NASDAQ Composite

Former Fortress Principal Michael Novogratz left the firm's colossal macro hedge fund almost two years ago, but has been discussing investments in virtual currencies since 2013 when he told a UBS conference...

"Put a little money in Bitcoin...Come back in a few years and it’s going to be worth a lot."

He was of course correct, Bitcoin was trading around $200 at the time and as recently as two weeks ago was worth $3000.

Authored by Duane Norman via Free Market Shooter blog,

In spite of low volumes, US stock markets made fresh all-time highs today:

The Dow Jones industrial average rose about 140 points and hit intraday and closing records, surpassing a previous all-time high of 21,391.97, which was set last week.

 

While the VIX rebounded from its lowest level since 1993, it was volatility bets for tech stocks that saw the biggest spike last week.

As Bloomberg notes, amid Friday's Fang-nado, the CBOE NDX Volatility Index soared 40%, the most since the stock rout of January 2016, reaching its highest level relative to the (S&P) VIX since the aftermath of the dot-com bubble burst.

With tech shares including Apple Inc., Nvidia Corp. and Applied Materials Inc. down in early New York trading, and volatility soaring in many individual tech stocks...

The day after Trump pulled out of the Paris Climate Accord, stocks are set for new all time highs with S&P futures up 0.2%, boosted by green markets across Europe and Asia, where the Nikkei rose above 20,000 for the first time since 2015. World stocks are set for new record highs, having already gained 11% so far this year, ahead of today's US nonfarm payrolls which are expected to increase by 185,000 jobs after surging 211,000 in April.

Authored by Goldbroker.com's Helder Mello Guimares via Acting-Man.com,

Chugging along in Nosebleed Territory

Last Friday, both the S&P 500 and the Nasdaq composite indexes closed at record highs in the US, with the Dow Jones Industrial Average only a whisker away from its peak set in March. What has often been called the “most hated bull market in history” thus far continues  to chug along in defiance of its detractors.