The United States Senate just passed the Tax Cuts and Jobs Act, marking President Donald Trump’s first major legislative conquest. The highlight of the reform is the slash in corporate tax rate from 35% to 20% that is expected to boost the bottom line of companies. However, the technology sector is unlikely to benefit much…
Guess what? Bitcoin hasn’t rebounded. Wait, that’s not entirely true. Over the weekend, it has managed to remain well above the Friday morning lows when it abruptly plunged below $11,000, but on Sunday it headed back below $14,000 and is down more than 10% in the last 24 hours. More importantly, it’s still sitting down…
Tromso, Norway, sits 215 miles inside the Arctic Circle. It is one of the planet’s most northerly human settlements. Around January 25th at lunchtime, its inhabitants drop what they’re doing and gather outside for their first glimpse of the sun in two months. It’s only visible for four minutes, but the first natural shadows after interminable…
Earlier this month, Trump touted the idea that, under his tax plan, thousands of Americans would be able to “file their taxes on a single, little beautiful sheet of paper.” Of course, this so-called “postcard” that Trump and Paul Ryan have referenced repeatedly over the past several months is basically nothing more than a 1040EZ…
Out of all the jobs that I am asked to perform every year, predicting what is going to happen for the following year is one of the most difficult. There are a lot of factors that are unknown currently as the central bank actions can often be less than desirable, or a complete surprise. Currently,…
The top 15 cryptocurrencies are all in the red after a brief bounce following a 40% plunge in Bitcoin. Despite the plunge, one third of the top cryptocurrencies are still in the green from a week ago. Bitcoin itself is the biggest loser over the last seven days, down nearly a third in value….
With 2017 almost over, investors have many reasons to cheer. The economic backdrop has improved with GDP rising, improving employment scenario and major indices gaining year to date. While the S&P 500 has rallied 20.3%, Nasdaq has gained 12.3%. Gross domestic product (GDP) rose 3.3% in the third quarter of 2017, a nice pickup from…
The crash in bitcoin is starting to look like something more than the minor setback like we’ve seen in the past few weeks. It has fallen more than $6,000 from its peak at $19,661 which is highlighted in the chart below. I think this is a great thing for stock investors because it could mean…
Four trading days left until the calendar turns to 2018 and one will be able to determine the list of stocks that will comprise the Dow Dogs of 2018. The Dow Dogs were laggards in the first half of the year, but have made up significant ground in the second half of 2017. To date the…
USD/JPY continued its sideways movement in a trading range between 110.84 and 114.73. The sideways movement is likely consolidation of the uptrend from 107.31. As long as 110.84 support holds, the uptrend could be expected to resume, and a breakout of 15.50 resistance could trigger further bullish movement towards 118.66 (Dec 15, 2016 high). On…
