In addition to receiving a few questions about Bitcoin from a few relatives over Thanksgiving, the other common question/comment was “can you believe this stock market, how long can it last.” I confess I do not believe in market timing
November 25, 2017
The Shanghai Composite Index had its worst day of the year Thursday, down 2.3%. After beginning a well-defined price uptrend that started in May 2017, Wednesday’s move could trigger sensitive momentum algorithms to exit long positions, particularly those formulas that focus on
Fundamental Forecast for the US Dollar: Neutral US Dollar drops most in almost 2 months as 2018 rate hike bets cool Top-tier economic data, steady stream of Fed commentary loom ahead Politics remain a wildcard as traders weigh fiscal stimulus prospects The
Earlier this week we wrote how the price of Ethereum engaged in a mega breakout right after it crossed the triple top price level of $400. That was for us the trigger which confirmed our long-standing price targets: target of $550 still in 2017 and our longer
Stocks end the shortened holiday week right at the upper level of the expected move. Led by AMZN, AAPL, and GOOGL the major indices hit new all time highs. In this crucial weekend update learn what to expect next week
The market remains very strong as the Q4 holiday shopping season officially began. The S&P 500 topped 2,600 for the first time as buyers showed up with a very shallow two week pullback. The Nasdaq also hit a fresh record
Bitcoin is on the move – who’s surprised? Hilariously, everyone’s favorite “currency” that is definitely not a currency has managed to rally above $8,700: As usual, there is no readily discernible catalyst for this, which pretty much by definition means
China Renaissance, a Beijing investment bank and VC/PE investor, plans to expand its investment funds operations, climbing from $3 billion assets-under-management currently to $10 billion over the next three years (see story). At the moment, the company runs two funds: Huaxing Growth Capital,
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of November 27 November 27 New Home Sales – October 625K 667 620
There are two reasons why we often see great buys in November and December, at least for the short to intermediate term. First, individual investors owning what they believe (or believed!) to be quality companies have looked on hungrily as
