The Stock Market Is Surging to Record Highs & the Fed Will Do Anything to Keep It There
- The Fed hasn’t ruled out negative interest rates.
- If it wants the stock market rally to continue, the central bank will probably have to resort to below-zero rates.
- Without more Fed action, the U.S. economy probably can’t pull off a V-shaped recovery.
The U.S. stock market is trading remarkably close to all-time highs. Investors have remained bullish on the nation’s long-term prospects despite worrying economic data.
Much of that optimism has been fueled by the Federal Reserve, whose ever-expanding balance sheet has provided a formidable backstop for financial markets.
The stock market’s pandemic recovery has been impressive. | Source: Yahoo Finance
Although the stock market’s epic recovery suggests the U.S. is heading for a V-shaped recovery, the central bank is preparing for a worst-case scenario.
Fed Economist Argues for Negative Rates
Yi Wen, an economist for the St. Louis Fed, says despite Jerome Powell’s reluctance, the bank will have to consider negative interest rates.
style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″>,
If reproduced, please indicate the source: https://www.uucj.net/the-stock-market-is-surging-to-record-highs-the-fed-will-do-anything-to-keep-it-there/
Recommendation
-
New Report Confirms 15% of Ransomware Victims Paid up in 2018 » The Merkle Hash
Ransomware remains a very prominent trend in the IT landscape. As more victims pay the associated ransom, that trend will only grow worse. A new report issued by Dark Reading paints a very bleak picture. Ransomware is Still a Booming Industry It determines that ransomware is still a problematic industry, for many different reasons. First of all, the number of malware attacks remains incredibly high. That is primarily due to so many of these attacks being successful, even if no ransom is paid. What is more worrisome is how many victims decide to pay the ransom after all. Compared to 2018, four times as many victims paid a fee to have their files restored. This is despite prominent projects such as No More Ransom being launched by security researchers. This overall increase indicates that 15% of ransomware victims effectively lose money. For criminals, this creates a very interesting and lucrative situation. As their attacks become more sophisticated and severe, something needs to change sooner rather than later. Another reason for the rise in ransom payments can be found in cyber…
-
Antonio Brown Would Be Stupid to Refuse to Fight Logan Paul
Antonio Brown’s NFL career may be over, and he’s running out of options to score another seven-figure payday. Celebrity YouTube star Logan Paul is 0-for-1 in the boxing ring, but that won’t stop Anthony Joshua’s promoter from putting the scrap together. Logan Paul’s first boxing match with KSI drew over $3.5 million at the gate and generated over 1 million PPV buys. Disgraced NFL wide receiver Antonio Brown looks to finally be out of options when it comes to the gridiron. After leaving the Steelers, he had brief stints with the Raiders and the Patriots. It would appear he’s simply run out of places that are willing to put up with his crap. Antonio Brown Should Be Getting Desperate It seems natural that the next step for a moron like Antonio Brown would involve him trading blows with someone who isn’t a truck driver [TMZ]. Boxing it is, then. If there’s a sport out there that has a history of turning a blind eye to the criminal actions of athletes who can generate money, it’s the sweet science. Be it…
-
Bakkt Touts New Payment Integration With Starbucks
Some users of the Starbucks mobile app are now being presented with “Bakkt Cash” as a payment option. ,
-
BTC Bulls Continue Their Struggle To Defend $6,800 With Bears On The Horizon |
Bitcoin saw a 1.18% price increase over the past 24 hours of trading as the cryptocurrency continues to battle to remain above $6,800. The cryptocurrency was trading above $7,000 last week but rolled over before the weekend to drop beneath this support. Bitcoin saw a small 1.18% price rise today as the cryptocurrency continues to battle to remain above the $6,800 support level. $6,800 had provided significant resistance in March and early April and therefore is expected to provide an equal amount of support moving forward. However, if the tide turns, and Bitcoin falls beneath $6,800, it could result in the cryptocurrency unwinding back beneath $6,000. Luckily, the bulls have battled to remain above this level over the past 5-days of trading and have been successful thus far. Bitcoin Price Analysis BTC/USD – Daily CHART – SHORT TERM BTC/USD. Source: TradingView Market Overview Analyzing the daily chart above, we can clearly see Bitcoin hitting resistance at $7,400 last week and then rolling over to drop into the $6,800 level. More specifically, the cryptocurrency has managed to remain above support at…
-
Ethereum Set For Further Gains In Light of Fresh Technical Breakout
Ethereum found support near the $158 level and started a fresh increase, similar to bitcoin. ETH is gaining momentum and it could soon break the $170 resistance. Ether price started a fresh increase after it found support near $158 against the US Dollar. Bitcoin price is also rising and trading nicely above the $8,650 level. Yesterday’s highlighted key declining channel was breached with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now showing a lot of positive signs and it could continue to rise towards $170 and $172. Ethereum Starts Fresh Increase Yesterday, we saw a short term downside correction in Ethereum from the $172 resistance against the US Dollar. ETH price traded below the $165 support level and even broke the $160 level. However, the price remained well supported near $158 and the 100 hourly simple moving average. A decent support base was formed near the $158 level and recently the price started a fresh increase. It broke the 23.6% Fib retracement level of the downside correction from the $172 swing…
