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Yolowire Releases

Thu, May 16th, 2024
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Bitcoin Rises On Hopes For Lower Interest Rates

The price of %Bitcoin (CRYPTO: $BTC) has risen 8% in the last 24 hours to trade at $66,000 U.S. as anticipation grows for the U.S. Federal Reserve to begin cutting interest rates this September.

^BTCUSD : 65,326.55 (+0.11%)
^BTCUSDT : 65,399.80 (+0.26%)
^RISEBTC : 0.000058 (-23.68%)
Rally In Gold, Silver And Platinum Forecast To Continue

Strategists at Saxo Bank say the current rally in %Gold, silver and platinum is likely to continue with prices hitting record highs in coming months.

Pepe Coin Hits All-Time High As Meme Rally Continues

%Pepe coin (CRYPTO: $PEPE) has reached an all-time high and achieved a $5 billion U.S. market capitalization as the rally in both meme stocks and meme coins continues.

COIN : 199.17 (-9.43%)
^ETHUSD : 2,946.742 (+0.30%)
^ETHUSDT : 2,945.905 (+0.23%)
^ETHBTC : 0.045068 (+0.12%)
Hedge Funds Dump Oil Stocks And Options As Demand Weakens

Hedge funds are selling %Oil stocks and options contracts at the fastest pace in a year on signs that global demand for crude is weakening, and as the war risk premium that had elevated prices in recent...

Memecoins Skyrocket As Frenzy Grips Market

Prices of %Memecoins are skyrocketing as investors reignite the meme stock frenzy that gripped markets back in 2021.

GME : 27.67 (-30.04%)
AMC : 4.64 (-15.33%)
Copper Prices Reach Two-Year High

%Copper prices have hit their highest level in two years after rising nearly 30% in the past three months.

KITTY Token Surges 8,000% As Keith Gill Returns To Social Media

The %RoaringKitty (CRYPTO: $KITTY) %Cryptocurrency, a Solana-based meme token, has seen its price rise more than 8,000% after Keith Gill began posting on social media again.

GME : 27.67 (-30.04%)
Platinum’s Price Expected To Rally As Supply Deficit Worsens

Commodities traders are expecting the price of %Platinum to rally after the World Platinum Investment Council forecast that global supplies of the industrial metal will remain in deficit.

Dogecoin On Cusp Of Forming Bullish ‘Golden Cross’

%Dogecoin (CRYPTO: $DOGE), the world's biggest meme cryptocurrency, is on the cusp of forming a “golden cross,” a bullish technical pattern that could indicate a coming price surge.

TSLA : 174.84 (+0.49%)
^DOGEUSD : 0.150450 (+0.54%)
^DOGEBTC : 0.0000023 (unch)
Gold Rebounds On Hopes For U.S. Interest Rate Cuts

The price of %Gold is rising and on track for its best week in more than a month as weak U.S. employment data revives hopes that the U.S. Federal Reserve will cut interest rates this year.

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JP Morgan Insider Trading Alert 🚨 Executive Marianne Lake sold 11,734 $JPM shares for a total value of $2.34 million https://t.co/kmOj5xYvpJ https://t.co/KxHY1SiMtX
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Bears this week 😂 https://t.co/zSffCCdQIT
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A look at hyperinflation in Zimbabwe - 100 Trillion Banknote 👀 https://t.co/dai9aJa6Xk
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Chinese Stocks with an imminent Golden Cross formation https://t.co/xERTcA9zXg
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Stanley Druckenmiller loaded up on Small Caps in the first quarter by buying 31,579 $IWM call options for a total stock notional value of approximately $664 million according to CNBC. (This appears to be assuming 100 Delta Calls but strike and expiry are unknown). https://t.co/jHaceaWXjz
Barchart
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80% of S&P 500 $SPX stocks are now trading above their 200D moving average, closing in on the highest level since September 2021 https://t.co/f9uzviuTch
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Fun Fact 🚨: Goldman Sachs $GS, NOT tech stocks like $AAPL $AMZN $MSFT, is the biggest point contributor to the Dow Jones Industrials since the index hit 30,000 https://t.co/tEg17Sjncq https://t.co/hjNUCYgYYZ
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JUST IN 🚨: U.S. Senate votes to overturn the SEC's Crypto Accounting Rule preventing highly regulated firms from owning Bitcoin $BTC and other crypto. This was a bipartisan vote 60-38 and now waits President Biden's decision on whether to veto. https://t.co/3bj2tJ8x7t
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BMO raises S&P 500 $SPX year-end target to 5,600 which is now the highest on Wall Street https://t.co/YvfJgw49Wb
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Chart of the Day

The Chart of the Day belongs to financial service company The Goldman Sachs Group (GS). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the...
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