This Oddball Pattern Suggests the Stock Market Is Headed Higher

An interesting stock market pattern suggests the market will be moving higher, but it doesn’t tell the entire story. | Source: AP Photo/Richard Drew By CCN Markets: The S&P 500 is showing an intriguing pattern of behavior. May 30 was the ninth consecutive day that the stock market index closed above the 200-day moving average but …

Why the Inverted Yield Curve Failed to Boost Bitcoin’s Price

Wednesday’s yield curve inversion should have been bullish for bitcoin since it’s a major recession indicator, but the BTC price fell. Market observers explain why. | Source: Shutterstock By CCN Markets: The inverted yield curve on Wednesday should have been a catalyst in moving the bitcoin price higher. That’s because it signaled a recession, which …

S&P 500 Stock Market Bear Mark Yusko Forecasts Double-Digit Downturn

By CCN: Morgan Creek Capital CEO Mark Yusko doesn’t think we’re headed for a bear market. He says we’ve been in a bear market since last September. Furthermore, Yusko forecasts the stock market will be down double digits for 2019 by year’s end. Really enjoyed this session w/ #TheJudge @ScottWapnerCNBC and the Investment Committee on …

Bullish Hedge Funds Speculate on US Stock Market with an Insane Bet

By CCN: The number of U.S. hedge funds betting on more stock market volatility has reached lows not seen in months. Hedge funds and other investors speculate on volatility by purchasing Volatility Index options (VIX) from the Chicago Board Options Exchange (CBOE). Ironically the Volatility Index is looking pretty volatile itself. VIX flew up the …