Month: August 2020

(Bloomberg) — Gold is rallying, a time-honored sign of gloom. But speculative companies in the stock market are also surging, signaling faith in an economic turnaround. Then there’s the dollar, which just had its worst month in a decade.Moves across asset classes right now seem especially chaotic, lacking a unifying theme. Until you look at interest rates.Specifically, real rates — jargon for yields after accounting for inflation. They’re a concept long familiar in emerging markets, where prices have always bounced around more, often feeding through to their currencies. America is seeing something of the same thing: because increasing consumer costs …read more […]

This is the second in a series of four articles analysing the Hong Kong and mainland stock markets, delving into the reforms, emergence of the Star Market as a solid fundraising venue, upcoming technology champions and the way forward. You can read part one here.When Starbucks was looking to boost its digital traffic in China to help sales recover from store closures prompted by the coronavirus pandemic, it turned to Alipay.The Chinese mobile app with 900 million users scattered across the nation integrated a pre-order and pickup feature for Starbucks into its popular app last month, a service that was …read more […]

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world’s second-biggest economy. Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported on Friday, citing a notice to Samsung staff. The factory shipped $4.3 billion worth of goods out of China in 2012, a figure that had sunk to $1 billion by 2018, the Hong Kong newspaper said. …read more […]

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Investors are preparing their portfolios for a potentially rocky patch in U.S. stocks, worried that a dramatic rebound in equities may stall amid dimming economic data and rising political uncertainty. Most money managers are wary of cutting equity exposure too drastically in a market that has rallied more than 40% since late March and stands near all-time highs despite widespread economic devastation and a global coronavirus pandemic. U.S. growth took its worst hit on record in the second quarter, while more recent data points to fading consumer confidence and jobless claims back on the rise. …read more […]

It’s a bearish start to the day for Bitcoin and the broader market. Bitcoin would need to move back through to $11,300 levels to support the pack. …read more […]

(Bloomberg) — Microsoft Corp. isn’t the only company interested in buying TikTok’s U.S. operations, according to people familiar with the matter.U.S. government officials probing national-security concerns around the Chinese-owned video-sharing app have had talks with at least one other large company as well as investors in TikTok parent ByteDance Ltd. who are interested in taking a stake in TikTok, according to one of the people, who requested anonymity because the discussions are private. This person declined to identify these companies.ByteDance is considering changes to the structure of TikTok because President Donald Trump is weighing ordering a divestiture of TikTok’s U.S. …read more […]

(Bloomberg) — Apple Inc. has acquired Mobeewave Inc., a startup with technology that could transform iPhones into mobile payment terminals, according to people familiar with the matter.Mobeewave’s technology lets shoppers tap their credit card or smartphone on another phone to process a payment. The system works with an app and doesn’t require hardware beyond a Near Field Communications, or NFC, chip, which iPhones have included since 2014.The Cupertino, California-based technology giant paid about $100 million for the startup, one of the people said. Mobeewave had dozens of employees, and Apple has retained the team, which continues to work out of …read more […]

It’s a mixed start to the day for the majors. A fall through the daily pivot levels would bring support levels into play. …read more […]

Bitcoin closed July at $11,351, according to Messari. …read more […]

If a top is forming then the market should stair-step down, first taking out $1966.50 then $1952.30. …read more […]

A hot topic in the upcoming U.S. Presidential election will likely be federal regulation surrounding marijuana. Right now, cannabis remains illegal at the federal level, but over 30 states have various forms of state-level approval for either medical or recreational cannabis.New York Governor Andrew Cuomo is pushing aggressively for approval of recreational cannabis, and now, Joe Biden has officially taken a favorable stance on cannabis legislation. Per his 110-page document released back on July 9, his platform outlined three main cannabis-related plans: 1) support federal legislation for medical marijuana, 2) let states decide on recreational cannabis, 3) decriminalize marijuana use …read more […]

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We just hit one of our biggest overnight winners in The War Room…
And today, I’ll break down exactly how we made this trade – step-by-step.
That way, the next time an opportunity like this presents itself, you can follow alongside me, and perhaps you’ll be next in line to hit a massive winner overnight.
Here’s what happened…
On Thursday, July 30, United Parcel Service (NYSE: UPS) was scheduled to report earnings.
Considering what we recently saw with FedEx, I had a feeling that the UPS report was going to trigger a big move – up or down.
Which way would it go?
Honestly, I didn’t care.
As …read more […]