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(1) Did Bitcoin, Rather Than Softbank, Lead The US Stock Sell-off? (1 min read) Bitcoin declined sharply ahead of last week’s collapse in tech stocks. I argue that as Bitcoin reflects the ‘new tech economy’ watching its price moves could be important for trading tech stocks.
(Bilal Hafeez│ 7th September, 2020)
(2) Will Good News In The August Labour Report Lead To More Bad News? (5 min read) Friday’s US labour market data contained several positives with reopening resulting in a significant number of workers recalled while permanent layoffs remained constant. But, as John Tierney argues, this could reduce the urgency for Congress to agree another stimulus package and slow the broader recovery.
(John Tierney│ 7th September, 2020)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)