Roughly one-quarter of the S&P 500’s (^GSPC) 15% gain so far this year comes from five high-profile stocks: Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) and Facebook (FB).“S&P 500 returns over the next 3-5 years are inextricably linked to the performance of the Tech sector and especially those 5 names,” wrote Nick Colas, co-founder of DataTrek Research in a note to clients on Tuesday.While the aforementioned five stocks are powerful for the broader market, one in particular has been taking on extra importance in recent weeks: Microsoft. The stock has hit multiple record highs recently and has a market
Bank of America Merrill Lynch surveyed 230 fund managers responsible for $645 billion in funds in the second week of June and they found a sharp increase in risk aversion.The survey is the “most bearish survey of investor confidence since the Global Financial Crisis,” they write. “Pessimism driven by concerns over trade war/recession, monetary policy impotence and low strike prices for policy puts.”The survey showed the second largest drop in equity allocation ever and global growth expectations fell by the most in a single survey since 1994.On policy, they don’t see a Fed put until the S&P 500 hits 2430
Dozens of corn farmers and those who sell them seed, chemicals and equipment gathered on Thursday at the restaurant in Deer Grove, Illinois, after heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.The storms have left millions of acres unseeded in the $51 billion U.S. corn market and put crops that were planted late at a greater risk for damage from severe weather during the growing season. Together, the problems heap more pain on a farm sector that has suffered from years of low crop prices and a U.S.-China trade
A mother taking her young for a walk along the stream.
Category
animalphotography
Camera ~ Lens
Nikon D3400 DSLR ~ 18-55 mm
Location
Australia
Prompt / Theme: Monsters in real life – what is one of your monsters? What do you battle with in your life?
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Australia’s central bank is likely to lower interest rates again to drive increased hiring and boost households’ confidence that inflation will return to target.
The Reserve Bank made the comment in minutes of its June 4 policy meeting, when it eased the cash rate to 1.25% in the first reduction in almost three years. The report was released in Sydney Tuesday.
“The July meeting is clearly live, but we marginally favor August for the next 25 basis-point cut because it coincides with the Statement on Monetary Policy,” said Gareth Aird, senior economist at Commonwealth Bank of Australia, referring to the RBA’s quarterly
Russia joined a growing pack of emerging-market nations lowering interest rates and signaled more reductions to come, boosting bonds and the ruble and leaving traders to guess the timing of its next cut.The first reduction in more than a year had been expected and strategists said Bank of Russia’s dovish tone was justified given weak growth and slowing in inflation, meaning further cuts wouldn’t hurt the world’s best-performing currency this year. With the Federal Reserve predicted to lower rates in the U.S., Russia’s carry-trade appeal should endure, ensuring further flows into the nation’s bonds.Piotr Matys, currency strategist at Rabobank in
What I like about the set-up is the buyers took out the pivot low in yellow circle. In addition, the 0.6545 level appears to be a level that price likes as indicated by the purple circles.
This trade is a position trade, meaning I’m willing to hang on to the trade for months/years if price moves in my favor as my trade is 500 pips away.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making
Given the negative impact the U.S. trade war with China has had on the broad Chinese equity market, Macau casino stocks have held up relatively well so far in 2019. Unfortunately, some gaming insiders are anticipating that luck will change in the second half of the year.Andrew Lo Kai Bong, executive director at Suncity Group Holdings, said Friday Macau gross gaming revenue could begin to fall in the second half of the year as trade war uncertainty and slowing growth in China weighs on appetite for gambling.In addition to the trade war, Lo said events such as Macau’s 20th anniversary
Prompt / Theme: What did you do last weekend? Any family visits? Father’s day events? Thanks to @shanghaipreneur for the suggesting the Prompt / Theme.
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Comment a reply directly to this post within 7 days. A genuine (family friendly) comment responding to the theme / prompt is required.
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Major Spanish bank Santander has been denied an appeal regarding a decision by the Court of Justice of the State of São Paulo in a case against crypto exchange Mercado Bitcoin, Cointelegraph Brazil reports on June 17.