-
Overstock-Funded Bankorus Has No Money or Staff, Says $1M Shareholder
The largest shareholder in Overstock-funded blockchain wealth management startup Bankorus has claimed that the firm has no money left. In a statement issued on Oct. 6, Sonic Zhang said that previous funding deals for Bankorus had fallen through and that all its employees have resigned. Zhang: Bankorus “has run out of cash” As a contributor of more than $1 million to the company, Zhang said that he learned of the problems from its co-founder, Gregory van den Bergh, in July. “Bankorus has run out of cash, because the second round investors pulled their funds,” Zhang wrote. Overstock STO fails to save fortunes Previously known as MICAI, Bankorus had tried to launch an initial coin offering (ICO) in 2018, just before the market for this funding method crashed. Then, tZero, Overstock’s security token platform, offered investment and a transition to a security token offering, or STO. According to Zhang, as of early 2019, the transition was progressing successfully, but sudden teething problems drastically undermined the operation. All Bankorus has now, he added, is a $1 million investment in Lithuania’s Rato Credit…
-
Dow Jones Futures Add 300 Points as Market Awaits Q1 Earnings
While the Dow Jones futures can’t be said to be in full health at the moment, it jumped 300 points today, possibly keeping faith in the market alive. The stock market seems to be gearing up for some increase even as it has been trading negatively for the last few weeks. The current coronavirus pandemic has crashed markets for a long time, sending the government scrambling to create measures to ease the stress. This includes printing a lot more money to inject into the system and also allowing financial institutions to access some serious funding. Some of these seem to be paying off as the Dow Jones futures are responding. At 6:00 am ET, the Dow Jones Industrial Average futures climbed by 300 points to a possible 333-point gain. The climb suggests that even as the pandemic continues, all hope is not lost. The climb could also be a pointer to the fact that however slowly, there might be some headway in the fight to curb the virus. The market is currently anticipating the earnings season. Some major institutions such…
-
Product Data Analyst (Blockchain) – Blockchain News, Opinion and Jobs
Intelletec A fast-growing Blockchain company based in the Bay Are are looking for a Product focused Data Analyst to join a growing team Skills : You will do deep data dives and track metrics around our product in order to understand how it is being used, how recent changes have affected metrics, and where optimization opportunities are for our business and product. You will also work on data-analytic projects with marketing, life-cycle, operations, the executive team that require you to have flexible quantitative skills. You will communicate your findings in presentations, build dashboards and visualizations, and be the go-to person for questions about data. Work closely with product manager and product design team. Experience : You have an excellent product sense and 2+ years industry experience in product analytics. Given that you will work across a variety of domains in this role, the ideal person would also have some experience in business, marketing or operations analytics but that is not as important as product analytics. You should have strong SQL skills which will not only enable you to drill deeply…
-
Bitcoin Price Will Rip to $50,000
Bitcoin is now in a downtrend after Friday’s technical reversal. Analyst Peter Brandt believes that a cleansing is in order before bitcoin can start a new bull market. He says investors who refuse to be shaken out by the stomach-churning purge could reap ridiculous profits in the future. The world’s dominant cryptocurrency appears to have lost all bullish steam. The momentum that the bitcoin price generated when it printed a 2019 high of $13,880 has vanished, giving way to a rapid downturn. This week, the cryptocurrency crashed through support at $7,400. This triggered a technical reversal on the daily chart. As much as I hate to say it, the bitcoin hater, Peter Schiff, finally got it right. Bitcoin broke down from a head-and-shoulders top | Source: Twitter A head-and-shoulders structure is one of the most reliable reversal patterns in technical analysis. Thus, from a technical perspective, bitcoin is now in a downtrend, and many expect that it would plummet to $6,000. For instance, Clem Chambers, CEO of ADFN and Online Blockchain Plc, predicts that capitulation will strike at $6,000. He…
-
The Xbox Series X Will Be Super Quiet, But Who Cares?
Xbox boss Phil Spencer reveals that the Xbox Series X will be very quiet. The console will be as quiet as the Xbox One X. Gamers are unlikely to care if the console is so powerful. Speaking to GameSpot, Xbox boss Phil Spencer revealed that the Xbox Series X has a central fan in its design, visibly seen through the top grate of the console. Spencer added: What this design does, with the size of the fan that we built around, is it lets us match how quiet the Xbox One X is with all that power inside of the box. Spencer also said that he is “incredibly impressed” with the Xbox Series X design and how it is powerful without being loud. He also said that he can’t hear the console when he’s playing games. The designers should get some sort of raise for managing to make the console so quiet but in truth, they didn’t really need to make this happen. If the Scope Quality triangle had three corners with cost, power, and design, it’s not difficult to…
