If you plan to invest in the Proshares Bitcoin ETF (BITO), you better read this:

Bitcoin on a Computer

The ProShares Bitcoin Strategy exchange-traded fund (stock ticker BITO) launched last week to record-breaking acclaim. It hauled in more than $1 billion of assets in just two days, which is the fastest ascent to the billion dollar mark of any exchange-traded fund (ETF) in history. BITO is turning heads. But it’s getting attention for all […]

The Best November in Decades – Now What?

James Stewart       December 2, 2020 November was the best month in decades for equity markets.  The Dow Jones Industrial Average posted its best monthly return since 1987.  The Dow closed over 30,000 for the 1st time during the month before profit taking set in.  Stocks from companies of all sizes rose with the […]

Why Equity Markets Just Had Their Best Week in Seven Months

November 9th, 2020          Matt Bacon Equity markets rallied last week in a way we haven’t seen since April. The S&P 500, Dow, and NASDAQ indexes were up 7.35%, 7.12%, and 8.98% respectively over just the last five days. Not only is this an incredible run, but it happened during the week […]

What happened to FANMAG last week?

By Matt Bacon, Sept 14, 2020 Volatility returned to equity markets again last week as money fled big tech, which has led the rally almost exclusively since the March lows. This anxiety driver didn’t strike out of the blue; it has its origins in late August when we first started to witness a rotation out […]

Why We’re Not Loading Up on Tesla

By Matt Bacon Aug 19, 2020 Note: Carmichael Hill maintains a position in Tesla Telsa is arguably the hottest stock of the year having climbed nearly 330% in the first eight months alone. Few stocks can match its performance. None can match the hype. Despite this, our Tesla stock prediction is bearish over the long […]