Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes
2021-05-07 14:25:00
Peter Hanks,
Strategist
Dow Jones, S&P 500, Nasdaq 100 Price Outlook:
Initial price movements suggest rate hikes or Fed tapering is a growing concern for equity traders
Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes
The Dow Jones and S&P 500 jumped to record levels Friday as traders reassessed the monetary policy landscape following a rather significant miss on non-farm payroll data. While lower than expected employment data is typically bearish for equities and risk assets, price action suggests the market has moved into “bad news is good news” territory. In such an environment, underwhelming data can lead to equity price gains as traders come to expect looser monetary policy or further fiscal assistance.
Bitcoin Price Forecast: Cryptos Surge Alongside Coinbase s Nasdaq Debut
2021-04-14 20:05:00
Peter Hanks,
Strategist
Bitcoin (BTC/USD) Price Outlook:
Bitcoin surged to nearly $65,000 as the largest cryptocurrency by market cap waded into record territory
Gains were observed across the crypto world as a leading cryptocurrency exchange, Coinbase, debuted on the Nasdaq
Bitcoin Price Forecast: Cryptos Surge Alongside Coinbase s Nasdaq Debut
Bitcoin came within striking distance of $65,000 Wednesday as a broad-based cryptocurrency rally took off alongside the Coinbase initial public offering. Wednesday’s gains have seen Bitcoin climb more than 105% in the year-to-date as widespread corporate adoption has helped drive persistent demand for the digital asset. Coinbase shares, which are perhaps the most straightforward display of public perception regarding cryptocurrencies outside of the coins themselves, opened considerably higher than their initial list price of $250 at $381.