By Mike Larson On June 16, 202106:00 AM Eastern
Is it time to start thinking about buying fewer Treasurys and mortgage bonds? Or raising interest rates at some point during the Biden administration’s first term?
Wall Street anxiously awaits...
By Jon D. Markman On June 15, 202103:26 PM Eastern
Stocks slipped in early afternoon trading Tuesday after retail sales dropped by more than expected and ahead of the Federal Reserve’s monetary policy statement Wednesday.
The Dow Jones...
By The Weiss Crypto Team On June 15, 202103:00 PM Eastern
Talk of inflation is everywhere.
Just last week, Treasury Secretary Janet Yellen said inflation could climb as high as 3% this year as the economy recovers from the depths of the coronavirus...
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By Jon D. Markman On June 15, 202102:32 PM Eastern
Everything that seemed to be driving stock prices a month ago has been flipped upside down. Inflation is no longer a problem and tech is cool again.
The tech-heavy Nasdaq Composite roared Monday...
By Sean Brodrick On June 15, 202101:25 PM Eastern
Well, aren’t we glad we rang the cash register on Freeport-McMoRan Inc. (NYSE: FCX) last week? We track a banked gain of 37.63% — yours may differ — and the stock has continued to slide lower ever...
By Jon D. Markman On June 15, 202106:28 AM Eastern
Stocks lurched Monday to fresh record highs. It wasn’t pretty, but there are no extra points for smoothness or style. The Nasdaq continued to outperform as strength for technology issues pushed...
By Jon D. Markman On June 15, 202106:00 AM Eastern
It was another wild weekend for the cryptocurrency market.
Bitcoin (BTC) popped again, and Jim Bianco is leaving little doubt about why.
I’m fascinated by what’s happening in crypto,...
There has been a plethora of good news surrounding Bitcoin (BTC, Tech/Adoption Grade “A-”) lately, starting with the adoption of Bitcoin as legal tender by El Salvador. Now, its price is climbing...
By Alex Benfield On June 14, 202103:00 PM Eastern
After over a year of COVID-19 lockdowns and a cryptocurrency bull market, we expected the first major cryptocurrency conference would be a popular event. But very few would have guessed how...
By Jon D. Markman On June 14, 202102:40 PM Eastern
Stocks are stunted today as the reopening trade continues to flounder and tech stocks try to rebound.
I wrote last week that the reaction to the latest consumer price data is weird at best....