Morning all. Another green week for Bitcoin but I’ve noticed a change in sentiment starting to appear and I’m wondering if we now need to get ready for a correction. Price managed to clip $16,500 during the week and it’s really been on a tear since it left the $10,000 […]
Commentary
52 posts
https://www.marketwatch.com/story/intel-faces-massive-wall-street-backlash-on-next-gen-chip-delay-2020-07-24 $INTC getting crushed in the pre-market today. Down nearly 14% as we head to the market open. It was a favourite of mine over the last couple of years but the delays in the 7nm chip release were already a problem towards the end of last year and I […]
Morning all. My favourite day of the week is here already, where I get to watch the markets celebrate the deteriorating state of the US job market with the euphoria it brings of more FED and Treasury Department interventions. When last weeks numbers came in above forecast and continuing claims […]
Morning all. How quickly the weeks seems to fly by, we’re back round to US Jobless Claims day already! The trend in falling new claims is expected to continue today with 1.8 million news claims forecast against last weeks actual of 2.12 million. For the first time since the layoff […]
Data is out showing that the percentage of people claiming unemployment benefits in the UK for April spiked considerably above that seen during the Great Financial Crisis. A few highlights include: Claimant count increased by 856,500 – the biggest ever month-on-month addition. Highest claimant total since 1996. Unemployment expected at […]
Morning all. Only about 10 hours left until the $BTC halving and already we’ve seen quite a correction take place. There were 2 attempts to challenge $10k but that level was rejected and lead to a near 20% correction. One of the big issues I see from watching this market […]
Afternoon all. The ADP Payroll Report was reported today, suggesting that approximately 20 million jobs were lost in April. When the official NFP data is issued on Friday, it will confirm this and give a clearer indication of the unemployment %. The markets keep looking through all these type of […]
Afternoon all. Not many markets open on Sunday daytime, but the main Saudi stock exchange is one and it slumped 7.41% in today’s session, the biggest single day fall since markets were crashing in the middle of March. A worrying sign for risk appetite perhaps and maybe a message that […]
Afternoon all. Just taking a look at some of the commentary from the $BRK.B annual meeting and thought I’d share a few thoughts as I go through some articles. The main story for me is that Buffett has disposed of all his airline stocks. There was some knowledge that he’d […]
Afternoon all. $BTC countdown now under 10 days! Not a great deal to add, but last time I mentioned that it looked good for Bitcoin and the altcoins if the positive sentiment driving stocks was maintained. Well, to that point, on the evening the US stocks futures for the $NSDQ100 […]