A little under a year ago, I announced on Twitter the idea of the Bitcoin Script Project. To say it was well received would be an understatement. Bitcoiners were craving something they could hang onto in the middle of the bear. Glimmers of hope were on the horizon and I intended to magnify those and…
xxz114 Friday (May 3) stocks propelled higher after the Labor Department reported weaker-than-expected job growth last month and easing wage growth, buoying investors’ confidence up the Federal Reserve will eventually lower interest rates. The S&P 500 index ended at 5,128, as reading in Table 1. Table 1. Apr, May (3) 2024: M & T 3/28/2024…
Bitcoin has shown itself among the best-performing assets in the last decade. In 2023, it outperformed the S&P 500, high-yield corporate bonds, and gold, soaring as much as 156 percent in a year. Today, Bitcoin demand is reaching record highs as the approval of new spot Bitcoin ETFs has created a wave of institutional interest….
nielubieklonu Occidental Petroleum (NYSE:OXY) is making strides in positioning itself for strength as a carbon-friendly oil producer as the firm further develops its full-cycle well enhancements through CO2 direct air capture and EOR for well enhancements. As the oil industry faces a flat-to-down oil market for eFY24 paired with easing inflationary pressures relating to production,…
Eric Francis “Who is John Galt?” – the first line of Ayn Rand’s influential cultish novel Atlas Shrugged The 2023 Shareholder Letter accompanying Berkshire Hathaway’s (NYSE:BRK.A)(NYSE:BRK.B) Annual Report needs to be read at least twice. It starts with a thoughtful homage to his close friend Charlie Munger, to whom he gives credit as the architect…
PM Images Heritage Global (NASDAQ:HGBL) is a distressed assets broker in physical and financial assets. I wrote about the company one year ago, with a Hold rating. At the time, I considered the stock price already discounted most positive developments and that the market was prone to disappointments, as one-time earnings from asset sales would…
Satoshi Nakamoto’s earliest collaborator Martii ‘Sirius’ Malmi has released his entire email correspondence with Bitcoin’s creator. Spurred by an ongoing lawsuit in the U.K., the new emails are the most significant addition to the canon of what we know about Bitcoin’s still anonymous creator. Here are the most important new findings. EMAIL #1: SATOSHI’S BITCOIN SCALING…
Leonhard Simon/Getty Images News China EVs are a highly contested investment theme with extremely choppiness, which I believe ultimately ends in upside BYD (OTCPK:BYDDF) (HK-1211) is one of the top relative outperformers in China’s landscape in calendar year 2023, where the majority of technology names capitulated 10-20% losses in another year where the Hang Seng…
I have a feeling that I am going to be writing a lot on this topic in general for the foreseeable future, but the philosophical and existential crisis currently confronting the Bitcoin space over what constitutes “spam” is starting to have massive second order effects and consequences in all of the different Bitcoin communities. I…
Extreme Media/E+ via Getty Images Emergent BioSolutions (NYSE:EBS) is a pharmaceutical supplier primarily to the U.S. government providing anthrax vaccines and other medical countermeasures. They also have an over-the-counter Narcan product for opioid overdose reversal. Lastly, they have a loss-making CDMO business, which did well with Covid vaccine contracts, but now has an oversized cost…
Yossakorn Kaewwannarat Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company (“BDC”) sector from both the bottom-up – highlighting individual news and events – as well as the top-down – providing an overview of the broader market. We also try to add some historical…
Nikada/E+ via Getty Images The free cash flow focused ETF has underperformed the SP500 and selected peers. The strategy selects past FCF growth and does not look forward COWZ risks falling into value traps Summary The Pacer US Cash Cows (BATS:COWZ) strategy is designed to be active and limited to only 100 holdings. It focuses…
Ackman received a green light from the United States SEC with an intent to invest a minimum of $1.5 billion in private companies seeking to go public without following the traditional IPO route. Billionaire Bill Ackman, the Chief Executive Officer for Pershing Square, announced that his newly approved SPARC funding vehicle would absolutely consider a…
This is not the first Chinese government ban on foreign technology. In 2014, the government banned Windows 8 from government computers, citing security risks. China is asking its central government officials not to use Apple iPhones and other foreign-branded devices for work. This was contained in a report by the Wall Street Journal. Before now,…
by Levi at Elliott Wave Trader; produced with Avi Gilburt. The use of financial engineering will typically evoke a wide range of opinions among analysts. However, we’re not going to discuss the viability or rightness of such an approach. Rather, let’s focus on the structure of price on the chart and listen to what it’s…
Introduction Defining Fiat Money Fiat money is tender not backed by a tangible asset or commodity like gold or silver. It’s usually mandated by governments, but this isn’t always the case. The currencies we use for everyday transactions in the modern era are all examples of fiat money, such as the U.S. dollar (USD), the…