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I don’t mean to be one of those people who has predicted 19 of the past 2 recessions, but a lot changed in the stock market over the past week that has me thinking this is not the dip to buy. Here’s the skinny: FED JAWBONING: First we Fed Chair Jerome Powell cut interest rates […]
Facebook is slated to release its own cryptocurrency Tuesday, a coin called Libra that is said to compete with Bitcoin and Litecoin. Bitcoin has had discussions with Litecoin and its Lightning network in the past, and recent discussions with the US Treasury, The Bank of England, and Western Union. Officially, FB now looks to have […]
Courtesy of The Virginian Pilot: According to Yahoo Finance Monday morning, and a write-up by The Virginian Pilot, insurance costs are finally forcing doctors to rethink their business model. You may think, ‘wait, don’t doctors make a ton of money off of insurance?’ Well, yes and no. The insurance companies collect massive amounts of money […]
In a recent interview with CNBC, Charlie Bilello of Pension Partners outlined the correlation between Bitcoin and the stock market. Spoiler Alert: There is no correlation! In 2017, as Bitcoin soared toward 20,000, the stock market put in new highs, seemingly in sympathy with the rise in Bitcoin. In February and March of 2018, the […]
There continues to be hysteria and paranoia around what some are calling a ‘melt-up’ in stocks – a continuous drift higher with no apparent reason or catalyst. But is this really the case, if we look under the hood? Are stocks really moving up ‘for no reason?’ As the Federal Reserve continues to push interest […]
A stock trader recently posted an infographic to Twitter, proposing that spikes in Google searches for FANG stocks meant trouble for FANG stocks. FANG stocks are the 4 horsemen of tech – Facebook, Amazon, Netflix, Google. The post showed Amazon stock [only 1 of 4 FANG stocks!] trading down when the ‘FANG Stocks’ searches spiked. […]