Rally

Alibaba Shares Rally As Jack Ma Resurfaces After 3-Month Absence

Alibaba’s US-traded ADRs are rising in premarket trade on Wednesday after co-founder and chairman Jack Ma, one of the richest men in China, finally resurfaced after months of radio silence that sparked speculation about whether he had been “detained” by CCP authorities. ADRs were up 7.7% to $271 at 0411ET, while Alibaba’s Hong Kong-traded shares…

Setting The Stage For Bitcoin's Rally Above $100,000: Unexpectedly Low Volatility

As Bloomberg markets live editor Jeffrey Chaffa writes, “never in Bitcoin history has volatility been lower during a similar price rally” which he thinks sets the stage for a more orderly rally for the cryptocurrency, one which could push it to 6-digits: “we see signs of a multi-factor rise toward $100,000 in 2021 if past…

Proud Boys Leader Arrested In Washington Ahead Of Wednesday Protest Rally

The leader of the Proud Boys, the group that has vocally supported President Trump’s efforts to overturn the election results, was arrested on Monday on charges of destruction of property after he arrived in Washington to protest the congressional certification of the election later this week, the NYT and WaPo reported. The chairman of the…

Gold – The Other Santa Claus Rally

By now, most Robinhodlers are likely aware of the US equity market’s “Santa Claus Rally” – specifically what happens over the last five trading days of the year and the first two of the next. Coined by Yale Hirsch, founder of the Stock Trader’s Almanac, there isn’t a single seven-day combo out of the full year…

Despite Tech Tumble; Stocks, Bonds, Gold, & The Dollar Rally On Election Eve

As Asia closed and Europe opened, US equity futures were panic bid up 400-plus Dow points overnight, clung to gains into the US cash open when Nasdaq was dumped and Small Caps pumped along with The Dow. Last minute buying panics ramped Nasdaq barely into the green… Weakness in Nasdaq was driven by the mega-tech…