Tom Lee Has Said It Again, Bitcoin Will Set A New All-Time High Tom Lee, founder and chief market strategist at Fundstrat, has doubled-down on his Bitcoin prediction yet again. According to him Bitcoin is heading up to a new all-time higher, possibly this year, and the equity market is why. His prediction is that […]
The Euro Rebounds, But Don’t Get Too Bullish Yet The ECB meeting was a big surprise this week. We were expecting some stimulus but maybe not the amount the bank delivered. Not only did Mario Draghi and his crew cut rates another 10 bps deeper into negative territory they started buying bonds again. The prime […]
The Brexit Has The Pound On The Move If there has been one thing moving the markets over the past two years that has grabbed my attention it is the Brexit. The Brexit is a monumental event for world politics, it is the succession of a major member-nation from the EU. Without doubt, the Brexit […]
Bitcoin Is Moving Higher, Don’t Count On New Highs Yet The Bitcoin/cryptocurrency market has cooled off, but that is a good thing. The market is up strongly YTD and a little consolidation is a healthy market mechanic, it sets the market up to continue moving higher later this year. Over the last few days the […]
The Dollar Index Has Broken Out To New Highs The Dollar Index got a boost from last week’s slate of economic data, data that belies the idea of impending U.S. recession. No single data point was what I would call robust but neither was there a weak one. GDP was revised lower for the 2nd […]
Easy Money Policy, It’s Back To say easy money policy is back is a misstatement. Easy money policy never really went away. Policy has been tightened in a few countries, specifically the U.S., and some other countries had been on target to tighten, but by no means is or was global monetary policy “tight”. That […]
It’s Not Looking Good, The Market Needs A Catalyst I just did a quick check of the top-four crytpocurrencies by marketcap that aren’t Bitcoin and I have to tell you, it doesn’t look good. The market appears set to move lower if for no other reason than there isn’t much reason to buy. If there […]
Jerome Powell Not So Dovish Jerome Powell’s comments at the Jackson Hole Federal Reserve Symposium failed to match the market’s expectations. The market is counting in an aggressive rate-cutting cycle and that is just not what the Fed is looking at. The remarks, the opening speech for the Symposium, cite mounting global worries, the impacts […]
Weaker Currency Means More Valuable Cryptocurrency If there wasn’t enough to drive the price of Bitcoin higher another catalysts for rising prices is emerging; easy money policy. Central banks around the world are gearing up to issue economic stimulus in an attempt to stave off the growth-slowing effects of the U.S./China trade war. Over the […]
The S&P 500 Is On The Brink Of Major Collapse The S&P 500 is going to move much, much lower. The broad market index has been pushed to it’s breaking point and frankly, I think the cracks are already showing. The underlying fundamental conditions remain positive, it’s not like we’re in a recession, but the […]