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This week’s CPI data could determine whether we’ll see a continuation of crypto’s bullish momentum.
Over the past month, the Nasdaq is up over 13%, the Dow is up 5.35% and the S&P 500 is up 7.61%.
Although remaining predominantly bearish, investor sentiment improved for a third consecutive week.
Monday, a heat dome settled over the country shattering temperature records. But plants & house pets aren’t the only things experiencing exhaustion. That same day, the S&P 500 shed another 1.29%.
Tuesday has brought a bump in price action.
Trading over the week was muted but showed some positive signs for the short term.
Considering how oversold the broad market looks after inflationary outflows, we could see a bounce sooner rather than later.
You know what I haven’t heard a lot of lately? Grand pronouncements and/or aggressive denunciations of Bitcoin (BTC) and cryptocurrencies … It’s been a while since we heard from Jim Bianco or...
One of the most important megatrends that I see is the expansion of artificial intelligence (AI). It’s increasing productivity, taking over jobs and driving innovation. In the next decade, AI will...
There’s a crucial boardroom scene in the 2011 movie “Margin Call” in which a junior mortgage analyst reveals to the investment bank’s CEO that they’re sitting on an enormous pile of toxic mortgage...