Patients seem willing, but few taking part in telehealth, poll finds

Patients seem willing, but few taking part in telehealth, poll finds (HealthcareDive)

  • According to a survey from Telehealth vendor American Well, 66% of consumers are willing to try telehealth, but only 8% have actually done it and 17% of those interested in virtual care were unsure whether the service was covered by their insurance.
  • Another study (from health system Intermountain Healthcare) found that only 20% of people had heard of telehealth, which American Well called “a tremendous opportunity”.
  • Additionally, two thirds of Americans are using devices that help them monitor their personal health and 50% use health apps.

Berenberg view

  • Telehealth is clearly increasing in popularity – the number of physicians reporting telemedicine as a skill rose 20% per year over the past three years according to a study from professional medical network Doximity – with younger generations the most likely to make use of the new virtual care services (surprise).
  • According to a 2018 study published in the Journal of the American Medical Association (JAMA), virtually conducted doctor-patient visits increased by 261% yearly between 2015 and 2017.  
  • However, the article also highlights the well-known gap between people saying they are willing to try something new and people actually then trying it – as well as the continued efforts required in consumer education.
  • The two key groups telemedicine providers have to convince are mothers (since they still handle the majority of their childrens’ doctor visits) and seniors (a tricky one, given the inherent reluctance to use the tech, but a lucrative and growing market which could probably be accessed by targeting the younger relatives who look after their care rather than the seniors themselves).

Teladoc: a specialized telemedicine company

Teladoc Share price

? Daily Crypto News, September, 10th?

  • Stellar to Airdrop 2 Billion XLM Crypto Tokens Worth $120 Million ;
  • Decentralized Brave Browser Tops Chrome in Google Play Rankings in Japan ;
  • IBM Now Holds 6 of 11 Seats on Hyperledger Blockchain Steering Board ;
  • VanEck’s New Bitcoin Trust Assets Total Just $41K in First Week ;
  • Japan: Bitcoin Surpasses XRP in Yen-Denominated Crypto Holdings ;
  • ? Daily Crypto Calendar, September, 10th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Stellar to Airdrop 2 Billion XLM Crypto Tokens Worth $120 Million

Chat with your friends – and get paid to do it.


The Stellar Development Foundation and messaging service Keybase announced Monday a 2 billion XLM airdrop, the largest in Stellar’s five-year history, worth roughly $120 million. Over the next 20 months, Keybase users can expect monthly airdrops of 100 million XLM.


Keybase currently has 300,000 active users across its various services, according to the company.
“All you have to do is have an authenticated Keybase account, and your XLM will appear in your wallet – automatically, every month, for as long as the airdrop continues,” according to a draft blog post shared with CoinDesk.

?Decentralized Brave Browser Tops Chrome in Google Play Rankings in Japan

The popularity of the decentralized blockchain-enabled web browser Brave continues to grow as it has outranked other browsers in Google Play rankings in Japan.


Brave beats rival browsers


According to a Reddit post on Sept. 8, this is the first time that the privacy-focused Brave browser has overtaken its rival browsers such as Firefox, Opera and Chrome in Japan. The most recent ranking data from Google Play shows that Brave sits comfortably at number 10 on the list, while its closest competitor Firefox lags behind, occupying 14th place.


A Google Play ranking is determined by how well apps perform against several key metrics such as crash rates, app-not-responding rates, excessive WiFi, location or processing in the background. 

? IBM Now Holds 6 of 11 Seats on Hyperledger Blockchain Steering Board

IBM has doubled the number of its employees on the technical steering committee (TSC) of Hyperledger, stoking concerns about the tech giant’s influence on the enterprise blockchain consortium.


Six out of the 11 2019-2020 TSC members announced last week are IBM employees. Five work at Big Blue itself and one, Mark Wagner, is a senior principal engineer at Red Hat, an IBM subsidiary. By comparison, the previous year’s TSC had only two IBM representatives and the same number of total seats (Wagner served on the committee, but IBM’s acquisition of Red Hat did not close until July 2019).


The new committee will begin governing after the new TSC chair is elected next week.

