Category Archive: Cryptocurrency, No picture
Humanity Protocol is building a secure, private Web3 identity system with zk-proofs and palm scans: An interview with founder Terence Kwok
Highly secure and accessible, palm recognition offers a great way to verify and manage your identity. Humanity Protocol is making headlines with its idea of leveraging palm biometrics and zk-proofs to build a secure, private, and universally accessible digital identity system.The drive behind this concept is well-intentioned. However, like other biometric methods, user privacy remains […]
Blackrock Surpasses Grayscale As World’s Largest Bitcoin ETF
Image Source: UnsplashA month and a half after we first observed that the world’s largest bitcoin fund, Grayscale’s GBTC, had lost more than half of its assets since the approval of spot bitcoin ETFs in January in what was the year’s first, and far less memorable “halving” event… The other “halving”: GBTC bitcoin holdings are down […]
Economic Theory And Reality
Image Source: PexelsKevin Corcoran recently did a post discussing the distinction between being wrong in theory and wrong in fact. Here I am interested in another situation, the case where theory matches reality quite closely, but people are reluctant to accept the implications of that fact. For instance, basic economic theory suggests that higher tax rates ought […]
Market Breadth Indicator: The Key To Stock Market Rallies
Image Source: PexelsThe Breadth Indicator, which is the ratio of advancing stocks to declining stocks is my favorite way to determine whether a stock market rally is likely to last, or whether a sell-off is in the cards instead. In this video, I discuss how market breadth works, why it’s crucial for traders and investors, and […]
Nasdaq Hits New Closing High; BOX, CAVA Report Q1
Image Source: PexelsIt’s a tale of two markets once again today. While the blue-chip Dow 30 stayed in the red all session, the small-cap Russell 2000 was looking to break free into the closing bell, but both finished lower on the session. The S&P 500 was technically up but essentially flat, +0.025%, while the Nasdaq crossed […]
This Is Why Consumers Are So Negative
Image Source: PexelsThe most interesting debate going on these days is about consumer sentiment. The US economy has outperformed expectations by most metrics. The stock market is booming, real GDP is at potential trend, wages are growing solidly, consumers are spending, etc. And yet consumer sentiment surveys remain very negative. What gives? I think I know […]
Asia Morning Bites For Wednesday, May 29
Image Source: Unsplash Global Macro and Markets Global Markets: Following the Memorial Day holiday, US Treasury yields reverted to an upward path. The 2Y yield rose 3 basis points, while the 10Y yield rose 8.5bp to 4.55%. “Tepid” 2 and 5 Year auctions, and the Fed’s Kashkari saying he didn’t think anyone on the FOMC ruled out […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tue, May 29
Image Source: UnsplashBoth the Nasdaq and the S&P benefited from the continued rally in NVDA. NVDA will split 10:1 on June 7th. The rush is on to buy the stock and options. I update the EW counts and labeling, discuss a labeling change in the NQ. I’m still discussing additional upside is very likely and I again […]
A Look At Retail ETFs Post Q1 Earnings
Image Source: UnsplashThe overall first-quarter earnings picture for the retail sector has been modest. Total earnings from 95.4% of the sector’s total market capitalization reported so far are up 31.9% on 5.6% higher revenues, with 69.2% beating EPS estimates and 57.7% beating revenue estimates. However, this is a notable deceleration from the growth trend of the last few […]
Should You Buy Stock Splits?
Image Source: UnsplashMany notable stock splits have occurred in recent years, with companies aiming to increase liquidity within shares and erase barriers to entry for potential investors. Now Nvidia and Chipotle Mexican Grill now have joined the stock-split fray.Stock splits give lower share prices, making stock purchases more affordable for a greater number of investors (although […]
