The small-cap Russell 2000 is coming into focus for one equity strategist this week as the Senate is expected to debate the proposed tax reform bill. Matt Maley, equity strategist at Miller Tabak, will be watching the small-cap index because it is particularly sensitive to the ebbs and flows of […]
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Oil prices will probably sell off after a key meeting of big producers. Here’s why
Market watchers see few opportunities for oil prices to rally — but plenty of room for them to fall — after a critical meeting of energy ministers later this week. About two dozen oil exporters, including top producers Saudi Arabia and Russia, meet on Thursday in Vienna to discuss extending […]
Bitcoin could ‘easily’ reach $40,000 by the end of 2018, hedge fund legend Novogratz says
Former Fortress hedge fund manager Michael Novogratz said Monday that bitcoin can multiply more than four times in roughly the next 13 months. “Bitcoin could be at $40,000 at the end of 2018. It easily could,” Michael Novogratz said Monday on CNBC’s “Fast Money.” “Ethereum, which I think just touched […]
One barometer of risk is within striking distance of a key level
Despite relative calm in the foreign exchange market at the beginning of this post-holiday week, the market will be closely watching persistent dollar weakness, in particular the key 111.0 support level in the relationship between the U.S. dollar and the Japanese yen. Some equity traders pay close attention to the […]
The weakness in dollar/yen price action is a bad sign for dollar bulls
Despite relative calm in the foreign exchange market at the beginning of this post-holiday week, the market will be closely watching persistent dollar weakness, in particular the key 111.0 support level in the relationship between the U.S. dollar and the Japanese yen. Some equity traders pay close attention to the […]
Bitcoin exchange Coinbase has more users than stock brokerage Schwab
The operator of the largest U.S.-based bitcoin exchange has more users than brokerage Charles Schwab. “With all the talk about bitcoin, a good deal of people are also starting to open accounts where they can buy and sell crypto-currencies,” Bespoke Investment Group said in a Friday blog post. Schwab reported […]
Wall Street analysts dub Gap the ‘weekend winner,’ citing strong mall traffic
Wall Street is declaring Gap Inc. a “weekend winner” as strong department store traffic over the Thanksgiving and Black Friday holiday hints at a better-than-expected holiday season. While analysts were impressed with mall shopping overall, Gap companies including Old Navy were the “biggest surprises.” “Traffic and conversion appeared solid on […]
Veteran strategists see bull market nearing end, after one final eruption upward
Broad agreement seems to be spreading on Wall Street that we are late in this economic and market cycle. But what exactly does that mean for investors when no one knows for sure how long it can “stay late” — or how generous the market might be before the cycle […]
Bitcoin’s post-Thanksgiving surge carries it to a new record high above $9000
Bitcoin is getting in on the shopping surge of Thanksgiving weekend. The digital currency soared above $9,400 to a record high Sunday following increased investor interest around the U.S. Thanksgiving holiday and Black Friday shopping. Bitcoin rose more than 8 percent to a record high of $9,484.91 according to CoinDesk, […]
Five extravagant holiday travel packages that give you breakfast with Santa, and jeweled gifts
Source: Ritz-Carlton Charlotte, N.C. One of three made-of-macaron trees at the Ritz-Carlton Charlotte, N.C. There’s no charge to visit the Holiday Wonderland, on view now through Dec. 27 in the lobby of the Ritz-Carlton Charlotte in North Carolina — but it will certainly make you hungry. Decorations include three trees […]