Despite a somewhat quiet few weeks for oil, trader Todd Gordon says there’s one trend in the charts that’s signaling a bounce for the commodity. The founder of TradingAnalysis.com is looking at a triangle pattern in particular that has formed in the chart of USO, the exchange-traded fund that tracks oil. Gordon noted that while […]
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The tax bill is almost done, so the debate is whether to sell on the news. It may be happening already. Stocks retreated on Tuesday, and even a notable move up in 10-year Treasury yields failed to move bank stocks up. There’s reason to consider that this month’s notable rally should at the very least […]
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A disconnect between equities, bonds and the currency market as tax reform legislation nears passage has one equity strategist concerned. The S&P 500 has rallied to record highs as investors price in hopes of corporate tax cuts, but the Treasury market and U.S. dollar are not behaving in a similarly bullish manner, said Matt Maley, […]
Read moreAfter the decline in the FANG stocks on Tuesday, CNBC’s Jim Cramer issued a warning to investors who own the technology-laden group. “I just wanted to get in front of tomorrow’s storyline,” the “Mad Money” host said. “You better believe the obituary’s being written once again right now, this time with the death notice containing […]
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Short-seller Andrew Left can’t find enough ways to short, or bet against, bitcoin. “If you’re a short-seller right now and you’re cautious and you want to short something that’s related to bitcoin and not bitcoin, you have limited opportunities,” the Citron Research founder said Tuesday on CNBC’s “Fast Money.” “But they’re nice and juicy, and […]
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With a Bank of America Merrill Lynch survey casting bitcoin as the world’s most crowded investment, CNBC’s Jim Cramer weighed the idea of the cryptocurrency replacing gold. “Has bitcoin started to replace gold as a repository of value, a place for rich people to hide their money when they get worried about inflation or government […]
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Treasury yields are staging one of the sharpest two-day moves of the year, as the U.S. tax bill moves closer to becoming law. The House voted to approve the sweeping tax bill Tuesday afternoon, and it was next headed for the Senate. Strategists said the move, which drove the U.S. 10-year yield to its highest […]
Read moreA long-time bull is predicting it’ll be difficult to ward off a deep sell-off in the next 12 months. The Leuthold Group’s Jim Paulsen sees inflation and the 10-year yield ticking higher as the likely catalyst to stop the stock market rally in its tracks — at least temporarily. “Can the stock market which now […]
Read moreThe stock market may be catching a bit of crypto fever. “Bitcoin has woken up a lot of people,” said Laszlo Birinyi, the stock guru and founder of Birinyi Associates. The crypto currency phenomena has more investors watching screens, where they track bitcoin but also the stock market’s daily rise to new highs. “Bitcoin is […]
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More traditional money managers are worried about bitcoin than ever before. The soaring digital currency topped the list of “most crowded trades” — a measure of sentiment on which popular investment could quickly reverse its gains— in Bank of America Merrill Lynch’s December global fund manager survey released Tuesday. The survey found that 32 percent […]
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