JPMorgan S&P 500 U.S. Market News 

JPMorgan’s S&P 500 Target Exceeds That of Stock Market Bull Tom Lee

J.PMorgan has increased its S&P 500 forecast for the next half of the year. The firm’s new outlook comes on the back of increased speculation tilting toward an end to the U.S.-China trade war and the Federal Reserve adopting a seemingly softer monetary policy. The new Fed monetary policy is predicted to result in reduced borrowing costs for firms and companies, giving markets a boost. JPMorgan took its target for the S&P 500 to 3,200, surpassing the 3,125 target previously set by Fundstrat co-founder and renowned stock market bull Thomas…

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bitcoin Cryptocurrency News Donald Trump John McAfee U.S. Market News 

John McAfee Defends Bitcoin From Donald Trump in Ironic Tirade

In the wake of Donald Trump’s viral tweet denouncing bitcoin and cryptocurrency in general, John McAfee has come rushing to its aid. In a series of tweets, the crypto evangelist has ridiculed the U.S. president’s comments regarding the use of digital currency to facilitate criminal activity. My response to Donald Trump regarding his “Dislike of Cryptocurrency” tweet. — John McAfee (@officialmcafee) July 12, 2019 Irony in McAfee’s Bitcoin Defense While McAfee is making valid points here, there is a significant elephant in the room. Namely, that the cybersecurity guru…

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bitcoin Bundesbank Cryptocurrency News Jamie Dimon JPMorgan U.S. Market News 

JPMorgan and Bundesbank Get the Disruptive Memo

As massive banks like JPMorgan and Wells Fargo prepare to release their Q2 earnings report next week, a growing threat to traditional finance, cryptocurrencies, are becoming too disruptive to ignore. While many of these banks have resisted the coming changes, the smart ones are starting to change their tune.  Just this week, the German Central Bank released a statement acknowledging the need to adapt.  “While no one can predict the future with certainty, we know one thing for sure. Digital transformation is here, it’s now and it’s big. It changes…

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Dow Jones S&P 500 U.S. Market News 

Investors Flee Stocks as S&P 500, Dow Smash Records

The Dow Jones Industrial Average and S&P 500 each set new records this week, barreling past 27,000 and 3,000, respectively, for the first time in the stock market’s history. But as rate-cut fever rampages across Wall Street, the market’s historic rally is increasingly proceeding without one key demographic: investors. Investors Pulled $25 Billion Out of Stocks Last Week The S&P 500, along with the Dow Jones Industrial Average and Nasdaq, has smashed records in recent days. | Source: Yahoo Finance According to data published by the Investment Company Institute, US…

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DOW federal reserve Opinion U.S. Market News 

Dow’s Future Clouded as Ex-White House Official Rules Out July Rate Cut

The Dow Jones and the broader U.S. stock market were in solid form in the first half of 2019 despite geopolitical tensions on several fronts. The Dow and the S&P 500 hit new highs a week ago thanks to the Federal Reserve’s dovish monetary policy outlook.  But former White House communications director Anthony “The Mooch” Scaramucci believes that the Fed doesn’t have reason to be dovish anymore.  In an interview with Fox Business, Scaramucci said: “I don’t think the Fed can cut rates here, given how strong the economy is.”…

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Donald Trump S&P 500 U.S. Market News U.S. Politics 

Bullish S&P 500 Index Signals Likely Trump 2020 Victory

Up almost 50 percent since his election and recently hitting fresh all-time highs, the S&P 500 index could be signaling expectations Trump may be reelected. Stock Market Suggests Investor Confidence The economy under Trump has shown few signs of slowing down. The economy gained 224,000 jobs in June, according to a monthly employment report released Friday. That brings monthly job growth for April, May, and June to an average 171,000 jobs. Wages are also on an uptick, 3.1 percent up for hourly paid workers over the past year. But it…

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Donald Trump Op-ed U.S. Market News Vietnam tariffs 

Think 25% Tariffs Are Bad? Trump Slaps 456% Duty on Vietnam Steel

The widely-publicized trade war with China, in which some imports are being slapped with tariffs of 25 percent, has grabbed the headlines. The Tariff End-Run! Yet when trade war tariffs are imposed on countries, those countries don’t just sit around and take it. Either they slap tariffs on US imports or they attempt to circumvent […] The post Think 25% Tariffs Are Bad? Trump Slaps 456% Duty on Vietnam Steel appeared first on CCN Markets

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Donald Trump Dow Jones federal reserve Jerome Powell U.S. Market News U.S. Politics 

Dow Creeps Higher as Trump Stacks Fed with Rate-Slashing Allies

Dow Jones futures traded higher on Wednesday as Trump aims to stack the Federal Reserve in his favor. In a series of tweets last night, he revealed his picks for the two empty chairs on the Fed’s board of governors. The names are Christopher Waller and Judy Shelton, both staunch advocates of low-interest rates. Trump has made no secret about his desire for low rates, which he believes would rally the stock market. His picks, still unconfirmed by the Senate, would likely tip the Fed in favor of faster rate…

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Dow Jones nasdaq S&P 500 U.S. Market News 

Dow Rips Lower After Fed’s Powell Sounds Alarm Bell on U.S. Economy

The Dow and broader U.S. stock market declined sharply on Tuesday, as investors reacted to dovish commentary from Fed chief Jerome Powell that suggested central bankers were becoming ever-more concerned about the economy. Dow, S&P 500, and Nasdaq Sink in a Sea of Red All of Wall Street’s benchmark indexes traded in negative territory on Tuesday, which reflected a tepid pre-market for Dow futures. The Dow Jones Industrial Average fell 171.04 points, or 0.6%, to 26,556.50. Dow Jones Industrial Average sinks triple-digits Tuesday afternoon. | Source: Yahoo Finance. The broad…

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Dow Jones Iran U.S. Market News 

Stock Market Eyes Best June in 80 Years But Iran Could Spoil Dow’s Party

By CCN Markets: The Dow Jones has fared surprisingly well this year despite simmering US-China trade tensions, gaining nearly 15% heading into the final week of June. The stock market’s latest rally puts it on track to record its best June since 1938. But the enormous stock market rally faces a new threat – the Trump administration’s decision to increase sanctions on Iran. The Dow Jones is headed toward a record June, but Iran sanctions could derail the rally. | Source: Yahoo! Finance Brian Hook, the US special representative to…

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