-->

Tech Giants Report — Then A Rest

Post a Comment
 
   
     
   
 
JULY 25 2023
 
   
GUY COHEN’S TRADE RADAR
Six Of The Big Seven Tech Giants Still To Report…
 
 
 

As mentioned last week, the likely scenario for this bull run is that the giant techs need to report their earnings before this market can take a proper rest.

Interestingly, they pretty much all dropped last week — perhaps in sympathy with Tesla’s earnings reaction — with only Nvidia not quite puncturing its 20-dma.

With six of the big seven tech giants still to report, there’s scope for surprises and one final push up.

 
Follow the money,

— Guy Cohen
JEFFRY TURNMIRE
Major Institutions Welcome Bitcoin In From The Cold
 

Well, folks, we're witnessing something big happening in the financial world. It's like the ground is shifting, and the spotlight is shining right on Bitcoin.

This digital currency, once shunned by mainstream financial institutions as an outsider, is stepping into the mainstream like never before. And let me tell you, it's catching the attention of those very same heavy hitters that once shunned it.

You see, Bitcoin used to be this wild, wild west of finance, and only a few daredevils dared to venture into its territory. Tech hobbyists, early adopters and uber nerds.

But things have begun to change, and Bitcoin is getting more and more attention from the big guns.

First, we got BlackRock, one of the big shots in the investment world, filing for a Bitcoin ETF. Now, I know ETFs might sound like some fancy financial term, but what it means is that regular folks like you and me can get in on the Bitcoin action without having to go full techno-geek.

It’s still not ready for primetime, but the fact that they’ve filed is huge. Especially when you consider the headline on the left below was less than 6 years ago.

 
 
But wait, there's more! Over in Germany, Deutsche Bank, a real heavyweight in banking, is sniffing around the idea of offering a crypto custody service. That's like taking care of your digital coins and keeping them safe and sound.

And guess what? Credit Agricole, one of Europe's giants in banking, is making a move too. They're offering custody solutions for digital assets like Bitcoin. It's like they're rolling out the red carpet for this once-outcast digital currency.

Now, hold onto your hats, 'cause it's not just the big banks taking notice. Oh no, we got some real heavy artillery entering the scene.

Citadel Securities, Fidelity, and Charles Schwab are teaming up to launch a crypto exchange called EDX. It's like a bridge between the old school finance world and the new crypto frontier. They're giving us a secure and easy way to trade cryptocurrencies without all the fuss.

And that's not all…  Rumor has it that Fidelity, one of the giants in asset management, might just be looking to buy Grayscale, the largest Bitcoin trust out there. Grayscale has been giving regular folks like us access to Bitcoin without all the crazy tech stuff. If Fidelity gets their hands on it, well, it's going to  be a game-changer.

So, what's the bottom line here?

Bitcoin ain't just a digital curiosity anymore.

It's becoming a real contender in the world of finance, and the big players are taking notice. Like the changing of the seasons — if you know where to look —  it’s easy to see where this is headed.

For us regular investors, it's a signal that the time is right to explore this new frontier. The world of finance is changing, and Bitcoin is leading the way into the future.

If you’ve shied away from Bitcoin before because it was too complicated or required special accounts or crypto wallets, I want to share something with you.

I’ve developed a way to capture all of Bitcoin’s price movements — right inside a regular brokerage account.

No special wallets required, no new accounts. If you can trade regular stocks and options, you already have what you need to ride the Bitcoin wave.

I’m going live later this week to share all the details and you can click here to save your spot to join me.

— Jeffry Turnmire
   
 

Related Posts

There is no other posts in this category.

Post a Comment

Subscribe Our Newsletter