Bitcoin Surges Past $100,000: A Stunning Comeback Fueled by Wall Street and Regulatory Shifts Bitcoin reached a historic milestone on Wednesday night, surpassing $100,000 for the first time. This marks a dramatic recovery for the cryptocurrency industry just two years after the collapse of major players like FTX in 2022....
Currently, the market appears to be sentiment-driven, leaving the bulls on shaky ground. The S&P 500 performance over the past five years provides a telling example. A Bull Market Backed by Earnings is Stronger Than One Fueled by Emotion A bull market rooted in earnings growth offers a far sturdier...
Citadel CEO Ken Griffin anticipates that the market will likely rally once the uncertainty surrounding the U.S. election fades. Speaking at Saudi Arabia’s Future Investment Initiative (FII), Griffin remarked, “The reduction in uncertainty is almost always positive for asset prices.” With the current tight race, in which Trump holds a...
Despite rising bond yields putting pressure on U.S. stocks, many analysts remain optimistic about the market future. Nicholas Colas, co-founder of DataTrek Research, expressed confidence in a recent note, saying, “While higher yields are pressuring stocks, we remain bullish.” Colas views the increase in the 10-year Treasury yield as a...
A report from David Kostin, chief U.S. equity strategist at Goldman Sachs, recently added fuel to this discussion. Kostin cautioned that the S&P 500 could be heading for one of its weakest stretches of returns in nearly a century. His warning echoed earlier concerns from strategists at J.P. Morgan and...
Hello, traders! Today, we’ll dive into using the Sonic Trading System from Day Trade to Win. This system provides the key elements you need for day trading success: entries, targets, and stops. However, managing trades based on the system’s rules is just as important. Let’s break down some critical lessons...
