Market Insights
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One Measure of Cryptocurrencies Turned the Most Bullish in Over a Year
Cryptocurrencies like Bitcoin tumbled in the last year as the Federal Reserve hiked interest rates, but now spirits could be improving. The Crypto Fear & Greed Index, which includes factors like Volatility and Momentum, hit 61 on Monday. It was the highest reading...
Don’s Notebook July 10, 2018
The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) tracks monthly change in job openings and offers rates on hiring and quits. The JOLTS report is expected to show a 6.700 million total in June, little changed from May's record 6.698 million. The...
Don’s Notebook July 9, 2018
The market has consistently attempted to move higher and lower, but the trend ends quickly as it either reverses the same day or the next. The S&P 500 was finally able to push away from its 50-day simple moving average and closed above some resistance in the 2,740...
So Much for a Trade War Killing Stocks
The economy is strong, earnings are near and a trade war might be priced in. That kept stocks rising last week. The S&P 500 climbed 1.5 percent in the holiday-abbreviated week between June 29 and July 4. More than four-fifths of of the companies in the benchmark...
Goldilocks Silences Jerome Powell
Fairy tales keep coming true in the U.S. economy. Most people know the classic story of Goldilocks describing the porridge of the Three Bears: Not too hot, not too cold, but just right. Most people probably also know how it gets applied to finance: Inflation's not too...
Traders Doubt Safety of Classic Safe Haven: Options Recap
So much for utilities being a safe haven. The SPDR Utility Fund (XLU) has risen about 6 percent in the last month, making it the top-performing major sector. But yesterday, traders braced for a potential selloff: A block of 75,000 September 50 puts in XLU was bought...
Will the Strong Economy Distort Today’s Jobs Report?
Today features an event that's usually considered the most important economic report of the month. But it might be distorted by the strong economy. That might sound crazy, but it's exactly what happened yesterday when ADP's private-sector payroll tally missed...
Technology & Communication
Why Apple Is Sailing to New Highs Two Weeks Before Earnings
The world's biggest company keeps getting more valuable as investors look for a mix of positive forces to keep it moving upward. Apple (AAPL) hit new all-time highs the last two sessions and has risen for seven of the last eight weeks. That's established it firmly...