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8/2/21 - Markets start with optimism, end with red
Despite all 3 indexes gapping up to start the day, after about an hour we saw a downtrend that took us all the way into the red to end the day. Pretty modest losses though in the grand scheme of things.
Not a lot of concrete reasoning why we did see this slump, perhaps due to continued China FUD or the recent announcement that they have had drawbacks in their level of manufacturing, which of course the US relies on heavily.
Bitcoin continues a very modest slide now sitting around $39.2k. Not the end of the world though as it is still sitting in a consolidating stage and holding onto the gains made from late July. Ethereum coming out with a software update designed to alter how transactions are processed, some folks saying it could provide a nice price boost. More info here:
https://www.reuters.com/technology/major-ethereum-upgrade-set-alter-supply-fix-transaction-fees-2021-07-30/
Email feedback:
Would love some feedback on what you think about the show and what we could do better or add more of that you would like to see, drop me a line at [email protected]
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By Derek HutsonDespite all 3 indexes gapping up to start the day, after about an hour we saw a downtrend that took us all the way into the red to end the day. Pretty modest losses though in the grand scheme of things.
Not a lot of concrete reasoning why we did see this slump, perhaps due to continued China FUD or the recent announcement that they have had drawbacks in their level of manufacturing, which of course the US relies on heavily.
Bitcoin continues a very modest slide now sitting around $39.2k. Not the end of the world though as it is still sitting in a consolidating stage and holding onto the gains made from late July. Ethereum coming out with a software update designed to alter how transactions are processed, some folks saying it could provide a nice price boost. More info here:
https://www.reuters.com/technology/major-ethereum-upgrade-set-alter-supply-fix-transaction-fees-2021-07-30/
Email feedback:
Would love some feedback on what you think about the show and what we could do better or add more of that you would like to see, drop me a line at [email protected]