By David Dittman On June 22, 202106:00 AM Eastern
The Federal Open Market Committee (FOMC) shook markets last week with its policy statement for June, as the specter of inflation seemed to rouse the central bank’s hawks.
St. Louis Federal...
By Marija Matic On June 21, 202103:00 PM Eastern
China’s crackdown on mining and trading has made the price of Bitcoin (BTC, Tech/Adoption Grade “A-”) bearish.
Bitcoin failed to break through its overhead resistance at $42,000 last week and...
By Jon D. Markman On June 21, 202102:40 PM Eastern
Following losses last week of 1.9% for the S&P 500, stocks opened today with a bang. There has been a good snap-back rally for cyclical issues and modest buying in big capitalization technology...
By Alex Benfield On June 21, 202101:50 PM Eastern
The crypto market has slipped since last week.
No worries! It’s still well within the trading range we’ve been stressing, and it confirms the “summer doldrums” we warned you about this past...
By Tony Sagami On June 21, 202109:00 AM Eastern
When it comes to American shoppers, it’s almost like the coronavirus pandemic never happened. Total retail spending is 19% higher today than it was before the corona crash of last year.
...
By Jon D. Markman On June 21, 202106:28 AM Eastern
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Schedule: We may take a day or two off this week if volatility is subdued.
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Trade began Friday sharply lower, and the trend never improved. By the close, the S&P 500 was off 1.3%...
By Sean Brodrick On June 21, 202106:00 AM Eastern
Many on Wall Street and in Washington D.C. breathed a sigh of relief this past week as crude oil prices pulled back from a recent peak.
Don’t be fooled! This is a short-term pullback in a bigger...
By Jessica Borg On June 20, 202106:00 AM Eastern
There’s no avoiding a certain word these days when it comes to stock market analysis: inflation.
“If you keep pumping money into the economy, eventually you’re going to see inflation ... Now we...
By Beth Canova On June 20, 202106:00 AM Eastern
If you’ve browsed our issues over the past two weeks, you’ll see two stories popping up a few times: the rise of inflation and the acceptance of Bitcoin (BTC, Tech/Adoption Grade “A-”) as legal...
By Jon D. Markman On June 18, 202103:53 PM Eastern
A week ago, I was skeptical investors would completely abandon cyclical stocks. It’s now clear that the process is well underway, with a helping hand from the Federal Reserve.
The Fed met this...