Santander was sued by the Brazilian exchange Mercado Bitcoin in 2018, after the bank purportedly closed the exchange’s account at its sole discretion. The bank, which has branches in Latin America, cited concerns over the origin of the account’s fund due to the nature of the crypto exchange’s activities.
Over 1 million reals (around $350,000) were locked, but the court subsequently ordered Santander to free the funds. Additionally, the bank must pay a monthly fine equal to 1% interest for the funds that were locked; this reportedly comes out to over 200,000 reals ($51,000).
Blockchain payments startup Ripple has struck a deal to buy a stake in money transfer giant MoneyGram, the companies announced Monday.
Under the deal, according to the Wall Street Journal and Fortune, Ripple will spend $30 million to buy shares at a price of $4.10 apiece. And in the next two years, MoneyGram has the option to sell an additional $20 million worth of shares to Ripple at the same price. As noted by the Journal, MoneyGram shares were trading at about $1.45 apiece at the close of day, meaning Ripple’s purchase price is close to three times the current market value.
Notably, the deal will also see MoneyGram utilizing the digital token XRP as part of its day-to-day operations by way of Ripple’s xRapid transaction product. MoneyGram said that it was piloting the token back in January 2018, as CoinDesk reported at the time.
Bitcoin rose above $9,000 over the weekend, taking cumulative year-to-date gains to more than 150 percent.
Facebook to launch ‘GlobalCoin’ The social media giant is set to unveil its very own stablecoin, reportedly called GlobalCoin on Tuesday, June 17, with a launch to follow in 2020.
Binance.com bars US customers
Binance.com, the world’s largest cryptocurrency by trading volume, updated its terms of use on June 14 to exclude all users in the U.S.
The announcement led to a sharp sell-off in Binance’s very own native asset, Binance Coin (BNB). The price of BNB fell 12.8 percent to 25,209 satoshis (a satoshi being 0.00000001 of a BTC) on Friday, and hit a one-month low of 34,906 satoshis on Sunday.
Litecoin approaches ‘halving’ event
The upcoming litecoin (LTC) halving, set to trigger on August 5, 2019, will cut the reward gained from mining the cryptocurrency by half, meaning LTC will become a more scarce asset overall.
”Halvings’ as they are known, typically result in an overall boost in value for the crypto markets, as the assets themselves become harder to obtain and therefore increase in value.
A historic change in strategy is taking place at R3 and Digital Asset (DA), who are now collaborating to maximize their respective blockchain ecosystems.
Announced Tuesday, DA will be bringing its smart contract language DAML (Digital Asset Modelling Language) to R3’s Corda platform, as well as Hyperledger Fabric, following on from its Hyperledger Sawtooth tie-up last month.
DA co-founder Yuval Rooz had a tough act to follow, taking over as CEO from Wall Street legend Blythe Masters, who suddenly departed the company in December of last year.
He told CoinDesk: “Since I’ve taken over, we have had integration announcements with Sawtooth and VMWare, and what you are seeing now is a continuation of that strategy. Ledger providers see an opportunity to bring more business to their ledger because DAML allows developers to build applications much faster.”
Parity, the blockchain infrastructure company building on top of Ethereum–and its rival, Polkadot– has turned its hand to revamping Zcash’s inner workings.
A new Zcash client, called Zebra, was released today, designed to help make it easier for developers to write code on the network. In particular, this Zcash client has been written in the Rust programming language—whereas the original Zcash client was written in C++, since it was derived from bitcoin’s codebase. Rust is generally seen as a safer way to code applications. While it is less commonly used than C++, it is far more popular.
“We are excited to announce that we will be listed on Coinsuper with USD & BTC pairs on 18th June.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
I’m considering that the resistance line at 0.41$ has been broken and that it is now a support line. Howerver, the break is not perfect and the market is hesitating a lot. The ideal scenario would be to go break now the next resistance line at 0.43$ to confirm that UP trend so let’s see but i’m staying very carefull about that support line at 0.41$ that we could break down very quickly in case of small correction on the BTC.
