Bitcoin was at $15,000 when I wrote this post before Christmas warning against getting involved in the bitcoin or any cryptocurrency market. Bitcoin has crashed to $8,000 today losing about 50% of its value in two months. However, one crytocurrency analysis also pointed
February 7, 2018
Wynn Resorts CEO and iconic Vegas figure Steve Wynn is out as the top man at his eponymous company today as the fallout from last-week’s sexual misconduct allegations continue to resonate throughout the gambling industry. Wynn Resorts, Limited (WYNN) owns
Today was another whippy day in the markets. The usual suspects juiced the SP 500 markets higher in an attempt to reassert the exceptionalism of the American economy. Alas, it was not to be. After European markets closed and before Asia
CNBC’s Julia Boorstin reports on the quarterly earnings report for Twenty-First Century Fox.
Zynga Inc (ZNGA) released its Q4 2017 earnings report after closing bell tonight. Zynga earnings amounted to 1 cent per share on $223.3 million, while analysts had wanted to see $213.4 million in revenue. Zynga beat management’s guidance by about
Just when you thought it was over, the late-day tumble in stocks and surge in volatility has extended after-hours with Dow futures tumbling and XIV notably lower (VXX higher)… As XIV drops, VXX is also rising notably… All major US equity
Yelp Inc. released its Q4 2017 earnings report after closing bell tonight. Yelp earnings came in at $1.60 per share on a GAAP basis on $218.2 million in revenue, while analysts had been looking for $214.9 million in revenue. In
New 52-week lows dropped down to harmless levels which means that the selling pressure has been reduced. Now I think we have to wait a bit and let the market retest its recent highs and lows between 2600 and 2750
(Audio length 00:11:51) Chris Temple joins me to wrap up the markets today. What might become the new normal we saw US markets choppy and yields continue to rise after a weak 10-year note auction. On the USD side, the
There is no change to the risk budget this month. For the moderate risk investor the allocation to bonds is 50%, risk assets 45% and cash 5%. Despite the selloff of the last week I don’t believe any portfolio action
