This little-talked about correlation suggests bitcoin may end year ‘explosively higher’: Tom Lee

August 25, 2018@4:07 PM TFP Editor 0

If you’re trying to figure out when bitcoin’s slump will end, you may want to look at the emerging markets. According to Fundstrat Global Advisors’ Thomas Lee, there’s an important correlation budding between emerging markets and bitcoin, the most dominant coin in the cryptocurrency space.” “Both really essentially peaked early this year, and they both have been in a downward trend,” the firm’s head of research said Friday on CNBC’s “Trading Nation.” “Until emerging markets begin to turn, I think in some ways that correlation [Read More]

This little-talked about correlation suggests bitcoin may end year ‘explosively higher’

August 25, 2018@4:07 PM TFP Editor 0

If you’re trying to figure out when bitcoin’s slump will end, you may want to look at the emerging markets. According to Fundstrat Global Advisors’ Thomas Lee, there’s an important correlation budding between emerging markets and bitcoin, the most dominant coin in the cryptocurrency space.” “Both really essentially peaked early this year, and they both have been in a downward trend,” the firm’s head of research said Friday on CNBC’s “Trading Nation.” “Until emerging markets begin to turn, I think in some ways that correlation [Read More]

Trump says Mexico trade deal near; NAFTA hurdles seen easing

August 25, 2018@3:52 PM TFP Editor 0

President Donald Trump said on Saturday that the United States could reach a “big Trade Agreement” with Mexico soon as the incoming Mexican trade negotiator signaled possible solutions to NAFTA energy rules and a contentious U.S. “sunset clause” demand. Read on Reuters

The longest bull then and now: How financial conditions have changed

August 25, 2018@3:00 PM TFP Editor 0

A lot of financial conditions have changed since the longest bull market on record began, but the benchmark interest rate used to determine mortgage rates is virtually unchanged. The U.S. 10-year Treasury note yield closed at 2.844 percent on Tuesday. On March 9, 2009, the day the stock bull market began, the 10-year closed at 2.864 percent. But while the benchmark rate is at about the same level it was following the financial crisis, monetary policy conditions are drastically different, said Peter Boockvar, chief investment [Read More]

Your credit score may have just gone up. Here’s why.

August 25, 2018@10:00 AM TFP Editor 0

Your credit report might be getting a makeover. And the three-digit credit score we all carry around, which can determine how likely we are to get a favorable loan to buy a house or a car, could be moving up as a result. The reason behind the potential boost is a change in the way the three major credit rating firms deal with negative credit information, including unpaid bills and debts. Some of new practices by Equifax, Experian and TransUnion include more updated reporting, such [Read More]