Stock Market Is Booming but UBS Strategist Warns 'Fed Put' Lost Power

By CCN Markets: The stock market is close to record-setting highs, yet one Wall Street strategist says don't believe the Fed hype. UBS Group's head of equity strategy, Francois Trahan, has a warning for investors – the Fed doesn't pack quite the same punch as it used to. According to Trahan cited in CNBC, the "Fed Put" on the stock market, which Haas School of Business at the University of...

Bitcoin's Path to Retake $20,000 Could Be Slow and Painful: Analyst


By CCN: John McAfee continues to trumpet a bitcoin price that will hit $1 million by the end of the decade. He isn't even afraid of betting his manhood on the same. Nonetheless, crypto bears keep coming back to spoil the party. One such doubter is UBS analyst Kevin Dennean. UBS Analyst: Bitcoin Price Faces a Long Road to Recovery According to Forbes, Dennean recently wrote: "We’re struck by how...

Swiss Crypto Market Secures Banking Access: Massive Growth Ahead?

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Guido Buehler, a former UBS executive and the CEO of Seba, the first bank in Switzerland offering both traditional banking and crypto services, has said the crypto community of Switzerland would gain access to stable banking services.
According to Buehler, even for a company like Seba founded by a group of high-profile former bank executives, it was extremely difficult to obtain a banking partner.

UBS CEO Sergio Ermotti Basically Admits Equities Are A Ponzi Scheme

Speaking at a CNBC panel at the World Economic Forum in Davos, Sergio Ermotti, the chief executive officer of Swiss bank UBS said the massive December sell-off was the result of political fears as well as the reality setting in that the Fed is tightening up the money spigots. December losses on the S&P 500, Dow Jones, and NASDAQ made 2018 the worst year for equities since the devastating...

Trade Wars, Brexit & a Weak 2019 Forecast: What's Prompting Asian and European Markets to Decline?

Asia, Europe Stock market

By CCN.com: Asian and European markets opened Tuesday on a weaker note as the International Monetary Fund (IMF) warned about sluggish global growth in 2019. Weak Chinese Market Forecasts The Asian session primarily saw a slowdown in the Chinese economy. At 0625 UTC, the Shanghai Composite index was trading at 2579.669 points, down 1.15% from its open. The blue-chip CSI300 plunged 1.33% to 3143...

UBS Director Blames Trump White House for Dow Jones Sell-Off

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Art Cashin, managing director of trading floor operations for investment firm UBS Financial Services, has firmly blamed United States President Donald Trump for the stock market volatility that caused the recent Dow Jones Industrial Average sell-off. Veteran stock market trader Cashin blamed the latest government shutdown and Trump’s attacks on the Federal Reserve for the Dow Jones sell-off...

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