
Several Wall Street banks including JPMorgan Chase are abruptly changing their forecasts for the US stock market. JPMorgan Chase’s head of global market intelligence Andrew Tyler says the lender’s trading desk is flipping short-term bearish on the stock market amid a deteriorating macroeconomic backdrop, reports Bloomberg. All in all, the US stock market has wiped […]
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A closely followed crypto analyst says that a big stock market rally that will boost Bitcoin (BTC) and digital assets appears to be just over the horizon. In a new video update, Jason Pizzino tells his 348,000 YouTube subscribers that US stock markets look to be gearing up for another rally that will push Bitcoin […]
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Software development firm MicroStrategy (MSTR) is announcing a massive new stock offering to raise funds for accumulating more Bitcoin (BTC). In a new press release, the business intelligence company says it is setting the price of its perpetual strike preferred stock offering at $80 per share with the hopes of obtaining $563.4 million, some of […]
The post MicroStrategy Announces $563,400,000 Stock Offering, Says Part of Proceeds Will Be Used To Acquire More Bitcoin appeared first on The Daily Hodl.
Fundstrat chief investment officer Tom Lee says the market sell-off triggered by the release of low-cost Chinese artificial intelligence (AI) model DeepSeek is an overreaction. In a new interview on CNBC’s “Closing Bell,” Lee says that Monday’s market correction is likely an opportunity for long-term investors. Stocks and crypto plummeted on Monday as investors processed […]
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Bloomberg Intelligence senior macro strategist Mike McGlone is warning that gold’s strong 2024 performance may be a bearish signal for Bitcoin (BTC) and other risk assets. McGlone says that gold has been outperforming the markets, suggesting that investors are moving their wealth into the precious metal as the preferred safe haven asset amid concerns of […]
The post Gold’s Outperformance in 2024 ‘May Not Be a Good Sign’ for Bitcoin and Other Risk Assets, Says Bloomberg Analyst appeared first on The Daily Hodl.
Several billionaire money managers have modified their portfolios and poured about $1.8 billion into new assets, according to a new report. Billionaires Philippe Laffont, Stanley Druckenmiller, Chase Coleman, Stephen Mandel and Larry Robbins are accumulating AI-centered equities, reports The Motley Fool. The investors have specifically targeted US semiconductor and software giant Broadcom (AVGO), purchasing a […]
The post Billionaires Pour ~$1,777,000,000 Into Three Assets in Major Portfolio Overhaul: Report appeared first on The Daily Hodl.