(Posted September 2023) A three-judge panel of the District of Columbia Court of Appeals in Washington, DC ruled recently that U.S Securities and Exchange Commission (SEC) was wrong to reject an application from Grayscale Investments to create a spot bitcoin exchange-traded fund (ETF) which would track its underlying market price, giving investors exposure to the digital asset, without having to buy the currency. The SEC has denied all proposed bitcoin ETFs, including Grayscale’s, on the grounds that they do not meet its bar for preventing market manipulation. Grayscale Investments sued the SEC for rejecting their application, in response to
Category: US Stock Market
Economics, Financial Markets, US Federal Government Oversight, US Fiscal Policy, US Monetary Policy, US Stock Market
Fed’s Good Call today – Thank you for signaling a more data driven, cautious and market-friendly approach
(Published January 30, 2019) We are extremely delighted and relieved, in equal measure, that the Federal Reserve held its key interest rate steady today. “The case for raising rates has weakened somewhat,” Fed Chairman Jerome Powell said at the post FOMC Meeting news conference. He also indicated that a “wait and see attitude with patience is warranted”. “The U.S. economy is in a good place, and the current policy stance is appropriate” he said, but added there’s growing evidence of “crosscurrents,” such as slowing growth in China. “In light of global economic and financial developments and muted inflation pressures, the
US Stock Market correction – Is this specific Geopolitical Event the trigger for this round of Financial Crisis?
Published December 7, 2018 We are now deeply in the middle of serious US Stock Market slide with all indices down viz. Dow, NASDAQ, S&P 500 and the stocks in firm correction territory. Based on where we are, it appears that the Bears have invaded Wall Street and the Bulls are in full retreat. The TV and Financial Press is full of analysts and experts providing various reasons for this correction. The initial cause attributed by experts to this stock market slide may be characterized as a Global Synchronized Slowdown as opposed to Global Synchronized Growth that led to frothy