? VanEck’s New Bitcoin Trust Assets Total Just $41K in First Week

Investment management firm VanEck has issued just 4 bitcoins (BTC) via its new trust focused on institutional investors. 
VanEck: one week, one Bitcoin basket


Data from the company, spotted by economist and cryptocurrency commentator Alex Krüger on Sept. 10, showed that since its launch at the start of the month, VanEck SolidX Bitcoin Trust 144A Shares total net assets are only $41,400.


The product, which caused a buzz after VanEck described it as being akin to an exchange-traded fund (ETF), caters strictly to so-called qualified institutional buyers, or QIBs.


“VanEck SolidX Bitcoin Trust 144A Shares… looks and feels like a traditional ETF,” its official description reads.

? Japan: Bitcoin Surpasses XRP in Yen-Denominated Crypto Holdings

Fresh data from the Japan Virtual Currency Exchange Association (JVCEA) has revealed that as of April 2019, the value of yen-denominated Bitcoin (BTC) holdings has outstripped those in XRP on domestic exchanges. 


As Cointelegraph Japan reported on Sept. 10, the surge in the value of exchanges’ Bitcoin holdings coincides with the beginning of Bitcoin’s 2019 bullish uptrend, which saw the top cryptocurrency hit close to $14,000 by late June. 

More XRP is being accumulated, but value declining

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? Daily Crypto Calendar, September, 10th?

“We are happy to share with the community our dApp Testnet release on September 10th.”

David Atkinson at The Blockchain Centre at 7:00 PM in Singapore.

“At 1pm UTC on 10 September CEO @HMsheikh4 will be answering questions on @coin98_net’s Facebook page.”

“Gathering the key players in the blockchain space in town to discuss adoption, decentralized applications & financial systems”

Perth Meetup

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The zone around 0.165$-0.164$ starts to be a support zone and even we tried to break it several times, it looks like that the sellers have difficulties to go lower. We have the see what will be the results in the coming hours as we are just sitting on it but a UP bounce from that zone is possible.

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Last Updates

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Join this new Free To Play on the STEEM Platform !

Crypto Contest September 10: Cosmo Coin

Cosmo Coin (Bittrex: COSMBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Cosmo Coin began a wave one advance on September 3. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 6, and the red wave two (blue sub-waves a-b-c) correction ended on September 9. If this wave count is correct, Cosmo Coin should be heading next towards the September 6 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Zooming out in the daily chart, I believe Cosmo Coin is currently in the red wave three (blue sub-wave iii). The red wave three began on September 3.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Cosmochain is designing a blockchain-based beauty ecosystem that connects beauty industry players with customers willing to share their thoughts on cosmetics. You can watch their intro video below.

(Sources: Cosmo Coin and YouTube)

How can I vote? Where is the contest?

You can vote by following this link.

STEEM: we should have hit the bottom already…

yep, I know what you think right now… this may be just another post trying to bring positive vibes on our beloved STEEM… but definitely, no matter which pair you check right now compared with STEEM, all of them are showing signs of reversal according to a DIVERGENCE on the Daily RSI.

For me the most important currently is to compare STEEM vs BITCOIN on the daily chart and this is what we see today:

During one month STEEM has been ranging between 1550 and 1800 Satoshis, with a light descending trend in overall but with a clear divergence on the RSI

Same is happening if you compare the second most important pair, STEEM vs ETHEREUM:

…and also STEEM vs BINANCE COIN:

The conclusion that I get by observing these three charts and respective divergences on RSI is that STEEM is timidly getting stronger in front of their competitors. worth to say that just around one month ago, STEEM was placed on the 88th position of the Total Market Cap….

… while today, even if the total cap of STEEM has decreased since then, we can see STEEM at the 79th and sometimes reaching below that place:

We can also see that change of trendline if we compare STEEM vs USD:

The price of STEEM is ranging between 0.16 and 0.19 USD since weeks already, RSI is also behaving very similar to the other pairs but, of course, the way the price is decreasing here, in USD, depends at the 95% I would say, to what is going to do BITCOIN in the coming days…

If BTC falls, which is very likely according to my expectations, the complete altcoin market will suffer another hit versus the dollar, included STEEM as well…

…the only thing different here is that STEEM may have reached its bottom versus BITCOIN while others not…

@toofasteddie


Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

? Daily Crypto News, September, 9th?

