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2022-05-26 17:07:10 JPMorgan Sees 'Significant Upside' to Bitcoin — Replaces Real Estate With Crypto as 'Preferred Alternative Asset'

JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with hedge funds.”

The past month’s crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for bitcoin and crypto markets more generally.

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2022-05-26 17:05:55 US Senator Cruz 'Incredibly Bullish' on Bitcoin — Says 'I Have a Weekly Buy'

U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency “will change the world,” the senator said, “Uncontrolled, decentralized currency is terrifying for those who want control of currency.”

I gotta say when it comes to bitcoin, when it comes to crypto more generally, I am incredibly bullish.

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2022-05-26 17:04:49 This eclipse-like event is why bitcoin could reach $100,000 by next year, says forecaster with a solid record on the crypto

Stocks are settling in for more choppy action, as investors continue to consider the Federal Reserve minutes and after Nvidia dropped a warning late Wednesday.

But we’re switching away from Wall Street’s tug of war to focus on cryptocurrencies, and a call from the president of macroeconomic research firm Lamoureux & Co., Yves Lamoureux, who has made some prescient predictions on crypto (not to mention equities).

He said the so-called winter for bitcoin BTCUSD, -3.01% is over for now, with a forecast for the No. 1 cryptocurrency to reach $100,000 by later 2023, in a run higher that could last up to 2025.

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2022-05-24 13:19:09 Stock Market Is Near Capitulation As Market Rotation Out From This Sector

Market rotation out from this defensive sector could signal the start of stock market capitulation based on the analogue comparison of the global financial crisis in 2008.

Many traders and investors speculated about a potential market bottom or at least a meaningful rally could be around the corner as S&P 500 rallied from the oversold condition below 3900 to almost 4100 just within 4 days.

The rally was expected to be short-lived as explained in the video at the bottom of the post using multiple scenarios focusing on the characteristics of the price action in order to differentiate a bull trap from a market bottom. This was further supported by the bearish reversal off the resistance at 4100 on 18 May 2022 for S&P 500.

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2022-05-24 13:15:17 Snap’s warning of a weaker outlook sends ripples through tech stocks

More bad news ahead? Snap could be the canary in the coal mine for the broader internet sector.

An unexpected warning about the deteriorating economy by Snap Inc. Chief Executive Evan Spiegel rippled through internet and social-media stocks late Monday, potentially ruining the market’s comeback attempt from earlier in the day.

After the market closed with strong gains Monday, Spiegel spoke at a JP Morgan technology conference, and the company stated in a regulatory filing that its second-quarter earnings would come in below its prior estimates. At the conference, Spiegel said the economy has ”definitely deteriorated further and faster” than Snap SNAP, -3.40% had expected when it gave its forecast during its earnings call last month. He added that the Snapchat parent is slowing its hiring pace for the year and looking for ways to cut costs.

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2022-05-24 13:11:59 CFTC Chairman Confirms Bitcoin, Ethereum Are Commodities

The chairman of the U.S. Commodity Futures Trading Commission (CFTC) says he is certain bitcoin and ether are commodities. He outlined how his agency is working with the U.S. Securities and Exchange Commission (SEC) to regulate the crypto sector, noting that “there are no customer protections right now in the crypto market.”

CFTC chairman said: "Well, I can say for sure bitcoin … is a commodity. Ether as well."

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2022-05-24 13:06:28 The World Economic Forum Is Worried About Safety in the Metaverse

The World Economic Forum (WEF), one of the most influential international institutions, has expressed its worries about the safety of metaverse dwellers, especially younger ones. The group has raised a number of concerns regarding the anonymity and safety of young individuals in this upcoming alternate world, and has given a number of recommendations to preserve them.

Children are in front of more games across more devices for longer – partly because of the pandemic. They are witnessing wide-ranging behaviour (including abuse, if they are not monitored). And monitoring itself is becoming so much more of a challenge.

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2022-05-21 22:34:28 The S&P 500 narrowly averts a bear market. How long do they last once they arrive?

The S&P 500 averted a bear market Friday, trimming losses to finish flat after trading solidly below a key threshold. But history shows that when a bear arrives, it tends to stick around awhile.

The large-cap U.S. benchmark SPX, +0.01% ended the session with a gain of less than a point at 3,901.36 after trading as low as 3,810.32. A close below 3,837.25 would mark a 20% pullback from the S&P 500’s Jan. 3 record finish, meeting the traditional definition of a bear market, according to Dow Jones Market Data.

The Dow Jones Industrial Average DJIA, +0.03% erased a 617 point loss to end the day at 31,261.90. A finish below 29,439.72 would put the blue-chip gauge into a bear market.

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2022-05-21 22:30:49 G7 Finance Leaders Call for Swift and Comprehensive Crypto Regulation

The G7 finance ministers and central bank governors have called for a swift and comprehensive regulation of crypto assets. The G7 decision followed the recent crypto market turmoil, including the collapse of cryptocurrencies LUNA and UST.

“The G7 supports work by the Financial Stability Board (FSB) to monitor and address financial stability risks arising from all forms of crypto-assets, and welcomes increasing global cooperation to address regulatory issues associated with the use of crypto-assets, including in cross-border payments,” according to the communique summarizing the finance leaders.

In light of the recent turmoil in the crypto-asset market, the G7 urges the FSB … to advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers.

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2022-05-18 19:28:42 Best Computer Hardware Stocks To Buy In May

HP and Western Digital are trading at attractive levels.

Key Insights

Worries about PC demand have failed to put pressure on HP and Western Digital in recent weeks.

Earnings estimates for HP remained stable despite China’s decision to push foreign PCs out of government agencies and state firms.

Western Digital stock has recently received a boost from activist investor Elliott Management.

While many traders were worried about declining PC demand after the end of the acute phase of the coronavirus pandemic, some computer hardware stocks managed to show strength despite general market weakness. Importantly, these stocks continue to trade at attractive valuation levels.

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