What I am looking at June 14, 2022 As hedge fund legend David Tepper used to always tell me in bad markets: “It is not yet time to make money, it’s the time not to lose money.” This is how we’re approaching the market this week heading into the Fed decision on Wednesday. Oversold position in the market is the worst in a while at minus 6.8 on the S & P 500 Short Range Oscillator, which indicates a time to buy ( anything above minus 5 is time to buy ). This is a level we’ve bounced off — 3,930 bounced to 4,178 when the Oscillator was at minus 6.5. Coinbase (COIN) said Tuesday it will lay off 18% of its workforce as executives prepare for “crypto winter.” Prior to the announcement, JPMorgan downgraded COIN to neutral from buy ... needs to cut expenses, ramped up too much too quickly. Oracle (ORCL) was terrific on its latest quarter, reporting beats on revenue and earnings. Best growth in a decade. A reminder that Salesforce (CRM) had the same kind of performance. Oracle management...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...