Markets News Stocks 

The biggest contagion risk to U.S. stocks isn’t Turkey — it’s an already-deteriorating China

“Ask Arora: Nigam Arora answers your questions about investing in stocks, ETFs, bonds, gold and silver, oil and currencies” writes Nigam Arora for marketwatch.com. Recent events in Turkey have reminded investors of the contagion risk coming to the U.S. stock market from abroad.It is the situation in China that concerns us the most in terms of its impact on the U.S. stock market. Source: marketwatch.com Share This:

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News 

Turkey ETF sees highest inflows in 5 years amid currency crisis

“Midway through August, more than 14.3 million shares have already traded over the course of the month” writes Markets Reporter for marketwatch.com. Read: Strategists see 4 ways out of Turkey’s currency crisis An unusually large amount of money has flowed into ETF in recent sessions.Only 12 other ETF categories have higher inflows over the past week; the iShares fund is the only ETF that FactSet places into the “Turkey – total market” category.Last August, fewer than 3.8 million shares exchanged hands over the entire month. Source: marketwatch.com Share This:

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Markets News 

As emerging markets get crushed, reasons to own the space are cropping up

“The Turkish lira’s devastating sell-off, along with the broader Turkish market, is exacerbating emerging markets’ recent decline” writes unknown author for cnbc.com. The emerging markets-tracking EEM ETF is showing signs of recovery amid international trade war turmoil, and there are several reasons to own the space. Source: cnbc.com Share This:

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Crypto News 

Bitcoin price crashes as SEC postpones ETF decision on cryptocurrency

“Goldman Sachs has already begun deliberations over bitcoin custody, making it the first Wall Street banking giant to make such a move” writes Anthony Cuthbertson for independent.co.uk. The SEC previously rejected a bitcoin ETF request last year on account of the cryptocurrency’s price volatility.The delayed decision relates to an application for a bitcoin exchange-traded fund (ETF), which if approved could cause the value of bitcoin to skyrocket.Bitcoin has fallen in price by almost 10 per cent following a decision by the US Securities and Exchange Commission (SEC) to delay a…

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Crypto News 

Over $9 billion wiped off bitcoin’s value after SEC postpones key decision on a cryptocurrency ETF

“This is VanEck’s third attempt to push a bitcoin ETF through, having been rejected by the SEC twice previously” writes unknown author for cnbc.com. An ETF is a financial product that tracks the price of an asset and is listed on an exchange.Bitcoin fell sharply on Wednesday after the U.S. Securities and Exchange Commission (SEC) delayed a decision on a proposed bitcoin exchange-traded fund (ETF), which would have been the first financial product of its kind. On this occasion, the SEC said that it is pushing out its decision until…

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Crypto Markets News 

Crypto prices sharply down after SEC postpones Bitcoin ETF decision

“The launch of a Bitcoin ETF would likely be a big boost for Bitcoin and other coins, as it would open the doors to institutional investors to invest in the crypto market” writes Stan Schroeder for mashable.com. However, it appears that anything resembling bad news can send the crypto market plummeting these days.Ethereum, the second largest cryptocurrency by market cap, fared even worse, having dropped by more than 8% at one point.Ripple, Bitcoin Cash and EOS — the third, fourth and fifth largest coins by market cap — have all…

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News Stocks 

5 smart trades that will get you away from pricey tech stocks

“After all, long-term performance numbers for tech stocks remain extraordinary” writes Jeff Reeves for marketwatch.com. That’s in contrast to the stretched valuations in some tech stocks like Netflix NFLX, +0.26%  and Amazon that both have forward P/Es of more than 70.Take dividend stocks.The fundamentally defensive nature of these stocks, particularly those with sustainable and growing payouts, has made them incredibly attractive amid the volatility in tech. Source: marketwatch.com Share This:

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Crypto Markets News 

The crypto market has lost 20% of its value in 2 weeks and bitcoin is still dropping

“The regulator announced it is postponing a decision on whether to approve or deny a bitcoin ETF product from CBOE until September” writes Oscar Williams-grut for businessinsider.com. The market has been waiting for a long time for a regulated ETF product to hit the market as traders believe it will bring new money into the market.LONDON — The price of bitcoin is slipping on Wednesday, extending a poor run for the digital currency.The benchmark currency [bitcoin] doesn’t have important levels of consolidation near current trading marks.Other major digital tokens are…

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Crypto News 

Bitcoin ETF SEC Decision Delayed Until…

“The VanEck/SolidX Bitcoin ETF decision by the SEC has been pushed back until the end of September, according to a document released today” writes Matthew Hrones for livebitcoinnews.com. What do you think about this decision from the SEC? Do you think the ETF will end up being approved?. Many believe that an approved Bitcoin ETF would provide a method for institutional money to invest in BTC and, as a result, send the price skyrocketing.While many people think that the Bitcoin ETF is the next part of the cryptocurrency price rollercoaster,…

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Crypto News 

SEC delays decision on VanEck-SolidX bitcoin ETF

“The regulator said it planned on making a decision on the proposed ETF from VanEck and SolidX on Sept. 30” writes Aaron Hankin for marketwatch.com. The SEC’s announcement comes 12 days after a similar bitcoin ETF by Cameroon and Tyler Winklevoss was rejected on July 26.The price of bitcoin moved lower after the news, with a single bitcoin [s:btcusd] last changing hands at $6,877.26, down 0.6%, since Monday 5 p.m.A decision was expected no earlier than Aug. 10, 45 days from the time the ETF duo submitted their application for…

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