Bitcoin plunged Friday, taking the digital currency briefly below $11,000 and down 44 percent from a record high hit at the start of the week. Bitcoin had rallied to a record high above $19,800 on Sunday and was trading near $15,500 for much of Thursday New York time, according to […]
CNBC News
It’s not just bitcoin mining — real, pure metals and miners are on a tear
Quietly, while bitcoin and bitcoin mining have been grabbing headlines, actual metals and miners have been on a tear. The S&P metals and mining exchange-traded fund, the XME, has jumped nearly 13 percent in the last month, rising in 14 of the last 16 sessions. Some market watchers see further […]
Bank stocks are breaking out and could take the sector to uncharted territory in 2018
Financials have surged 7 percent in the last month, and Todd Gordon of TradingAnalysis.com says they’ll continue to rally into 2018. According to Gordon, the current economic outlook seems to be in favor of bank stocks, thanks to recent moves in one area of the market: bonds. “Bonds are pressing […]
The stock rally is unfolding so fast investment banks are already raising their 2018 forecasts
Credit Suisse and Canaccord Genuity joined a growing list of top Wall Street banks that have raised their 2018 outlooks for U.S. equity markets before the year has even started. The two echoed peers in citing the Republican tax bill in adjusting their S&P 500 targets higher, with a reduced […]
Bitcoin falls by more than $2,000, briefly dropping through $14,000 mark
Bitcoin and several other major cryptocurrencies plunged Thursday evening New York time as the end of an exponential year of growth neared. The slashing decline triggered temporary, built-in trading halts in the bitcoin futures traded on the CME and Cboe. Bitcoin plunged more than 17 percent to a low of […]
Bitcoin falls by more than $3,000, dropping through $13,000 mark
Bitcoin and several other major cryptocurrencies plunged Thursday evening New York time as the end of an exponential year of growth neared. The slashing decline triggered temporary, built-in trading halts in the bitcoin futures traded on the CME and Cboe. Bitcoin plunged more than 20 percent to a low of […]
Tax bill ‘winners’ could help drive the stock market’s traditional year-end Santa rally
Oh, by gosh, by golly, it’s time for the Santa rally. According to “Stock Trader’s Almanac,” the Santa rally officially begins Friday, the start of the final five trading days of 2017, and ends at the close Jan. 3, the end of the second trading day of the new year. […]
Three Dow stocks, including Microsoft, are poised for a major breakout
It’s been a record-breaking year for the markets as the major indexes track for their best annual performances since 2013. With the Dow sitting just a hair below yet another major milestone — 25,000 — Rich Ross of Evercore ISI says there are three names that could propel the index […]
Stocks are the most overbought in 22 years, and history says that’s bullish
It’s proved to be a major market theme this year: Stocks are hitting all-time high after all-time high in what appears to be an unstoppable juggernaut of an equity rally. Many say that’s cause for concern, as the broader market has seen so few pullbacks this year amid virtually no […]
History shows bond yields could reverse next week after sudden spike
The Treasury market was buzzing with tax talk this week, and yields quickly moved higher. But all the chatter about a bigger deficit, more government debt issuance and fears of faster Fed interest rate hikes could take a rest next week — and bond prices could move higher. The 10-year […]