Category Archive: Finance, No picture
At This Point, Good Data Could Be Atrocious For Markets
Image Source: UnsplashThere’s an old (but usually true) cliche for times like we’re in now: “Bad news is good news,” meaning, terrible economic news is great for the markets because it could lead to looser policy at the Fed.Well, if that’s true… you don’t have to be Warren Buffett to figure out what good data could […]
Ethereum Foundation to implement conflict of interest policy amid EigenLayer controversy
The Ethereum Foundation (EF) is set to introduce a formal conflict of interest policy following community backlash over two prominent researchers’ associations with EigenLayer, a layer-2 restaking protocol built on Ethereum.The controversy began when crypto trader Jordan Fish (Cobie) questioned the ethics of EF developers receiving substantial financial incentives from projects built on Ethereum, specifically […]
Unity Software’s Impeccable Head And Shoulders Pattern Signals Further Decline
Image Source: UnsplashBelow is Unity Software (U) which is sporting one of the cleanest head and shoulders tops I’ve ever seen in my life. The problem is that it’s at a lifetime low! Still, I think this will presage much lower prices. More By This Author:My Best Day Of 2024: Eight Bearish Wins And A Stellar QQQ […]
Ethereum spot ETF approval is here – Everything you need to know
Spot Ethereum ETFs have finally received the greenlight after a period of uncertainty. Thursday’s approval not only marked a milestone for Ethereum but also a positive development in the US regulatory approach to crypto. This article will provide more insights into the recent approval, its potential motivation, and implications for the industry.An overview of spot […]
Another Massive Revision, This Time Durable Goods, What’s Going On
Image Source: PexelsThe Commerce Department revised March durable goods orders from +2.6 percent to +0.8 percent. Now it reports a 0.7 percent gain vs. an expectation of -0.5 percent. Durable Goods data from Commerce Department, revision inset from Bloomberg Econoday, chart by MishAdvance Durable Goods New orders for manufactured durable goods in April, up three consecutive […]
And Then There Was One – Nvidia
Image Source: Pexels “Magnificent 7” to “Magnificent 1”- Nvidia In the 1970s, all you had to know was to be in the “nifty fifty,” large-cap, predictable growth stocks on the NYSE, and you had the keys to the vault. Now, in the 2020s, all you need to know to totally bulletproof your portfolio is to own the “Magnificent […]
BlackRock’s Bitcoin ETF nears top spot after $380 million buy
BlackRock’s iShares Bitcoin Trust (IBIT) is on track to become the largest Bitcoin fund after purchasing over $380 million worth of the BTC this week, according to blockchain analytics platform Arkham Intelligence.The biggest purchase occurred on May 21, with IBIT buying over $290 million in Bitcoin. Launched in January 2024 after the SEC approved spot […]
Navigating Inflation: The FOMC’s Single Mandate
Image Source: Pexels Key Takeaways The current focus of the FOMC is on achieving the inflation mandate rather than the employment mandate. The FOMC is more concerned about the risk of inflation than the state of the labor market. Unemployment remains low and is not a major concern for the FOMC unless it rises substantially further. […]
Gold Vs. Silver – Very Important Medium-Term Signal
Image Source: UnsplashGold and silver soared and plunged together, but not at the same pace. And this can tell us a lot.The way in which both precious metals move relative to each other is not random. It has specific rhythms and patterns, and understanding what that means can give one an extra edge over other market participants. Every now […]
ETH balances in centralized exchanges fall to lowest level in three months
Ethereum (ETH) investors withdrew 56,089 from crypto exchanges in the last 24 hours, according to on-chain analysis platform Nansen. Moreover, the amount of ETH held in centralized exchanges hit the lowest level in the last three months, totaling 20,288,992 ETH.ETH flows in centralized exchanges in the last three months. Image: NansenCrypto outflows from centralized exchanges […]
