Month: November 2020

Traders work on the floor of the New York Stock Exchange. NYSE For most of the eight months since the Covid crash culminated, the stock market’s recovery has fed off rampant doubt, disbelief and cognitive dissonance toward resurgent asset prices set against a severely damaged economy. No more. Wall Street’s rally has now entered the
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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Monday, bitcoin has surpassed its previous all-time high of $19,783 set in December, 2017, when it traded as high as $19,786.24.
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The Dow Jones Industrial Average (DJIA), or simply the Dow, hit a historical high of 30,000 points last week. While the number is a psychological barrier at best, the most important point of this milestone is how rapidly the blue-chip index has recovered from March lows, going on a run of over 60% in 2020.
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Canberra has accused Beijing of sharing a “repugnant” and fake image of an Australian soldier holding a bloodstained knife to the throat of an Afghan child in a considerable escalation of diplomatic tensions. Scott Morrison, Australia’s prime minister, said on Monday that his government had protested to Beijing over the “deeply offensive” post on Twitter
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A succession of defaults has rattled China’s $15tn bond market and is raising concerns about the country’s financial health following a sharp slowdown in economic growth this year. For foreign investors who have snapped up Chinese paper in 2020, the burning question is whether the liquidity crunch will spread. For more general observers, the risk
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The ongoing Bitcoin (BTC) rally has primarily been driven by institutions, analysts say, with metrics such as CME’s open interest and Grayscale’s assets under management (AUM), supporting this narrative.  At the same time, the gold market has seen large outflows in recent weeks. On Nov. 24, independent financial researcher Jan Nieuwenhuijs reported that gold saw
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The silver miners’ stocks have been grinding lower on balance since early August in a healthy correction.  This necessary rebalancing is achieving its… by Adam Hamilton of Zeal LLC The silver miners’ stocks have been grinding lower on balance since early August in a healthy correction.  This necessary rebalancing is achieving its mission of dampening
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There are a growing number of financial websites offering a plethora of expert advice on investing. Although there are many common characteristics, each website has its unique appeal. Two websites that have particularly high visibility are The Motley Fool and TheStreet. Key Takeaways Among the growing number of financial websites that offer expert advice on investing, two websites that have
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US president-elect Joe Biden has given top positions to female former aides to Barack Obama and Hillary Clinton, as he announced senior appointments to his economic and communications team on Sunday. Mr Biden announced that Jennifer Psaki, the former White House communications director and State department spokesperson under Mr Obama, would serve as White House
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