DTAsoporte

In this week’s recap, we see that global stocks finished mostly higher, with the NASDAQ achieving a record high and the S&P 500 reaching a record close, as investors reacted favorably to President Biden agreeing to a roughly $1T infrastructure plan, in hopes it will further stimulate the economy. Asian shares rose further on Friday, tracking gains from the U.S. on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed +0.58%, & the Japanese Nikkei 225 jumped +0.7% in afternoon trading […]

In this week’s recap, we see how most of the world markets ended lower, including the US stock market. U.S. stock futures fell on Friday, as the Dow Jones fell over 300 points down near 1% & is on pace to post its worst week since January, down nearly 2%, as the Federal Reserve added 2 rate hikes to its 2023 forecast & increased its inflation projection for the year. Friday futures for the S&P 500 & Nasdaq were lower by nearly […]

In today’s recap we talk about how El Salvador government says Bitcoin can now be used as a legal tender in the country and a higher-than-expected inflation rate in the U.S U.S inflation shows prices soaring by +5% in May vs a year ago, the biggest increase since the Great Recession of 2008 & 2009. While it may still be distorted by the pandemic, analysts differ on what this means for the U.S. economy. The CPI also showed a gain of +4.2% […]

Today we’re going to be talking about Robinhood, the 12 billion dollar valuation company that keeps going down, keeps getting hacked, and keeps stealing from their customers legally. Unfortunately, Robinhood has revolutionized the industry in a bad way, thinking that everything is free, with no fees (when on the back end they’re literally allowing your orders to be manipulated), but people think for pennies and not in dollars, and now there was a recent situation where their accounts were getting hacked and […]

In this week’s recap, U.S. benchmark indices were slightly higher, as investor concerns over the consequences of a strong economic recovery, marked by surging inflation, continued to trouble the overall market. Friday, May jobs report showed solid gains, boosting investor confidence in an economic comeback. Russia has been gradually reducing its dollar holdings since the imposition of Western sanctions following the annexation of Crimea in 2014. On Thursday, Russia says it will end all U.S. dollar assets in its National Wealth Fund […]

In this week’s recap, US and global markets generally closed higher as investors became increasingly convinced that the US Federal Reserve and other central banks will maintain their financial support, despite an outbreak of higher inflation in the short term. The U.S. Russell 2000 is a small-capitalization stock index & is closing in on the longest monthly win streak since 1995. It is now at 2,273.07. It has been up for the last consecutive 8 months & is nearing its all-time high […]

In this week’s recap, U.S. stocks rebounded on Thursday after U.S. jobless claims data indicated that the labor market continued to recover, helping major indices break a 3-day losing streak. Had been under pressure after concerns that rising inflation could prompt central bankers to pare back easy-money policies. Bitcoin, which shook markets earlier in the week with a 28% plunge, was stable for a 2nd day early Friday between the $40K to $41K range. The cryptocurrency market stabilized after a week of […]

In today’s recap, we talk about how Elon Musk is affecting the behavior of Dogecoin and other cryptos; There’s an undergoing investigation for Binance, and the armed conflict between Palestine and Israel is rising. Tesla CEO Musk said Wednesday that Tesla has suspended vehicle purchases using Bitcoin, out of concern over the rapid increasing use of fossil fuels for Bitcoin mining. The price of Bitcoin dropped about -5% in the 1st few minutes after the announcement. It has since dropped a total […]

Dogecoin, an altcoin outside of Bitcoin, has seen a huge rally in the last days. There was a cyberattack that forced to shut down the largest gasoline pipeline on the East Coast, and the US in general. Another crypto-currency mania is taking over the market as a parabolic rally for altcoins outside Bitcoin, is taking the value of all digital tokens past $2.3T. Dogecoin a crypto that started as a joke, was traded at $0.68 on Tuesday, +131% over past week, & […]