BTC's breakout has the market in a state of euphoria, QCP Capital said.
Coinbase Price Levels to Watch as Stock Surges to 3-Year High
Coinbase shares surged to a three-year high Monday as investors bet that higher trading volumes and a more favorable regulatory environment under the incoming Trump Administration could benefit the crypto exchange. Monitor these important chart levels.
Trump's win boosts forecast for 'Roaring 20s' to send the S&P 500 up 66% by the end of the decade, market veteran says
Ed Yardeni said Trump's win bolsters the his thesis of a "Roaring 20s" for stocks. He also upped his 2024 S&P 500 price target to 6,100.
'Old friend, new look': China's COMAC rebrands regional jet to C909 in marketing push
Chinese planemaker COMAC has rebranded its ARJ21 regional jet as the C909, aligning the plane with the state-owned firm's naming convention for its other models as it seeks to present itself as an alternative to dominant Western planemakers. The rebrand, which was unveiled at China's biggest air show in Zhuhai on Tuesday, features C909 painted in white on a blue tail. "After careful consideration, a long gestation and asking opinions of many involved parties, we chose to use C909 as a new commercial name to build the brand," Zhang Xiaoguang, COMAC's marketing director, told reporters.
JPMorgan says to watch this market threshold for when the Trump bump in stocks may end
Investors looking for signs of Trump-trade fatigue should watch the 10-year Treasury yield, JPMorgan says.
Record-breaking bitcoin rally nears $90,000 on Trump boost
Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly. It is surging along with Elon Musk's automaker Tesla, which is up nearly 40% since voting results rolled in as investors figure Trump's friends and interests will do well while he is in office. "Obviously (it's) a clear Trump trade as he is so supportive of the industry, and this can only mean more demand both for crypto stocks as well as the currencies themselves," said Nick Twidale, chief market analyst at ATFX Global in Sydney.
Trump could dial back some proposed policies to avoid upsetting a roaring stock market, Wharton professor Jeremy Siegel says
Trump is the "most pro-stock market president" in US history and will want to continue to appease investors, according to top economist Jeremy Siegel.
Mexico economy chief suggests possible tariff retaliation against US
Mexico's Economy Minister Marcelo Ebrard suggested on Monday that the Mexican government could retaliate with its own tariffs on U.S. imports if the incoming Trump administration slaps tariffs on Mexican exports. Ebrard made the comments in an interview with local broadcaster Radio Formula, in which he reflected on how President-elect Donald Trump threatened 25% tariffs on Mexican goods during his previous term in office at a time when the Republican leader sought concessions from Mexico's government on immigration enforcement.
Analyst adjusts Palo Alto Networks stock price target ahead of earnings
This is what could happen next to shares of Palo Alto Networks.
Trump's proposed trade war raises the chances of a US recession to 75%, Wall Street strategist says
A BCA Research strategist, Peter Berezin, said investors should be underweight in stocks because of President-elect Donald Trump's tariff plans.