  • Crypto Exchange Binance.US to Launch ‘in the Coming Weeks’ ;
  • What (Most) Bitcoiners Love About Austrian Economics ;
  • Crypto and the Latency Arms Race: Towards Speed Bumps and OTC Trading ;
  • World’s ‘First’ Blockchain Smartphone to Become Available in New Market ;
  • Bitcoin Price: Will Another Drop Below $10K Open the Door to $8.5K? ;
  • ? Daily Crypto Calendar, September, 9th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Crypto Exchange Binance.US to Launch ‘in the Coming Weeks’

Major cryptocurrency exchange Binance’s United States-based branch Binance.US will launch in the coming weeks, preceded by Know Your Customer (KYC) registration a few days earlier.


According to a Medium post published by Binance.US on Sept. 6, while the launch of the trading platform itself is expected in the following weeks, KYC onboarding will start a few days earlier. The aim of this is to ensure that users will have time to verify their accounts and deposit their funds.

?What (Most) Bitcoiners Love About Austrian Economics

Bitcoin is an innovative amalgamation of pre-existing technologies and the creation of new ones that has lead to an entirely new form of money. However, for many, the support for the world’s first digital currency is based primarily on ideological preferences.


In this article, you will discover why a significant amount of Bitcoiners also love Austrian Economics.


What is Austrian Economics?
Austrian Economics is a school of thought that originated in Vienna, Austria. Though influenced by works from earlier times, the work considered to be the foundation of this economic school of thought is Carl Menger’s 1871 book ‘Principles of Economics.’ In 1949, another notable name within the Austrian school, Ludwig Mises, published the book ‘Nationalokonomie,’ which provides an overview of the principles governing the economists who identify under this label.

At the time of its publication, Mises’s book was received unfavorably by other leading economists who had already made a turn towards Keynesian economics, following the devastating effects of the world wars. Austrian Economics was losing the ideological war, with Keynesian Economics significantly influencing global economics especially after the Bretton Woods Conference of 1944 where the International Monetary Fund (IMF) was created. The IMF played a major role in the global post-war monetary system, establishing gold and the dollar as the standard and greatly influencing the U.S.’s position in global politics.

? Crypto and the Latency Arms Race: Towards Speed Bumps and OTC Trading

Matthew Trudeau, chief strategy officer of ErisX, offered a thoughtful response last month to a CoinDesk article about high-frequency trading in crypto. In short, CoinDesk reported that features linked to high-frequency trading in conventional markets were making an entry on crypto exchanges and that this might be bad news for retail investors.


While I agree with Trudeau that, in general, “automated market making and arbitrage strategies create greater efficiency in the market,” I disagree with his assertion that applying the conventional markets’ microstructure blueprint will improve liquidity in crypto.


I will explain below that, pushed to their limit, the benefits of speed brought about by electronification actually impair market liquidity as they morph into latency arbitrage. It is inevitable that crypto markets become much faster, but there is a significant risk that some exchanges overshoot and end up hurting their customer base, re-learning the lessons of the conventional latency wars a little too late. Those who do will lose market share to electronic OTC liquidity providers and alternative microstructures, which I will present in this introductory post.


? World’s ‘First’ Blockchain Smartphone to Become Available in New Market

Finney, the world’s purportedly first blockchain-enabled smartphone, will soon be available for purchase in Bangladesh.
According to a report by local newspaper The Daily Star on Sept. 9, the Bangladesh Telecommunication Regulatory

Commission approved the phone for import in August and it will be available on the Bangladeshi market in October.


Mobile Phones in Bangladesh
Finney’s launch in Bangladesh comes amid a trend of growing smartphone ownership in the country. According to a 2018 report from global research firm GSMA Intelligence, by 2025, 75% of the population (138 million) will have smartphones, while 41% (73 million) will be mobile internet subscribers.

Per GSMA, the increasingly urbanized population has been buying more smartphones as cheaper devices come to market, and in this regard, Finney’s price is more comparable with high-end phones available in Bangladesh. Finney debuted last year with a cost of $999, while the Samsung Galaxy S10 is available on local phone market MobileDokan for 74,900 taka ($894). 

