Following the most aggressive drop in Bitcoin in almost three years (plunging 37% from its highs in 5 days)… Bitcoin is now down over $7000 from its highs… Every bounce is sold… Surveying the damage this morning is nothing short of a bloodbath Source If one looks carefully, one can find a few glints of green…
It’s extraordinary to me that Bitcoin futures launched Sunday at about $20,600 and as of this moment have broken into the $12,000’s. A drop of 40% in the span of a few days after launch is, umm, pretty impressive. And I’ve said repeatedly, I don’t have a dog in this fight (although, given my warped nature, I’d find it…
It’s not just Bitcoin that’s in a tailspin on Friday. Spanish stocks nosedived at the open after three separatist groups won a combined 70 seats out of 135 in the regional parliament in Thursday’s closely-watched snap election. That restores the majority they lost back in October when Rajoy invoked Article 155 in an effort to…
Week 50 of 2017 shows same week total rail traffic (from same week one year ago) expanded according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion and the rolling average growth rate improved. Analyst Opinion of the Rail Data We review this data set to understand the economy. If…
Official inflation rates for the US are still low, but the Treasury market is expecting firmer pricing pressure in 2018. The implied inflation rate based on the yield spread for the nominal 10-year Note less its inflation-indexed counterpart rose to 1.93% on Thursday (Dec. 21), according to daily figures published by Treasury.gov. The increase marks…
Official inflation rates for the US are still low, but the Treasury market is expecting firmer pricing pressure in 2018. The implied inflation rate based on the yield spread for the nominal 10-year Note less its inflation-indexed counterpart rose to 1.93% on Thursday (Dec. 21), according to daily figures published by Treasury.gov. The increase marks…
I joined Oriel Morrison on CNBC to chat about tax reform, the Fed and what else we should expect in 2018: A ‘good seasonal time’ to be invested from CNBC.
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.08%) this morning are up +0.10% after Congress late Thursday night averted a government shutdown and passed a temporary spending bill that will keep the U.S. government open through Jan 19. European stocks are down -0.39% on rekindled political risks after Catalan separatists won a regional election in Spain. Losses…
Nomura Instinet analyst Christopher Marai yesterday raised his price target for Biogen to $420 following a pipeline “deep dive.” The biotech closed yesterday down $10.95 to $322.52. The analyst anticipates 2018 will be a “meaningful” year for the company. Spinraza will form the backbone of spinal muscular atrophy therapy, positive corporate updates will be…
GBP/USD 4 hour The GBP/USD is building a large bull flag chart pattern. A bullish breakout above the resistance trend line (red) could confirm the pattern and a wave 5 of wave C. A break below the 61.8% Fib of wave 4 vs 3 makes a wave 4 less likely. 1 hour The GBP/USD seems…
