Yesterday we joked that with the US House of Representatives set to vote for the GOP tax bill on Tuesday, markets would "price in" the same tax legislation they have been pricing in every day for the past year, all over again...
Get ready for US markets to price in tax reform all over again in just a few short hours
— zerohedge (@zerohedge) December 19, 2017
Update: Well that escalated quickly...
The stock is now up over 500% today and has been halted numerous times...
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Having closed last Thursday on its IPO-day at $5.38, news of the acquisition of Ziddu - a blockchain solutions provider (whatever that means in the real world) - LongFin has since exploded to $44.80 in today's pre-market... up 730% in 2 days.
Once again the stories of the death of Bitcoin appear to greatly exaggerated.
image courtesy of CoinTelegraph
Overnight Asian demand sent the cyrptocurrency to a new record high at $17,934 (Bitstamp).
Ethereum is off from its $750 highs, but rallying again today...
Today's preice action in ETH and BTC show the ususual trade-off...
And while buying every dip and HODLing makes everyone seem like a genius, DataTrek Research's Nicholas Colas has 5 Bitcoin Lessons For Every Investor
One day after the Fed hiked rates by 25 bps as part of Janet Yellen's final news conference, it is central bank bonanza day, with rate decisions coming from the rest of the world's most important central banks, including the ECB, BOE, SNB, Norges Bank, HKMA, Turkey and others.
A selloff which started in Asia, driven by renewed liquidation of Chinese and Hong Kong tech stocks and accelerated by weaker metal prices which pushed the Shanghai Composite below a key support and to 4 month lows...