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.
Jason O'Donnell was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.
Bluestone Financial Institutions Fund Chief Investment Officer Jason O'Donnell talked about Friday’s jobs report on the show.
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O'Donnell thought that the jobs report, overall, was good for banks with expectation that interest rate hikes would be seen in 2015.
The Fed Funds rate would likely move higher by 50 basis points in the fourth quarter of 2015, according to O'Donnell, as a base case scenario.
The small- and mid-cap banks were “highly levered to interest rate increases,” O'Donnell said, which would mean “very good things for earnings growth” as rates increase.
SPDR KBW Regional Banking (ETF) (NYSE: KRE) recently traded at $41.51, up 0.65 percent.
Listen to the show 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.