Bank of England left its interest rates unchanged and maintained its QE target but slowed the weekly pace of purchases indicating that the Monetary Policy Committee may be setting up for a shift towards a less accommodative posture as the economy continues to recover.
Are investors about to be burned by the recency bias? That’s the argument of Chris Cole of Artemis Capital in a very interesting Odd Lots podcast with Tracy Alloway.
This month marks the 20th anniversary of the QQQ – the Nasdaq ETF, one of the most profitable financial products ever invented. If an investor allocated $100 each week to the QQQ presently his portfolio would be worth approximately $668.000 or about three times the total investable capital.
This month Welles Wilder, a titan of technical analysis, passed away. He was the inventor of RSI, Parabolic SAR and Average Directional Index.
Key FAANG stocks all reported numbers with most blowing out their results well above consensus estimates. Yet the overall market is showing little follow through as the tech heavy Nasdaq trades lower this morning.
In yesterday’s FOMC presser Fed Chair Powell in responding to a question about central bank digital currencies made an offhand remark about a new program that could change the financial services industry as we know it.
AAPL will report earnings after the close today and markets are expecting a blow quarter as the Cupertino giant is likely to have re-established its leadership in the global smartphone handset market. There is however one area of the market that is actively betting that the stock will fall.
With Tesla due to release results after the market close, all eyes will be on the stock today as the company has become a lightning rod for both bulls and bears. We have long argued that the stock is grossly overvalued and faces existential problems
One the other side of the pond however, the world of sport was in the midst of a revolution that brought back memories of Trotsky, Lenin and the workers uprising of 1917. The near mass hysteria that broke out across the Continent and the UK was the sudden announcement of the Super League –
Bruce Lee once said that he feared not the man who has practiced 10,000 kicks once, but the man who has practiced one kick 10,000 times.
In recent weeks the media focus on central bank digital currencies has become quite intense as many of the world’s central banks including ECB, BoE and BoJ all stated that they are exploring the possible uses of this technology. So what are the pros and cons and policy implications of CBDCs?
This weekend the crypto market experienced what many in the media ara calling Black Sunday as a variety of instruments including Bitcoin and Ethereum dropped nearly 20% before recovering somewhat.