Category: News Wire

Wall Street’s Inflation Fetish It’s Wednesday, my dudes! We are halfway through the trading week, with very little from Wall Street to show for it. In fact, the S&P 500, the Dow and the Nasdaq have all gone basically nowhere since the beginning of May. If you ask around among the talking heads on Wall Street, the reason they’ll give you for stagnating stock market growth is inflation. You know … that thing that makes things more expensive? You mean a lack of supply and a glut of demand? No, silly. That would make too much sense after coming out[…]

Incomparable Bloomberg columnist Matt Levine has a theory called the “Boredom Markets Hypothesis.” It says people will buy stocks when buying stocks is more fun than other fun things. That, Levine says, accounts for the huge burst of retail trading during the height of the COVID-19 lockdowns, when there was little else to do. OK. At the Bauman Letter, we buy stocks to make money. We’d like it to be fun, but that’s not our priority. This is not a Reddit chatroom, after all. But Levine’s idea got me thinking about when and how we make money from stocks …[…]

Paul took to Twitter with a vital message: Our time cometh! Listen. Stocks will never rise or fall in a straight line. That’s so important, we want to say it again. Stocks will NEVER rise or fall in a straight line. BUT your Strong Hands will prevail and that’s how you make the big gains in the stock market. some of you may think that the markets offer stress free returns, or 100% guaranteed results. maybe our marketing makes you believe that. sorry. it’s untrue. the markets swing. they overshoot, they undershoot. still long term, it’s a solid way to[…]

All We Have Is Data In The Wind Welcome to Fed Fridays, Great Ones! Where digital currencies are made up, and the basic appeals of blockchain don’t matter! We’re going to keep things snappy today for … reasons. But we do need to talk about the Fed’s flirtation with digital currencies. And as far as the Fed is concerned, we’re just talking about digital currencies today … not cryptocurrencies exactly. The Fed made that painfully clear yesterday when it announced that it’s still dabbling with the idea of launching a U.S. digital dollar. Powell and the bunch plan to put[…]

On May 8, the date Tesla CEO and Dogecoin advocate Elon Musk hosted Saturday Night Live, the total market cap of all cryptos was about $2.5 trillion. Since then, the market has lost over $800 billion in value, and prices continued to plunge on Friday. In today’s Market Insights video, I look at some of the negative headwinds that are facing cryptos — and why the sell-off is a potential buying opportunity. (If you’d prefer to read a transcript, click here.) Regards, Steve Fernandez Research Analyst, Strategic Fortunes Powered by WPeMatico

Banking with bitcoin is easy … if you’re among the wealthiest investors. Last month, Morgan Stanley became the first major U.S. bank to let clients invest in bitcoin. Its private bitcoin fund raised $29.4 million in its first two weeks. But here’s the catch: Morgan Stanley’s fund is only available to investors with a net worth of $2 million or more. Megabanks JPMorgan Chase and Goldman Sachs have similar funds in the works, but those will also be aimed at the ultrarich. So, if you’re an everyday investor, your options for buying, selling and holding bitcoin are still limited to[…]

Can’t Buy Me Arm? Nvidia Corp. (Nasdaq: NVDA) would buy you a diamond ring, Great Ones, if it makes you feel all right. It’d get you anything, Great Ones, if it helps investors sleep all right. But the U.K. don’t care too much for money, for money can’t buy Arm Holdings. Can’t buy Arm Hoooldings. Can’t buy Arm Holdings! A little Beatles “Can’t Buy Me Love” for your Monday wake-up call? Don’t mind if I do… So, we all knew Nvidia’s $40 billion Arm Holdings acquisition was a day tripper, but how many of you had “the U.K. goes helter-skelter[…]

In early February, I told you to avoid Dogecoin (DOGE). Back then, the popular “meme” cryptocurrency that features a logo of a Shiba Inu had rallied 600% after Elon Musk tweeted that: “Dogecoin is the people’s crypto.” Other celebrities such as Snoop Dog, Gene Simmons and one of the Jonas brothers also tweeted their support. Since then, we’ve learned that Musk has much more pull than I do in the crypto markets. The price of DOGE climbed another eight times to $0.45 last week. Legions of TikTok and Instagram influencers joined in the mania, urging their followers to buy into[…]