Category Archive: Cryptocurrency, No picture
SHIB whale realizes 41,900% profit after three years
An investor held a stash of Shiba Inu (SHIB) tokens for over three years before selling it for 41,900% profit, as reported by X user identified as Lookonchain. On February 1st, 2021, the investor swapped 2 Ether (ETH) for over 48 billion SHIB, transforming $2,625 into nearly $1.1 million after swapping SHIB back to ETH […]
“Sentiment” Indicators… Ignore Them
Image Source: Pexels Long-time readers know we place little faith in sentiment indicators. They capture a very specific moment and can change with little correlation to economic data. They serve the purpose of determining the “mood” of a certain segment of the population at any given time, but one should not make investment decisions based on […]
Are Semiconductor Stocks Targeting Much Higher Prices?
Image Source: Unsplash Technology stocks remain hot as semiconductor stocks like Nvidia (NVDA) continue to lead the way higher.In that light, we take another look at the red-hot Semiconductors Sector ETF (SMH) and highlight why it should be on your radar. Note that we have written about several similar trading setups lately.“The facts, Ma’am. Just the facts.” – Joe […]
Halving of BTFS Storage Rewards
Singapore, May 28, 2024 –To sustain the growth and success of the BitTorrent ecosystem, BTFS is set to implement a halving on the next round of rewards for storage miners on the BTFS network. From 00:00 (UTC) June 25, 2024, the daily rewards for storage miners on the BTFS network will be halved from 15 […]
Is It Time To Sell Starbucks Stock As It Enters Price War In China?
Image Source: Unsplash Starbucks Corp (Nasdaq: SBUX) is facing a tough battle in China, its second-largest market, according to a recent report from Reuters. The company has been forced into a price war with low-cost rivals, such as Luckin Coffee, despite previous attempts to avoid such competition. This strategic shift comes as Starbucks’ sales in China have declined, […]
We Don’t Know If “Sell In May” Works Until June (At The Earliest)
Image Source: Pexels A popular refrain that I’ve heard recently is that “Sell in May” hasn’t worked this year. Indeed, so far it hasn’t. But all we really know is that “Sell in April” and “Sell in early May” haven’t worked. We won’t, or can’t, know if “Sell in May” worked until June at the earliest.Quite […]
Ex-FTX exec Ryan Salame sentenced to nearly 8 years, fined $11 million
Former FTX executive Ryan Salame was sentenced to seven and a half years in prison after pleading guilty to conspiracy charges related to unlawful political contributions and operating an unlicensed money-transmitting business, as noticed by the US Attorney’s Office Southern District of New York (SDNY). Salame’s sentence also includes three years of supervised release and […]
These 5 AI Stocks Are Reaching Sell Territory; Here’s Why
Image Source: Unsplash You can produce consistent gains by rigorously buying and selling stocks using the relative strength index (RSI). Let me explain. What Is the Relative Strength Index? Investopedia describes the relative strength index (RSI) as a momentum indicator that measures the magnitude of recent prices changes to evaluate overbought or oversold conditions in the […]
Yields Surge After Ugly 2Y Auction As Foreign Demand Tumbles
Image Source: Unsplash Today’s first of two coupon auctions – the sale of $69 billion in 2Y paper (a 5Y auction follows at 1 pm) – priced at 11:31 am and it was ugly.Stopping at a high yield of 4.917%, today’s auction not only carried the highest yield since last October’s 5.055% but tailed the When […]
Past Peak Global Income, Though Diversification Benefits Remain
Image Source: Unsplash Global Equity Income has advantages in an elevated base rate environment when compared to “conventional” global equities.This is because when base rates are higher dividend-paying stocks are thought to be more likely to outperform. The argument runs as follows: The loose monetary policy, low inflation, and low rates of the first two decades […]
