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Halftime Report
Stocks Hit New Highs after Jobs Report 7/5/24
Jul 5, 2024
Experienced portfolio manager Jenny Harrington and financial markets expert Bill Baruch discuss making portfolio moves. They delve into stock market highs led by tech giants, rate cut speculations, dividend strategies, Amazon's growth under Jassy, energy sector investments, and banking industry warnings. Topics also include investment opportunities, stock analysis, and market trends.
44:13
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Quick takeaways
- Bitcoin faces short-term setback due to Mt. Gox repayments, but positive outlook remains for second half of the year.
- Financial advisors increasingly open to including Bitcoin in portfolios, signaling broader investor participation in cryptocurrencies.
Deep dives
Bitcoin's Weekend Drop and Mt. Gox Repayments Impacting Market
Bitcoin experienced its worst weekend drop in over a year, primarily driven by the trustee of the now-defunct Mt. Gox exchange beginning repayments to creditors after a 10-year-old hack. This move caused a drop below the 200-day moving average of $57,000. Despite this short-term setback, Bitcoin still holds a 30% year-to-date gain, and the demand for ETFs continues. Experts believe this event should pave the way for a rebound in the second half of the year.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode