7 of the Best Robinhood Stocks to Buy in January

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors could consider these seven Robinhood stocks to buy for inspiration in their search for the next stock market champions of 2022. The post 7 of the Best Robinhood Stocks to Buy in January appeared first on InvestorPlace. More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First........»»

Category: topSource: investorplaceJan 14th, 2022

WallStreetBets users plan to publish a book of memes documenting the GameStop saga — and it already has $24,000 in backing on Kickstarter

The goal of the project is to "capture the moments in time when GameStop was all anyone was thinking about." WallStreetBets.REUTERS/Dado Ruvic/Illustration/File Photo WallStreetBets users plan to launch a meme book that documents last year's GameStop short squeeze. The goal of the project is to "capture the moments in time when GameStop was all anyone was thinking about." The project has raised $24,000 on Kickstarter, surpassing its funding goal of $20,000.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A book that compiles the most viral GameStop memes and posts from Reddit's WallStreetBets forum could be coming soon, as the frenzy that launched the meme stock revolution marks its one-year anniversary this month. WallStreetBets users calling themselves Diamond Hands History launched a Kickstarter fund to publish "Diamond Hands: The GME Archive." Donation tiers start at $1 ("Baby Ape") and continue to meme-related levels like $69 ("True Ape"), $420 ("Ape Chieftain"), and $10,000 ("Richer Than Your Wife's Boyfriend").  The creators set a fundraising goal of $20,000 for what they call the "epic book of GameStop" and have already surpassed it. There are currently 53 backers who have together staked over $24,000. The goal of the project, per its Kickstarter description, is to "capture the moments in time when GameStop was all anyone was thinking about." The creators call it the "first project of this kind in history," given the collaboration with and legal permission from thousands of social media users. They parsed through more than 10,000 posts as well as hundreds of thousands of comments for publication — all with consent from the original Reddit users."We decided to archive the most popular primary source documents related to the historic First and Second GameStop Squeezes," reads the project description. "We aim to archive the best WallStreetBets memes, posts, and comments about GameStop into a single book."The Kickstarter page does note that the book puts the creators in potential legal jeopardy due to the images contained in the memes and copyright issues. A teaser of the project features photos of a GameStop billboard in Times Square, lists of quotes from social media, and a green-and-gold hardcover book sample.The "Diamond Hands" book comes a year after Reddit day traders used the platform to upend the stock market and send GameStop surging. Experts saw the unconventional rally as a sign that the institutions were "losing some control."While shares of GameStop and other meme stocks have come off their highs, Wall Street is still keeping tabs on retail traders. Professional investors and trading desks at top banks like UBS have been monitoring the activities across social media and forums like WallStreetBets, which currently has over 11.5 million members.Read the original article on Business Insider.....»»

Category: topSource: businessinsider20 hr. 16 min. ago

Here are 2 charts that explain why the stock market meltdown and bitcoin"s slump are correlated — and that crypto is not a safe-haven asset like gold

"The correlation between bitcoin and high-growth benchmark ARKK still stands at ~60% year-to-date," Fairlead's Katie Stockton said in a Friday note. Drew Angerer/Getty ImagesBitcoin's past performance suggests the asset class is less like gold and more like stocks.In prior stock market corrections, bitcoin plummeted while gold served as an effective hedge."The correlation between bitcoin and high-growth benchmark ARKK still stands at ~60% year-to-date," Fairlead's Katie Stockton said in a Friday note.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.While bitcoin is often described as an alternative to gold, its historical price action suggests it's more closely related to stocks.Investors have flocked to the cryptocurrency sector with the objective of gaining exposure to returns that are uncorrelated to traditional asset classes like stocks, bonds, and precious metals, as well as hedging against rising inflation.But two charts depicting relative performance amid recent stock market corrections illustrate that bitcoin is more positively correlated to equities than some might think.The first one shows that when stocks fell nearly 20% in the fourth quarter of 2018, bitcoin fell as much as 50%, while gold traded up nearly 8%. The market volatility was sparked by a hawkish Federal Reserve and concerns of slowing economic growth due to trade tariffs. KoyfinThe second one fast forwards to the onset of the COVID-19 pandemic in early 2020, when bitcoin again fell almost 50% while stocks fell as much as 34%. Amid the risk-off carnage, gold traded flat, once again proving its standing as a safe-haven asset.KoyfinToday, amid a nearly 7% decline in the S&P 500 since the start of 2022, bitcoin is down 17% while gold is flat. The data is clear that for now, bitcoin is less of a hedge against inflation, and is instead a volatile risk-on asset that does well when stocks do well, and vice versa.Technical analyst Katie Stockton of Fairlead Strategies highlighted this fact in a note on Friday."The correlation between bitcoin and high-growth benchmark ARKK still stands at ~60% year-to-date, versus ~14% for the price of gold, reminding us to categorize bitcoin and altcoins as risk assets rather than safe havens," she said. One reason gold acts as a reliable safe haven amid market turmoil is that it has a history spanning thousands of years of holding some form of value. Meanwhile, bitcoin just celebrated its 13th birthday.When it comes to evidence-based investing, investors value more data than less, and gold has the data to back up its standing as a safe-haven asset, whereas bitcoin does not. Read the original article on Business Insider.....»»

Category: topSource: businessinsider20 hr. 16 min. ago

Bitcoin price falls below $37,000 in tandem with tech selloff

It is becoming a more common occurrence: When stocks fall, so does bitcoin......»»