? Bitcoin Price: Will Another Drop Below $10K Open the Door to $8.5K?

Last Friday Bitcoin (BTC) price marched within just a few dollars reach of $11,000 and it seemed that the weekend would be a bullish one. The top digital asset was on the verge of leaping over the descending trendline of the massive wedge. A mysterious $1 billion Bitcoin transfer spotted by Whale Alert had some speculating that a whale or an institutional investor was moving funds into Bakkt’s custody service. 


Shortly after topping out at $10,938, Bitcoin sharply reversed course and traders were left to speculate whether Federal Reserve Chairman Jerome Powell’s Bitcoin comments put a damper of the bullish price action. Or perhaps the advent of Bakkt’s (physically delivered) Bitcoin futures contracts was repeating the CBOE/CME Bitcoin futures product that launched to much hype right at the peak of the 2017 monster rally. 


Let’s take a look at the current price action and see if we can determine what Bitcoin is up to.


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? Daily Crypto Calendar, September, 9th?

VEX (VEX/KRW, VEX/USDT) trading pairs. Deposits starting from Monday, 15:00 KST. Available for trading from Wednesday, 15:00 KST.

“Eager to learn more about @ConfluxChain & our partnership? Join our AMA with them on Sep.9 at 4pm (GMT+7)”

“Equal will be burning 12 million EQL in the third phase of the burn cycle.”

“Our new fee structure begins September 9th, and offers fee reductions for holding as little as 50 MTL…”

“On 9th September, Zilliqa and @Infinito_Ltd look forward to hosting a joint AMA .”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So as expected and predicted yesterday, we didn’t go test the 0.18$ before that the drop came back. We should go now in the direction of the lows on the STEEM. It is possible that we move in range between 0.18$ and 0.155$ before a break out in one direction. Let’s hope it won’t be a new drop and so a new low…

image.png

Last Updates

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Join this new Free To Play on the STEEM Platform !

Crypto Contest September 9: Status Report XXXII

In this report I will look how my analysis worked for the month of July 2019. There were 31 contests in July. I have already paid out / upvoted all of them. The analysis was correct six times, wrong 11 times and the cryptocurrency was in a range 14 times.

The correct ones were the following:

  1. Crypto Contest July 11: Ankr Network
  2. Crypto Contest July 12: Ren
  3. Crypto Contest July 20: UnlimitedIP
  4. Crypto Contest July 22: Dusk Network
  5. Crypto Contest July 30: Cryptaur
  6. Crypto Contest July 31: MediBloc

In these contests the range option won:

  1. Crypto Contest July 1: iExec RLC
  2. Crypto Contest July 3: XMax
  3. Crypto Contest July 4: Synthetix Network Token
  4. Crypto Contest July 5: Yuan Chain Coin
  5. Crypto Contest July 6: Status Report XXX
  6. Crypto Contest July 7: Digitex Futures
  7. Crypto Contest July 13: Elrond
  8. Crypto Contest July 14: Acute Angle Cloud
  9. Crypto Contest July 15: Hxro
  10. Crypto Contest July 17: InvestDigital
  11. Crypto Contest July 18: Origo
  12. Crypto Contest July 21: Aeon
  13. Crypto Contest July 27: Clams
  14. Crypto Contest July 28: Abyss Token

In these contests the analysis was wrong:

  1. Crypto Contest July 2: Standard Tokenization Protocol
  2. Crypto Contest July 8: GXChain
  3. Crypto Contest July 9: ZB
  4. Crypto Contest July 10: Fantom
  5. Crypto Contest July 16: PTON
  6. Crypto Contest July 19: Genaro Network
  7. Crypto Contest July 23: Revain
  8. Crypto Contest July 24: Fusion
  9. Crypto Contest July 25: Maecenas
  10. Crypto Contest July 26: FOAM
  11. Crypto Contest July 29: Blue Whale EXchange

How did the previous months’ analysis go?

From April 1, 2017 to July 31, 2019, the analysis has been correct 175 times, wrong 181 times, and the cryptocurrency has been in a range 460 times.

How did the voters do in July 2019?

The voters (the most qualified votes (group or consensus)) were right 17 out of 31 times. So one could say that the crowd was right 55% of time.

