Expect a Massive Year-End Rally for U.S. Stocks Expect a Massive Year-End Rally

There’s a good chance that stocks finish 2019 with a powerful rally. Catalysts include positive seasonality, strong market breadth, bearish sentiment, desperate fund managers, and a more dovish FOMC. Fear of recession and a poor outcome to the trade war have led investors to remain on the sidelines; both factors could now become tailwinds. A …

Japan Second-Quarter GDP Revision Sparks Recession Fears – CCN.com

Japan’s economy faces both external and internal risks as latest GDP numbers released. | Source: Shutterstock Japan’s economic expansion cooled more than initially forecast in the second quarter, revised data showed, complicating the government’s planned consumption tax hike later this year. Ironically, the long-delayed sales tax increase is expected to shrink Japan’s GDP output later …

Bakkt Is Finally Taking Bitcoin Deposits, but You Wouldn’t Know It – CCN Markets

Bakkt picked a tough day to begin securing assets, but it’s still been on bitcoin’s highlight reel in 2019. | Source: Shutterstock Bakkt has been hailed as the leading catalyst for the bitcoin market this year, while visions of institutional capital danced in the crypto community’s collective heads. Today the bitcoin futures exchange made one giant …

World’s Largest Hedge Fund Manager Says 25% Chance of Recession – CCN Markets

Famous hedge fund manager Ray Dalio believes the U.S. is only at a 25% risk of recession, but one investment manager disagrees. | Source: AP When Ray Dalio speaks, you should listen. That’s because Ray Dalio’s hedge fund, Bridgewater Associates, has made over $50 billion for his clients. He isn’t just an investor. He’s a …

Hurricane Dorian Relief Effort Enlists an Unlikely Ally: Bitcoin – CCN Markets

The Hurricane Dorian relief effort has teamed up with an unlikely ally in the Bahamas: Bitcoin, along with a helping hand from Coinbase. | Source: Wikimedia Commons (i), AP Photo / Gillian Flaccus (ii). Image Edited by CCN. The Hurricane Dorian relief effort has teamed up with an unlikely ally to help the Bahamas recover …

Fortnite Pro Tfue Tries to Hide Evidence After Saying N-Word – CCN Markets

Fortnite streamer Tfue was caught saying the n-word during a Minecraft stream, before trying to hide the evidence of what happened. | Source: Wikimedia Commons (i), Shutterstock (ii). Image Edited by CCN. Professional Fortnite player and Twitch streamer Tfue got caught saying the n-word during a stream. The streamer scrambled to delete the evidence that …

Are VanEck ‘ETF’ and Bakkt Catalysts to Take Bitcoin to 2019 High Again?

VanEck and SolidX are reportedly selling a “limited version” of a bitcoin ETF after every BTC ETF proposal has been rejected by the SEC. | Source: Shutterstock Primarily targeting institutional investors, VanEck and SolidX are reportedly selling a “limited version” of a bitcoin exchange-traded fund (ETF) after every bitcoin ETF proposal has been rejected by …

Crypto Fever Plummets 14% in Japan Amid Bitcoin Exchange Sweeps – CCN Markets

Interest in cryptocurrencies like bitcoin tumbled 13.9% in Japan in the latest quarter, according to Japan’s financial regulator, the FSA. | Source: Shutterstock Interest in cryptocurrencies like bitcoin tumbled 13.9% in Japan, according to the country’s financial regulator. In data posted Sept. 3, the Financial Services Agency (FSA) says the volume of crypto-related inquiries fell …