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Crypto Carnages Wipes $1 Trillion In Wealth As Transactions Tumble To 3-Year Lows
Article By:
Tyler Durden
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Tuesday, June 8, 2021 10:53 AM EDT
The total market capitalization of Cryptocurrencies has collapsed from over $2.5 trillion in mid-May to below $1.5 trillion this morning as losses re-accelerate overnight.
In this article: BITCOMP
Nasdaq 100 Forecast: Market Recovers Midday
Article By:
Christopher Lewis
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Tuesday, June 8, 2021 10:31 AM EDT
The Nasdaq 100 pulled back a bit during the trading session on Monday but then turned around to show signs of strength again.
In this article: NDX
Gold Price Forecast: RSI Sell Signal Takes Shape Ahead Of US CPI
Article By:
David Song
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Tuesday, June 8, 2021 10:20 AM EDT
The price of gold extends the advance following the US Non-Farm Payrolls (NFP) report as longer-dated US Treasury yields remain under pressure.
In this article: GLD
'Reddit Rebels' Squeeze Shorts Higher As Treasury Yields Tumble To 3-Month Lows
Article By:
Tyler Durden
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Tuesday, June 8, 2021 10:10 AM EDT
Once again, market action is dominated by the so-called 'meme stocks' with heavily-shorted companies getting massively ripped higher this morning.
Are Oil Prices Headed Toward $100 A Barrel?
Podcast By:
WisdomTree
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Tuesday, June 8, 2021 10:03 AM EDT
A discussion on oil and the focus was on Erik’s bullish view on the commodity stemming from structural supply issues in the U.S. amid an improving demand outlook.
Brazil Boils
Article By:
Bespoke Investment Group
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Tuesday, June 8, 2021 9:47 AM EDT
It’s been a hot time for stocks in Brazil over the last several days. The country’s benchmark Ibovespa index broke out above its highs from early this year completing a cup and handle formation and hasn’t looked back since.
Enterprise Products Partners (EPD) – A High Yield Stock
Article By:
Dividend Power
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Tuesday, June 8, 2021 9:35 AM EDT
Enterprise Products Partners is one of the best midstream companies to pick from in today’s market. The company has an excellent starting dividend yield of 7.62%, and it is roughly 23% undervalued to its fair price of $29.41 per share.
In this article: EPD
What You Need To Know About Apple’s Announcements At WWDC21
Article By:
Shelly Palmer
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Tuesday, June 8, 2021 9:28 AM EDT
Apple yesterday kicked off WWDC by unveiling iOS 15, iPadOS 15, macOS Monterey, and much more. Here's what you need to know.
In this article: AAPL
Tuesday Talk: Plenty Of Action To Go Around
Article By:
TalkMarkets DailyTalk
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Tuesday, June 8, 2021 9:20 AM EDT
There is plenty of action to go around and the Fed's August junket to Jackson Hole is a good two months away. Yesterday the markets moved in opposite directions with the Dow down and the Nasdaq up.
US Dollar Index Price Analysis: Potential Consolidation Very Near-Term
Article By:
Pablo Piovano
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Tuesday, June 8, 2021 9:11 AM EDT
DXY failed to extend the recent bullish attempt beyond 90.60. The leg lower could re-test the May lows in the mid-89.00s.
In this article: UUP
U.S. Approves Biogen's Alzheimer's Drug
Article By:
Admiral Markets
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Tuesday, June 8, 2021 9:00 AM EDT
During yesterday's session, the US pharmaceutical company based in Massachusetts, Biogen, experienced a strong rebound in the stock market after the FDA approved the use of its Alzheimer's drug known as Aduhelm.
In this article: BIIB
Hungary: Reopening Brings No Relief For The Budget
Article By:
ING Economics
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Tuesday, June 8, 2021 8:50 AM EDT
Despite the reopening, the central budget posted a significant shortfall in May. Expenditures are mounting on a new set of measures to re-start the economy.