Cathie Wood stands by $1.5M BTC price, CZ’s dog, and more: Hodler’s Digest, Feb. 9 – 15
Top Stories of The Week
SEC Crypto Task Force met with firms to discuss staking, litigation review
The US Securities and Exchange Commission’s Crypto Task Force met with several representatives from the cryptocurrency and traditional finance sectors to discuss regulatory issues impacting digital assets in early February.
Read MoreU.S. Citizenship Route Offered By Trump’s Gold Card Proposal
President Trump is proposing a $ 5 million gold card leading to U.S. citizenship for 200,000 foreign … [+]
getty
President Donald Trump’s recent proposal for a $5 million “Gold Card” has reignited the immigration debate, promising to attract wealthy investors seeking a road to U.S.
» Read more about: U.S. Citizenship Route Offered By Trump’s Gold Card Proposal »
Read MoreMarket volatility creating buzz for these two types of ETFs
Market volatility appears to be boosting demand for two types of exchange-traded funds: leveraged and inverse.
And, Direxion CEO and ETF money manager Douglas Yones thinks market conditions will keep fueling demand for them.
“We have a lot of securities in the market that are … up a lot over the last five or 10 years.
» Read more about: Market volatility creating buzz for these two types of ETFs »
Read MoreS&P 500: Cautiously Bullish Start as Nvidia and Snowflake Lead Premarket Gains
Not all stocks fared well. Salesforce dropped 4.67% on mixed earnings, while Paramount Global fell 3.21% after a disappointing quarter. Teladoc plunged 16.47%, eBay lost 7.91% on weak guidance, and Ibotta tumbled 35.96% on underwhelming results, reflecting the market’s selective appetite.
Key Economic Data Awaits Traders Thursday
Thursday’s economic lineup includes initial jobless claims for the week ending February 22,
» Read more about: S&P 500: Cautiously Bullish Start as Nvidia and Snowflake Lead Premarket Gains »
Read MoreHeard on the Street Recap: Trading the Trade War
A midday snap-back rally fizzled by the close. Stocks were actually up for a period in the late afternoon, but tumbled again in the closing minutes. For the day, the S&P 500 was off 1.2%, and the Nasdaq Composite ended down 0.4%. The Dow Jones Industrial Average shed 670 points.
» Read more about: Heard on the Street Recap: Trading the Trade War »
Read MoreThe Burst
Is The MOST Extraordinary Space Stock?
The past year has been a travesty for SPAC holders. Some reports claim almost 80% of SPACs are under water. It’s not a stretch to conclude SPACs were a vehicle brought to retail investors to drive hype and ultimately leave them as bagholders. But painting all SPAC companies with a broad stroke risks passing over the diamonds in the rough.
» Read more about: Is The MOST Extraordinary Space Stock? »
Read MoreThe Ivy
Alert: SELL Now, Ask Questions Later
Investment Alert: Sell Coinbase (COIN)
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
Taking on the government is a risky proposition at the best of times.
» Read more about: Alert: SELL Now, Ask Questions Later »
Read More