Trading Strategies: Bitcoin Is an Ominous Reminder of Market Risk
The experts on our February Trading Strategies roundtable talked about market uncertainty, tech earnings and the Fed's next move. So watch our video to figure out how to trade this month and beyond. Here, our pros talk bitcoin...and how the bloom has clearly come off the rose.
Is the bull market finally topping out? Will Federal Reserve rate hikes kill the U.S. economy? Will President Trump's infrastructure plan come to pass -- and if so, which stocks will benefit?
We discuss all that and more during this month's Trading Strategies Session. TheStreet's Scott Gamm moderated an hour-long panel discussion with our expert panel:
Tony Dwyer, chief investment strategist at Canaccord Genuity;
Kristina Hooper, chief global market strategist at Invesco (IVZ) ;
Jeff Marks, senior portfolio analyst for Action Alerts PLUS, Jim Cramer's charitable trust and club for investors;
Liz Ann Sonders, chief investment strategist of Charles Schwab (SCHW) .
In the video above, listen to Sonder and Dwyer talk bitcoin. While it was once trading at $19,000, it is down to around $9,000.
"The bloom has come off the rose," says Sonders. Listen to our pros talk about hope this cryptocurrency has become great reminder of market risk.
And for more Trading Strategies, subscribe to our YouTube channel here:
Editors' Pick: Originally published on February 6, 2017.
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It is unclear how a 'libra' denominated transaction might be governed in the future and it might require the creation of an entirely new oversight entity.
Despite the trade war with China and the upcoming Fed meeting, it was detachment in the end that likely bogged down trading on Monday.
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