Latest news with #MicheleSchneider
Yahoo
15-07-2025
- Business
- Yahoo
5 reasons why crypto is having another moment
Bitcoin's (BTC-USD) 75% surge from its November lows isn't just another speculative spike. According to Deutsche Bank, the rally is rooted in five converging trends that could push crypto into a more mature, mainstream phase. First, crypto is gaining real political momentum in Washington. The House of Representatives kicked off its 'Crypto Week' on Monday, with three key bills set for a vote: the CLARITY Act, a market framework bill; the GENIUS Act, tied to stablecoin regulation; and the Anti-CBDC Surveillance State Act, which bans the Federal Reserve from issuing a central bank digital currency directly to individuals. The Trump administration has taken a notably pro-crypto stance, creating a Bitcoin Strategic Reserve and Digital Asset Stockpile and a 'crypto task force' at the Securities and Exchange Commission (SEC). Globally, Europe's MiCA legislation is now live, and the UK and China are exploring stablecoin frameworks. The shift is helping legitimize crypto in the eyes of institutions and regulators alike. "Bitcoin will be around $125,000," Michele Schneider, director of trading education and research at MarketGauge, said on Yahoo Finance's Opening Bid. "I wouldn't necessarily get out, but I would certainly be looking at holding it." Read more: How would Trump's strategic bitcoin reserve work? Second, the SEC's approval of spot bitcoin ETFs in early 2024 was a turning point. Since then, investors have poured over $50 billion into bitcoin ETFs, per Deutsche Bank. ETF inflows have bolstered bitcoin's liquidity and brought price stability. The introduction of regulated options trading and April 2024's halving event, which slashed bitcoin issuance by 50%, have further tightened supply, supporting upward price pressure. Moreover, adoption is growing. Some 17% of US retail investors hold bitcoin as of June, according to Deutsche Bank. On the corporate side, 31% of all circulating bitcoin is held by company treasuries. Ripple (RLUSD-USD) and Circle (CRCL) reportedly applied for national bank charters, aiming to expand into traditional US banking. It's not just crypto bulls like MicroStrategy (MSTR) anymore. Consumer companies like meat purveyor Beck & Bulow and Japan's Metaplanet are diversifying their balance sheets with bitcoin to hedge against inflation or dollar risk. Macroeconomic headwinds are also adding fuel to the rally. The dollar index ( is down nearly 10% year to date, and fresh US deficit projections, tied to new tax legislation, have pushed investors toward alternative stores of value like bitcoin and gold (GC=F). Countries from China to the Czech Republic are reassessing their US Treasury holdings. Some, like Ukraine, are even exploring bitcoin as a reserve asset. As confidence in fiat dollars wavers, bitcoin is increasingly viewed as a digital safe haven. Lastly, bitcoin's infrastructure has significantly improved over the past year. The latest core upgrade, combined with broader adoption of Layer 2 tools like the Lightning Network, has enhanced scalability and transaction speeds. At the same time, big institutions like BNY Mellon and State Street (STT) are rolling out more robust custody solutions. That's helping bitcoin gain traction with a broader set of users, and that could be key to unlocking the next wave of institutional adoption, Deutsche Bank noted. As bitcoin's volatility decreases and adoption increases, its "legitimization should continue to lift its performance," the firm added. Francisco Velasquez is a Reporter at Yahoo Finance. You can reach him via LinkedIn and X.
