Bitcoin Hits a New High as Traders Digest Economic News
Bitcoin spiked up to a new all-time high overnight above $106,000 on the news that Bitcoin holder MicroStrategy is going to be added to the NASDAQ 100 Index. This means that equity capital flowing into NASDAQ-tracking funds may now circle into Bitcoin as well, potentially accelerating mainstream adoption. NASDAQ futures are up 0.5% on this […]
China in the Spotlight for Positive and Negative Interventions
Generally speaking markets really hate it when governments get too involved in the economy or investing whether it be tariffs, sanctions, capital gains or dividend taxes, antitrust actions or other things. Nvidia is down 2.2% in premarket trading, dragging NASDAQ futures down 0.2% after China announced over the weekend that it has started an investigation […]
Commodity Rally Adds to Evidence of Stagflation
Building on Friday’s US index gains of 1.2% to 2.0%, US index futures are up 0.2%-0.3%. A catchup rally in Europe today has the Dax up 1.0% and the FTSE up 0.5%. The US 10-year treasury note yield has slipped back under 4.50%. It’s another big week for corporate earnings with the focus now turning […]