MORGAN STANLEY: Stocks could fall another 9% as the new bull market faces a rising tide of risks - and these 2 cyclical sectors are the best long-term trades to take advantage of
Markets are poised to face increased volatility with one week left before the US presidential election. While Joe Biden, the Democratic nominee, has enjoyed a healthy lead in polls, some analysts fear that a closer race could lead to a contested election and market chaos. Not all economic data published Tuesday pointed to fresh weakness. US durable-goods orders grew 1.9% in September, the Census Bureau said in a preliminary report. Economists surveyed by Bloomberg had expected orders to climb by just 0.5%. The reading joins other reports suggesting the economic recovery is stable and may not require more stimulus to continue.
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Bitcoin is like 'digital gold' and won't be used the same as a traditional currency in at least 5 years, billionaire investor Mike Novogratz says | Currency News | Financial and Business News | Markets Insidernicoleperlroth No, BTC is not 'digital gold'. There are massive, marked differences between the two: you forget to tell us about assets support of this 'digital gold'
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
U.S. stock market braces for rocky week ahead of contentious U.S. electionWall Street faces a rocky run-up to Election Day, with mounting worries about the outcome in Washington adding to nerves about the coronavirus pandemic and fading chances of stimulus. A fall is inevitable. People must be shitting themselves Biden’s Socialism will wreck the already fragile US economy. A rocky stock market you say? Man, I've got no idea what that feels like...
La source: Reuters - 🏆 2. / 97 Lire la suite »
U.S. agency needs new powers to protect local news industry: senatorThe U.S. Federal Trade Commission needs new powers to protect the struggling U.S. local news industry from unfair competition from large technology companies, a senior U.S. lawmaker said. The Senator lost me at “needs new powers” New Media REGULATOR? IN A REPUBLICAN PARTY? I always thought Americans were so super crazy that surely a Hitler would be shot or blown up long before the vote. Little did I know, the crazy leaned Hitler (white Supremacy) FakeNews
La source: Reuters - 🏆 2. / 97 Lire la suite »