Markets News Stocks 

‘Panic buying’ likely to drive stock market higher in the near term

“The surge in stocks comes as investors increasingly bet China and the U.S. will strike a trade deal in the near future” writes unknown author for cnbc.com. “Systematic trend followers that had temporarily suspended buying after the weak US retail sales print have also been compelled to follow the market by adding fresh longs.”. “It seems a ‘panic buying’ mood, with purchases by investors who had been lagging the broader market, has strengthened,” Masanari Takada, a cross-asset strategist at Nomura, said in a note Monday.Stocks could get a short-term boost…

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Crypto Markets News 

Bitcoin Forms Green Candle on Monthly Chart After 6 Months

“As of the time of this writing, Bitcoin is on an up trend, trading at $3,828.50, marking a 2.29% change in 24 hours” reports livebitcoinnews.com. Among the top ten digital assets, Ethereum (ETH) has posted the biggest gain, seeing a 10.41% 24-hour change, trading at 139.14 to the US dollar.The upward movement has seen its market capitalization grow from USD $64 Trillion to $USD 65.9 Trillion, owning 52.14% of the total cryptocurrency market cap.Ethereum is followed by Bitcoin Cash (BCH) with 6.68% growth, and EOS (EOS) recording a 4.34% increase.Bitcoin’s…

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News 

Millennials are obsessed with raising plants, and Costco is poised to capitalize

“This week, a Reddit thread was picked up by House Beautiful after a Costco shopper shared an image showing a $20 succulent garden they had bought at the warehouse store” writes Mary Hanbury for businessinsider.com. Read more: Millennials are obsessed with raising plants, and one New York-based startup is poised to capitalize The biggest driver of the trend seems to be space or, perhaps, the lack thereof, as many millennials are waiting longer to buy homes and are living in smaller, urban spaces for longer.Some have said that the act…

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News 

GBPUSD moves back toward 100 day MA

“The GBPUSD’s move higher his continuing with the pair approaching its 100 day MA. The price of the GBPUSD was bid up into the London 4 PM fixing” reports forexlive.com. The move has taken the price back above the 50% of the 2019 range at 1.2834, above last week’s low and 100 hour MA at 1.2852 and is now looking toward the 100 day MA at 1.2879. The low this week stalled at a lower trend line yesterday. Source: forexlive.com

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News Stocks 

Stocks struggle, dragged down by consumer staples and financials

“The U.S. producer-price index fell by 0.1% in January, lower than the 0.1% increase expected by economist polled by MarketWatch” writes Markets Reporter for marketwatch.com. AVP, -11.03% skidded 11% after the beauty-products company reported fourth-quarter results.BLMN, +8.95% shares jumped 9% after the parent company of Outback Steakhouse reported fourth-quarter profits and sales that surpassed Wall Street expectations.Investors were caught off guard by a report showing that U.S. retail sales fell by 1.2% in December, the largest single-month decline since 2009 and well below the flat growth expected by economists polled…

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Crypto News 

JP Morgan creates first US-bank backed cryptocurrency

“JP Morgan is set to become the first US bank to launch its own cryptocurrency as it looks to find a new way of settling payments between its global clients” writes Hasan Chowdhury for telegraph.co.uk. The JPM Coin is a digital currency designed to represent the US dollar.It follows a recent trend of so-called stablecoins, which aim to minimise the volatility in price of cryptocurrencies by pegging the digital assets to a fiat currency. Source: telegraph.co.uk

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Crypto Markets News 

How We Will Remember the Year of the Dog? ICO Market Decline, Trend Toward Compliance and Other Takeaways

“Crypto market experienced a major plunge, delving into a full-on bear mode, which still stays as of press time” writes Stephen O’neal for cointelegraph.com. That marked an important step on Wall Street’s path to the crypto market.Having recognized that the rules have changed, new projects on the crypto market are being designed to comply with the law from the very start.Nevertheless, if Facebook confirms the news, the crypto market is expected to gain a lot of relevance for the mainstream financial world.Overall, stablecoins attracted a lot of institutional capital throughout…

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News 

Get In On The Dad Shoe Trend With These $10 Sneakers That’ll Go With Everything

“Stylewise, the sneakers are exactly what designers have been going for with the dad shoe trend” writes Oscar Hartzog for spy.com. But unlike many high-fashion trends, dad sneakers don’t have to cost hundreds (or thousands).* Nail the dad shoe trend for $10 * These sneakers feature a chunky, 90s-inspired look * All-white colorway makes them easy to rock with anything Dad shoes took the fashion world by storm over the past year, and the trend shows no sign of slowing down in 2019. Source: spy.com

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News 

The 401 Millionaires Club got smaller last year, with risk being the price of entry

“What would exist in its place would be a placid, low-risk, low-return marketplace, where little of consequence actually happened” writes Barry Ritholtz for latimes.com. The overall trend would be modestly upward, with modest total returns.After all, returns are a direct function of risk, and risk itself is a function of the potential to generate less than your expected returns. Thus, with the lower likelihood of not getting what you expected, and less risk, returns would naturally be much lower. Source: latimes.com

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