3 Factors That Could Supercharge Dow Jones to Shatter Record Highs – CCN.com

The Dow Jones Industrial Average could be gearing up for another record run. | AP Photo / Richard Drew Following the unexpected decision of U.S. President Donald Trump to consider establishing a partial trade deal with China ahead of the new round of trade deal talks, the Dow Jones increased by around 500 points within […]

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Billionaire Bond Investor Warns of 75% Chance of 2020 Recession Crunch – CCN.com

FILE PHOTO: Jeffrey Gundlach is sounding a recession alarm in election year 2020. | Source: REUTERS/Brendan McDermid/File Photo The fear of a US recession has been on the rise of late. Notable economist Robert Shiller recently said that he “wouldn’t be at all surprised” to see the US go into a recession next year, and […]

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Stock Market Investors Might Want to Be Greedy & Pile into Square

The stock market just suffered its most brutal week of the year so far, and Square was not immune to the pressure. Did investors overreact? | Source: Shutterstock The two biggest emotions that fuel the stock market are fear and greed. One will send stocks swooning, while the other can create bubbles. But as Warren […]

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Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market’s bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool’s gamble. That’s according to economist Mohamed El-Erian, who explained to CNBC’s “The Exchange” that a rate cut in July was likely but 50 […]

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Bitcoin, Facebook and the End of 20th Century Money

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. There is never a dull moment in the world of blockchains and cryptocurrencies. The two earth-shattering […]

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Ethereum to Skyrocket by 70 Percent Against Bitcoin, Predicts Analyst

By CCN Markets: On May 21, a pseudonymous cryptocurrency technical analyst named “Rampage” posted on Twitter that ETH/BTC is about ready to catch up to ETH/USD. In a tweet, the attached an image in which the price action of two markets is overlaid in a single chart. The analyst predicts that Ethereum will move higher […]

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Tesla’s Blockbuster 73% Sales Jump Fools Noone. It Changes Nothing.

By CCN: Morgan Stanley analyst Adam Jonas buried the lede in remarks on Wednesday, in which he touted Tesla’s 73 percent year-over-year increase in US sales for the month of May. Don’t be fooled by spiking numbers Jonas noted that Tesla delivered 11,300 vehicles in May, which was 2.6 times the combined total of all […]

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The Tech Stock Meltdown Is Just Getting Started Amid Antitrust Knockout

By CCN: We’re halfway to a bear market, at least for tech stocks. On Monday, it was a FANG bloodbath as the tech-heavy NASDAQ index skidded nearly 2 percent lower. It’s now down ten percent from its recent record highs. But don’t rush to buy the dip. Things could get a whole lot worse for […]

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Bitcoin Whales Are the Smart Money. Don’t Be the Dumb Money

By CCN: Owners of “whale wallets” scooped up 450,000 BTC as the bitcoin market hit bear-market lows in late 2018. It appears whales now control 25% of all BTC. Is this good or bad for bitcoin? Whales are smart money These private, non-institutional buyers decided an 85 percent decline was a buying opportunity. The market sent […]

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