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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U.S. businesses hit by new cyber attack

Cyber security

It has been reported that as many as 200 U.S. companies have been hit by a ransomware attack, according to a cyber security specialist. It was a ‘collossal’ hit! It was reported by Huntress Labs that the hack targeted Florida based IT company Kaseya before spreading through corporate networks that use its software. Kaseya said in a statement that it was investigating a ‘potential attack’. Huntress Labs said it believed a Russian speaking or linked REvil ransomware group was responsible. It is not thought Russia was directly involved. The U.S. Cyber…

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Microsoft valuation climbs above $2 trillion

Microsoft

Microsoft reached a valuation on Thursday 24th June 2021 of $2 trillion, becoming only the second U.S. company to do so, Apple being the first Achievement Microsoft became only the second U.S. company to close a trading day with a valuation above $2 trillion, joining Apple in an exclusive club. Shares of Microsoft closed up 0.5% in Thursday trading, finishing the day at $266.69 to give the technology giant a valuation of slightly over $2 trillion. Apple, which notched a $2 trillion valuation for the first time in August 2020, is now…

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Record highs for Nasdaq and S&P 500

Gamble

The only way is… up? The Nasdaq reached a record high on Monday 14th June 2021 as investors were tempted back into growth stocks ahead of a Federal Reserve two day meeting due to start on Tuesday 15th June 2021 Nasdaq The Nasdaq tech loaded index climbed 0.7% to an all time closing high of: 14174 clearing the previous record on 26th April 2021. S&P 500 The S&P 500 gained around 0.2% to make another record close at: 4255 boosted by technology sector gains. The Dow Jones Industrial Average slipped…

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U.S. tech stocks ‘risk on’ revival as Nasdaq jumps

Tech stocks

Nasdaq back in favour after falling 11% since recent high! On Tuesday, 9th March 2021, the Nasdaq climbed nearly 4% to enjoy its best day since November 2020. Investors poured back into popular growth stocks after a recent pullback. Will the risk on revival continue? Tesla surged 20% after falling as much as 33% over recent weeks. Apple gained more than 4% and Amazon rallied 3.8%. ‘Risky’ or ‘relative’ as investors buy the dip? Investors in general climbed back on board the tech stock merry-go-round backing risk assets again. Treasuries added…

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Bitcoin value climbs above $1 trillion as price jumps again

Bitcoin

Bitcoin’s value briefly surpassed $1 trillion again on Tuesday 9th March 2021, as the price of the cryptocurrency jumped The digital coin’s price rose on Tuesday and its market capitalization went above $1 trillion in overnight trade. It is only the second time that Bitcoin has surpassed $1 trillion after hitting that milestone for the first time on 19th February 2021. Bitcoin hit a 24 hour high of $54,348 – around 7% higher, but has since pared some of those gains. Bitcoin rally Even though bitcoin is off its all…

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Tesla chases every nickel, loses share value

Electric car

Tesla share value plummets as tech shares take a hit Since Tesla’s share peak in January 2021, the company has seen its share price plummet by some 33% – and that’s even after buying £1.5 billion Bitcoin to add to the balance sheet. Maybe this is partly why? Irony? There’s an irony here – of sorts. It is a well known fact that Bitcoin mining uses a disproportionate amount of energy to create the digital cryptocurrency, and this energy may even, and most likely is, produced using unclean and environmentally…

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Bulls and bears fight it out, yields, memes, a new ‘Buzzy’ ETF and Buffet

U.S. Bull Market

U.S. stocks closed down on Tuesday 2nd March 2021, as the fight between bulls and bears continued after Monday’s hike S&P 500 range bound? The S&P 500 is trapped in a range between 3,800 and 3,900 – a close above or below these levels will be important for the future direction of the market. Futures trade higher. UK stocks UK tocks moved higher in early trade Wednesday 3rd March 2021, with the FTSE 100 closing in on 6700 – will it stabilise and gain from here? EU stocks European stocks also…

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Photo editor software, Serif Affinity

Beautifully designed with both the professional and amateur user in mind. Picture the future If you could create your own photo editing software, it would work like this. Whether it’s quick corrections, delicate retouching, or immersing yourself in complex fine art with hundreds of layers, Affinity Photo has you covered. Serif Affinity Photo editor Affinity Photo has become the first choice for photography and creative professionals around the world, who love its speed, power and precision. Born to work hand-in-hand with the latest powerful computer technology, it’s the only fully-loaded…

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