Expect a Massive Year-End Rally for U.S. Stocks Expect a Massive Year-End Rally

There’s a good chance that stocks finish 2019 with a powerful rally. Catalysts include positive seasonality, strong market breadth, bearish sentiment, desperate fund managers, and a more dovish FOMC. Fear of recession and a poor outcome to the trade war have led investors to remain on the sidelines; both factors could now become tailwinds. A […]

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US Congressmen Ask Fed to Consider Developing ‘National Digital Currency’

Two U.S. lawmakers want the Federal Reserve to consider creating a digital dollar. In a letter sent to Federal Reserve Chairman Jerome Powell, Rep. French Hill (R-Ark.) and Rep. Bill Foster (D-Ill.) outline concerns they have about risks to the U.S. dollar if another country or private company creates a widely used cryptocurrency, and ask […]

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Bitcoin-Pumping Wealth Advisor Licks Chops Over Fed Meeting

A $10 billion wealth advisor predicts the next Fed rate cut will launch the bitcoin price to a new yearly high. There’s just one problem. | Source: Jim WATSON / AFP (i), Jan von Uxkull-Gyllenband/Shutterstock (ii). Image Edited by CCN. The Federal Reserve will hold its next policy meeting tomorrow, and analysts predict that the […]

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Economic Growth Is All on You, Consumer: The Fed

Consumer confidence in the U.S. has held steady and spending has increased despite a slew of negative signs that point toward an economic slowdown. Federal Reserve officials admit that consumers are alone in carrying the burden of the economy. “We’ve seen a decline in exports and weakening manufacturing data, reflecting slowing global growth and uncertainty […]

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Bitcoin ‘Not a Rational Currency,” Doesn’t Mean It’s Worthless: Ex-Fed Chair Greenspan

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Former Federal Reserve Chairman Alan Greenspan said that bitcoin bears many similarities to the Continental dollars that the American Congress printed during the War for Independence to finance the war against Great Britain. Greenspan, who chaired the Fed from 1987 to 2006, […]

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