Category: marketSource: foxnewsJan 23rd, 2022

Here Comes The Pivot: JPM Sees Sharp Slowdown In US Economy, "No Further Hawkish Developments From The Fed"

Here Comes The Pivot: JPM Sees Sharp Slowdown In US Economy, "No Further Hawkish Developments From The Fed" For much of the past month we have been warning that as the broader investing public has been fascinated by the mounting speculation that the Fed will hike 4 times (or even "six or seven" times, thank you Jamie Dimon) and commence shrinking its balance sheet, the US economy had quietly hit a major air pocket  and - whether due to Omicron or because the vast majority of US consumers are once again tapped out (see more below) - US GDP growth is now rapidly collapsing and may turn negative as soon as this or next quarter as the US economy contracts for the first time since the covid shutdowns in Q1/Q2 2020. 10Y yield LOD 1.82128% as market realizes that Fed is hiking "six or seven times" into a deep slowdown — zerohedge (@zerohedge) January 20, 2022 Throw in the lack of a new Biden stimulus (BBB is dead as a doornail, courtesy of Manchin), and soaring gas prices (Goldman, Morgan Stanley and Bank of America all see Brent hitting triple digits in the near term, while a Russia-Ukraine war would send oil to $150 and crash the global economy), and we are willing to go on the record that a recession before the November midterms is virtually assured. But while this is obviously a wildly contrarian view for now, especially with the labor market still supposedly helplessly backlogged with a near record number of job openings coupled with still soaring inflation, others are starting to notice... Tightening into a slowdown… Déjà vu? — Julien Bittel, CFA (@BittelJulien) January 22, 2022 ... and so is the bond market, which traditionally is the first to sniff out major market inflection points, and which after surging to multi-year highs earlier this week, yields have suddenly slumped. Nowhere is it clearer what is coming than in the ongoing collapse in the yield curve which at the fulcrum 5s30s, is just 30bps away from where the Fed was when it ended its tightening cycle in 2018. So it was with some surprise that we were reading the latest big bank weekly reports where precisely this slowdown is being increasingly flagged. Consider the following from JPMorgan's latest Fixed Income Strategy note by Jay Barry (available to professional subs), who writes that JPMorgan's Economic Activity Surprise Index (EASI) "has swung sharply into negative territory in recent weeks, indicating data have underperformed relative to consensus expectations." This was punctuated by the December retail sales data, as the important control group fell 3.1% over the month (consensus: 0.0%). The weakness in data, JPM explains for the benefit of the Fed which in hopes of recovering its "credibility" after destroying it in 2021 when it said inflation was transitory and is now scrambling to fix its error is now willing to crash the market just to reduce aggregate demand, "indicates consumption should moderate in 1Q22." And since consumption accounts for 70% of US GDP, guess what that does to overall US growth? Or don't guess and read what JPM now expects: "we forecast growth decelerated from a 7.0% q/q saar in 4Q21 to a trend like 1.5% in 1Q22." It's not just retail sales, however, or that recent Empire Fed Manufacturing Survey, which just suffered its 3rd biggest monthly drop in history (with only March and April 2020 worse)... ... more locally, initial claims surged 55k to 286k in the week ending January 15, their third straight increase and the highest weekly reading since October. And while the seasonal volatility in claims around the new year could be amplifying the rise, this was the survey week for the January employment report and presages a much weaker payroll growth this month. In fact, as we discussed in our December jobs report commentary, it is now likely that January payrolls will be negative. Of course, one can blame the Omicron spike in December for much of this slowdown, and many do - especially those who confused the surge in inflation in 2021 as a "transitory" phenomenon - and are now using covid as a smokescreen to argue that the current slowdown is transitory, but the reality is that there is much more to the current sharp slowdown, and Bank of America's  Michael Hartnett put it best on Friday when he said that the "End of Pandemic = US Consumer Recession" (more here). Here is the punchline of what the BofA CIO said: "retail sales 22% above pre-COVID levels... ...payrolls up 18mn from lows, inflation annualizing 9%, real earnings falling a recessionary 2.4%, stimulus payments to US households evaporating from $2.8tn in 21 to $660bn in 2022, with no buffer from excess US savings (savings rate = 6.9%, lower than 7.7% in 2019 & and the rich hoard the savings), and record $40bn MoM jump in borrowing in Nov'21... ... "shows US consumer now starting to feel the pinch." Alongside the realization that an exit from covid means the US is entering a consumer recession, comes Hartnett's admission that any Fed hiking cycle will be short (it not sweet) and will be followed by easing as soon as 2023!.  Indeed, according to Hartnett, while the broader economy certainly needs more hikes to contain inflation, it will take far fewer rate hikes to crash markets, because "when stocks, credit & housing markets have been conditioned for indefinite continuation of "Lowest Rates in 5000 Years" might only take a couple of rate hikes to cause an event (own volatility)". And since Wall Street always leads Main Street (sorry peasants), it is Hartnett's view that the current "rates shock" is grounds for an imminent "recession fear", and as noted above, the Fed hiking into a slowdown guarantees not only an economic a recession but also a market crisis. The only question at this point is when will the Fed realize that it can't possibly hike rates enough to offset the surge in inflation which incidentally is not demand driven, but is due to continued supply constraints, over which the Fed has no power! Which is why JPMorgan's economists go on a limb and perhaps seeking to assure markets, write that "next week’s FOMC meeting will not present the case for further hawkish developments".... and "is only likely to ratify expectations next week and not surprise market participants with another hawkish pivot." Putting it all together is Goldman Sachs, which agrees with JPMorgan that there will be no hawkish surprises from the Fed, and wrote on Friday that if anything, the Fed will be more dovish than expected, and as such Goldman sees "the conditions in place for a large cover rally into and around the FED next week and when month-end new capital comes back into the equity markets, with corporates dry powder." Of course, there is always the risk that Joe Biden, now beyond dazed and confused and terrified of the upcoming Democratic implosion after the Nov midterms... ... does not realize how devastating a market crash will be for the US economy where financial assets are now 6.3x greater than GDP... ... and will order Powell to keep hiking and tightening just to break inflation's back (as discussed above, and as Blackrock also noted recently, the Fed is completely powerless to halt supply-driven inflation), even if it means the destruction of the entire wealth effect that the Fed spent the past 13 years trying to create. In that case, all bets are off. Tyler Durden Sat, 01/22/2022 - 17:00.....»»

Category: smallbizSource: nytJan 22nd, 2022

Seeing Red: Is The Heydey Of Pandemic Stocks Over?

