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The S&P 500 (SPX) has been in a strong uptrend since March 2009. To date, the large-cap index has been in a bull market for 127 weeks. According to CNN, the S&P 500 is in the midst of the longest bull run in history. Consequently, many market participants feel euphoric. They think that the party […]
The Dow fell for a second consecutive day as Wall Street wrestled with worrisome economic data and digested analyst warnings about the Trump administration’s potential move to block US investment in the Chinese market. Dow Nosedives Toward 26,000 Wall Street’s three most closely-followed indices endured sharp declines at the opening bell. The Dow Jones Industrial […]
Bitcoin is down by over 40% from the 2019 high of $13,880. Any other asset plunging by 20% or more would have been in a bear market. But not the king of cryptocurrencies. Bitcoin has retraced by more than 40% in previous bull runs and many market participants are comfortable holding the cryptocurrency. To prove […]
Bitcoin is down by over 40% from the 2019 high of $13,880. Any other asset plunging by 20% or more would have been in a bear market. But not the king of cryptocurrencies. Bitcoin has retraced by more than 40% in previous bull runs and many market participants are comfortable holding the cryptocurrency. To prove […]
Amid the escalating chaos of the anti-government protests in Hong Kong, bitcoin’s trading volume has hit an all-time high on peer to peer exchange, LocalBitcoins. Residents of Hong Kong are still staggering from what was an exceptionally violent week of protests. The outrage over the now- withdrawn extradition bill has boiled over into issues such […]