The longtime trader shares his thoughts about market forecasting.
SEC plans to sue Unicoin—a sign outgoing Chair Gensler’s anti-crypto campaign is not over
The agency notified Unicoin of its intent to sue the company over violations related to fraud and unregistered securities.
Australian consumers fret over the economy in December, survey shows
Australian consumer sentiment took a step back in December as concerns about the economic outlook outweighed an improvement in people's own finances, a survey showed on Tuesday. The Westpac-Melbourne Institute index of consumer sentiment fell 2.0% in December, unwinding a little of the sharp gains seen over the previous two months. Westpac Senior Economist Matthew Hassan said the pullback was likely influenced by a disappointing reading on economic growth released in early December.
Big tech shares power Nasdaq to record high close. Bitcoin also climbs before Fed meeting
Big tech shares like Apple, Alphabet, Tesla and Broadcom all hit record highs, lifting the Nasdaq to one, too. Dow slips again as Fed meets this week.
Stock market today: Indexes rise ahead of Fed's final policy meeting of the year
Fundstrat's Tom Lee said stocks should rally into year-end due to favorable seasonals and a "buy the dip" mantra among active fund managers.
Ethereum is primed for a breakout, according to top crypto analyst
Fundstrat's Sean Farrell has nailed Bitcoin's price the past two years. Now, he says it's Ethereum's time to shine
Bitcoin buyer MicroStrategy ends flat after getting Nasdaq 100 nod
(Reuters) -MicroStrategy shares briefly surged on Monday before faltering to end nearly unchanged, after the software company and bitcoin stockpiler was selected to join the tech-heavy Nasdaq 100 index, further brightening the prospects of the stock. The $25.7 trillion index that houses the largest non-financial companies will now gain indirect exposure to bitcoin via MicroStrategy, which holds $44 billion worth of the digital currency on its balance sheet, about 2% of the total supply of the world's largest cryptocurrency. The prospect of more buying from funds that track the Nasdaq 100 could further boost MicroStrategy's stock that has surged nearly 550% this year alongside a jump in the bitcoin price.
Bitcoin reaches new all-time high of $107,000 after Trump confirms plans for Bitcoin reserve
The currency surged after Trump promised to “do something great with crypto.”
MicroStrategy to Join Nasdaq-100 as Bitcoin Rallies
Bitcoin proxy’s upcoming addition to the index will drive buying by QQQ ETF and other funds.
Nasdaq Closes at Record High; Dow Falls Ahead of Fed Meeting
The Nasdaq Composite closed at an all-time high Monday while the Dow Jones Industrial Average fell a