Here is the list of contests that the most qualified votes (crowd) won:

  1. Crypto Contest July 1: iExec RLC
  2. Crypto Contest July 3: XMax
  3. Crypto Contest July 4: Synthetix Network Token
  4. Crypto Contest July 5: Yuan Chain Coin
  5. Crypto Contest July 6: Status Report XXX
  6. Crypto Contest July 7: Digitex Futures
  7. Crypto Contest July 13: Elrond
  8. Crypto Contest July 14: Acute Angle Cloud
  9. Crypto Contest July 15: Hxro
  10. Crypto Contest July 17: InvestDigital
  11. Crypto Contest July 18: Origo
  12. Crypto Contest July 19: Genaro Network
  13. Crypto Contest July 21: Aeon
  14. Crypto Contest July 23: Revain
  15. Crypto Contest July 25: Maecenas
  16. Crypto Contest July 27: Clams
  17. Crypto Contest July 28: Abyss Token

How did the voters do earlier?

Here is a table of crowd’s accuracy since February 2018.

July was the third worst month for this year so far.

Conclusion

Congratulations to the winners!

How can I vote? Where is the contest?

You can vote by following this link.

Ethical Stock Investment To Launch On New York Stock Exchange

Ethical Stock Investment To Launch On New York Stock Exchange (PlantbasedNews)

  • Beyond Investing is launching the US Vegan Climate Exchange Traded Fund (VGN ETF) on the New York Stock Exchange on September 10th.
  • The ETF is targeted at vegans looking for climate-conscious investments and is constructed by taking “the Solactive US Large Cap index (a proxy for the S&P 500 Index) and [excluding] any stocks whose activities are incompatible with a vegan and climate-conscious approach to investing, replacing damaging stocks with midcap alternatives that meet its ethical criteria.”

Analysis and Comments

  • Flows to ESG and sustainability-focused funds have spiked this year, as investors continue to focus on the investment opportunities that address issues such as climate change, (plastics) pollution, or gender pay disparities.
  • Therefore, you should expect to see continued growth in the number of investment instruments focused on these issues, particularly as worries around uncompetitive “stranded assets” intensify.



? Daily Crypto News, September, 8th?

  • Telegram Finally Releases Code for Its $1.7 Billion TON Blockchain ;
  • Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens ;
  • Bitcoin Price Near $10,500 as Ether and Other Altcoins Make Gains ;
  • Jack Dorsey: Twitter Has No Interest in Creating Libra-Like Crypt ;
  • Confusion over Cryptojacking: reports say the technique is rising and falling ;
  • ? Daily Crypto Calendar, September, 8th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Telegram Finally Releases Code for Its $1.7 Billion TON Blockchain

Telegram’s blockchain project, TON, has entered the last preparation stage before going live.
The code for running a blockchain node was released on the test network portal late Friday. Now developers and community members interested in the messaging app provider’s blockchain can start kicking the tires of a full node, a validator node and the blockchain explorer.


The release had been previously scheduled for Sept. 1, according to the sources familiar with the project’s progress, but was delayed a few days for unclear reasons.

? Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens

French hardware wallets manufacturer Ledger announced that its cryptocurrency management software Ledger Live now supports Ethereum (ETH) ERC-20 tokens.


In a blog post published on Sept. 5, Ledger announced the version 1.14.0 of its Ledger Live software that now supports over 1,250 Ethereum-based ERC-20 tokens. The update has already been released for both mobile and desktop versions of the software.

? Bitcoin Price Near $10,500 as Ether and Other Altcoins Make Gains

Saturday, Sept. 7 — Bitcoin (BTC) is trading sideways after falling short of the resistance at $11,000 yesterday, while Ether (ETH) is making a slight recovery from its dip earlier this week


Market visualization. Source: Coin360

Bitcoin has been trading in a range around $10,400 today. Yesterday it appeared that the coin would finally cross the $11,000 mark, a price the cryptocurrency has not seen since Aug. 13, but it fell short and corrected down to $10,313. At press time the coin is trading at $10,521, up 1% on the day.

? Jack Dorsey: Twitter Has No Interest in Creating Libra-Like Crypto

Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC).


