Month: May 2021

Watchlist: 5/14 Dogecoin and Elon Musk

Market Notes: The promotion is continuing as Elon Musk declares that he is pro-crypto but doesn’t want to increase the burning of fossil fuels, especially coal. He called developments with DOGE “promising” and finished tweeting with a note image containing two words, “don’t panic.” This morning DOGE is back above $0.50 and bitcoin is hovering …

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Watchlist: 5/5 Yellen Gives Reason to Sell in May

Market Notes: US Treasury secretary Janet Yellen suggested interest rates would need to rise in order to keep the economic boom in check. She was offering a vote of confidence to the recovery, but apparently, everyone wanted a reason to sell. May traditionally marks the beginning of the worst six months, the sell-off was relatively …

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