This year has been one of the best years for the stock market in history — and it’s not just U.S. stocks that have been rising. Equities around the world have been on a tear. One of the markets that’s been doing particularly well is Japan, where stocks have seen […]
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Charts show Apple’s market cap could pass $1 trillion by year-end: Technician
Apple could soon surpass a major milestone, according to TradingAnalysis.com founder Todd Gordon. Looking at a chart of the tech giant, Gordon points out what he describes as a “very strong” uptrend going back to the summer of 2016. Drawing a parallel channel line leads the technician to conclude that […]
It’s not just the US — emerging markets are having a record year
Equity markets in the U.S. have notched record after record in 2017, but emerging markets are on pace for a record year of their own. One popular emerging markets-tracking exchange-traded fund, the iShares MSCI emerging markets ETF (EEM), has rallied 32 percent this year, on pace for its best annual […]
Alibaba’s Singles’ Day lures top global brands, amassing billions in sales
For Alibaba, the future is retail. And a lot of it. This Saturday, the Chinese e-commerce giant will hold its annual Singles’ Day event, which last year grossed a whopping $17.8 billion in sales, up from $14.3 billion in 2015. To put those sales figures into perspective, Singles’ Day has […]
A leading indicator for stocks is breaking down
One leading indicator for the equity market is breaking below a key support level, a move that could have negative implications for stocks. The iShares high-yield corporate bond exchange-traded fund, the HYG, has fallen below its 200-day moving average, which it had held above for much of this year. This […]
The Nasdaq is having an unprecedented year, and just set another historic record
If 2017 already felt like it was shaping up to be a record year for market records themselves, there’s one more statistic to add to the history books. The Nasdaq composite has hit more all-time closing highs this year than any year on record, according to a new report from […]
Stocks seeing rare stretch of ‘overbought’ conditions, and Bespoke’s Hickey calls it ‘impressive’
It appears stocks are heading deeper into overbought territory with this week’s new highs. According to Bespoke Investment Group co-founder Paul Hickey, prices in the S&P 500 haven’t justified fundamentals for more than 40 trading days in a row. That’s the longest streak for the index in nearly six years. […]
Trump’s China trip is a test for US natural gas exports
President Donald Trump‘s entourage on his trip to Asia includes a pair of natural gas executives, a sign that the White House is eager to build on progress earlier this year to ship more of the fuel to China. Natural gas demand in China is rising and poised to boom […]
Trump’s China trip is a test for US natural gas exports and his ‘America First Energy Plan’
President Donald Trump‘s entourage on his trip to Asia includes a pair of natural gas executives, a sign that the White House is eager to build on progress earlier this year to ship more of the fuel to China. Natural gas demand in China is rising and poised to boom […]
Bitcoin surges 11% to record above $7,800 after developers call off plans to split digital currency
Bitcoin jumped 11 percent Wednesday after the developers behind an upcoming split in the digital currency through an upgrade called SegWit2x announced they were suspending plans for the upgrade. The digital currency hit a record high of $7,879.06, according to CoinDesk. Bitcoin in the last 24 hours Source: CoinDesk “Our […]