The Dow Jones struggled on Friday. A better-than-forecast U.S. jobs report failed to rally stocks. ING believes the bullish data comes at a terrible time for the Dow, given deadlock in D.C. over stimulus. The Dow Jones stumbled on Friday after a better-than-expected jobs report failed to distract investors from the weakness that still pervades…
While most pros think the stock market’s next 20% move will be lower, 30% believe it will go higher. The bearish case seems most likely than the bullish case as the recovery is bumpy. A slowdown in virus cases or a vaccine could accelerate the recovery and push equities to higher levels. According to Citigroup’s…
Multiple data points suggest Americans are more bullish on the stock market than they have been in years – maybe ever. Yet nearly half of U.S. households are cashing out retirement funds. Millions of U.S. consumers want to buy stocks. So why are they selling instead? The average investor’s response to the pandemic-driven stock market…
After a strong bounce, the stock market seems to be heading back into a correction. Investing pros are already eying the dip as a buying opportunity. Across Wall Street, traders are watching Nike, Home Depot, Amazon, and healthcare stocks. April was a wild month on the stock market. The S&P 500 chalked up its best…
Bitcoin volatility makes a stunning return. The “extreme fear” countertrade is back on the table. Bakkt futures record all-time highs. Bitcoin’s recent rise has sparked new hopes for BTC just in time for the holidays. Here are several signs that may indicate a Santa Claus rally is on its way. Bitcoin has been anything but…
Dow Jones futures are up this morning despite Trump’s impeachment. The stock market is being driven by positive economic sentiment. A flurry of earnings and economic data are in the cards today. Futures on the Dow Jones Industrial Average (DJIA) are up early Thursday morning as the market seems unmoved by President Trump’s impeachment by…
Bitcoin’s price action has given traders very little to be excited about. The chop between $10,000 to $8,000 is giving traders reason to anticipate an altcoin season. One margin trader has even gone on the record and said that alt season has already begun. The number one cryptocurrency has been in a slow bleed ever…
Bobby Lee: The Flippening Tim Draper’s Lightning Connection Tom Lee Shows His FAANGs The sentiment within the crypto ecosystem has taken a downward turn along with the overall market cap of late. Nevertheless, industry experts remain surprisingly optimistic about bitcoin’s future. Here are three recent predictions for BTC. Bobby Lee: Bitcoin to $1 Million by…
Apple can’t keep up with the demand for its just-unveiled iPhone 11. According to Nikkei, the company has increased the production of the phone by an additional 8 million units. This is a 10% increase from what Apple had ordered initially. A source told Nikkei that: This autumn is so far much busier than we…
