From its #381 open to its highs at almost $430, COIN is now back at $311… on its way to the $250 Reference Price. and dragging the market with it. After setting […]
Coinbase Is Crashing… And Dragging The Market With it
Cryptocurrencies Surpass Apple Market Cap As Bitcoin, Ether Hit New Record Highs
As the much-anticipated day of Coinbases’s direct listing arrives, it is perhaps poetic that the for the first time ever, the market capitalization of the cryptocurrency space has surpassed that of Apple. Overnight […]
If you blinked, you missed it – NYFANG +16% in 12 days
All moves always move beyond what you initially thought was possible. In late March we suggested FAANGs were setting up for a move higher. In our post Is FANG now Value? For […]
Futures Slide After US Suspends J&J Vaccine
After trading flat for much of the overnight session in anticipation of today’s key event, the CPI report (due out at 830am ET), US equity futures and European markets tumbled at precisely […]
Futures Spooked By Hottest Chinese Factory Inflation Since 2018
US equity future struggled for direction after hitting an all time high of 4,102 as investors assessed economic growth prospects against renewed inflation concerns after Beijing reported that in March China experienced […]
Credit Suisse Tightens Hedge Fund Lending As Senator Demands “Answers” From Banks On Archegos Blowup
Reports about regulators (including the SEC in the US and the FCA in the UK) grilling the banks involved in the Archegos Capital Management blow up emerged just days after the $20 […]
S&P Futures, European Stocks Hit New All-Time Highs As Rates Slide
European stocks hit a new record highs on Thursday, buoyed by optimism in Britain over easing lockdown restrictions, while the benign outlook on US interest rates revealed in the latest FOMC Minutes […]
Housing Market Euphoria Craziest In Years As Inventory Sinks To New Low
The housing boom sparked by the Federal Reserve during the virus pandemic was built on historically low mortgage rates (thanks to Powell), and accelerated by a combination of record low inventory as […]
US Futures Dip As European Stocks Finally Erase All Pandemic Losses, Hit Record High
Global stocks hit record highs on Tuesday, supported by strong economic data from China and the United States, although US equity futures slipped as concern China is curtailing loan growth tempered optimism […]
Report: 55 of America’s biggest companies paid zero taxes during the pandemic
The stock market boomed last year, despite a pandemic that put 45 million Americans people out of work. But dozens of the biggest, most profitable corporations in the United States still paid […]
