the people cautioned. Even if […]
Crypto scammer hit with $36 million fine by CFTC for fraud
Key Takeaways William Koo Ichioka defrauded investors of millions in a forex and crypto scheme. Scam involved years of falsified financial documents and misleading promises. Share this article A federal judge has ordered William Koo Ichioka, to pay over $36 million in restitution and fines for his involvement in a fraudulent forex and digital asset […]
Market Declines And The Problem Of Time
Image Source: Pexels When stock markets rise, the bullish narrative tends to dominate, overlooking the potential impact of market declines. This oversight stems from two main problems: a basic misunderstanding of math and time’s critical role in investing. Every year, I receive the following chart as a counterargument when discussing the importance of managing risk during […]
AskSlim Market Week – Friday, Sep. 20
Photo by Nicholas Cappello on Unsplash Technical and cycle analysis, and market commentary.Video Length: 01:14:22More By This Author:AskSlim Market Week – Friday, Sept 6AskSlim Market Week – Friday, Aug. 23AskSlim Market Week – Friday, Aug. 9
Fidelity adds 5K Bitcoin in the past week, now holds nearly 1% of all BTC
Key Takeaways Fidelity now holds over 176,000 BTC, ranking as the third-largest institution offering Bitcoin ETFs. The recent acquisition is valued at around $3 billion. Share this article Fidelity has been quietly accumulating Bitcoin over the past week, purchasing more than 5,000 BTC, according to data from Arkham Intelligence. This strategic acquisition brings the Fidelity […]
Fed Performs CPR On A Cadaver
Image Source: Pexels The FOMC meeting and press conference for September was projected to be a dovish one. Fed Chair Powell was expected to cut rates by 50 bps. The preponderance of Wall Street lackeys were busy begging for a series of immediate and deep reductions in borrowing costs. Some in D.C., like Senator Elizabeth Warren, […]
Softs Report – Friday, Sep. 20
COTTON General Comments: Cotton was lower again yesterday on ideas that the Monday rally was overdone and reports of increased farm selling. There are still ideas of weaker demand potential against an outlook for improved US production in the coming year. There have been demand concerns about Bangladesh and China and ideas are that production […]
Bitcoin To Follow U.S. Stock Market All-Time High
Image Source: Unsplash After the Federal Reserve cut interest rates by 50 basis points, the markets rallied strongly on the event. The S&P 500 posted a new all-time high, and Bitcoin (BTC) surged more than $4,000. Will BTC now follow U.S. stocks and make its own all-time high? Further potential growth across all markets After the […]
Gold Lackluster After Fed
Image Source: Unsplash Gold’s reaction to the most-dovish Fed decision in years proved lackluster. Plenty of traders thought gold would surge after an outsized rate cut birthing a new cutting cycle. And with top Fed officials projecting many more cuts, it is going to be big. Gold did rally initially on that revelation, but quickly reversed […]
S&P 500 Earnings Dashboard 24Q2 – Friday, Sep. 20
Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 13.0%. Excluding the energy sector, the Y/Y earnings estimate is 13.8%. Of the 499 companies in the S&P 500 that have reported earnings to date for 24Q2, 79.2% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 5.5%. If the energy sector is […]
