Im Minus präsentiert sich um 17:11 <a href="/devisen/bitcoin-dollar-kurs">Bitcoin</a>. Der <a href="/devisen/bitcoin-dollar-kurs">Bitcoin</a>-Kurs notiert aktuell -0,58 Prozent schwächer bei 96.003,36 US-Dollar. Am Vortag bezifferte sich der Kurs noch auf 96.564,98 US-Dollar.<!-- sh_cad_1 -->Indessen verstärkt sich der <a... [embedded content]...
Read More »BlackRock-CEO Larry Fink bullish: Wie der Bitcoin auf 700.000 US-Dollar steigen könnte
• Bitcoin mit starker Entwicklung<br> • Experten sind vorwiegend optimistisch<br> • Larry Fink sieht Kurspotenzial bis 700.000 US-Dollar<br> <!-- sh_cad_1 --><h2>Bitcoin mit starker Entwicklung</h2> Der <a href="/devisen/bitcoin-dollar-kurs" target="_blank" rel="noopener">Bitcoin</a> hat in den vergangenen Wochen und Monaten eine starke... [embedded content]...
Read More »Small Cap Stocks Are Offering Outsized Returns
The Wall Street Journal published an interesting article For Small Cap Stocks, Look Past The Trump Trade. It is worth sharing the article's premise and the potential pitfalls in the analysis as quite a few articles seem to be popping up recently touting small-cap stocks. Let's start with the scatter plot below, courtesy of Fuery Research Partners and the Wall Street Journal. Data from 1968 shows that the lower the ratio of the P/E of small-cap stocks versus the P/E...
Read More »Forecasting Error Puts Fed On Wrong Side Again
The Federal Reserve's record of forecasting has frequently led it to respond too late to changes in economic and financial conditions. In the most recent FOMC meeting, the Federal Reserve changed its statement to support a pause in the current interest rate-cutting cycle. As noted by Forbes: "The policy-setting Federal Open Market Committee agreed unanimously to hold the target federal funds rate at 4.25% to 4.5%, the U.S. central bank announced Wednesday...
Read More »BlackRock Plans to Launch Bitcoin-Linked ETP in Switzerland
BlackRock is preparing to introduce a new exchange-traded product (ETP) tied directly to Bitcoin in Europe, following the success of its US$58 billion US-based cryptocurrency ETF. Sources familiar with the matter suggest that the fund will likely be domiciled in Switzerland, with BlackRock potentially beginning its marketing efforts as early as this month. However, as these individuals were not authorised to discuss the details publicly, they remained anonymous. A...
Read More »The Role of Annuities in a Retirement Income Plan
Planning for retirement involves building a diverse and stable income strategy that ensures financial security throughout your golden years. Among the tools available, annuities in retirement planning offer a unique advantage: the ability to create a reliable, guaranteed income stream. However, understanding their types, benefits, and potential drawbacks is essential to determining whether they fit into your retirement plan. What Are Annuities? Annuities are...
Read More »The Birth Death Adjustment: Trade With Caution
When formulating its monthly employment data, the BLS includes an adjustment for the net number of new jobs coming from new businesses and those lost by companies that have shut down. This adjustment is logical, as neither new nor closing firms are included in their surveys. While the so-called birth death adjustment is rational, the number of net jobs added due to the estimate can be incredibly flawed. The latest example is in the latest BLS Business Employment...
Read More »DOGE Deficit Reductions
The newly formed Department of Government Efficiency (DOGE), headed up by Elon Musk, is tasked with reducing government waste and increasing efficiency and productivity. The big question bond investors are keying on is how effectively DOGE can reduce the deficit. Tracking DOGE savings is now easy. As we share below, the US Debt Clock shows a running total of cumulative DOGE savings. Thus far, in less than a month, DOGE has saved $56 billion, as shown below (box in...
Read More »Where Does Money Come From?
All money is lent into existence. The Federal Reserve or the government does not print money. Those two facts are vital to understanding our lead question: where does money come from? Furthermore, knowing who does and doesn't print money and the incentives and disincentives that change the money supply are critical to inflation forecasting. Some so-called bond vigilantes are running around like Chicken Little, warning that the Fed's recent rate cuts will...
Read More »Tariffs Roil Markets
Over the weekend, President Trump announced tariffs of 25% on both Canada and Mexico, as well as a 10% tariff on China. Such was not unexpected, as contained in the Trump tariff Executive Order {SEE HERE}. Specifically, that order stated: "[Sec 2, SubSection (h)]: Sec. 2. (a) All articles that are products of Canada as defined by the Federal Register notice described in subsection (e) of this section (Federal Register notice), and except for those products...
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