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Market is a bad inflation report away from correction: Jeremy Siegel

Jeremy Siegel is a long-term market bull and expects a major pullback, but it’s not tied to Covid-19 surge dangers. He urged for a radical change in Federal Reserve policy to combat hot inflation. “If the Fed becomes suddenly more tough, I don’t think the market will be prepared for a U turn that would […]

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Bitcoin bull Mark Yusko sees trouble at $60,000, says it’s overbought

Pullback Watch: A Bitcoin bull. Mark Yusko, a manager of a hedge fund believes that investors will reap the benefits from the sharp rise in cryptocurrency over the past few weeks. Many people believe we can hit $100,000 this year. Morgan Creek Capital Management’s CEO and CIO stated that stock should flow.Trading Nation” Friday. A […]

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Why a top currency strategist decided now is the time to sell the dollar

The bank at Westminster, Colorado counts U.S. dollar. Rick Wilking | Reuters Jens Nordvig, a top currency strategist said that he had sold his long dollar positions and was looking to find opportunities to shorten it, especially against emerging markets currencies.

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What is inflation, and why does it happen?

The prices for goods and services around the world are constantly rising, which is an economic phenomenon called inflation.   Although most countries welcome some level of inflation it is not a good idea for any economy. However, excessive increases or decreases in prices could be harmful.  Joumanna Bercetche, CNBC’s anchor, said that economists now believe […]