The market’s long and intermediate-term trends have strengthened this week with momentum on nearly every time frame showing a buy signal expect for the weekly MACD, which is only a stone’s throw away at this point.
Jon Matonis, Executive Director of the nonprofit Bitcoin Foundation, explains how Bitcoin has grown by leaps and bounds in less than five years, achieving a level of success never before seen by a non-State digital currency.
This morning there is a great sense of relief that has swept the nation as news flowed through the media that the government shutdown had come to an end. After all, during the 16 days of the shutdown...
Personally, I think even attempting to call a top on this character of an equity market is an exercise in the self-infliction of pain for now. It has been a long time since I’ve seen this type of speculation, but it’s been never since I’ve seen this type of monetary largesse.
As discussed previously, U.S. commercial banks have been scaling back on their loan portfolio growth. Banks have been even more aggressive however in reducing growth of their securities holdings.