America’s biggest banks are about to lock in their largest share of the banking industry’s profits in nearly ten years after an explosive run-up. JPMorgan Chase, Bank of America, Citigroup and Wells Fargo – the four largest banks in the US – recorded $88 billion in collective profits in the first nine months of the […]
The post JPMorgan Chase, Bank of America, Citigroup and Wells Fargo Consolidate Power Over Banking Industry Amid Record Profit Share: Report appeared first on The Daily Hodl.
The head of a $210 billion asset management firm has decided to unload a massive pile of assets. Billionaire Israel “Izzy” Englander, CEO of Millennium Management, has sold off 68% of the firm’s Walmart (WMRT) position – 8.1 million shares worth about $745 million – according to its latest filings with the U.S. Securities and […]
The post Billionaire Investor Abruptly Dumps $20,000,000,000 Portfolio, Pours Cash Into Four Assets: Report appeared first on The Daily Hodl.
Former Goldman Sachs executive Raoul Pal is outlining what he says are currently the three most important charts for crypto and macro. The first chart Pal shares with his 1 million followers on the social media platform X is a graph plotting US labor force participation rate and the US birth rate per 1,000 people […]
The post Here Are the Three Most Important Charts for Crypto and Macro Right Now: Ex-Goldman Sachs Executive Raoul Pal appeared first on The Daily Hodl.
Bitcoin pulled back from its range high as investors moved to greener pastures, but a possible misstep by the SEC could benefit BTC.
Bitcoin (BTC) briefly ventured above $68,000 on Oct. 16, the highest level since August, but holding this level proved harder than anticipated. With Bitcoin price now trading below $67,500, the primary question at hand is whether BTC price can restore its bullish momentum.
Stronger-than-expected economic data in the United States reduced investors’ appetite for alternative hedging instruments, while a strong earnings report by TSMC shifted traders’ attention to the stock market.
The macroeconomic environment played an important role in Bitcoin’s rejection at $68,000, but one event in the cryptocurrency industry in particular has triggered expectations of a more benevolent attitude toward crypto from the current Biden-Harris administration.
Macro economic analyst Raoul Pal just issued a dire warning to investors who are sitting on the sidelines. In a new YouTube video, the founder of Real Vision and Global Macro Investor says he believes fears of recession and rising inflation are way off the mark. Pal says governments are beginning to inject liquidity at […]
The post You Will Go To The Poorhouse If You Listen To Doomsdayers, Warns Macro Millionaire Raoul Pal in Alert To Investors appeared first on The Daily Hodl.
Banking giant Goldman Sachs is forecasting a weaker US dollar following the interest rate reversal from the Federal Reserve. In a new note to investors covered by Bloomberg, Goldman strategists say a gradual weakening of the greenback is expected now that lower rates have lessened the dollar’s appeal. The bank said the Fed’s recent cut […]
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A widely followed crypto analyst is warning that Bitcoin (BTC) and crypto could be seeing red this month based on historical seasonality. In a new video update, crypto strategist Benjamin Cowen tells his 810,000 YouTube subscribers that September has historically delivered negative returns for BTC more often than not. 1:30:- “I started noticing a pattern […]
The post Analyst Benjamin Cowen Issues September Warning, Says Month Historically Dangerous for Crypto appeared first on The Daily Hodl.
Investing veteran Tom Lee says that the worst of the recent correction in financial markets has likely already passed. In a new interview on CNBC, the Fundstrat founder says he’s looking at the volatility index (VIX), a popular gauge of expected volatility in stock markets. According to Lee, the VIX suggests that markets won’t see […]
The post Worst of the Selling Is Now Over Even As Investors Grapple With ‘Growth Scare,’ Says Fundstrat’s Tom Lee appeared first on The Daily Hodl.
ARK Invest’s Cathie Wood says a recession will hit the US in 2024 due to what she believes was overly aggressive interest rate hiking from the Federal Reserve. In a new YouTube update, Wood says that the US is already in a “rolling recession,” or a downturn that affects certain sections of the economy at […]
The post Cathie Wood Predicts Recession Will Hit US Economy This Year, Says Fed ‘Overdid’ Interest Rate Hikes appeared first on The Daily Hodl.
Banking giant Goldman Sachs says that China is weathering the biggest capital flight since 2016 amid struggling equities markets. In a report seen by the South China Morning Post (SCMP), Goldman says foreign investors sold off a net total of $3.3 billion in domestic Chinese stocks, bringing the total outflows for October to $5.1 billion. […]
The post China Sees Biggest Capital Flight in Seven Years As $5,100,000,000 Exits Struggling Stock Market: Report appeared first on The Daily Hodl.
