Apple co-founder Steve Wozniak isn’t convinced that bitcoin will supplant national currencies to become a de facto global currency, but he says that he hopes this will one day be the case. Speaking on the sidelines of Money20/20 Europe, Wozniak told CNBC that he is attracted to the “purity” of the idea that people around … Read more
The major indices got off to a great start this week with stocks higher across the board. But trading was pretty quiet during the U.S. session. The major indices opened higher and stayed in a range for most of the day. The S&P’s 8.5 point range as actually the smallest range of the year for the index! … Read more
A stock portfolio made up of hedge funds’ favorite picks put together by Goldman Sachs is up twice as much as the broader market this year, which is struggling for gains. The Goldman Sachs Hedge Fund VIP basket is up about 4 percent in 2018, while the S&P 500 index has gained just more than … Read more
The topic for day 3 of the 30 days to master part-time swing trading challenge is moving averages. The Concept: Moving Averages Everybody uses moving averages. If you are reading this article, I’m sure you’ve experimented with them and have them on your charts. There are many different ways to use them, and I’ve tried just … Read more
Japanese financial institution SBI holdings has confirmed the launch of its cryptocurrency exchange, called ‘VCTRADE’, 15 months after its initial announcement in 2016. In an announcement on Monday, the Japanese financial giant revealed it will initially focus on trading XRP, the native token powering Ripple’s Consensus Ledger (RCL), with upcoming support for bitcoin (BTC). While … Read more
Stocks were active during the short week. In the end, the DOW struggled and the NASDAQ crushed it. Here’s what moved the markets last week Italy’s Government On Tuesday, stocks were lower around the globe over concerns in Italy. But things settled down after Italy’s President approved a coalition government. The concern earlier in the week was over … Read more
Wall Street’s broad indices are nearly flat for the year, but chances are that we can successfully navigate stocks for a profit. They might say “Sell in May and Go Away,” but the market’s major indices actually scored small gains last month after both a tumultuous start and a tumultuous finish to May. Two sectors … Read more
President Trump on Friday broke with decades of protocol and commented publicly about the highly anticipated jobs report data 69 minutes before they were released by the Bureau of Labor Statistics. Treasury yields moved sharply higher within seconds of a tweet from Trump that said he was “looking forward to seeing the employment numbers at 8:30 this … Read more
Stocks were lower today, giving up a large part of the gains from yesterday’s rebound. Trade concerns were in the spotlight again, after the White House announced that steel and aluminum tariff exemptions will expire for the European Union, Canada and Mexico. This will put a 25% tariff on aluminum imports and 10% tariff on steel imports. The S&P and … Read more
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard S&P 500 ETF, we found that the … Read more