Category Archive: Finance, No picture
Elliott Wave Technical Analysis: Polkadot Crypto Price News For Wednesday, May 29
Image Source: UpsplashElliott Wave Analysis TradingLounge Daily ChartPolkadot/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: FlatPosition: Wave CDirection Next higher Degrees: wave (II) of ImpulseWave Cancel invalid level: Details: Wave II Is equal to 61.8% of Wave I at 5.225DOT/ U.S. dollar(DOTUSD)Trading Strategy: Overall, the correction in DOTUSD is entering its final phase in Wave C, […]
ZKasino initiates ETH refund process amid mounting scam allegations
Blockchain-powered gambling platform ZKasino has initiated a 72-hour refund process that would return funds to its investors. The decision comes in a month after the project was accused of operating a $33 million rug pull. Despite the refund process dubbed by the project as a “2-step bridge back process,” some investors remain skeptical about the […]
Is Nvidia Worth 35x Times Sales, History Says No
Image Source: UnsplashYou wouldn’t be able to tell just by looking at the S&P 500 daily change of +0.02%, but Tuesday was a pretty negative day, with the S&P 500 equal weight RSP ETF finishing down by almost 70 bps. Even the Dow was lower on the day by 55 bps. Most of the other market […]
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 […]
