Assets

Crypto Assets Top $1 Trillion Market Cap As Novogratz Sees New Stimulus Checks Funding More Bitcoin Buying

Amid the chaotic scenes in DC yesterday, and confirmation that both Democrats won their Georgia Senate seats, cryptocurrency prices have accelerated higher once again, crossing the stunning level of $1 trillion in total market capitalization for the first time in history… Source: CoinMarketCap “The more that people perceive that their assets, particularly their liquid assets…

Russia’s Largest Oil Company Is Spinning Off Key Assets

Submitted by Viktor Katona of Oilprice.com Proverbs tell us a great deal about how a views the same phenomenon. Brits would say that necessity is the mother of invention whilst many Eastern European nations would contend that it is poverty that is the mother of all arts – and both would mean more or less…

On Outrage, Tesla, & The “Hyper-Inflated” State Of Global Financial Assets

Authored by Bill Blain via MorningPorridge.com, “Eureka! The formula for success is letting others do the work, and then take all the credit!” The excellent Saxo “Outrageous Predictions”, and Tesla Does It Again!  Investment managers dread the approach of the Christmas holidays. They get deluged in a ton of turgid year-end outlooks which are unified…

“A Recordbreaking Month”: These Were The Best And Worst Performing Assets In November And YTD

With stocks posting record returns in virtually all global markets, it will come as no surprise that according to Deutsche Bank’s Henry Allen, November was a great month for financial markets as 34 out of the 38 non-currency assets in the bank’s sample rose, which also means that 27 of them are now up on…

A Tale Of Two Markets: Visualizing The Huge Impact Of The Covid Vaccine Across Assets

The story of the market since the March lows has been one of two parts, the first of massive FAAMG/tech/growth/momentum outperformance, and a second one in which value and cyclicals was burst higher; the only question is where does one put the bifurcation point. According to one strategist, Deutsche Bank’s FX strategist Alan Riskin, that…

Spain’s Santander In Talks To Buy Wirecard Bank, Other Assets Out Of Bankruptcy

Even though auditors eventually determined that roughly 2/3rds of Wirecard’s revenue (including practically all of its Asian business) was fraudulent, there are still a few businesses and assets, including Wirecard’s former European banking unit, and its payments software, that have been deemed valuable. And the company’s German bankruptcy trustee has been working to sell these…