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Oil Drags Commodities Lower After Trump’s Positive Virus Test

October 2, 2020 admin Comments Off on Oil Drags Commodities Lower After Trump’s Positive Virus Test

(Bloomberg) — Oil and copper dropped while gold edged higher after President Donald Trump said that he tested positive for Covid-19 with just one month left until the U.S. presidential election.Brent crude slipped as much as 4.8%, slumping sharply for a second day. The global crude benchmark helped drag raw materials lower, with copper touching a seven-week low and crop futures falling. A Bloomberg gauge of commodity spot prices had already fallen about 4% from an early September peak amid a pickup in virus cases around the world, and Trump’s positive result fuels more uncertainty over the election.“The market will …read more […]

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Intel wins second phase of contract to help Pentagon develop chips

October 2, 2020 admin Comments Off on Intel wins second phase of contract to help Pentagon develop chips

Under the project, Intel will help the military develop prototypes of chips using its semiconductor packaging technology at factories in Arizona and Oregon. The packaging technology allows pieces of chips called “chiplets” from different providers to be combined into one package, helping cram more features into a smaller finished product while lowering its power consumption. Intel declined to disclose a dollar figure for its portion of the contract, which is being overseen by the Naval Surface Warfare Center, Crane Division. …read more […]

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Position Sizing: What It Is and How It’s Done

October 2, 2020 admin Comments Off on Position Sizing: What It Is and How It’s Done

Karim Rahemtulla, Co-Founder of The War Room, recently released a video on the importance of position sizing. And if you don’t know what position sizing is, don’t worry, you will by the time you finish the video.
Karim considers position sizing the most important concept in investing. Even more important than the concept of the limit order. You may think you understand position sizing, but there may be more to it than you know.
Check out the video below to get a full understanding of what position sizing is. If you can’t watch the video right now, just keep reading and I’ll …read more […]

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U.S. Index Futures Fall as Trump Tests Positive for Covid-19

October 2, 2020 admin Comments Off on U.S. Index Futures Fall as Trump Tests Positive for Covid-19

(Bloomberg) — U.S. equity index futures fell after President Donald Trump announced that he and First Lady Melania Trump had tested positive for Covid-19, sparking a pull-back in riskier assets and sending the VIX higher.December contracts on the S&P 500 Index were trading 1.2% lower as of 8:50 a.m. in London after falling as much as 2% earlier. Futures on the Dow Jones Industrial Average were down 1.3% and those on the Nasdaq 100 Index down 1.6%. The VIX Index rose to 28.91, but remained below levels seen last week.In a memo released early Friday morning in the U.S., Trump’s …read more […]

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Market Watchers Warn of Deeper Selloff as Trump Tests Positive

October 2, 2020 admin Comments Off on Market Watchers Warn of Deeper Selloff as Trump Tests Positive

(Bloomberg) — Investors are warning against higher volatility and a potentially deeper selloff in risk assets after the news of President Donald Trump and the First Lady testing positive for Covid-19 shattered the calm in global markets Friday.U.S. equity futures slumped as much as 2% and Asian stocks also declined following the announcement. The dollar and the yen climbed as the news stoked risk aversion. VIX October futures jumped almost 12%.“Markets hate uncertainty and this ticks all those boxes,” said Jeffrey Halley, senior market analyst for Asia Pacific with Oanda Corp. “Not because of the President alone, but because this …read more […]

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Stocks Fall, Dollar Climbs as Trump Tests Positive: Markets Wrap

October 2, 2020 admin Comments Off on Stocks Fall, Dollar Climbs as Trump Tests Positive: Markets Wrap

(Bloomberg) — U.S. and European equity futures fell with Asian stocks and the dollar climbed after President Donald Trump said he had tested positive for the coronavirus.Trump said that both he and the First Lady Melania Trump tested positive and that they will now quarantine themselves. They were tested after Hope Hicks, one of his closest aides, returned a positive result for Covid-19. The yen and Treasuries, often seen as havens in times of market stress, rose. Nasdaq futures were 2% lower and crude oil extended losses.Trump’s physician said the president and Melanie Trump will remain at the White House …read more […]