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JPMorgan Chase Analysts Say Prolonged Crypto Bear Market Is Scaring Off Institutions

“Analysts from global investment bank JPMorgan Chase believe that the protracted crypto bear market is driving away institutional investors, Bloomberg reports on Tuesday, Dec. 18” writes Helen Partz for cointelegraph.com. They purportedly claim that in the past month the index reached its “lowest levels” since the launch of Bitcoin futures trading on Dec. 10, 2017.Moreover, JPMorgan reportedly stated that the average transaction size in the crypto market has dropped to lower than $160, opposed to about $5,000 one year ago.The experts reportedly noted the decreasing index of open interest (OI)…

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After epic run, the tech ‘FAANG’ trade is no longer Wall Street’s favorite

“Bank of America Merrill Lynch also released it survey of fund managers on Tuesday” writes unknown author for cnbc.com. But now, the dollar has become fund managers’ number one trade.Shares of technology giants have fallen out of favor with fund managers, replaced by bets on the U.S. dollar as the most crowded trade.Amazon shares also have fallen since the company reached a $1 trillion valuation earlier this year.Over the past three months, Apple shares have plunged more than 20 percent, while Facebook shares have fallen 13 percent. Source: cnbc.com Share This:

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Art Cashin: The stock market rebound could be even bigger if not for increasing Fed worries

“Wall Street concerns about “unforeseen consequences” from another Federal Reserve interest rate hike were keeping a lid on Tuesday’s stock market rebound, according to veteran trader Art Cashin” writes Berkeley Lovelace Jr for cnbc.com. The market expects a more scaled-back rate path Wednesday.Against the backdrop of higher rates, investors are “very nervous” about global economic growth slowing and uncertainty around the U.S. trade war with China, said the UBS director of floor operations at the New York Stock Exchange.Cashin said there are several investors on the sidelines ahead of the…

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Tesla needs to raise $2.5 billion before the end of the year if it wants to keep investors happy

“In our opinion, a capital raise could reduce many investors’ concerns about financial pressure during a critical time of market expansion and strategic partnership.”” writes Graham Rapier for businessinsider.com. “We do not believe investors will assume the company is fully self-sufficient without a more sustained period of execution.”.  Source: businessinsider.com Share This:

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BT plans to overhaul executive pay after shareholder protest

“BT is planning to make changes to the way it pays its senior managers after shareholders staged a protest over the bonus awarded to outgoing chief executive Gavin Patterson earlier this year” writes Tom Stevenson for telegraph.co.uk. The decision follows a bruising vote at the company’s annual general meeting in July, when 34pc of investors rejected its remuneration report. BT said it was “naturally disappointed” with the outcome, and having spent time speaking to investors since, it had found… Source: telegraph.co.uk Share This:

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Greenspan tells stock investors: ‘Run for cover’

“Plunging stock markets and signs of slowing global growth may prompt the central bank to signal a slowdown in rate increases next year, analysts have said” writes Rachel Koning Beals for marketwatch.com. So, “at the end of that run, run for cover,” he said. “The [market] volatility is a function of how we speak, think and feel — and it’s variable,” Greenspan said in the interview. “Unless you can somehow radically change human nature and how we respond, this is what you’ll always get and have been getting.Alan Greenspan, the…

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Investors just poured a record amount into bonds as ‘extreme bearishness’ sends them fleeing from stocks

“Beyond the prospect of slowing economic growth, investors are being troubled by a handful of other notable headwinds” writes Joe Ciolli for businessinsider.com. Investors fleeing the stock market are seeking shelter in bonds to an unprecedented degree.Those investors reduced holdings in stocks by 15 percentage points over the same period, according to the data.On a global basis, a record $39 billion was yanked from stocks worldwide over the same period.These developments have pushed the market close to “extreme bearishness,” strategists at BAML wrote in a client note. Source: businessinsider.com Share This:

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Bristol start-up raises $200m from Microsoft and BMW to gain edge in AI chip arms race

“Existing investors Dell, Samsung, Sequoia Capital, Amadeus Capital and Draper Esprit also participated” writes James Cook for telegraph.co.uk. The company is attempting to create new class of chips that are better able to deal with the huge amounts of data needed to make AI computers.The new funding round was led by British venture capital firm Atomico and Belgian investor Sofina.The company says that its chips are the first in the world to be designed to run machine learning programmes, a type of artificial intelligence which allows computers to automatically learn and…

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Investors have given up on a popular stock-market hedge — here’s how that could change how the entire market trades in 2019

“But in mid-2017, financial-analytics firm S3 Partners proposed an alternative explanation: these shorts were being used as market-wide downside hedges” writes Joe Ciolli for businessinsider.com. According to S3, FAANG stocks outperformed the broader market to a far greater degree to the upside. “After this year’s performance, we may see an increase in ETF hedging activity, back to levels we saw in the first quarter of 2018,” Dusaniwsky said.This ended up being a money-losing situation for the investors shorting FAANG for broad market protection.The higher share prices for Facebook, Apple, Amazon,…

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European markets falter as oil prices plummet and U.S. interest rate hikes loom

“European markets were mostly in the red on Tuesday, as crude oil prices plummeted to new lows and investors remained jittery over an expected U.S. interest rate hike” writes Emily Horton for marketwatch.com. Energy stocks were also hit, the National Grid PLC NG., -6.10%  declined by 4%. Source: marketwatch.com Share This:

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