By Sam Blumenfeld On June 4, 202104:00 PM Eastern
• Bitcoin (BTC, Tech/Adoption Grade “A-”) is down roughly 6% today after Elon Musk tweeted a cryptic meme about breaking up with Bitcoin. It’s trading just below the $37,000 price level.
• ...
By Jon D. Markman On June 4, 202102:40 PM Eastern
The latest Non-farm Payroll data is out, and jobs are growing quickly (559,000) but not too quickly (671,000 estimate). It is actually the best case for bulls, a Goldilocks number.
It keeps the...
Investing in environmentally conscious stocks — and “ESG”-friendly names in general — gets a lot of press these days. We also keep hearing about how the traditional oil and gas sector is facing...
By Jon D. Markman On June 4, 202106:58 AM Eastern
In terms of market movers, it was more of the same on Thursday as cyclical issues roared to relative new highs, while growth issues mostly worked lower.
I’ve have been writing about this for...
By Jon D. Markman On June 4, 202106:28 AM Eastern
Despite a report that showed private payrolls grew by 978,000 in May, the S&P 500 tumbled all the way down to 4,167 moments after the opening bell.
That level, as I have been suggesting for a...
By Tony Sagami On June 4, 202106:00 AM Eastern
As the son of a vegetable farmer, I was acutely aware of seasons; spring was one that brought a mixture of blessings and curses. “Spring” meant baseball, and my family loved America’s pastime....
By Juan M. Villaverde On June 3, 202107:21 PM Eastern
The crypto bull run through May 2021, one of the biggest in history, has now occurred. As expected.
The correction into May 23, marking the transition to the next phase, has also arrived. As...
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By Jon D. Markman On June 3, 202103:00 PM Eastern
Stocks are mixed midday on Thursday, with the Nasdaq dropping and government bond yields rising after weekly jobless claims dived to the lowest level since March 2020, fueling speculation about an...
By Jurica Dujmovic On June 3, 202103:00 PM Eastern
Last week, we had an opportunity to get one of our analysts, Alex Benfield, featured on MarketWatch, discussing the Bitcoin (BTC, Tech/Adoption Grade “A-”) energy expenditure:
...
By Jon D. Markman On June 3, 202106:28 AM Eastern
Trade has been frustrating lately. Opening rallies have been thwarted. Late declines have not followed through. Stocks began Wednesday with a solid rally only to have most of the gains fade by the...