Seeing Red: Is The Heydey Of Pandemic Stocks Over? The stock market, and the stocks that flourished during the COVID-19 pandemic in particular, are off to a rough start in 2022. As Visual Capitalist's Jenna Ross points out, if you’ve been watching your investment accounts, chances are you’ve been seeing a lot of red. Shaken by the uncertainty of a pandemic recovery and future interest rate hikes, investors have been selling off their stocks. This market selloff—which occurs when investors sell a large volume of securities in a short period of time, leading to a rapid decline in price—has investors concerned. In fact, search interest for the term “selloff” recently reached peak interest of 100. Which stocks were the hardest hit, and how much are their prices down so far this year? The Lackluster Returns of Pandemic Stocks Pandemic stocks and tech-centric companies have suffered the most. Here’s a closer look at the year-to-date price returns for select stocks. Netflix fueled the selloff after it reported disappointing subscriber growth. The company added 8.28 million subscribers in the fourth quarter, which is less than the 8.5 million it added in the fourth quarter of 2020. It also projects to have slower year-over-year subscriber growth in the near term, citing competition from other streaming companies. Meanwhile, Coinbase stock lost nearly a quarter of its value so far this year. As the price of cryptocurrencies such as Bitcoin have plummeted, investors worry Coinbase will see lower trading volume and therefore lower fees. The contagion also spread to other pandemic stocks, such as Zoom and DocuSign, as investors began to doubt the staying power of stay-at-home stocks. Following the Herd While investor exuberance drove many of these stocks up last year, 2022 is beginning to paint a different picture. Investors are worried that rising rates will negatively impact high-growth stocks, because it means it’s more expensive to borrow money. Not only that, but they also may see Netflix’s growth as harbinger of things to come for other pandemic stocks. The psychology of the market cycle also plays a role—amid these fears, investors have adopted a herd mentality and begun selling their shares in droves. Tyler Durden Sat, 01/22/2022 - 18:00.....»»

Category: smallbizSource: nytJan 22nd, 2022

Market Extra: Is the market crashing? No. Here’s what’s happening to stocks, bonds as the Fed aims to end the days of easy money, analysts say

Americans are wondering what's amiss with Wall Street after steep declines in stocks and a surge in bond yields in recent weeks. Here's how to think about it......»»

Category: topSource: marketwatchJan 22nd, 2022

Bitcoin price falls sharply amid Wall Street sell-off, with value cut in half since November

Investors are fleeing riskier assets from tech stocks to cryptocurrencies as the Federal Reserve weighs whether to launch a U.S. digital currency......»»

Category: topSource: washpostJan 22nd, 2022

Crypto: Bitcoin slumps with stocks and is now down 50% from all time high

Bitcoin prices slumped further Saturday to levels not seen since last August, as a selloff of riskier assets like stocks spread to cryptocurrencies. Bitcoin has now shed more than 50% from its record high in November......»»

Category: topSource: marketwatchJan 22nd, 2022

Benzinga Bulls And Bears Of The Past Week: ViacomCBS, Ford, Meta, Netflix, Microsoft, Tesla And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. read more.....»»

Category: blogSource: benzingaJan 22nd, 2022

Bitcoin price falls sharply amid Wall Street selloff, with value cut in half since November

Investors are fleeing riskier assets from tech stocks to cryptocurrencies as the Federal Reserve weighs whether to launch a U.S. digital currency......»»

Category: topSource: washpostJan 22nd, 2022

Rickards: Bad News, I"m Afraid

Rickards: Bad News, I'm Afraid Authored by James Rickards via, The breakdown of global supply chains is well-known by now. Whether it’s finding groceries in your supermarket, buying a new car or buying appliances like dishwashers and refrigerators, goods are scarce. Also, deliveries take forever and choices are limited. Many people wonder why the problem isn’t going away. Here’s the answer: The supply chain is a complex dynamic system. When any complex system collapses, you can look for specific causes but that’s usually a waste of time. Systems collapse internally because they are too large and too interconnected and require too many energy inputs to keep going. Any specific cause is more likely to be a symptom than a true cause. It’s frustrating, but that’s the answer. Most Americans’ first encounter with the supply chain meltdown was in the spring of 2020 during the first wave of the coronavirus pandemic. Shoppers noticed that items like hand sanitizer and paper goods at Costco and other big-box stores were cleaned out. It seemed that Americans who were locked down and quarantined at the time were hoarding these products because they had no idea when they would be allowed to venture out again. The shortages were real, but were limited to specific products. The other aisles at Costco were stocked and so were all the other stores around (at least those that were allowed to remain open). Now It’s Everything But it’s not just Costco this time. It’s every supermarket, convenience store and other retail outlet from coast to coast. And it’s not just cleaning products and paper goods. Your local supermarket might have bare shelves for eggs, peanut butter, milk and other staples. It’s not a case of being stocked out of all goods all the time. Your store is like a box of Cracker Jack – you never know what’s inside. Many items are available, but many are not. It’s a case of stockouts of certain goods from time to time. But you can be sure that something will be missing and some of the shelves will be bare. Still, there’s a narrative around that the crisis is temporary, that steps are being taken to alleviate shortages and backlogs and things will soon be back to normal. The narrative blames the shortages on the pandemic and the number of workers home with COVID. It says that things will clear up when the virus is under control. That’s the narrative, but it’s not the reality. The evidence is that the supply chain crisis is just getting started. It’ll be with us for years and have huge negative economic effects. All Connected and All Collapsing at Once No one doubts that the pandemic, especially the Omicron variant, has had a major impact and has caused millions to fall ill and miss work. It’s also likely that the missing employees due to illness are part of the reason shelves are not fully stocked. But they are not a prime cause of the supply chain chaos. Even if stores were fully staffed, there would still be shortages and delays due to everything from a shortage of truck drivers, late container cargo shipments from Asia, manufacturing delays due to lack of inputs, energy shortages and many other impediments. That’s the point. The supply chain is collapsing at every stage due to bottlenecks at every other stage. Commodity inputs are scarce, partly due to energy shortages at mines. Manufacturing is behind due to lack of commodity inputs. Deliveries are behind due to manufacturing delays. And finally, shelves are bare due to nondelivery of orders and a worker shortage. It’s all connected and it’s all collapsing at once. So don’t believe the happy talk about a “temporary” supply chain crisis. I’ll say it again: The crisis will last for years with predictable negative effects on economic growth. The “Factory to the World” Is Closing Down One major concern is China. China is currently pursuing a COVID Zero policy. This means that China has zero tolerance for even a single case of COVID. If COVID appears, China will isolate the individual, do a massive track-and-trace operation and then forcibly remove entire neighborhoods to quarantine camps outside the city limits for mandatory lockdowns of 14 days or more. If more than a few cases are detected, China will follow the same procedure but on a much larger scale. They will relocate hundreds of thousands of people if needed and shut down entire cities. This has already happened in Xi’an, a city of 1.5 million people and a major manufacturing center. A new lockdown just arose in Henan province, which is the center of Chinese electronics production. China has also locked down the port of Ningbo, which is the second largest port in China after Shanghai, and one of the largest in the world. China has also required that crews on arriving vessels must be confined to the vessel and are not allowed onshore for normal rest and recreation. Since these crews often spend six months or more at sea, vessel operators are starting to schedule trips that avoid China. That means that even when goods are produced, they cannot necessarily be shipped because of a shortage of vessels and crews. The situation is getting worse, not better, and will deteriorate even more as we move toward the Beijing Olympics and the Lunar New Year holidays in China. In effect, the “factory to the world” has decided to shut down the factory, or at least large parts of it for months to come. This will continue to impact the U.S., which Americans are not accustomed to or prepared for. Forced Labor Americans associate bare shelves with Third World countries or perhaps East Germany during the Cold War. That last time Americans have had to deal with shortages on this scale were the gas crises of the 1970s and rationing during World War II. Importantly, the phenomenon is not limited to the United States – it’s a global event. And it’s leading to extreme government measures. Take a look at Australia. As in the U.S., Australia has large numbers of unemployed workers. They receive benefit payments similar to welfare and unemployment from an agency called Centrelink. Well, the government has now declared that unemployed benefit recipients must work several hours per week to restock supermarket shelves in order to keep their Centrelink benefits. So, social benefits are being used to draft forced labor to deal with a supply chain problem. Australia has become a kind of prison camp based on government dictates concerning the virus. It’s a good example of how COVID has empowered governments to dictate every aspect of citizens’ lives. This won’t be the last government mandate in Australia or here. And there’s a powerful lesson to be learned here: Once governments get a taste of neo-fascism, they always want more. That’s true even in a liberal democracy like Australia. We’re seeing similar phenomena play out in western European democracies as well. A Race Against Time The other thing we can be sure of is that these mandates will slow the economy and destroy wealth. The bad news for investors, again, is that this situation will persist for years. It’s not easy to correct and definitely not something that can be corrected quickly. In markets, this will play out as higher costs, lower earnings and ultimately lower stock prices. With markets still close to all-time highs, this could be a good time to lighten up on stocks before the supply chain reality catches up with the stock market bubble. When it does, it won’t be pretty. Tyler Durden Sat, 01/22/2022 - 12:30.....»»

