Stocks fell today as investors weighed the negative remarks and cautiousness of Federal Reserve Chairman Jerome Powell, hedge fund managers Stanley Druckenmiller and David Tepper, and Dr. Anthony Fauci.
Here's what our experts – Chris Johnson, D.R. Barton, Jr., and Shah Gilani – thought about their comments, where they see stocks heading next, and how you can position your portfolio today.
by Mike Butta
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Today, we'll show you how to value Bitcoin using a different model – one which allows us to compare its value to other scarce assets like silver ($308 billion market cap) and gold ($8.4 trillion market cap).
You see, Bitcoin should be compared these precious metals since they also aren't income producing businesses, yet they hold significant value in this world because they're also limited in supply and unforgeable.
To date, this model has correctly explained 95% of the price of Bitcoin within two standard deviations of its projected mean.
And it predicts Bitcoin's market cap will surpass $1 trillion (or $55,000 per Bitcoin) by 2021.
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The Dow Jones Industrial Average could finish the day with sizable gains as geopolitical flares between the U.S. and Iran are now in check.
And investors have a busy week of earnings to look forward to.
More on Iran, and who's set to report earnings this week, below.
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The Dow Jones Industrial Average could lose more than 100 points today following last week’s U.S. bombing that killed Iran’s top military leader.
Iranian officials have threatened revenge for the bombing, while President Trump has vowed to increase military response in the event of any Iranian action against U.S. interests.
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The Dow Jones Industrial Average will climb higher today after Chinese President Xi Jinping claimed his country wants to actively avoid a trade war.
Investors are cautiously optimistic that China's call for better communication with Washington, D.C. points to a trade agreement down the road. I've got more on what's moving the Dow today, below.
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The Dow Jones Industrial Average is sinking Wednesday as investors digest a wild speech by President Trump.
On Tuesday night, Trump spoke at The Economic Club of New York and railed against the Federal Reserve on interest rates and monetary policy.
But that’s just one of the many stories driving market behavior this morning.
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The Dow Jones today will continue on news that China and the U.S. are nearing a "phase one" deal.
Interest rates also just had their biggest pop since the election of President Donald Trump.
More on this, and other factors moving the Dow today, below.
Plus: Walt Disney Co. (NYSE: DIS) just had a big earnings win.
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The Dow Jones today is pointed down as markets are skeptical about a trade deal between the United States and China.
Both sides will sit down and restart negotiations in Washington later this week.
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The Dow Jones today won't shift much after China announced its slowest economic growth rate in decades… … but one major investment bank expects a big rally from the S&P 500 by the end of the year. Details below. Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq: Index Previous Close […]
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The Dow Jones Industrial Average is off today as investors anticipate a selloff following comments from Federal Reserve Chair Jerome Powell.
He’ll speak on the results of some banking stress tests, but investors don’t expect any definitive message about Fed rate cuts.
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