A surging dollar and a capital flight from emerging markets may lead to another “major” financial crisis, investor George Soros said, warning the European Union that it’s facing an imminent existential threat. The “termination” of the nuclear deal with Iran and the “destruction” of the transatlantic alliance between the EU and the U.S. are “bound … Read more
Italian President Sergio Mattarella decided Sunday to block the formation of a euroskeptic government, reviving longstanding worries about a political crisis in Italy and the broader stability of the Eurozone, according to Dow Jones Newswires. The Dow fell on Friday as a decline in oil and concern over a scuttled summit with North Korea made … Read more
It’s hard to make a confident case the summer of 2018 will either be “hot fun” or particularly cruel. The weight of the evidence tilts toward some more aimless knocking around, punctuated by a few bursts of excitement, and probably a couple of attempts by the bears to raid investors’ picnic. Memorial Day weekend marked … Read more
Stocks dropped on Friday ahead of Memorial Day weekend but managed to finish the week higher. So what were traders focused on this week? Trade Relations With China – The week began with Treasury Secretary Steven Mnuchin saying the trade war has been “put on hold.” And the week ended with a report that the U.S. … Read more
Stocks finished the day right where they started. But the end of day numbers are a little misleading because there was a LOT of action today! After a slightly lower open, stocks tumbled after President Trump announced his decision to cancel the meeting with Kim Jong Un. The decision was based on “tremendous anger and open hostility”, … Read more
This morning things looked pretty ugly. With lingering concerns over the trade situation with the U.S. & China, the major indices dropped overnight and kicked off the session with losses. But everything changed after today’s Fed Minutes. The minutes from the May FOMC meeting showed that the Fed is looking to raise rates in June. But higher … Read more
Avi Salzman, a senior editor for Barron’s magazine, released a report this week featuring big money investors and executives from the rapidly growing cryptocurrency sector who generally believe, despite the recent bitcoin price drop, cryptocurrency will inevitably replace fiat. Inevitable Outcome Over the past five months, the valuation of the cryptocurrency market has dropped by … Read more
U.S.-China trade relations were the focus again today. China announced that it will cut import tariffs on U.S. autos and some auto parts on July 1st. But there are some concerns over the deal with Chinese telecom company ZTE. President Trump also addressed the upcoming meeting with North Korean leader Kim Jong Un, saying that the meeting … Read more
Investors in Chesapeake Energy Corporation CHK need to pay close attention to the stock based on moves in the options market lately. That is because the May 25, 2018 $3.50 Put had some of the highest implied volatility of all equity options today. — TRENDING NOW— $330,000 per year trading part-time? Check Out This Video … Read more
Over the past 24 hours, the valuation of the cryptocurrency market has dropped from $390 to $373 billion, by more than $17 billion. The bitcoin price dipped below $8,300 and the value of Ether, the native cryptocurrency of the Ethereum network, dropped to $690. Main Factors Behind the Cryptocurrency Market Slump The recent correction of … Read more