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% […]
The Great Robinhood Scam
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 […]
Why are Bitcoin Prices Crashing? Crypto Crashes Also
Today’s video is about the crypto crash or the Bitcoin crash. Marcello is not particularly lean towards Cryptocurrency investments. He prefers stocks, mining stocks, silver, and other assets, but he acknowledges that cryptos, like any other investment, might lead to big gains. There has been some question lately. Why isn’t Bitcoin recovering? Why isn’t it going up as fast as before? and some other things that we should probably look for when talking about Bitcoin and Cryptos. Using the TradingView platform, Marcello […]
Recap June 6: Elon Musk Breaks Bitcoin Again, Minimum Global Tax, Meme Stocks Explode (Recap Ep126)
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 […]
Recap May 30: Reddit Gamestop 2.0, Crypto Crash, Gold Spikes (Recap Ep125)
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 […]
Recap May 23: Bitcoin/Dogecoin collapse, Inflation Fears (Recap Ep124)
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 […]
Recap May 15: Elon Musk Dogefather, Binance Investigation, War in Israel (Recap ep123)
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 […]
Recap May 9: Dogecoin To The Moon – Attack On US Infrastructure (Recap ep122)
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, & […]
Recap May 2: Food Prices Exploding – Corporate Profits are Huuuuge (Recap ep121)
In today’s recap, we start analyzing how food prices rise above the official inflation rate and see how most corporates reported their earnings and showed great profits. Of 124 companies in the U.S. S&P 500 index that have reported Quarter 1 results to date, 85.5% have already topped analysts’ earnings estimates, with Refinitiv IBES data now predicting a +34.3% jump in profit growth. Both the S&P 500 & Dow Jones Industrial Average are to finish a 3rd consecutive monthly gain today, up […]
Recap April 25: Kraken CEO Bitcoin Regulation, Biden Tax Hike, War with Russia (Recap Ep120)
In this week’s recap, U.S. stocks took a dive on Thursday, following reports President Biden planned to nearly double the capital gains tax & planned to raise income taxes on the wealthy, proposals some analysts are saying will be hard to pass in Congress, but investors took profits, ahead of big tech’s earnings next week. For the week: Dow -0.46%; S&P 500 -0.18%, NASDAQ -0.25%. Bitcoin & other digital coins plunged Friday, wiping over $200B of the value in the cryptocurrency market […]