Open standards are better
According to Australian news outlet The Sydney Morning Herald’s article published on Sept. 5, Dorsey is confident that Bitcoin is still the most likely candidate to beсome the internet’s native currency. Twitter CEO noted:
“I think open internet standards serve every person better than ones controlled or started by companies.”

? Confusion over Cryptojacking: reports say the technique is rising and falling

 It seems like everyone and their dog is a cryptojacker these days. Just a couple days ago, the US Department of Justice charged Paige Thompson, the ex-Amazon employee who hacked into hundreds of millions of customer accounts from credit card company Capital, with the crime.

Thompson was exploiting the computing services of cloud servers to mine crypto, making a tidy profit. 


And “cybergendarmes,” the French police’s crack cybersecurity team, just rumbled a hacking group that used a network of 850,000 computers to mine the cryptocurrency Monero, reports the BBC.  

It comes as no surprise, then, to hear that cybersecurity researchers from McAfee Labs just found that crypto-jacking campaigns have risen 29 percent, according to a report released this week.

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? Daily Crypto Calendar, September, 8th?

The Crypto School win burn 6000 TCS.

VEX (VEX/KRW, VEX/USDT) trading pairs. Deposits starting from Monday, 15:00 KST. Available for trading from Wednesday, 15:00 KST.

“Equal will be burning 12 million EQL in the third phase of the burn cycle.”

“Our new fee structure begins September 9th, and offers fee reductions for holding as little as 50 MTL…”

“On 9th September, Zilliqa and @Infinito_Ltd look forward to hosting a joint AMA .”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The STEEM is doing a similar pattern than the BTC but I’m not sure that we will be able to go test the 0.18$. We drop litte bit too much compared to BTC (as it is often the case) and so that resistance level is still quiet far. If the BTC starts again to correct, I expect that we won’t test at all the 0.18$ resistance and that the drop will come back on the STEEM also.

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Last Updates

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Join this new Free To Play on the STEEM Platform !



Crypto Contest September 8: CoinMeet

CoinMeet (Huobi: MEETBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, CoinMeet began a wave one advance on June 27. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 20, and the red wave two (blue sub-waves a-b-c) correction ended on September 4. If this wave count is correct, CoinMeet should be heading next towards the August 20 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

CoinMeet is building a blockchain ecosystem focusing on digital assets, digital identity and digital socializing. You can read their white paper here.

(Sources: CoinMeet and White Paper)

How can I vote? Where is the contest?

You can vote by following this link.

Bond Analysis Report 9/6/19 – Price Will Continue To Go Higher

Central banks have delivered 32 interest-rate cuts globally this year as a worsening U.S.-China trade war drags down global economic growth. Swap markets suggest we’re not even at the halfway mark for cuts yet.

Traders are expecting much more. Over the next 12 months, interest-rate swap markets have priced in around 58 more rate cuts, assuming central banks maintain their current trajectories in easing. Those cuts could total another 16% in global reductions.

Source

And when it comes to the US, the Equity and Bond markets have already priced in further rate cuts.  The Fed’s target rate range is between 2% and 2.25% after a cut of 25 basis points in July.  If Fed Powell doesn’t continue to cut rates, many on Wall Street (and Trump) are saying the Feds will cause the next recession.  A big part of this thesis is when the Feds raised rates four times in 2018 with the last one causing that massive sell-off in December (Merry Christmas).

The US Feds are in a tough spot because the US economy is actually still growing…just at a slower pace.  The economy expanded by 2% in the second quarter and consumer confidence is still near all-time highs. Based on the historical correlation between the stock market and consumer confidence once the index hits 100, consumer confidence may be about to dip, which could hit the retail space hard and evidently the stock market.

Source

But what’s going on around the world can’t be ignored, the global economy is slowing down.  And probably more important, the invert yield curve can’t be ignored either because it’s only predicted the last 5 or 6 recessions.

And so, from a fundamental standpoint, based on the continued rate cuts around the world, I expect the 10 yr bond to continue to move higher over time. However, from a technical standpoint, price is currently in a monthly supply zone. The chart suggests price will pull back, before moving higher.

On the daily chart, price should at least stall at these levels, if not react and move higher.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.