Did This Weird Ratio Signal The Top?
Correlations are not causation but they can be helpful in spotting weird patterns that reveal where the market may be heading next. One such correlation pattern that has surfaced recently is that of the ratio between the DIA and QQQ.
One trader spotted that when the ratio, DIA/QQQ, hits a low, it has often preceded a correction in the QQQs. » Read more about: Did This Weird Ratio Signal The Top? »
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3 Stocks Billionaires are Buying as Market Crashes
Over the last year, the global economy has been hit hard by multiple factors that have led to a crash in the stock market. From the coronavirus disrupting supply chains to Russia invading Ukraine, many factors have created a perfect storm.
As a result, the Benchmark S&P 500 had its worst first-half return since 1970,
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ARK Invest Bet 15% On Just 3 Hot Stocks
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3 Rock Solid Stocks To Ride A Tough Market
Microsoft
The days of triple digit growth are long behind Microsoft.
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1 AI Stock To Sell Fast?
Can the hype surrounding AI keep boosting the performance of Palantir Technologies (PLTR) shares, or is it time for the stock to pull back?
Since the stock began trading on September 30, 2020, it has gained about 160%. Over the past year, it has returned more than 185%. To put this into context,
» Read more about: 1 AI Stock To Sell Fast? »
Read MoreThe Burst
Market Commentary: Is It Time To Buy Bitcoin?
It seems that Grayscale’s spot Bitcoin ETF has been in regulatory limbo longer than a Siberian Winter due to the Securities and Exchange Commission’s (SEC) hesitance to green-light it and that’s translating to frenetic moves in crypto once again.
In a recent decision, the SEC was ordered by a U.S. appeals court to review Grayscale’s application for a spot Bitcoin ETF.
» Read more about: Market Commentary: Is It Time To Buy Bitcoin? »
Read MoreThe Spotlight
Bombshell Report: Shady Trades In The Halls of Power
In an ongoing investigation, the New York Times has uncovered shady stock trades by members of Congress. Some congressmen and congresswomen appear to have used information they learned in their positions as legislators to make profitable stock trades.
Ethics experts have raised red flags and say this trading could be a significant conflict of interest.
» Read more about: Bombshell Report: Shady Trades In The Halls of Power »
Read MoreThe Daily
Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.
Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates,