Pure speculation Dot-com companies were all the rage in the late 1990’s with the internet the new kid on the block. Speculative investing was rife and led a 400% climb in the U.S. Nasdaq between 1995 and 2000. By October 2002, it had collapsed by almost 80% from its peak. NasdaqRead More →
New Dow record just short of 35000 Dow Jones Industrial Average on Monday closed just shy of 35000 after gaining 126 on the day. Earnings report Second quarter earnings season kicks off this week with earnings from two big banks, along with some other companies. Pepsi co. came up withRead More →
After a weird week for U.S. stocks – the Dow, S&P 500 and Nasdaq yet again notch new records on Friday after losing ground during the week Inflation and growth Do you believe stalling economic growth is a bigger threat than inflation? Right now I have less of an ideaRead More →
Major U.S. stock indexes fell Thursday on concerns of a slowing global economic comeback from the pandemic. The losses came as countries grappled with a fresh virus cases due to Covid variants. Japan declared a state of emergency in Tokyo and said the games will be spectator free. Indices drop The DowRead More →
House prices set to continue rising as housing supply reduces A lack of available properties is pushing house prices up, according to a surveyors report released Thursday 8th July 2021. As a result, a majority of Royal Institution of Chartered Surveyors (RICS) members believe prices will continue to rise duringRead More →
Main points from OECD statement 22 million jobs have been lost in advanced economies due to the pandemic Job retention schemes have saved around 21 million jobs Wealthy countries face the threat of rising long-term unemployment Low skilled workers will most feel the sustained affect of unemployment as these sectorsRead More →
All time records set again The S&P 500 rose to an all time high of: 4358 The Nasdaq closed at an all time high of: 14664 Big tech stocks do the heavy lifting Popular technology and internet stocks once again outperformed the market on Wednesday 7th July 2021. Investors boughtRead More →
Halifax housing data The Halifax data out today, suggested house prices dipped 0.5% in June as the stamp duty holiday began to be phased out. Prices were up 8.8% over the year, leaving average prices still more than £21,000 higher, following a recent period of gains. In the last yearRead More →
Some analysts believe a pullback in tech stocks is inevitable… and soon On Friday 2nd July 2020, the Nasdaq closed at an all time high of 14639 – up 121% since the Covid 19 low of 23rd March 2020. The broader S&P 500 and Dow have also closed at fresh record highs benefiting from bigRead More →
Hashrate drops More than 54% of bitcoin’s hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its peak in May. The Bitcoin code has re-calibrated to make it approximately 28% less difficult to mine. Miners who are still plugged into the network standRead More →