Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
IN THE NEWS
It seems there’s a new tariff being threatened or applied on a weekly basis. For investors who need a recap of the trade turmoil, here’s a 2018 tariff timeline: Link
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On Wall Street, the month of July has a reputation for low market volume and a lack of big news headlines: Link
For years, David Einhorn’s investors didn’t seem to mind his unusual ways—the aloofness toward clients, midday naps, unpopular stock picks, late nights on the town. Until the billionaire hedge-fund manager fell into a slump: Link $
Friday is the date when the world’s two largest economies are due to slide deeper into a trade conflict that’s roiled markets and cast a shadow over the global growth outlook: Link $
A ship carrying U.S. soybeans is steaming toward northern China in a race to beat a 25 percent tariff: Link $
ECONOMIC DATA
- USA ADP Employment Change for Jun 177.0K vs 190.0K Est; Prior 178.0K
- US Initial Jobless Claims for Jun 30 231.0K vs 231.0K Est; Prior 227.0K. Continuing Claims for Jun 23 1.74M vs 1.72M Est; Prior 1.71M
- US Services Purchasing Managers' Index for June is schedule for release at 9:45 a.m. ET.
- The ISM non-manufacturing index for June will be released at 10:00 a.m. ET.
- The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
- The Federal Open Market Committee will issue minutes of its meeting at 2:00 p.m. ET.
- Data on money supply for the latest week will be released at 4:30 p.m. ET.
ANALYST RATINGS
- KeyBanc upgrades Qorvo (NASDAQ:QRVO) from Neutral to Buy
- Credit Suisse upgrades Brookfield Infrastructure (NYSE:BIP) from Neutral to Outperform
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.