US stock market

Bitcoin’s Growing Correlation with U.S. Stocks Fuels Optimism Amid Rate Cut Speculations

According to Bloomberg, the 90-day correlation coefficient between Bitcoin and the Nasdaq 100 index, a tech-heavy benchmark, reached 0.46 this week—the highest since late August. A coefficient of 1 indicates that assets move in perfect sync, while -1 suggests they move in opposite directions. Per the article, when the Fed began raising rates in early […]

Robinhood’s Chief Brokerage Officer on the Evolution of Meme Stocks

On May 16, Steve Quirk, the Chief Brokerage Officer at Robinhood, appeared on CNBC’s “Squawk Box” to discuss the recent resurgence of meme stock trading and its implications for the market and retail investors. These were the main highlights of the interview: Volume and Participation Shifts: Quirk observed a shift in trading volumes compared to […]

Crypto Market Surges After Better Than Expected U.S. Inflation Data Increases Chances of a Fed Rate Cut Later This Year

According to CNBC, in a much-anticipated report from the Labor Department’s Bureau of Labor Statistics, the consumer price index (CPI) showed a modest increase of 0.3% in April compared to March. This figure was slightly below the Dow Jones estimate of 0.4%, indicating a minor easing of inflationary pressures. However, the year-over-year CPI still rose […]

With GameStop Share Price Skyrocketing, a Former SEC Chair Explains Why the Actions of “Roaring Kitty” and Resulting Meme Stock Frenzy ‘Bother’ Him

On May 14, during a segment on CNBC’s “Squawk Box,” former U.S. SEC Chairman Jay Clayton shared his views on the meme stock phenomenon, particularly focusing on the astronomical trading volumes of stocks like GameStop and AMC. Concerns Over Investment Practices: Clayton expressed significant concern over the behavior of market participants, especially retail investors who […]

Roaring Kitty and Retail Traders Revive Meme Stock Frenzy with GameStop (NYSE: GME) Surge

This week, Wall Street is witnessing a resurgence in meme stock activity, reminiscent of the dramatic events surrounding GameStop Corp (NYSE: GME) in 2021. A new wave of retail traders has significantly driven up the price of GameStop, the video game retailer that gained fame for its extraordinary rally two years ago. This rally led […]

Is Warren Buffett’s Loyal to Apple Misplaced? Is It Time for Him to Sell Berkshire Hathaway’s AAPL Holdings?

According to an article by Gregory Zuckerman for The Wall Street Journal (WSJ), Warren Buffett, known for his cautious investment style, made a surprising pivot in 2016 when Berkshire Hathaway began accumulating shares of Apple Inc. (NASDAQ: AAPL). Historically, Buffett and his partner Charlie Munger had steered clear of tech stocks, with Munger even describing […]

Starbucks (NASDAQ: SBUX) Q2 Fiscal 2024 Results Leave Investors With a Bitter Taste In Their Mouths

Earlier today, in an interview with Jim Cramer on CNBC’s “Squawk on the Street,” Starbucks Corp (NASDAQ: SBUX) CEO Laxman Narasimhan provided a candid look at the company’s disappointing fiscal Q2 2024 results. Yesterday, Starbucks issued a detailed press release shedding light on the complexities and strategic adjustments the company is navigating through these challenging […]

10x Research Founder Turns Bearish on Tech Stocks and Cryptocurrencies Amid Inflation Concerns

Markus Thielen, the founder of 10x Research, the analyst renowned for accurately predicting Bitcoin’s (BTC) bottom in November 2022 and its subsequent surge to record highs prior to the halving event, has now adopted a bearish stance on risk assets, including technology stocks and cryptocurrencies. This shift in outlook comes amid rising concerns over sustained […]

Goldman Sachs (NYSE: GS) Delivers Strong Q1 2024 Results: Surging Revenues and Record AUM

On April 15, 2024, Goldman Sachs, a premier global financial institution, unveiled its first quarter earnings for 2024. The report showcases an impressive financial performance, underscored by robust growth in net revenues, earnings, and earnings per share. Key Highlights from Goldman Sachs’ Q1 2024 Earnings: Net Revenues: Goldman Sachs posted net revenues of $14.21 billion […]

Bitcoin Mirroring Nasdaq? Analyst Predicts $90,000 by Year’s End if Trend is Confirmed

According to a popular cryptocurrency analyst, the price of Bitcoin ($BTC) has been “mirroring the Nasdaq’s price movements closely,” which could mean the cryptocurrency is headed toward the $90,000 mark later this year if the pattern is confirmed. In a post shared with his over 56,000 followers on the microblogging platform X (formerly known as […]

Short Sellers Double Down on $11 Billion Bet Against Crypto Stocks

Amidst the dramatic surge in Bitcoin, short sellers are not backing down from their pessimistic bets on cryptocurrency-related stocks, wagering billions in anticipation of a market downturn. According to a Bloomberg report by Carmen Reinicke published on March 26, data from S3 Partners LLC reveals that total short interest in the crypto sector has escalated […]

