https://www.howestreet.com/2024/12/what-could-bitcoins-short-term-high-be-mark-leibovit/

NEXT PODCAST THURSDAY EVENING

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

Stocks moved mostly higher during trading on Wednesday, rebounding strongly following the pullback seen to start the week. The tech-heavy Nasdaq showed a particularly strong upward move, closing above 20,000 for the first time.

The Nasdaq surged 347.65 points or 1.8 percent to a new record closing high of 20,034.89, while the S&P 500 climbed 49.28 points or 0.8 percent to 6,084.19.

Meanwhile, the narrower Dow showed a lack of direction over the course of the session before closing down 99.27 points or 0.2 percent at 44,148.56. The blue chip index closed lower for the fifth straight session amid a slump by shares of UnitedHealth (UNH).

The strength in the broader markets came following the […]

https://www.howestreet.com/2024/12/what-could-bitcoins-short-term-high-be-mark-leibovit/

NEXT PODCAST THURSDAY EVENING

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

After failing to sustain an early move to the upside, stocks moved moderately lower over the course of the trading session on Tuesday. The major averages added to the losses posted during Monday’s session, with the Nasdaq and the S&P 500 pulling back further off last Friday’s record closing highs.

The major averages dipped to new lows for the session in the latter part of the trading day. The Dow slid 154.10 points or 0.4 percent to 44,247.83, the Nasdaq fell 49.45 points or 0.3 percent to 19,687.24 and the S&P 500 slipped 17.94 points or 0.3 percent to 6,034.91.

The weakness that emerged on Wall Street came as traders continued to cash […]