Legendary Trader Peter Brandt Unveils End-of-Year Downside Price Targets for S&P 500, Bitcoin and Ethereum
Veteran trader Peter Brandt believes that risk assets such as the S&P 500, Bitcoin (BTC) and Ethereum (ETH) will see much lower levels by the end of the year.
Starting with the US stock market, Brandt tells his 792,500 followers on the social media platform X that the S&P 500 looks bearish after breaching support at 5,800 and retesting the level as resistance.
Read MoreCryptocurrency and Taxes: What You Need to Know Before Filing
Since 2020, federal tax forms have asked about Bitcoin and other cryptocurrency activities. The question that appears at the top of Form 1040 currently reads, “At any time during 2024, did you: (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or a financial interest in a digital asset)?”
What do you do if you check the Yes box?
» Read more about: Cryptocurrency and Taxes: What You Need to Know Before Filing »
Read MoreInternational mutual funds crash amid Trump tariff woes — Should you exit now?
In the last one week, there has been a sharp decline in the international mutual funds triggered by sharp sell-offs in equities globally after US President Donald Trump announced reciprocal tariffs on some major economies, including China, the EU and India. In response, Europe and China also announced higher tariffs on the US,
» Read more about: International mutual funds crash amid Trump tariff woes — Should you exit now? »
Read MoreFirst shockwaves of Trump’s tariffs about to hit world economy
Frankfurt – Three weeks after US President Donald Trump effectively declared a trade war with the whole world, new economic forecasts and surveys will point to the initial fallout.
A few blocks from the White House, the International Monetary Fund (IMF) is set to lower its outlook for economic growth in new projections to be released on April 22.
» Read more about: First shockwaves of Trump’s tariffs about to hit world economy »
Read MoreStock Market Today: Dow Drops 971 Points as Powell Pressure Ramps Up
Stocks opened lower Monday, and selling accelerated throughout the session. Today’s declines were a result of continued losses in several of Wall Street’s biggest stocks and growing chatter over President Donald Trump’s desire to fire Federal Reserve Chair Jerome Powell.
The three main indexes all started the day with losses of 1% or more.
» Read more about: Stock Market Today: Dow Drops 971 Points as Powell Pressure Ramps Up »
Read MoreThe Burst
What Price Exactly Should Palantir Trade At?
Palantir Technologies (NYSE:PLTR) has successfully ridden the AI wave of the last two years to produce outstanding shareholder returns.
The stock traded at less than $7 as recently as the beginning of 2023 but has since risen by over 6x. This sudden spike in prices begs the question of whether the market is valuing Palantir appropriately today.
» Read more about: What Price Exactly Should Palantir Trade At? »
Read MoreThe Ivy
Beware: 1 Major Hit To Your Portfolio If You Sell Now?
Have you ever wondered how much short-term versus long-term taxes actually affect your net worth and portfolio over time?
Let’s imagine a $100,000 portfolio goes up 20% annually and is taxed at the end of the year at 33% due to short-term capital gains. What would the portfolio grow to after 10 years?
» Read more about: Beware: 1 Major Hit To Your Portfolio If You Sell Now? »
Read MoreThe Spotlight
Will This $20 Million Bet Pay Off?
A report just came out that one trader bet a massive $20 million on a single stock rising by 30% on its next earnings report. That stock is, drumroll, artificial intelligence favorite, Nvidia.
The bet was made by purchasing strike 1180 call options on Nvidia for the June expiration, meaning if NVDA share price rise were to rise above that level on expiration day,