Bitcoin bounces back to $50,000 – more to come?

Bitcoin

Bitcoin gain Bitcoin hit $50,000 on Sunday, reaching a more than 3-month high, as the cryptocurrency continues to rebound. Bitcoin hit an all time high of over $64,000 in April 2021 – then but sold off in June and July, dipping below $30,000. But since mid July, bitcoin has been regaining lost ground. Other cryptocurrencies were also higher. Ether was trading up at around $3,302 Monday Market news roundup – morning business headlines U.S. stock futures rise and risky assets climb as attention turns to Jackson Hole Fed gathering –…

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Stock markets conditioned to run on central bank support

Bank

Market movement Stocks and oil prices fell on Thursday after the U.S. Federal Reserve intimated it could soon cut back its support An increase in the spread of covid-19 delta variant, signs of Chinese economic weakness and the Taliban’s takeover of Afghanistan also spooked investors. FTSE 100, Dow and S&P 500 FTSE 100 was down 1.5% in afternoon trading. The Dow Jones fell 86 points at the open, while the S&P 500 lost 0.40%. Later, Nasdaq and S&P 500 eked out small gains. U.S. markets % change Value Change Dow…

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U.S. economy above pre-pandemic level as latest GDP shows 6.5% growth

GDP

The U.S. economy grew thanks mainly to consumer spending but it was well below the expected growth level of 8.4% The U.S. economy is now bigger than before the pandemic hit – so why is the Fed still leaving ultra accommodative policies in place? After all – the economy, according to this data set is now fixed, isn’t it? Growth The U.S. economy grew rapidly in the spring and repaired most of the damage caused by the pandemic thanks to widespread coronavirus vaccinations and a nearly full reopening of the…

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Dow, S&P 500 and Nasdaq end at record highs!

S&P 500 record high

U.S. markets up again Even as tensions between the U.S. and China continue to rise and as the delta variant gains more attention in the U.S. – the U.S stock market go up. Investors also appear to shrug off inflation worries too. The Dow, S&P 500 and Nasdaq all notched up new highs, yet again! Earnings are the main focus at the moment and retail investors buy high The Dow climbed nearly 83 points to close at a record of: 351441 The S&P 500 rose 10.50 points to finish at a…

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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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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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U.S. inflation spreads through economy at 5.4% its biggest rise since 2008

Inflation

Secondhand vehicle purchases, car, van and truck rental, food, energy, clothing, travel (plane) tickets and hotels rose sharply in June 2021 The cost of living climbed by the largest amount since 2008 as inflation spreads more broadly through the U.S. economy. Transitory inflation? Fresh questions about whether the spike in prices will subside as quickly as the Federal Reserve predicts are back in focus again. Some analysts are now saying that not only is the U.S. economy hot – it is white hot! Price jump For the 12 month period,…

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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 touches 35000 as big earnings data due

Stock markets up

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 with earning beat. Banks are expected to release stellar results too. Inflation The market will also be watching a key inflation report due today at 13:30 (BST) with the release of June’s Consumer Price Index (CPI). CPI is expected to increase…

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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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