We just posted an updated market analysis on the Investing page. Long story short, more selling is likely. Our bottom target for SPY is ~355 and for BTC we see low 20s.
Category Archives: Stock Market
Amidst talk of barista unionizing, supply chain issues and increasing competition, Starbucks maintains its dominance in the coffee world.
“…by 2040, there will be no more Bitcoins able to be mined. As a result, this will encourage excessive hoarding of the supply of Bitcoins. This will push up the Bitcoin price, but reduce the actual trading volume of the Bitcoins (i.e., deflating the float available). On the other hand, by allowing five billion Dogecoins per year to increase the supply of Dogecoins for infinity, the supply will grow, but eventually, reach a practical limit. Therefore, we can calculate the inflation rate of the currency over time.”
Our knee injury stem cell stock VCEL is being added to the S&P SmallCap 600. The stock price is responding appropriately and is trading at all-time highs as we type this.
“Vericel Corp. (NASD:VCEL) will replace QEP Resources Inc. (NYSE:QEP) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, March 22. S&P 500 constituent Diamondback Energy Inc. (NASD:FANG) has acquired QEP Resources in a transaction that closed today.” read more
“Cathie Wood discusses her investing picks, plus her insight on Reddit, GameStop, Tesla and Bitcoin”
Here is the manager of the best-performing money fund talking about her market positions:
Also here she’s promoting the genomics sector (our largest holding is Bionano Genomics):