No matter if one analyzes Ether’s (ETH) longer-term or weekly time frame, there is little hope for bulls. Besides the negative 69% year-to-date performance, a descending channel has been pressuring the ETH price while offering resistance at $1,200. Ether/USD 4-hour price index. Source: TradingView Regulatory uncertainty continues to weigh down the sector. For example, Starling, … Read more
Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Professional stock pickers are still betting that the U.S. economy could skirt a recession, according to Bank of America analysis. Actively managed mutual funds have maintained their pro-cyclical stance with overweights in consumer discretionary and industrials, while having a sizeable underweight in consumer staples, … Read more
(Bloomberg) — The stock market’s shocking reversals Thursday after a hotter-than-expected inflation report caught many on Wall Street by surprise. Just ask IUR Capital’s Gareth Ryan. Most Read from Bloomberg Futures contracts on the S&P 500 and Nasdaq 100 indexes plunged after the consumer price index rose more than anticipated in September. Ryan, a managing … Read more
CNBC’s Jim Cramer gave investors advice on how to build a strong portfolio during the Federal Reserve’s struggle to reduce inflation. Source link
For many, he’s the worst fraudster since Elizabeth Holmes fooled some of the world’s smartest people with her blood testing company Theranos. Trevor Milton is due in court today, where he will stand trial for manipulating investors with promises he was the next Elon Musk and his company, Nikola Corp., the next Tesla. He even … Read more
Virtual reality (VR), augmented reality (AR), the metaverse, and all the sorts have been intriguing technological trends that excited many investors last year. Though most of the hype has died down and valuations have contracted, such themes are not going anywhere. In fact, it may be wise to reconsider many of the fallen VR/AR stocks … Read more