IS THERE ANYTHING TO HOLD CRYPTO’S BACK?

https://www.howestreet.com/2025/07/is-there-anything-to-hold-cryptos-back-mark-leibovit/

UPCOMING FED MEETINGS

Upbeat Economic Data Contributes To Record Highs On Wall Street

After moving modestly higher over the course of the previous session, stocks saw further upside during trading on Thursday. With the continued upward move, the Nasdaq and the S&P 500 reached new record closing highs.

The major averages ended the session near their best levels of the day. The Nasdaq advanced 153.78 points or 0.7 percent to 20,884.27, the S&P 500 climbed 33.66 points or 0.5 percent to 6,297.36 and the Dow rose 229.71 points or 0.5 percent to 44,484.49.

The continued strength on Wall Street came following the release of a batch of largely upbeat U.S. economic data, including a Commerce Department report showing retail sales rebounded by much more than expected in the month of June.

The report said retail sales climbed by 0.6 percent in June after slumping by 0.9 percent in May. Economists had expected retail sales to inch up by 0.1 percent.

Excluding a jump in sales by motor vehicle and parts dealers, retail sales still rose by 0.5 percent in June after edging down by 0.2 percent in May. Ex-auto sales were expected to rise by 0.3 percent.

“There has been a lot of talk about tariffs and the stock market back to all-time highs, but there has been less talk about the economy at full employment and a consumer who continues to spend,” said Chris Zaccarelli, Chief Investment Officer for Northlight Asset Management.

He added, “Although valuations are high, as long as the economy continues to expand and unemployment remains low, then people will continue to spend and the flywheel can keep generating higher profits, which is the engine for higher stock prices.

A separate report released by the Labor Department showed first-time claims for U.S. unemployment benefits unexpectedly dipped to a three-month low in the week ended July 12th.

The Labor Department said initial jobless claims fell to 221,000, a decrease of 7,000 from the previous week’s revised level of 228,000.

Economists had expected jobless claims to rise to 235,000 from the 227,000 originally reported for the previous week.

The Labor Department also released another report showing import prices in the U.S. inched up by less than expected in the month of June.

Sector News

Networking stocks turned in some of the market’s best performances on the day, with the NYSE Arca Networking Index surging by 2.0 percent.

Significant strength also emerged among oil service stocks amid a sharp increase by the price of crude oil, driving the Philadelphia Oil Service Index up by 1.7 percent.

Financial, steel and software stocks also showed strong moves to the upside, while pharmaceutical and healthcare stocks came under pressure over the course of the session.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Thursday. Japan’s Nikkei 225 Index advanced by 0.6 percent, while China’s Shanghai Composite Index rose by 0.4 percent.

The major European markets also moved to the upside on the day. While the U.K.’s FTSE 100 Index climbed by 0.5 percent, the French CAC 40 Index and the German DAX Index jumped by 1.3 percent and 1.5 percent, respectively.

In the bond market, treasuries showed a lack of direction over the course of the session before closing roughly flat. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, inched up by less than a basis point to 4.463 percent.

Looking Ahead

Trading on Friday may be impacted by reaction to reports on new residential construction and consumer sentiment and inflation expectations.

On the earnings front, Netflix (NFLX) is among the companies releasing their quarterly results after the close of today’s trading.

 

WHO IS MARK LEIBOVIT?

MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.

Mark’s extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”. He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell’s MoneyTalks.

In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.

He was a ‘Market Maker’ on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms. Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com. He became a member of the Market Technicians Association in 1982.

Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.

His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading. It is now also published in Chinese. Mark has appeared in speaking engagements and seminars in the U.S. and Canada.

Yes, that’s a cartoon of me. Louis Rukeyser had us dressed up in ‘elf’ costumes on the screen broadcast each week. I’ve dated myself. That occurred for me between 1988-1996. Lou didn’t like any bearish comments, so myself and other elves got dumped in 1996.

I APPEARED AS A GUEST PANELIST WITH LOUIS RUKEYSER ONE MONTH BEFORE IN MID-SEPTEMBER 1987

THE MOST HONEST AND THOROUGH MEDIA NEWS OUTLET IN THE U.S.

G EDWARD GRIFFIN

https://www.newsmaxtv.com/

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