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Matt Weller - 4 Weller - 4 Dow - 2 bitcoin - 2 Julius Caesar - 1 Pope Gregory XIII - 1 ” - 1 “ Barbie ” - 1
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5 mentions found


☆ Stocks hate this one weird trick from the calendar
  + stars: | 2024-02-29 | by ( Krystal Hur | ) edition.cnn.com   time to read: +5 min
New York CNN —Leap Day might seem like fun and games — until you consider Wall Street. To account for that gap, Julius Caesar in 45 BC decreed that an extra day be added every four years, leading to the Julian calendar. Pope Gregory XIII in 1582 AD created the Gregorian calendar, coined the term “leap year” and established February 29 as the official leap day. He adds that a leap day can also help marginally raise corporate earnings, since companies get an extra day in a fiscal quarter to operate. History shows that stocks tend to perform worse when an additional day is added to the calendar.
Persons: Julius Caesar, Pope Gregory XIII, Matt Weller, Weller, Dow, ”, “ Barbie ”, “ Oppenheimer, ’, Samantha Delouya, It’s, Read, Sam’s, Sam, Matt Egan, Banks Organizations: CNN Business, Bell, New York CNN, Dow Jones, Bulls, Research, AMC Entertainment, AMC, Treasury Department, CNN, Treasury Locations: New York, FOREX.com
☆ Global fund managers turn uber-bullish as stock rally rolls in to mid-December
  + stars: | 2023-12-19 | by ( Bob Pisani | ) www.cnbc.com   time to read: +2 min
If you want a sense of how frothy things have become, look no further than the December Bank of America Global Fund Manager Survey. This is a survey of roughly 250 global fund managers and is a very good gauge of sentiment among fund managers. 1-month average returns: 1.9% (vs. 0.6% in all 1-month periods) 3- month average returns: 3.3% (vs. 1.9%) 1- year average returns: 7.5% (vs. 7.9%) Source: StoneX While eight-day streaks are rare, the Dow has done even better. Last July, th e Dow broke a 13-day winning streak , the likes of which were last seen in 1987. It's currently at an RSI (Relative Strength Indicator, a gauge of momentum over the past 14 trading days) of 85.
Persons: Dow, Matt Weller, That's, Weller, It's Organizations: Bank of America Global Fund, Survey, Federal, Dow Locations: China
☆ Bitcoin may see a 'supply shock' as available tokens hit their lowest level since 2018 with a potential ETF likely to jolt demand, analyst says
  + stars: | 2023-10-27 | by ( Aruni Soni | ) www.businessinsider.com   time to read: +2 min
That could set up a supply shock with potential approval of a spot bitcoin ETF looming, an analyst said. AdvertisementAdvertisementThe world's largest cryptocurrency by market capitalization might run into a shortage of liquid supply, especially with potential approval of a spot bitcoin ETF poised to boost demand. Bitcoin balance on exchanges and price of bitcoin CoinDesk, GlassnodeThe supply crunch could set up bitcoin for another price spike. Earlier this week, bitcoin hit $35,000, the highest since May 2022, on hopes that a spot bitcoin ETF would get regulatory approval soon. AdvertisementAdvertisementUnlike a regular currency, the supply of bitcoin was designed to be finite, capped at 21 million tokens.
Persons: Bitcoin, —, Matt Weller, CoinDesk, there's, bitcoin, Weller, haven't Organizations: Service
☆ Column: AI craze leaves crypto for dust
  + stars: | 2023-06-01 | by ( Jamie Mcgeever | Thomson Reuters | Jamie Mcgeever Has Been A Financial Journalist Since | ) www.reuters.com   time to read: +4 min
As billions of dollars have flooded into Big Tech over the last six weeks, bitcoin trading volumes and demand have slumped. Since April 25, the NYSE FANG+TM index of big tech and growth stocks has surged 24%, nearly three times the broader Nasdaq. The AI boom has gathered momentum despite the rise in bond yields and discount rates. This has highlighted bitcoin's underperformance and strongly suggests that outside the rarified world of Big Tech, investors are much more discerning. Indeed, just seven U.S. tech stocks have driven all of the positive S&P 500 returns so far this year, according to analysts at Barclays.
Persons: Crypto, Matt Weller, Weller, bitcoin, Vanda, Vanda's Marco Iachini, cryptocurrencies, Jamie McGeever, Sam Holmes Organizations: Nasdaq, NYSE, Reuters, Big Tech, Microsoft, Barclays, Vanda Research, Thomson Locations: ORLANDO, Florida, U.S
☆ Investors flock to short crypto funds, products as negative sentiment deepens -CoinShares
  + stars: | 2022-11-21 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com   time to read: +2 min
Crypto products and funds saw inflows of $44 million, as of the week ended Nov. 18, but 75% of those flows represented investments in short crypto products, data showed. The total assets under management have plunged to $22 billion, the lowest in two years, CoinShares said. FTX filed for bankruptcy protection in the United States more than a week ago in the highest-profile crypto implosion to date. CoinShares data also showed that bitcoin posted inflows of $14 million, but when offset by inflows into short investment products, the net flows were a negative $4.3 million. Investors poured in record inflows to short-Ethereum products of $14 million.
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