By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: US Market Sentiment is Committed to the Northside
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Politics > President Trump > US Market Sentiment is Committed to the Northside
Paul Ebeling

US Market Sentiment is Committed to the Northside

Paul Ebeling
Last updated: December 8, 2021 10:55 pm
Paul Ebeling
Share
6 Min Read
SHARE

#stocks #market #sentiment #commodities #memes #cryptocurrencies #economy #politics

$DIA $SPY $QQQ $RUT $VXX $GLD $USO $USD $DXY $AMC $PSFE $BKKT $BTCUSD $KNIGHTSUSD

“The CBOE Volatility Index dropped to 19.90, -1.99, -9.1%, as the continued resiliency in the market staved off hedging interest” — Paul Ebeling

US stock market extends rally to a 3rd day running

DJIA +35.32 at 35754.75, NAS Comp +100.07 at 15786.98, S&P 500 +14.46 at 4701.21

The S&P 500 gained 0.3% and came up just short of a closing record high, while the NAS Comp (+0.6%) and Russell 2000 (+0.8%) outperformed. The DJIA lagged increasing just 0.1%. 

  • S&P 500 +25.2% YTD
  • NAS Comp +22.5% YTD
  • DJIA +16.8% YTD
  • Russell 2000 +15.0% YTD

Key Commodities

WTI Crude Oil futures settled higher by 0.7%, or $0.48, at $72.43/bbl, Gold futures settled less than $1 higher (+0.1%) at $1,785.50/oz, and the US Dollar Index sliped about -0.5% to $95.90.

The Memes

The leading gainer among stocks on our meme stock watch list is  Bakkt Holdings Inc. (NYSE:BKKT), a platform for buying, selling and holding digital assets. Since its initial public offering in an October SPAC merger, the stock has soared to a gain of around 320%, before dropping back to a post-IPO gain of around 44%. Shares traded up Wednesday at 17.40, or 29.75% on no specific news

Paysafe Ltd. (NYSE:PSFE), a payment network based in Bermuda. After reporting Quarterly earnings in mid-November, Paysafe shares dived more than 42% in a single day. The stock bounced higher by more than 17% Wednesday morning, following the company’s announcement that its CEO bought about $1-M worth of the company’s stock on the open market Monday. PSFE closed Wednesday at 4.28 or +17.58%.

AMC Entertainment Holdings Inc. (NYSE:AMC) traded up 4.22% on no specific news. Given the big fall in the share price over the past month, -20%, another run at short sellers may be sending the stock higher. According to Fintel data, about 17% of AMC’s total float is sold short, and it takes nearly 2 days to cover the shorted total of around 87.5-M shares.

Cryptocurrencies

The CEO’s of 6 major cryptocurrency companies made their Washington debut Wednesday, broadly embracing regulation amid explosive growth in digital currencies.

Testifying before the House Financial Services Committee for nearly five hours, executives from Coinbase, Circle, FTX, Bitfury, Paxos, and Stellar Development Foundation fielded questions from lawmakers on understanding the crypto space, ransomware, how to protect investors against losses and fraud, and providing services for the unbanked.

Amid the questioning, many of the executives voiced support for a new regulatory framework, rather than using existing banking laws to regulate the crypto space.

“The solution is not to shoehorn digital asset operations into a regulatory system designed for earlier generations of financial assets,” Paxos CEO Charles Cascarilla told lawmakers.

Brian Brooks, former Comptroller of the Currency under President Trump (45) who now serves as CEO of Bitcoin mining firm Bitfury Group, questioned what he called hypocrisy within the regulatory system.

“Is it consistent to take the position that only banks should be allowed to issue stablecoins, but then fail to grant bank charters to the largest issuers of stablecoins?” Mr. Brooks pointed out.

“Does it make sense to bring enforcement actions challenging certain crypto assets as unregistered securities, but then fail to allow those assets to be registered and trade on a national securities exchange?” he asked.

Stablecoins and internet-native capital markets are now too big to ignore.

Meanwhile, KNIGHTS is eyeing $800 on its march to $1,000.

The US Economy

  • Job openings increased to 11.033 million in October from a revised 10.602-M in September.
  • The weekly MBA Mortgage Applications Index increased 2.0% following a 7.2% decline in the prior wk.
  • Wkly Crude Oil inventories decreased by 240,000 bbls after decreasing by 910,000 bbls during the previous wk.

Looking Ahead: Investors will receive the wkly Initial and Continuing Claims report and Wholesale Inventories for October Thursday.

Politics

As Russian forces mass along Ukraine’s border and the United States shows no sign it will do anything beyond diplomatically trying to forestall a conflict, the crisis exposes not only the feeble framework of the Y 1994 deal that bargained away Ukraine’s nukes for temporary peace, but also Russian President Vladimir Putin’s assessment that he can take advantage of a weak Biden administration.

Sunday marked the 27th anni of the signing of the Budapest Memorandum, an agreement inked in December 1994 by Ukraine, Russia, the US, and the UK in which Ukraine agreed to give up its nuclear arsenal, which was the third largest in the world at the time, in exchange for sovereignty and security. The signatories of the pact also promised not to act hostile toward Ukraine. All those guarantees are now being broken or challenged by Russia.

Have a prosperous day, Keep the Faith!

You Might Also Like

KXCO Chain: A Scam-Free Blockchain Ecosystem

China’s Economic Resilience

Boeing and Qatar Airways $BA Update

Bitcoin’s Quiet Surge $BTC

Elon Musk’s Latest Move Buy $TSLA

TAGGED:BidenBitcoincommoditiescryptocurrenciecryptocurrencieseconomyKnightsmarketmemespoliticsRussRussiasentimentstablecoinsstocksTrumpUkraine

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   
Previous Article American’s Will Splurge on Christmas Holiday Shopping, Consumer Spending Powers Growth
Next Article Stablecoins, the Future of Money


Latest News

Knightsbridge Digital Asset: Expanding Use Cases in a Dynamic Financial Ecosystem
AI Artificial Intelligence Bitcoin Blockchain Blockchain for Government BRICS Carbon Credits cefi Crypto DeFI Featured Headline News KNIGHTS Knightsbridge KXCO Must Read Opinion Shayne Heffernan Shayne Heffernan Web3 XT May 21, 2025
Qatar’s Innovation Alliance to Boost AI and Semiconductor Ecosystems
AI Artificial Intelligence Generative AI Headline News Opinion Shayne Heffernan Shayne Heffernan May 21, 2025
Saudi Arabia Bolsters Defense Manufacturing with BAE Systems Arabian Industries
Headline News Middle East Middle East Most Popular Politics Saudi Arabia Shayne Heffernan May 21, 2025
Bombardier’s Global 8000
Headline News Living Luxury Must Read Opinion Shayne Heffernan Shayne Heffernan May 21, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?