Today traders were focused on the Fed. But there was a lot of activity overnight after a big democratic upset in Alabama. Scandal-ridden Roy Moore lost to Doug Jones for Senate, bringing the split in the Senate to 51 Republicans and 49 Democrats. The major indices initially dropped on the news, with traders concerned that a … Read more
Cryptocurrencies achieved another historic milestone this week, as their combined market caps leaped above the $500 billion mark on the heels of an altcoin rally led by the ethereum and ripple prices. Cryptocurrencies Now Worth Half a Trillion Dollars The cryptocurrency market cap had begun the day at $467 billion, and it seemed unlikely that … Read more
Original Link | RockwellTrading by Markus Heitkoetter After a higher open, stocks were sideways in the morning. But the DOW was the exception. Boeing (BA) took flight (pun intended) after announcing a dividend hike and massive buyback program. And a 1.1% gain in Boeing helped lead the DOW higher. By the end of the session, both the S&P … Read more
Original Link | DailyReckoning.com by GREG GUENTHNER The busy holiday shopping season is giving a boost to more of the market’s so-called “dead” retail stocks. We kicked off December trading by showing you how brick and mortar retailers that have successfully built out their online shopping options are standing strong against the Amazon juggernaut. The … Read more
Original Link | StreetAuthority.com by Richard Robinson Energy master limited partnerships (MLPs) have taken a beating over the past year or so — and for good reason. Soft energy prices have driven many MLPs to make significant cuts in their dividends. Even those that haven’t cut their dividends have had a tough time raising them. … Read more
Original Link | RockwellTrading by Markus Heitkoetter Stocks kicked off the week with new records. After a slightly higher open, the major indices worked their way higher in a slow rally that lasted all session long. The S&P and DOW closed at record highs in spite of an attempted terrorist attack in NYC and tensions in Israel with missiles … Read more
Original Link | DailyReckoning.com by ZACH SCHEIDT This is a historic week for what is already measured as the second most speculative bubble in financial history (and could be the first when all is said and done). Today — well technically last night — Bitcoin futures were launched on the CME futures exchange. What does … Read more
Original Link: CoinTelegraph.com By Rakesh Upadhyay Bitcoin is on the cusp of mass adoption, with futures trading starting on the CBOE from 6 p.m. ET on Sunday and on the CME from December 18. After the buying frenzy of the past few days, the question in everybody’s mind is whether the trading in futures will … Read more
Original Link | RockwellTrading by Markus Heitkoetter The major indices kicked off the session slightly lower and finished the day mixed. The NASDAQ was higher today even though Apple (AAPL)finished with its 4th loss in a row. On the news front, there wasn’t a whole lot going on. But President Trump declaring Jerusalem the capital of Israel has led … Read more
Original Link | Daily Reckoning by GREG GUENTHNER Tech stocks made a feeble attempt at a bounce yesterday. The Nasdaq Composite shot higher at the opening bell, only to lose its footing in the early afternoon. The tech-heavy index closed in the red for the third straight trading day. Even a casual market watcher knows … Read more