By Gregory Mannarino, TradersChoice.net Yes, everybody is talking about it, but this is nothing new. For anyone who has followed my work since I recommended to buy Bitcoin at just under 3K, I have nailed the crypto space to the wall. I then recommended again to buy Bitcoin at 5K, and at 10K, and yet...
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CRTYPTOCURRENCY: SPECIAL REPORT
Go back to the 23 June 2020 Trends Journal when bitcoin was trading under $10,000 per coin. We had forecast the price would spike much higher “when it solidly breaks above the 10,000 mark.” It did, and we have been bullish on it. However, the Trends Journal has continually warned that cryptocoins were due for...
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U.S. MARKETS OVERVIEW
STOCKS PLUNGE, STOCKS BOUNCE. The equity markets, the economy… it’s all about cheap money. With inflation spiking, money junkies are worried that interest rates will rise, as will the cost of monetary methadone injected into the system by central banksters. In the late April meeting of the U.S. Federal Reserve’s policy committee, several members of...
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BLACKROCK LAUNCHES WEALTH MANAGEMENT SERVICE IN CHINA
China’s government has approved a joint venture led by BlackRock, the world’s largest asset manager, to open a wealth management business on the mainland. The venture, 50.1-percent owned by BlackRock and including the China Construction Bank (CCB) and Temasek, Singapore’s sovereign wealth fund, will target a market of Chinese savers estimated to be worth $18.9...
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CHINA’S APRIL RETAIL SALES DISAPPOINT
Although retail sales in China grew 17.7 percent year-over-year in April, the volume still disappointed analysts polled by Reuters, which had expected shoppers to spend 24.9 percent more. April’s sales increase was barely half of the 34.2-percent surge booked in March. Online purchases of consumer goods gained 23.1 percent during the first four months of...
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CHINESE INFLATION RATE HIGHEST IN THREE YEARS
China’s Producer Price Index (PPI) – the cost of raw materials going into, and of goods coming out of, Chinese factories – shot up 6.8 percent in April year over year, according to government figures, the greatest 12-month hike since 2018. Consumer prices rose only 1 percent, reflecting a slow recovery from last year’s shutdown...
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MÖET HENNESSY PREDICTS SURGE IN SPIRITS MARKET
The world of spirits will see a “post-COVID renaissance,” according to Möet Hennessy, the French producer of cognacs and champagnes, in which drinkers will repopulate restaurants and bars and splurge on fine wines and spirits in a “revenge of pleasure or the new Roaring 20s,” CEO Phillippe Schaus said. “It’s clear people are almost desperate...
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TOYOTA RECONFIRMS COMMITMENT TO HYBRID VEHICLES
In 2030, more than half of new Toyota vehicles sold in the U.S. will be hybrids, 30 percent will run solely on gas or diesel, and only a fraction will be all-electric, Toyota Motor Corp. executive Jun Nagata said at a 12 May news conference reported by the Wall Street Journal. By 2030, “the price...
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EVs CHEAPER IN EUROPE THAN GAS-FUELED CARS BY 2027, STUDY SAYS
All-electric passenger cars will be cheaper to build in Europe by 2027 than cars running on fossil fuels if governments take measures to make that happen according to a new study by Bloomberg New Energy Finance. Light vans will be cheaper to make than their diesel-powered counterparts by 2025 and heavy vans and SUVs will...