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Although the crypto markets lost some of their upwards momentum last week when controversy abounded regarding the controversial stable-coin Tether and related cryptocurrency exchange Bitfinex, Bitcoin has been able to maintain its position in the $5,000 region, which has led the aggregated markets to remain relatively stable.Although it still remains unclear as to whether or not the bear trend...
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U.S. markets were weak to start Friday’s session despite a blowout GDP number as mixed corporate earnings weighed on the major indexes. The rebound off the lows in the second half of action held into the closing bell to give the bulls the overall weekly win.The blue-chips lagged for the week, and the small-caps remain below a key resistance level, but the overall market momentum remains...
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U.S. markets were weak to start Friday’s session despite a blowout GDP number as mixed corporate earnings weighed on the major indexes. The rebound off the lows in the second half of action held into the closing bell to give the bulls the overall weekly win.The blue-chips lagged for the week, and the small-caps remain below a key resistance level, but the overall market momentum remains...
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Federal Reserve Chairman Jerome Powell is expected to emphasize the Fed will continue to be patient and hold back from raising interest rates, but there is a risk the Fed could inject some volatility into markets in the week ahead.The Fed meets Tuesday and Wednesday, in a week heavy with earnings news and some key economic reports. Friday’s employment report tops the list of data releases, but...
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U.S. markets showed strength throughout Tuesday’s session as better-than-expected earnings and mostly positive economic news helped fuel the rally. The gains propelled the S&P 500 and Nasdaq to fresh record closes as both indexes came within 5 points of setting all-time highs.The Russell 2000 showed the most strength after zooming 1.6% and testing a session high of 1,587. Prior and...
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