Market leadership in flux, bitcoin in trouble: Market takeaways

Blikre explains that stock market leadership is in flux. While the tech sector and megacaps have been in the lead, energy has risen as crude oil sits above $80 per barrel. Financials and staples are also rising, shaking up the market leaderboard.). The first 10 days of the month usually see the best performance from the index, and this July could be no different.) is facing its Mt. Gox cliff. The former cryptocurrency exchange is set to distribute 140,000 as part of its bankruptcy agreement.

We know over the last couple of years, but over the last seven days or so, we've seen some other sectors really rise to the forefront.There is XL C in the area again.And then here we have real estate, which is down 1.8% not making too much of that. Uh, but all in all it's kind of a change in leadership and we can see that with software now, even software is going under the hood, you're even seeing the other sectors and sub sectors.You know, people think of tech as this monolith but you have software and you have chip stocks, you also have some other stuff, but software has not been doing well.

But you know, if we go kind of sideways to down over the next few days, I would still look for that July pop.And for those of you who remember 10 years ago in Bitcoin, Mount Gox was the biggest Cryptocurrency exchange did 70% of all global volumes and it crashed, it was actually hacked, they lost something like 750,000 Bitcoins.There's 100 and 40,000 that are sitting there, they have to be distributed by a trustee over in Japan because that's where the firm was based.

There's that Monk Cliff also, Germany uh was selling some Bitcoin that had been confiscated there, you know, in crypto, you never know the whole story, do you?Doesn't mean anything.This super dividend stock offers high yield and visibility over earnings growth. It can help you earn $1,830 in passive income. The post Buy 500 Shares of This Super Dividend Stock for $1,830/Year in Passive Income appeared first on The Motley Fool Canada.

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