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Bitcoin Diverges From Stocks, Losing Out to AI Rally
The Wall Street Journal75d agobullish
Bitcoin Diverges From Stocks, Losing Out to AI Rally

Has bitcoin lost its status as investors' bright shiny object? Since May 11, the cryptocurrency has fallen more than 10%, while the Nasdaq Composite has climbed 2.7% to hit a series of records. That’s a divergence from historical patterns, in which bitcoin and stocks have largely moved in line with each other.

Goldman Says Hedge Funds Buy Stocks at Fastest Pace in 6 Months
Bloomberg75d agobullish
Goldman Says Hedge Funds Buy Stocks at Fastest Pace in 6 Months

(Bloomberg) -- Hedge funds purchased US equities at the fastest pace in six months last week, as the S&P 500 Index extended its historic winning streak, according to Goldman Sachs Group Inc.’s prime brokerage desk.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedBerkshire Hathaway to Buy Taylor Morrison for $6.8 BillionStrait of Hormuz Ship Transits Are Rising Thanks to US HelpA Rare ‘Super’ El Niño Is Looking More Likely. Here’s What to ExpectAmericans Injur

Maybe investors can wait to buy SpaceX after IPO: Lee Munson
Yahoo Finance Video85d agobullishVIDEO
Maybe investors can wait to buy SpaceX after IPO: Lee Munson

Elon Musk's private space operator, SpaceX (SPAX.PVT), released its S-1 filing this week as it plans to go public via IPO in June. The Wall Street Journal has reported that AI developer OpenAI (OPAI.PVT) is preparing to file for its own mega-IPO. As investors anticipate this mega-IPO, should they be equally cautious as they are bullish on these companies ? Portfolio Wealth Advisors president and CIO Lee Munson, Yahoo Finance Markets and Data Editor Jared Blikre, and Senior Business Reporter Ines Ferré weigh in on the wave of upcoming IPOs.