Nasdaq reaches record high, Bitcoin prices tumble on regulatory concerns in China
Stocks drifted sideways on Tuesday, with equities steadying following concerns over the path forward for monetary policy. The S&P 500 turned slightly positive. The Dow also hovered near the flat line, a day after the 30-stock index jumped by the most since March. The Nasdaq edged up. Cryptocurrency prices were broadly lower as concerns over tighter regulatory actions from China continued to weigh, and tokens from Bitcoin (BTC-USD) to the meme-based Dogecoin (DOGE-USD) added to recent losses. Bitcoin prices fell below $30,000 and erased year-to-date gains at their intraday lows. More...
Unique Conditions Set Up Potential 400+% Returns--See How
The current market is in transition and has displayed key indicators. As we see the money move from one sector to another in this climate, the opportunity is massive. Join Keith Harwood, a former market maker, as he shows how to grab your share of this virtual windfall. Registration Fee Waived Through This Link
Heres Why Elon Musk Wont Win An Emmy For SNL Hosting Gig
One of the richest people in the world, Elon Musk, appeared as the guest host for an episode on "Saturday Night Live." The episode drew mixed reactions at best from critics and viewers, while managing to be one of the most-viewed episodes of the season. read... Read more...
S&P 500 Climbs As Powell Gets Testimony Underway
Quality stocks haven't been this cheap in more than 20 years
Quality is on sale in the stock market. Higher quality stocks are trading at their largest valuation discount to the broad market since the dot com bubble of the early 2000s (see chart below), BlackRock CIO of U.S. fundamental equities Tony DeSpirito said in a new research note. DeSpirito defines high quality stocks as those of companies that generate profits and sport pricing power (so obviously, this excludes Special Purpose Acquisition Companies, or SPACs). The companies manage their balance sheets and cash flows effectively, demonstrate strong accounting credibility and return capital to shareholders in a disciplined manner (most likely through dividends). Click to continue reading this article...
Oil Futures Settle With A Loss, Pressured By Speculation That OPEC+ Will Agree To More Output Hikes
Oil futures settled lower on Tuesday, a day after settling at their highest since October 2018, as reports from Reuters and Bloomberg said OPEC+, the Organization of the Petroleum Exporting Countries and their allies, have discussed the possibility of raising production levels even more, starting in August. OPEC+ will hold its next meeting on July 1. It has already implemented a plan to gradually raise production from May through July, amid a recovery in oil demand. West Texas Intermediate oil... More here...
Early Warning Signal Flashes--See How To Trade It
With threats to low interest rates, commodity shortages, and oil climbing, a perfect storm is brewing. Keith Harwood is going to show trades a strategy that has the potential to QUADRUPLE returns if things continue. This webinar will spell it all out. ZERO Fee Webinar Access--Click Here
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