Trump Media & Technology Group (DJT) Stock Soars on Its Nasdaq Debut, Adding Billions of Dollars to Trump’s Net Worth

In a move that marks former President Donald Trump’s return to the forefront of public trading, his Truth Social platform commenced trading under the ticker “DJT” on Tuesday, as reported by CBS News. This venture positions Trump, identifiable by his initials, at the control of a publicly traded entity once more, with the shares of […]

Is Reddit (NYSE: RDDT) the Next GameStop (NYSE: GME)? Stock Rockets 37% in IPO Debut

Reddit shares continue to perform strongly in their Thursday IPO debut, currently trading at $47.57 with a staggering 40% increase since the opening price, reflecting a market capitalization of around $7.65 billion. This marks the first major social media IPO since Pinterest’s 2019 offering, according to a report by CNBC published earlier today. The 19-year-old […]

Tech and Crypto Surge: BoA’s Hartnett Cautions Bubble Traits Amidst Market Euphoria

In a compelling conversation with Bloomberg’s Francine Lacqua on March 14, Michael Hartnett, Chief Investment Strategist at Bank of America Corp., shared insights into the current state of the financial markets, directly from Rome at the Bank of America Global Investor Summit. His observations highlight a market infused with euphoria, potentially inflating a bubble, particularly […]

Solana ($SOL) Outshines Major Cryptos Amid Market Downturn Caused by Higher Than Expected U.S. PPI

Solana ($SOL) has continued its rally over the past 24 hours despite a downturn in the broader cryptocurrency market. According to data from CryptoCompare, currently (as of 7:10 p.m. UTC on March 14), SOL is trading at around $163.77, up 1.24% in the past 24-hour period. Meanwhile, Bitcoin ($BTC) and Ethereum ($ETH) are trading at […]

Amazon Joins the Dow 30: Mark Mahaney on What It Means and Outlook for the Company

On February 26, Mark Mahaney, the esteemed head of internet research at Evercore ISI, made an appearance on CNBC’s “Squawk Box” to share his expert analysis on a range of topics concerning the tech industry. He talked to co-anchor Joe Kernen about Amazon’s recent stock performance, its notable inclusion in the Dow 30, the broader […]

Goldman Sachs’ Updated Forecast: S&P 500 to Reach 5,200 in 2024

In a Bloomberg News article by Jess Menton and Farah Elbahrawy that was published on February 18, it was reported that Goldman Sachs Group Inc. has revised its S&P 500 target upwards for the second time in 2024, signaling Wall Street’s growing confidence in earnings potential. According to Bloomberg, this optimism is driven by increased […]

From Red Sea to Wall Street: Bloomberg Uncovers How Middle East Conflict Threatens U.S. Stocks

In a detailed report by Farah Elbahrawy for Bloomberg News, it’s highlighted that investors and corporations are increasingly concerned about the Middle East conflict’s impact on earnings, with boycotts affecting sales and disruptions in Red Sea shipping posing significant risks. Bloomberg claims that this situation threatens the ongoing rally in US stocks, with references to […]

Impending Liquidity Crunch: Morgan Stanley Executive Warns of U.S. Stock Market Turbulence

On February 15, during an appearance on Bloomberg TV, Lisa Shalett, the Chief Investment Officer (CIO) at Morgan Stanley Wealth Management, provided a comprehensive analysis of the current state of the U.S. economy and its implications for the stock market. Economic Conditions: A Closer Look Shalett began by addressing the overarching concerns surrounding economic conditions, […]

Robinhood’s Strategic Pivot Boosts Equities and Crypto Trading Success

Yesterday, in an appearance on CNBC’s “The Exchange,” Robinhood (NASDAQ: HOOD) Co-Founder and CEO Vlad Tenev discussed the platform’s strategies for retaining customers, the evolving demographic of its user base, and more, with technology reporter Kate Rooney. Tenev highlighted the significant role of promotions and incentives in attracting users to Robinhood, particularly emphasizing the benefits […]

Goldman Sachs Partner Explains Why She ‘Tactically’ Likes Russel 2000, Expects 5 Rate Cuts by the Fed Starting in May

In an appearance on CNBC’s “Closing Bell” yesterday, Sara Naison-Tarajano, the global head of Private Wealth Management Capital Markets at Goldman Sachs, shared her outlook for the U.S. stock market in 2024. The Market’s Bullish Trajectory Naison-Tarajano expressed a constructive outlook on the market, buoyed by strong economic data and earnings reports. With over half […]

U.S. Stock Market in ‘Nirvana’: Trump Leading in Polls and Janet Yellen ‘Pumping Away As Hard As She Can’

On February 9, the day that the S&P 500 closed above 5,000 for the first time, in an enlightening interview with Bloomberg TV, Scott Bessent, CEO & CIO of Key Square Capital, shared his expert analysis on the current state of the US stock market, attributing the recent rally to anticipations of a Trump victory […]

As S&P 500 Closes Above 5,000 for First Time, eToro US CEO Analyzes Retail Investor Behavior