Category: dealsSource: nytJan 22nd, 2022

Fear And Panic As Bitcoin Crashes 50% From All Time High

Fear And Panic As Bitcoin Crashes 50% From All Time High Just two months after cryptos hit an all time high amid widespread euphoria that the newly launched bitcoin ETF would lead to even more substantial upside, the two largest tokens have lost half of their value, with the broader crypto sector suffering more than $1 trillion in losses amid an accelerating liquidation panic that the Fed's tightening cycle will lead to another crypto winter.  Such is the volatility in the sector where, as Bloomberg put it overnight, there has been just one constant recently: "decline after decline after decline." Of course, for veteran hodlers, Bloomberg hyperbole seems trivial in a world where 80% drawdowns are the norm and the current drop may have a ways to go before it hits a bottom, before a new all time high is hit. Where Bloomberg is right however, is that superlatives for the latest carnage have been easy to come by: Friday’s decline led to the liquidation of more than $1.1 billion in crypto futures positions and overall more than $1 trillion in market value has been destroyed since the last peak. In other words, "the meltdown is pouring salt on an already-deep wound." After the latest furious puke that pushed Bitcoin RSI's indicator to the most oversold level since the covid crash in March of 2020... ... Bitcoin, which lost more than 12% on Friday, saw its price drop just above $34,000 with Ethereum sliding as low as $2,400, as the two largest digital assets now trade at a 50% discount from their all time highs and are back to levels last seen in late July, early August. Other digital currencies have suffered just as much, if not more, most meme coins mired in similar drawdowns. While the selling has been relentless for the past two months, it accelerated in the past three weeks, after the latest Fed minutes - published in early January - showed its intention to not only hike rates but to accelerate the unwind of its balance sheet, which has sent all "bubble baskets" plunging, with bitcoin getting hit especially hard amid the carnage. And while there have been much larger percentage drawdowns for both Bitcoin and the aggregate market, according to Bespoke,  this marks the second-largest ever decline in dollar terms for both. “It gives an idea of the scale of value destruction that percentage declines can mask,” wrote Bespoke analysts in a note. “Crypto is, of course, vulnerable to these sorts of selloffs given its naturally higher volatility historically, but given how large market caps have gotten, the volatility is worth thinking about both in raw dollar terms as well as in percentage terms.” Another fact that Bloomberg gets right, is that over the past year, cryptos have transformed from relatively uncorrelated assets providing diversification during market turbulence, into what is effectively a high beta stock. This is easily seen in the following chart showing the 60d correlation between cryptos and stocks. One can thank institutional adoption for that, because the same institutions that are now facing margin calls on their tech holdings, are also dumping cryptos to provide much needed liquidity. “Crypto is reacting to the same kind of dynamics that are weighing on risk-assets globally,” said Stephane Ouellette, chief executive and co-founder of institutional crypto-platform FRNT Financial. “Unfortunately for some of the mature projects like BTC, there is so much cross-correlation within the crypto asset class it’s almost a certainty that it falls, at least temporarily in a broader alt-coin valuation contraction.” Antoni Trenchev,, co-founder of Nexo, cites Bitcoin’s correlation to the tech-heavy Nasdaq 100, which right now is near the highest in a decade. “Bitcoin is being battered by a wave of risk-off sentiment. For further cues, keep an eye on traditional markets,” he said. “Fear and unease among investors is palpable.” According to  Art Hogan, chief market strategist at National Securities, it’s useful to think of cryptocurrencies as living in the same space as other speculative sectors, including special-purpose acquisition companies and electric-vehicle makers. “When we’re in an environment where all of those riskier assets are selling off, crypto is going to find itself doing the same,” Hogan said. “When the Nasdaq 100 or any of the other more-speculative, rapid-growth, momentum-type asset classes start to gain some traction, so will cryptocurrencies.” Unfortunately for Bitcoin longs, one place where the token's correlation is especially high is that to such market naplam as Cathie Wood’s sinking ARK Innovation ETF, a pandemic poster-child of speculative risk-taking. That correlation stands at around 60% year-to-date, versus about 14% for the price of gold, according to Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis. It’s “reminding us to categorize Bitcoin and altcoins as risk assets rather than safe havens,” she said. Perhaps unaware what "hodling" means, data from Coinglass shows that more than 342,000 traders had their positions closed over the past 24 hours, with liquidations totaling roughly $1.1 billion. “Digital-currency markets in total have been challenged this month,” said Jonathan Padilla, co-founder of Snickerdoodle Labs, a blockchain company focused on data privacy. “There’s definitely some pain there.” Though liquidations have spiked, the numbers are rather muted when compared to previous declines, according to Noelle Acheson, head of market insights at Genesis Global Trading. Acheson points out that Bitcoin’s one-week skew, which compares the cost of bearish options to bullish ones, spiked to almost 15% on Wednesday compared to an average of about 6% in the past seven days. “This flagged a jump in bearish sentiment, in line with overall market jitters given the current macro uncertainty,” she said. Amid the pain, some of bitcoin's most faithful are professing patience... HODLing #Bitcoin is painful. If you survive the journey, you will truly know what HODL means. — Dan Held (@danheld) January 21, 2022 ... while others are starting to wonder out loud at what point the battering might end. Famed crypto investor and (former?) billionaire Mike Novogratz mused on Twitter that “this will be a year where people realize being an investor is a difficult job.” 2600 $Eth would be the next support. Hoping and thinking it holds. Unfortunately Russel has like 14 percent more to go before it bottoms. Won’t be a straight line down. This will be a year where people realize being an investor is a difficult job. — Mike Novogratz (@novogratz) January 21, 2022 Unfortunately for Novogratz, 2600 did not hold and Eth is now trading below 2,400. Still, many point out that like on all previous occasions when cryptos crashed, they eventually rebounded to new all time highs. At some point, sellers will become exhausted and the market could see some capitulation soon, said Matt Maley, chief market strategist for Miller Tabak + Co. “When that happens, the institutions will come back in in a meaningful way,” he said. “Once the asset class becomes more washed-out, they’ll have a lot more confidence to come back in and buy them. They know that cryptos are not going away, so they’ll have to move back into them before long.” But it's not just central bank tightening fears and liquidation technicals that have depressed cryptos: one can also throw in a relentless news cycle, where just in recent days, regulators from Russia, the U.K., Singapore and Spain all announced interventions that could undermine crypto companies looking to grow in those regions. Meanwhile, the Biden administration is preparing to release an initial government-wide strategy for digital assets as soon as next month and task federal agencies with assessing the risks and opportunities that they pose, Bloomberg reported late on Friday. Testing the resilience and patience of the faithful, so far the sharp drop below the psychological level of $40,000 has failed to serve as an upward inflection point. Crypto proponents say heavy liquidations often serve to cut out the froth in easy-win asset speculation, helping to solidify new bottoms in the market. Ultimately, the real support will come from none other than the Fed, which will soon realize that it is hiking into a slowing economy... Tightening into a slowdown… Déjà vu? — Julien Bittel, CFA (@BittelJulien) January 22, 2022 ... and will be forced to be far more dovish during this week's FOMC meeting, a reversal which should serve to send risk assets sharply higher. “Fear and unease among investors is palpable,” Nexo's Trenchev,said. “If we see a bigger selloff in equities, expect the Fed to verbally intervene to calm nerves and that’s when Bitcoin and other cryptos will bounce.” In other words, the more the Fed tightens - or the more the Fed scares markets into believing it will tighten - the bigger the market selloff, and the worse the economic slowdown, until eventually Powell will be forced to ease, a key point brought up by  Bank of America CIO Michael Hartnett yesterday. Incidentally, it also means that the faster markets crash, the faster the Fed panics, and is forced to stabilize stocks because even if the new and improved Powell Put is well below previous levels, the Fed can't risk a market crash just to appease Biden's demands for an inflationary slowdown so Democrats aren't destroyed in the midterms. And incidentally, this weekend's ongoing selloff in cryptos means that while stocks are currently mercifully not trading, Monday should be another bloodbath, as Jim Bianco reminds us. The BTC/SPX correlation is "significant" Or as @jeffdorsman says, crypto is a 24/7 VIX. See the table, as of this writing, Crypto is down another 10% since Friday's NYSE Close. If this hold, no-coiners have about 36 more hours to gloat before it is their turn. — Jim Bianco biancoresearch.eth (@biancoresearch) January 22, 2022 One thing is certain: several more 2% drops in the Nasdaq, and Powell - who two years ago crossed the Fed's final rubicon and bought corporate bonds to halt a catastrophic collapse - will be making emergency phone calls to put an end to the carnage. As such, a continuation of the meltdown may just be the best thing that the bitcoin faithful can hope for. Tyler Durden Sat, 01/22/2022 - 13:04.....»»

