Category Archive: Cryptocurrency, No picture
“US government can’t go bankrupt because we can print our own money,” says Biden Administration
In a documentary released today, titled “Finding the Money,” Jared Bernstein, Chair of the Council of Economic Advisers and a key advisor to President Biden on economic policy, made controversial comments about the US government’s ability to print money. “The US government can’t go bankrupt because we can print our own money,” said Bernstein. His […]
Are Fed Rate Cuts Still Possible This Year?
Image Source: PexelsExecutive summary: At its May meeting, the U.S. Federal Reserve said ‘greater confidence’ on the path of inflation is needed We believe that September rate cuts are possible if U.S. inflation moderates First-quarter European earnings are beating expectations Video Length: 00:05:16On the latest edition of Market Week in Review, Chief Investment Strategist for North […]
LayerZero demands sybil airdrop farmers to self-report
LayerZero, a protocol enabling connections between incompatible blockchains, has given sybil airdrop farmers an opportunity to self-report their addresses by May 17 in exchange for a reduced token allocation.According to LayerZero, those who decide to come forward will receive 15% of their intended allocation, while those who do not are at risk of receiving “nothing” […]
How An Eroding Job Market Could Cause Faster Rate Cuts
Image Source: UnsplashIn this video, I break down the unsettling layoff numbers this spring and discuss why weakening job data could push the Fed into potentially cutting rates three times this year. I also discuss recent inflation trends, the Fed’s balance sheet plans, & my outlook for recession.00:11:20More By This Author:Economic Outlook – Breaking Down Recession OddsInflation ‘Out Of […]
Gold’s Pullback And Miners
Image Source: UnsplashAfter blasting higher in a remarkable breakout surge, gold is pulling back. Such mid-upleg selloffs are normal and healthy, rebalancing sentiment to maximize uplegs’ longevity. Gold’s pullback is naturally weighing on gold stocks, fueling some bearishness. But since they didn’t soar to extremely-overbought levels like gold, their downside leverage should prove modest. The gold miners […]
Tackling Options Trading Tactics, The Outlook For Tech, & 2024 Market Trends
Image Source: UnsplashIn this video, we discuss options trading tactics and stock market trends. We first cover the loss of momentum in sectors like technology and financials over the last few weeks. We note how high expectations were heading into Q1 earnings, and how company executives like JPMorgan Chase & Co. (JPM) CEO Jamie Dimon have shared more muted outlooks on […]
Solana to join Bitcoin and Ethereum as top crypto assets, $1.6 trillion asset manager predicts
Franklin Templeton, a global investment firm managing 1.6 trillion dollars, has released a report titled “Solana: Accelerated Adoption,” which predicts that Solana is positioned to become the third major crypto asset after Bitcoin and Ethereum. The report states, “Our view is that Solana’s growth is likely to continue because it is well positioned to capture […]
Softs Report – Friday, May 3
Image Source: Unsplash Cotton – General Comments Cotton was lower again yesterday, and trends remain down in the market. Demand remains a problem. The export sales report showed poor sales once again, and demand is not likely to improve with the US dollar stronger. The USDA made no changes to the domestic supply or demand sides of […]
Investor loses $71 million in WBTC, tricked by poisoned address
A crypto investor sent over 1,155 Wrapped Bitcoin (WBTC) to an exploiter address this Friday, according to reports on X from blockchain security firms CertiK and Cyvers. The amount is equivalent to over $71 million in Bitcoin’s price at the time of writing, and the mistake was purposely caused by a “poisoned address attack.”Address poisoning […]
3 Low-Volatility Dividend Stocks
Image Source: UnsplashThe S&P 500 is coming off a strong year, with a 23% return seen in 2023. If the market takes a downturn in the back half of 2024, investors can attempt to lower their portfolio volatility by reviewing a stock’s beta value (a common measure of stock volatility) when purchasing a stock.Generally, the higher […]
