(GCX20.CMX)
- Yahoo Finance Video
September headwinds, commodities bull market: Top Takeaways
The major indexes (^DJI, ^IXIC, ^GSPC) close September's final trading day in the green as the S&P 500 records its fourth-straight winning month. Yahoo Finance markets and data editor Jared Blikre analyzes the day’s top market movements, including the volatile trading month, headwinds anticipated for equities ahead in September, and signs of an early-stage bull market in commodities. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Ivana Freitas.
- Yahoo Finance Video
Bitcoin is 'gold with wings': Anthony Pompliano explains why
Bitcoin (BTC-USD) has slumped from its height above $73,000, now sitting below $60,000 after four-straight days of losses. Several factors have caused cryptocurrencies to slide with potential turbulence ahead with the US presidential election. Still, bitcoin is up over 114% compared to this time last year, begging the question to crypto investors, could it continue to grow or is another crypto winter ahead? Professional Capital Management Founder and CEO Anthony Pompliano joins Market Domination Overtime to give insight into why he feels bullish on bitcoin. "You can think of bitcoin as gold (GC=F) with wings. It gives you that same downside protection, that same kind of purchase power protection. But it also has the asymmetry of an asset that is compounding over that same time period, at about 62% compound annual growth rate for the last ten years." says Pompliano Pompliano elaborates on why bitcoin ETFs have also been popular: "As we see those financial institutions, those corporations and kind of larger family offices want to allocate to the asset, the ETFs provide a really low cost, liquid way to do that. And so they're going to continue to buy now of course prices go up and down based on buyers and sellers. And so there's more sellers than buyers." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
- Yahoo Finance UK
Pound dips against strong dollar as investors look to rate cut timings
Despite its recent strength, the pound is still below levels seen before the Brexit vote eight years ago.
