Bitcoin Hits New Record Above $20,000, Twitter Up 5% As Stocks Ride Stimulus Momentum

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Though companies continue to paint a grim near-term outlook, stocks are riding high on expected stimulus.

are down 1% and 5%, respectively, after each firm indicated in regulatory filings that the recent spike in Covid-19 cases has already had a worse-than-projected impact on business.

Heading up gains in the market, shares of Twitter climbed 5%, reaching a more than six-year high, after the firm said Tuesday it was shuttering its money-losing Periscope social streaming platform.on Wednesday morning, bucking recent volatility to hit a new all-time high as the U.S. dollar continues to slip amid inflation worries.

Global markets also edged higher on Wednesday, with Hong Kong's Hang Seng Index ending the day up 0.9%, while the United Kingdom's FTSE 100 and Germany's DAX Index added 0.6% and 1.3%, respectively, as of U.S. market open."A dearth of negative risk catalysts and guarded optimism vis-à-vis Brexit negotiations and U.S.

Wednesday morning. The popular trading app has exposed investors to “unnecessary trading risks” by “falling far short of the fiduciary standard," Massachusetts alleged in a draft complaint reviewed by WSJ and expected to be filed later Wednesday.

 

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Goes to show we're in a bubble.

horrible

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Bitcoin Hits New Record Above $20,000, Twitter Up 5% As Stocks Ride Stimulus MomentumBitcoin hit a new record above $20,000 and Twitter was up 5% this morning as stocks ride the stimulus momentum 95% only bad news( Bitcoin appears to be one way to hedge against US inflation, as US currency is being printed 24/7 & US Congress on spending spree
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