Luce Emerson is a former sell-side banker with a broad range of capital markets experience. She continues to follow markets closely, with a particular focus on retail, financials and entertainment.
Bitcoin may be the topic de jour for hedge funds looking for high return, short duration trade ideas, but perhaps not for that much longer. Admittedly, the price chart alone is enough to get investors and non-investors alike taking a closer look. Just looking is fine, though touching could prove disastrous.
Post-third quarter earnings alone, AMZN share price has jumped 12%, an almost vertical ascent, and a support level seems to have established itself around the $1100 per share mark. That brings the YTD performance for the Jeff Bezos’s behemoth to 47%.