Markets move down!

Stocks fall

Pressure appears to be building as the stock market bull run falters. Major indices have given up gains and moved away from lofty highs. The DOW, S&P 500 and Nasdaq all closed down – each losing around 1% on Wednesday, 18th August 2021. The FTSE 100 and DAX, Nikkei and Hang-Seng all lost ground too. U.S. markets down U.S. markets % change Value Change Dow Jones – closed at -1.08% 34960 -383 Nasdaq – closed at -0.89% 14526 -130 S&P 50 – closed at -1.07% 4400 -48 U.S. Markets closed…

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U.S. indices sit at all time highs – but where now?

Bull market

The DOW at a jackpot high! The DOW, S&P 500 and Nasdaq have recently touched all time highs but where now for the U.S. stock market? Is it time for a breather? More upside? Many analysts suggest there is still room for more gains, especially for the S&P 500 – but I’m not so sure. I feel a 100% gain for the S&P 500 since the March 2020 pandemic drop may indicate it is vey close to a top in this cycle. Job creation, economic data, good company results and…

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Markets up! Markets down! That’s what they do…

Market high

Dow hits 35000 Markets move up and markets move move down – that’s what they do. So we really shouldn’t be that surprised when new record highs are broken – but this always makes for a good headline. The Dow this week re-gained all of the losses from the previous week as it bashed through the 35000 point mark. At these levels – it doesn’t take too many percentage points to gain a new high marker. Moving from 34000 to 35000 is only around 2.9% and it has taken about…

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One minute the virus isn’t a problem, when it is – then it is a problem, when it isn’t! What the hell? (As far as the stock market is concerned)

Fearful

Stocks tumble on delta variant fears Stock markets took a hit Monday 19th July 2021, as the headlines read, ‘Dow tumbles 900 points on concern of a Covid rebound‘. Is Covid entirely to blame for this fall? No, not entirely. Fickle highs? So, why now, after all – the virus hasn’t bothered stocks since the massive fall in March 2020 – as stock momentum and economic recovery went into overdrive and pushed the Dow, S&P 500 and Nasdaq to new record highs. U.S. stocks fell aggressively Monday on concern a…

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Dow drops nearly 300 points as inflation and Covid-19 fears grow

Stock Markets

Dow down Inflation fears and the growing threat of the Covid-19 delta variant overshadowed strong retail sales data and better than expected earnings reports as the Dow fell after touching 35000 on the day. U.S. indices finish the week in the red The Dow lost nearly 300 points to close down at: 34688 S&P 500 closed down at: 4327 Nasdaq closed down at: 14427 Inflation fears The market had an eye on inflation even though the S&P 500 and Dow did touch record highs during the week. The consumer price index (CPI)…

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Fed keeps money tap open and flowing

Running tap with money

‘Ways off’ Jerome Powell – the Fed chair, said in a prepared statement yesterday that they are still a ‘ways off’ from altering policy and he expects inflation to moderate as it is seen as a temporary situation. He said that the economy needs to improve more before the central bank will change its ultra easy monetary policy. So no change there then – cheap free flow of money to be pumped further in to the all ready over expanded stock market. Jobs He also said that the labour market…

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Is the Dot-com problem of 1999 repeating itself?

Financial bubble

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. Nasdaq valuation tripled Since 2016 the Nasdaq has nearly tripled in value, with the market values of several large cap tech stocks, such as Amazon, Google and Facebook all passing the $1 trillion valuation. Microsoft and Apple are currently worth more than $2 trillion each. Now, excessive valuations…

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Dow S&P 500 & Nasdaq reach new records… again!

U.S. stock records

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 idea that at the beginning of the week. What is going on? Fears of runaway inflation have been swapped for worries about a rapid slowdown in global economic growth. As I see it there are three obvious elements in the shift…

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Is a stock market day of reckoning coming?

U.S. Bull Market

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 big tech gains. Correction due? If tech’s top stocks correct, can we expect the fallout to spread across markets due to tech dominance. The answer is a definite yes! U.S mounts strong recovery U.S. economic recovery has shown strength and resilience,…

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Bitcoin mining became more profitable as system algorithm adjusts after crackdown in China

Tech stocks

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 stand to make greater profits while most of the network’s miners move offline. It just became substantially easier and much more profitable to mine for Bitcoin. Bitcoin mining puzzles A bitcoin miner runs a program on a computer to try to…

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