Category: dealsSource: nytJan 22nd, 2022

Oil Traders Will "Break The Fed" And "Make Jerome Powell Cry Uncle"

Oil Traders Will "Break The Fed" And "Make Jerome Powell Cry Uncle" Submitted by QTR's Fringe Finance This is Part 2 of an interview with Harris Kupperman, founder of Praetorian Capital, a hedge fund focused on using macro trends to guide stock selection. Mr. Kupperman is also the chief adventurer at Adventures in Capitalism, a website that details his investments and travels. Part 1 of this interview will be found here. Harris is one of my favorite Twitter follows and I find his opinions - especially on macro and commodities - to be extremely resourceful. I’m certain my readers will find the same. I was excited to get the chance to ask him about anything I wanted, which I did last week. Q; What one sector of the equities market would you dive into now if you had to pick only one - and why? It’s not an equity, but if there was one asset to focus on, it would be long-dated OTM oil futures options. They’re the purest way to get long inflation and they’re mispriced compared to the potential upside. All sorts of right-tail assets seem mispriced, but the IV on oil futures options seem particularly mispriced as it is so cheap compared to the parabolic upside potential. In terms of equities themselves, I think offshore oil services are about to really inflect. With Brent at $86, demand for offshore production will come back in a major way. Especially because many Western governments are making it so painful to explore and produce oil domestically. As a result, the incremental supply will come from places that need the oil revenue—much of this will be offshore. Meanwhile, much of this offshore equipment trades at tiny fractions of replacement cost. At the top of the cycle, these companies often trade for a few times replacement cost. I think we’re about to a surprising move in the price of oil, and these equities are the fulcrum security in the oil sector—but since most have restructured in bankruptcy, they have clean balance sheets and minimal risk if I’m wrong and the sector doesn’t inflect. Oil is about to surprise people—offshore hasn’t moved yet. That’s where I’d be focusing my time, but buying the 2025, $100 strike oil call just seems like a more elegant way to play this with a lot less operational risk and a whole lot greater upside potential.   What's your broader view on markets in 2022? Will they stabilize? Full on crash? Rotation from growth to value? I think the market will have a lot of volatility, but sort of go nowhere. Instead, I expect a huge sector rotation from Ponzi and high-multiple growth to industrials and commodities. A lot of these “old economy” businesses trade at low single-digit multiples on cash flow and fractions of replacement cost. They’ve been ignored for years, they’ve cut costs, consolidated and not invested much in capacity. We’re at the part of the cycle where they finally earn huge returns. That’s where you want to be. Meanwhile, as the Fed raises rates and tightens liquidity, the high-multiple stuff will get bludgeoned. It’s amazing how many multi-billion market cap stocks are down 75% from the highs last year, yet they still seem ludicrously expensive. This will eventually get corrected and corrected with a lot more pain. What fiat currencies do you prefer to own, assuming you have to own one? And why? I think crypto has had its bubble. It now needs to consolidate. There’s far too much speculative interest for me. I sold out of my Bitcoin last spring for a 6x from where I bought it in 2020. Longer term, I’m quite partial to Monero and own a few. It’s what everyone thinks Bitcoin is, while Bitcoin is actually something VERY different. The privacy aspect, along with negligible transaction costs will make Monero viable. It’s out of consensus, but adoption continues to accelerate. During the coming wash-out in risk assets, I intend to pick up some more Monero. Is the Fed still firmly in control of the bond market. Is there any chance "bond vigilantes" take over at some point? Oil traders are the new bond vigilantes. They’ll be the ones that break the Fed and force JPOW to cry uncle. The Fed hasn’t lost control yet, but when oil breaks $100, they’ll go into panic mode. I worry that they’ll eventually crush everything with a CUSIP while trying to stop oil from going parabolic. Naturally, they’ll fail at this because they have little to do with the price of oil, but that won’t stop them from trying. What's one lesson you've learned in your investing career that you want to pass on and think is important in 2022? Leverage is dangerous. We’re entering a much more volatile period. I think the overall market will continue going much higher because they’ll keep stimulating, but there will be periods where they panic and stop stimulating. Equities can literally trade at any price. Make sure that on these sharp and steep pullbacks, you aren’t the one forced to sell at the lows. Instead, you want to be the one who buys when others get margin calls. Play with less leverage, keep extra liquidity and expect that there will be huge opportunities coming up. What's your outlook on how the world thinks about Covid in the coming year? Covid is a bad cold that has evolved into a mental disorder. You really need to separate the two. Left alone, Covid the virus will evolve to be less dangerous to humans. Unfortunately, governments like to tinker and convince voters that they’re doing something useful. Vaccinating a huge percentage of the population, with multiple boosters, is likely to change how the virus would naturally evolve. We’re already seeing this with Omicron. The triple vax’d are more susceptible than the double vax’d, and the unvax’d are almost immune to it. This is an adjusted evolutionary path and governments should be terrified of the data. This is a warning that is getting ignored. Most scientists have always known that vaccinating against a coronavirus is a mistake—it’s the reason that they don’t vaccinate livestock against coronaviruses. They’ve already tried that and know it doesn’t work, with the added risk that the virus can evolve to be more dangerous. What we should have done is gone for herd immunity, protected the at-risk, and gotten on with life. Unfortunately, Covid has evolved into this mental disorder where people walk around with cloth diapers on their faces and scrub their hands with alcohol all day. There’s this whole neurosis to it, with people lecturing others on if they’re going through the motions correctly. Governments have been quick to realize that a large portion of the population is mentally unstable and easily manipulated. They’ve prayed upon this to gain power and tell these people that their mental disorder is now normal. Eventually, most people will get bored of role-playing “pandemic,” and they’ll push back against government-created inconveniences. We’ll return to sanity, while a lunatic fringe will continue with their new neuroses. I finally believe we’re now past peak-stupid, but I’ve thought that a few times and then governments have once again tried to flex their powers and scare people into acting insane. Fortunately, people are starting to wake up to all of this. In another few quarters, Covid, the mental disorder, will hopefully mostly be over with—though we’ll have the residual question about long-term health risks from these experimental mRNA vaccines—which is still quite a wild-card. You have to remember that governments are just a collection of politicians trying to guess which way the mob is trending. As the mob adjusts, the smarter politicians will follow the voters and hopefully this thing ends. Here in Florida, no one has worn a mask in 18-months, yet you have these tourists with 2 masks on at the beach. It’s quite hilarious. But then after a few days in Florida, they attune culturally and no longer fear germs as much. This process will happen everywhere as people realize that this is all just a bad cold. They’ll see others going on with their lives without dying. People will adjust and the more astute politicians will try to stay in front of this trend. Until then, we just have to wait it out and watch this crazy psychological experiment unfold... Part 1 of this interview can be found here.  Now read: Capitalism And Common Sense Will End Vaccine Mandates In 2022 Oil Is Now "Out Of OPEC's Hands" And Is "Going Higher" Short The Whole F*cking Vaccine Thing -- ZeroHedge readers always get 20% off a subscription to my blog using this link: GET 20% OFF FOR LIFE DISCLAIMER:  All content is Harris Kupperman’s opinion. I own physical silver, GLD, GDX, GDXJ, PAAS, PSLV and a number of other metals/miners/gold/silver equities as well as numerous companies with exposure to oil and uranium. Readers should assume Harris also has positions in all trends/equities/etc. mentioned in this interview - as do I. We will likely stand to benefit if prices of commodities rise and/or our prognostications come true. None of this is a solicitation to buy or sell securities. It is only a look into personal opinions and personal portfolios. Positions can change immediately as soon as I publish this, with or without notice. These are not the opinions of any of my employers, partners, or associates. I get shit wrong a lot. I’m not a financial advisor, I hold no licenses or registrations and am not qualified to give advice on anything, let alone finance or medicine. Talk to your doctor, talk to your financial advisor or your therapist. You are on your own. Do not make decisions based on my blog. I exist on the fringe. Tyler Durden Sat, 01/22/2022 - 13:30.....»»

