Ripple Price Surges 17% as Crypto Market Makes $15 Billion Advance

The cryptocurrency markets continued their steady advance on Monday, with the majority of top 100-coins and tokens rising against the value of the US dollar — and none declining more than 10 percent. The day’s top performer was the Ripple price, which rose 17 percent to once again break past dollar parity, though several other … Read more

World’s Best Performing Macro Hedge Fund Lost 16% Last Month

The PruLev Global Macro Fund gave up almost one-third of last year’s 52 percent gain in February, after being caught out by the return of volatility. The fund, the world’s best performer last year among macro funds with assets of more than $100 million, lost 16 percent, mainly from stock bets, according to preliminary figures … Read more

Stock Market Update for Wednesday, February 28th, 2018

Stocks looked good in the morning, even though the data this morning wasn’t pretty. Pending Home Sales plunged 4.7% in January (massively below the 0.5% increase in sales that was expected) – this is the biggest drop since May 2010. Fast forward to around 2:00 PM and the indices completely let it go. It was a straight … Read more

Bears Get Rare Monthly Win

U.S. markets closed lower for a second-straight session to extend February’s losses following a volatile month with plenty of whipsaw action. Today’s action showed market strength throughout the day before a recent pattern of final hour selling pressure emerged to stall momentum. The Russell 2000 plummeted 1.6% after closing at its session low for a … Read more