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One Chart Reveals Bullish Setup for Semis Stocks Against Broader Tech Sector: Oppenheimer

Ari Wald, head of technical analysis at Oppenheimer, on Monday reiterated his optimism for the semis. We re bullish on the semiconductor industry, he told CNBC s Trading Nation. The reason why is that the industry is correcting from a position of strength – specifically, the semiconductor SOX index is coming off a new high relative to the tech sector in April. Looking ahead, we d be much more concerned if a new price high was undermined by a lower relative high versus the sector. That would indicate that leadership is shifting away from this high beta, cyclical part of the sector. That is not the case, he said.

One Chart Reveals Bullish Setup for Semis Stocks Against Broader Tech Sector: Oppenheimer

One Chart Reveals Bullish Setup for Semis Stocks Against Broader Tech Sector: Oppenheimer
nbcmiami.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcmiami.com Daily Mail and Mail on Sunday newspapers.

China s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst – News Bitcoin News

China s Absolute Control Over Digital Yuan Will Boost Demand for Cryptocurrencies, Says Analyst China’s push for the digital yuan will boost demand for cryptocurrencies, according to an analyst at BK Asset Management, citing that the Chinese government wants “absolute power” over the wealth and income of its citizens. Digital Yuan Push Could Raise Demand for Crypto Boris Schlossberg, managing director of FX Strategy for BK Asset Management, said in a note last week that China’s absolute control over its central bank digital currency (CBDC) will drive more demand for cryptocurrency, CNBC reported Friday. Schlossberg has more than 20 years of financial market experience, according to the asset management firm’s website which further states that the is “widely known as a leading foreign exchange expert.”

Can China really ban bitcoin?

Chinese regulators have tightened the restrictions that ban companies from providing cryptocurrency services. The new rules expanded the scope of prohibited services China has banned financial institutions as well as payment companies from providing services that are related to cryptocurrency transactions. The government even went so far as to warn investors against speculative crypto trading.  This is yet another attempt from China to stop the digital trading market, and under the ban, institutions must not offer any services that involve cryptocurrencies, and this includes the registration, trading, clearing, and settlement. The consequences of the ‘ban’ Are you looking for fast-news, hot-tips and market analysis?

FAANG-Aktien unter Druck: Welcher Tech-Titel sich jetzt noch lohnt

FAANG-Aktien unter Druck: Welcher Tech-Titel sich jetzt noch lohnt
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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