Category: dealsSource: nytJan 22nd, 2022

Top 5 Dividend Increases of 2021

In this article, we discuss the top 5 dividend increases of 2021. If you want our detailed analysis of dividend investing and these stocks, go directly to Top 10 Dividend Increases of 2021.  5. Morgan Stanley (NYSE:MS) Dividend Yield as of January 20: 2.80% Dividend Increase in 2021: 100% Number of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]].....»»

Category: topSource: insidermonkeyJan 22nd, 2022

Top 10 Dividend Increases of 2021

In this article, we discuss the top 10 dividend increases of 2021. If you want to skip our detailed analysis of dividend investing and these stocks, go directly to Top 5 Dividend Increases of 2021.  As the economy rebounded from the COVID-19 pressures in 2021, companies experienced a strong cash... [[ This is a content summary only. Visit my website for full links, other content, and more! ]].....»»

Category: topSource: insidermonkeyJan 22nd, 2022

Bitcoin Has Lost Half Its Value Since Hitting Record High

Bitcoin’s decline from its peak has wiped out more than $600 billion in market value Bitcoin extended its decline on Saturday, and has shed more than 50% from its record high in November while adding further momentum to the meltdown in cryptocurrencies. “Margin positions being liquidated caused a wave of additional sell pressure, as assets that had been held as collateral were forcibly sold to pay for margin loans,” said Hayden Hughes, chief executive officer at Alpha Impact in Singapore. Bitcoin’s decline from its peak has wiped out more than $600 billion in market value, and over $1 trillion has been lost from the aggregate crypto market. While there have been much larger percentage drawdowns for both Bitcoin and the aggregate market, this marks the second-largest ever decline in dollar terms for both, according to Bespoke Investment Group. Bitcoin fell as low as $34,042.78 Saturday, a drop of 7.2%, before paring most of those losses. Other digital assets also slid, with Ethereum down 12%. Solana and Cardano each fell at least 17%, according to Coinbase. “I would expect it to take some time for a bottom to form and for confidence to return, before expecting any sort of bullishness,” Hughes said. With the Federal Reserve’s intentions on reining in inflation rocking both cryptocurrencies and stocks, a dominant theme has emerged in the digital-asset space: cryptos have moved in the same way as equities and many other risk assets. And the case for further caution was reinforced on Friday. Bloomberg News reported that the Biden administration is preparing to release an initial government-wide strategy for digital assets as soon as next month and will ask federal agencies to assessing the risks and opportunities they pose. –With assistance from Andrew Davis......»»

Category: topSource: timeJan 22nd, 2022

Despite the Focus on Netflix, Ecolab Drags Materials into the Bottom Performers

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. (Friday Market Close) After Thursday’s close, Netflix (NFLX) announced better-than-expected earnings but projected major slowdowns in subscription growth. The stock immediately fell in after-hours trading, which translated into the next day. NFLX fell more than $100 per share and closed 21.79% lower on the day. The announcement was felt throughout the Nasdaq Composite ($COMP), which fell 2.72% and broke another level of support. The index has fallen further into correction territory and is now 13% off its all-time high. The Nasdaq’s next major level of support is about 13,000. If the index falls that far, it would near bear market territory because it would be down 20% from all-time highs. Of course, the Nasdaq wasn’t the only index to fall on the news. The S&P 500 (SPX) dropped 0.75% with materials, consumer discretionary, and financials leading the way to the downside. Ecolab (ECL) was the worst-performing stock in the materials sector of the S&P 500, falling 8.48%. ECL is a world leader in water, hygiene, and disincentive products. It announced a 12% price increase globally. The price increase could hurt the company’s sales, which is probably driving the stock lower. Major influencers to the S&P 500 and Nasdaq include stocks like Amazon (AMZN), which was down 5.95%, Apple (AAPL), which fell 1.28%, Microsoft (MSFT), which traded 1.85% lower, Meta (FB), which dropped 4.23%, and Alphabet (GOOGL), which closed 2.22% lower on the day. AMZN and FB are down more than 20% from their 52-week highs. AAPL, MSFT, and GOOGL aren’t down as much but still 10% to 13% lower from their highs. These stocks along with Netflix, which is down more than 40% from ...Full story available on»»

Category: earningsSource: benzingaJan 22nd, 2022

Deep Dive: This sector of the S&P 500 is expected to show the fastest sales and dividend growth in 2022 and 2023

Some stocks have been hit hard this year from the fear of rising interest rates, but Wall Street expects plenty of growth ahead for certain market sectors......»»