On February 9, the day that marked the S&P 500 closing above 5000 for the first time, the spotlight turned to retail investors and their influence on this rally. Yesterday, in a conversation with CNBC’s “Fast Money,” Lule Demmissie, the US CEO of the popular trading platform eToro, shared valuable insights into how retail investors […]

S&P 500’s ‘Remarkable’ Milestone: JPMorgan Strategist on What This Tells Us About the Future of the U.S. Economy

On February 9, David Kelly, chief global strategist for JPMorgan Asset Management, went on CNBC’s “Squawk on the Street” to share his thoughts on the S&P 500 reaching 5,000 and what this achievement may or may not indicate about the months ahead. The Significance of S&P 500 at $5,000 Kelly reminisced about the days when […]

Crypto Wants ‘A Goldilocks Economy, Not Too Strong, Not Too Weak’, Says Placeholder Ventures Partner

Chris Burniske is a well-known figure in the cryptocurrency and blockchain space, recognized for his contributions as an author, analyst, and investor. He co-authored the book “Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond” with Jack Tatar, which has been influential in providing a comprehensive framework for understanding and investing in various digital assets […]

Trump Attributes Rising U.S. Stock Market to His Polling Success Against Biden: ‘THIS IS THE TRUMP STOCK MARKET’

In a striking declaration on his “Truth Social” platform, former President Donald Trump has attributed the recent upswing in the stock market to the positive polling numbers he holds against President Joe Biden. Trump’s assertion suggests that investor confidence is buoyed by the prospect of his victory in the upcoming election, a claim made without […]

BlackRock Senior Portfolio Manager on U.S. January Jobs Report, Says It’s Time for Investors To Buy the Front-End of the US Treasuries Curve

In an interview on Bloomberg TV earlier today, Jeffrey Rosenberg, a senior portfolio manager at BlackRock Inc., shared his insights following the January jobs report and the Federal Reserve’s recent FOMC meeting. Rosenberg began by cautioning viewers to not jump to conclusions based on initial reactions to the jobs report, highlighting the importance of considering […]

Norway’s Wealth Fund Hits Record $213 Billion Profit in 2023, Largely Thanks to Tech Stocks’ Performance

Norway’s Government Pension Fund Global is one of the world’s largest sovereign wealth funds. The Government Pension Fund Global, established by Norway following the discovery of oil in the North Sea, serves multiple critical functions. It was created to protect the Norwegian economy from the volatile nature of oil revenues, acting as a financial buffer. […]

Jim Cramer’s 2024 Market Themes

Introduction In yesterday’s episode of CNBC’s “Mad Money,” host Jim Cramer outlined his market themes for 2024, offering investors a roadmap for navigating a year he anticipates to be tumultuous yet potentially rewarding. This analysis explores Cramer’s insights, juxtaposing them against the backdrop of current economic indicators and market sentiments. The ‘Magnificent 7’ and the […]

Skybridge Capital Founder Anthony Scaramucci on 2024 Market Optimism, Spot Bitcoin ETFs, and Trump’s Legal Woes

On January 12, 2024, Anthony Scaramucci, the founder of Skybridge Capital, appeared on Bloomberg TV’s “Bloomberg Markets,” where he shared his bullish views on the markets for 2024, discussed the newly launched spot Bitcoin ETFs, and commented on the legal troubles facing former President Donald Trump. Market Outlook for 2024 Scaramucci expressed a bullish stance […]

Rebecca Patterson Analyzes Market Risks and Hedging Strategies for 2024

In an interview on Bloomberg TV earlier today, Rebecca Patterson, the former Chief Investment Strategist at Bridgewater Associates, shared her perspective on the various risks facing the markets in 2024 and discussed strategies for hedging these risks. Patterson highlighted a range of potential risks that could impact the markets this year. These include policy changes […]

With Bitcoin Above $38K, Yardeni Research President Foresees Continued Santa Claus Rally and Moderate Inflation in Market Outlook

Earlier today, Ed Yardeni, the President of Yardeni Research, Inc., a sell-side consultancy providing a wide range of global investment and business strategy services, appeared on CNBC’s ‘Squawk Box’ to discuss his perspectives on current market trends. Yardeni, known for his economic expertise, has shifted his focus toward stock market forecasting, a move that has […]

Fidelity Investments’ Jurrien Timmer Analyzes U.S. Stock Market’s Holding Pattern and Future Prospects

Jurrien Timmer, the Director of Global Macro at Fidelity Investments, shared his insights on the U.S. stock market in a LinkedIn post dated November 13. His analysis provides a nuanced understanding of the current market trends and future prospects. Equity Market Recovery: Timmer begins by noting the ongoing recovery of equities, highlighting the market’s potential […]

Pantera Capital Founder Predicts S&P 500 Plunge Amidst Rising Economic Pressures

On 3 November 2023, Dan Morehead, the Founder and Managing Partner of Pantera Capital, shared a detailed economic forecast that paints a bearish picture for the S&P 500, suggesting a potential fall of 23%. Morehead, who has a history of accurate predictions, referenced his successful forecast from two years prior when he anticipated that both […]

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