Category: topSource: marketwatchJan 22nd, 2022

Here"s why experts say the crypto market will be just fine despite a possible Russian ban on everything from mining to trading

"There are bigger concerns right now in crypto," Chris Vecchio of DailyFX, said, citing a hawkish Fed, interest rate hikes, and rising inflation. A server room of the BitRiver data center, one of the largest Russian cryptocurrency mining companies.Alexander RyuminbackslashTASS via Getty Images When the central bank of Russia proposed a sweeping ban Thursday on crypto activity, digital assets barely skipped a beat.  Bitcoin even rose around 5% at one point during New York trading hours.  "There are bigger concerns right now in crypto right now," Chris Vecchio of DailyFX told Insider. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. When the central bank of Russia proposed a sweeping ban on cryptocurrency activity on Thursday, digital assets barely skipped a beat. Bitcoin even rose around 5% at one point during New York trading hours. "There are bigger concerns right now in crypto," Chris Vecchio, senior strategist at foreign exchange firm DailyFX, told Insider. "What's happening is much more closely tied to global stimulus conditions and central banks pulling back their pandemic era efforts. That, to me, is the prevailing story here."The news out of Moscow came amid a rout in US equities as investors continued to fret about a hawkish Federal Reserve and high inflation. Vecchio said bitcoin's movement was divorced from Russia, highlighting how the crypto market over the past several months has been moving in conjunction with US equities, particularly high-growth, low-profit tech stocks. That dynamic was on display Friday, when bitcoin plunged as much as 10% to a six-month low below $38,000 as investors continued to sell crypto and speculative technology stocks in anticipation of the Fed hiking benchmark rates later this year. In explaining bitcoin's muted reaction to the threat from Russia, some experts also pointed to China's aggressive crackdown against crypto last year that prompted a massive selloff across tokens. "Who cares?" Alex Lemberg, CEO of Nimbus, a decentralized financial platform, told Insider. "When the biggest guy in the classroom punches you in the face, you're not really worried about the smaller guys." It was China's ban that truly stunned the industry, he said. The Asian superpower, after all, was the world's biggest bitcoin mining nation at the time, according to data from the Cambridge Centre for Alternative Finance. (Russia, in contrast, only ranks as third.)But following Beijing's pronouncement, miners quickly migrated to the US, which is now the world's top mining nation with a third of the global hash rate. China's global hash rate, meanwhile, plunged to zero from 44% in that time. Hash rate is a key measure of how much computing power is required to support the network and to create bitcoin. "I think Russia banning crypto is not a big deal in the long term, as other countries, who are more accepting of digital assets, will benefit from Russia's move," Marcus Sotiriou, analyst at digital asset broker GlobalBlock, told Insider. "Miners will potentially relocate if they have to, so this ultimately means that miners in welcoming jurisdictions will profit."The bitcoin hash rate on Friday hit an all-time high, suggesting a full recovery from the China crackdown. And should Russia implement its own ban, the network is expected to stage a similar rebound. Russia on Thursday published a report that warned the speculative nature of digital assets has led to a bubble. The central bank proposed three amendments to the nation's existing regulations: ban crypto as a means of payment for goods, ban the organization and issuance of crypto, and ban financial institutions from investing in crypto."These are suggestions to lawmakers and not tied to any tangible outcome, and the market has learned how to read these statements in terms of real-world impact, rather than panicking," John Wu, president of Ava Labs, the team behind the altcoin avalanche, told Insider. "The blockchain ecosystem continues to show its maturation compared to years past, when these statements had a significant impact."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 22nd, 2022

Investors trying to navigate tech volatility should focus on the "ABCs" - AI, big data, and cybersecurity, says UBS

Investors should consider rebalancing their portfolios to avoid overexposure to mega-caps, advised UBS Global Wealth Management. Morsa Images/Getty Images Tech volatility should prompt investors to focus on the ABCs of the sector - AI, big data and cybersecurity stocks, says UBS.  Those themes within tech offer high-potential, long-term growth, said the global wealth manager. The Nasdaq Composite has dropped into a correction, down more than 10% from its all-time high.   Investors should adopt a "thematic approach" to investing in the technology sector in the face of sharp volatility that's left the Nasdaq Composite in a correction as shares of behemoths such as Apple and Microsoft have been battered, UBS Global Wealth Management advised clients on Friday. Investors are asking whether it's time to buy into the group in the face of the Nasdaq Composite's tumble, said UBS. The index through Thursday has lost 12.7% from its all-time intraday high of 16,212.23 on November 22. A correction is considered a loss of 10% or more from a recent high. Tech stocks have been stung in part from a surge in Treasury yields on expectations of a fast pace of interest-rate hikes by the Federal Reserve this year. The Nasdaq sold off during Friday's session and among big names on the index, Apple this year has dropped about 8% and Microsoft has declined by roughly 11%. The moves follow big gains in 2021 when Apple charged up about 35% and Microsoft soared 52%. "Instead of relying on another period of mega-cap outperformance, investors should take a thematic approach, including foundational technologies such as AI, big data, and cybersecurity—the ABCs of tech," Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. Investors would serve themselves well to seek the "high potential long-term growth" from AI, big data, and cybersecurity stocks and to rebalance their portfolios to avoid overexposure to mega-caps, he said. Haefele noted the PHLX Semiconductor Sector index dropped by more than 10% this week despite "mounting tailwinds" from the potential passage of a $52 billion bill in Congress aimed at increasing chip supplies, Intel's plan to spend at least $20 billion to build a manufacturing facility in Ohio, and "strong" next-gen lithography sales for ASML. "Alongside semi equipment makers, we like select chip foundries, with the largest players poised to enjoy a structural uplift in demand, widening margins, and low double-digit revenue gains over the next few years," he said. UBS also highlighted the potential for growth in the electric vehicle market with the expected entrance of more companies. Sony executives told Reuters it will likely add new technology partners to its EV project, and UBS said Apple is widely expected to enter the EV market in the near future. The wealth management group sees smart mobility growing into a $450 billion market by 2025, or three to four times its current size. "The path to smart mobility will be enabled by a raft of tech innovators, including advanced chip and sensor makers, camera leaders, AI and cloud providers, and next-gen EV battery makers. We like select names across the global EV supply chain, as well as select global automakers with EV exposure," wrote Haefele.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 22nd, 2022