Yahoo
14-07-2025
- Business
- Yahoo
What's behind bitcoin's run toward $125K and what's next
Crypto-related stocks like Coinbase (COIN) are showing signs of strength in a broad crypto rally as bitcoin (BTC-USD) nears $125,000. chief strategist Michele Schneider and Lafayette College chief investment officer Krishna Memani join Opening Bid host Brian Sozzi to weigh in on where crypto could go next and whether institutions are ready to get on board. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. Michelle, I want to start with you because uh really Bitcoin has taken off uh the past week, two weeks, even the past month. Any signs of fatigue that you're seeing in Bitcoin, Ethereum, really, I guess, at all across the landscape of uh crypto assets? Well, I was always looking for a 125 target, so we're we're darn close to that, but that doesn't necessarily mean. Time to raise your target, Michelle. Let's get the new target on Yahoo Finance or 200,000 maybe? Well, I I I tend to be a little bit more conservative in my in my calls for things, although I have been also known to make bold ones. But in terms of Bitcoin right now, 125 is really where I'm looking at. But what I'm really interested right now, believe it or not, besides Ethereum, which has exploded over 3,000 and that's fantastic. I really like Chainlink. It has made a huge move over the last week. It actually was starting to make a move even before Ethereum did. And if you look at a chart, since that's what I do, right now it's sitting right at a 200 day moving average. So I'm talking about l i n k u s d. And if it gets through there, it hasn't been since January. We have a really interesting setup where this thing can go much higher. From a from a from a standpoint of what Chainlink does, it's a bridge between what's on the blockchain and what isn't on the blockchain. It actually brings that access to the blockchain. That is a future growth area anyway in the whole space from a more fundamental standpoint. So yeah, I think uh I don't see fatigue in some of the old coins. Like I said, Bitcoin will see around 125. I wouldn't necessarily get out, but I would certainly be looking at holding at 120 now, somewhere around that 118, 120. Yeah, just seeing Michelle what uh Brian Armstrong, uh Coinbase CEO's working on. I mean, really laying the foundation for a very strong, fundamentally oriented business. Let me just follow up with some of the things you said. What is the better trade? Do you trade some of these altcoins and look, they are very, very risky or do you go into something more, I guess a proven commodity at this point, no pun intended in the Coinbase? Well, that's interesting you use the word commodity because as an old school commodities trader, what's so great about all the old coins and Bitcoin and and of course being the kingpin, Ethereum and Chainlink, Solana, all of it is that they're so highly technical. So they're risky in that they're not investments necessarily, although that could be changing with this mass adoption. All this legislation is just another feather in the cap of mass adoption, especially with stablecoin and now Circle that IPO proved that people are hungry for some kind of an access to like a credit card, so to speak, for Bitcoin without actually owning it. The point is is that if you really can understand how to look at price action, especially on these volume surges and take advantage and look at it more as an active investment, sort of almost a fun way to make extra money, then I think it's a great space and that's one of the reasons why I love about it. Krishna, we hear uh we've heard consistently uh of late institutions are getting into crypto. Institutions are getting into crypto. Well, you are an institution. What are your thoughts, have your thoughts changed on crypto compared to six months ago? So I'll start by saying that I've been wrong on crypto for 15 years. So don't whatever I say please. There's always a chance to be right, Krishna. And today could be that day. Yeah, I know that but I think the point that was made earlier was a really good one. That is, if you're going to be playing in crypto, you have to play it the way the commodities folks play it, which is this is really not an investment still. Despite all the talk that we see here about changing landscape and things like that, this is still not an investment. It is a speculative vehicle. You can make a lot of money as people already have. And and and but it's not an investment. So we are not involved and it's quite unlikely that we'll remain involved. The only place where I see crypto actually making progress is on the stable coin front. But if you look at valuations of something like Circle relative to the potential amount of money that you could make out of stable coins, I'm I'm not so sure it's it's the right metric.
Yahoo
14-07-2025
- Business
- Yahoo
Markets could see a 'good' correction or buying opportunity soon
chief strategist Michele Schneider and Lafayette College chief investment officer Krishna Memani join Opening Bid with Yahoo Finance Executive Editor Brian Sozzi to take a closer look at current market positioning. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. One red flag that Goldman Sachs highlighted over the weekend, narrow market breadth. Uh, break that, uh, what that actually means and is it a red flag to you? Well, what they're referring to is only 63% of the market is over the 200 day moving average. And so we have another to overuse a word that we've seen a lot in the first half of 2025, bifurcation potentially happening. And I think that that could be a concern. Um, but there are certain factors obviously from a technical standpoint we have to watch. And one of them would be how the retail space is doing relative to the semiconductor space because we've seen that spread continue to widen where growth just keeps leading and leading. We had a lot of people think that value was going to be the thing this year and we haven't really seen that take off. So I would look for and I like to use XRT as my indicator because it's discretionary and also uh consumer staples. I'd like to see it stay in the game here at least at around 78, 80 if we're looking at a chart. And if that's the case, then this red flag seasonally, we're a little bit in a weak period end of July, but it shouldn't be anything more than a maybe a good correction and maybe a buy opportunity. Michelle, what sectors are you seeing overbought conditions? Well, one could argue right now that some of the metals that have really rallied tremendously over the course of years, not just this year, might be at a bit of an overbought period. Like, for example, you know, silver got to almost 40 overnight, can't quite make it through. Gold has been struggling to get back over 2400. Copper had a big move. Um, as far as the rest of the market right here, I mean, you have to always wonder whether something like Nvidia is overbought, but we know with something like Nvidia just is the reign supreme. So I wouldn't even venture to say that. In terms of the overbought conditions, there's so many things that are so undervalued at this point relative to the things that are overbought. That's what I would choose to focus on here. What has a chance to go higher? And I think the energy space is probably one of the biggest areas that I'm focused on right now. Christopher, where do you see pockets of undervaluation? Well, I I think she just talked about it. The energy is probably the one sector that has lagged the market significantly. And I I I would say even the the the consumers, consumer durable, not durables, consumers sector has probably lagged the market just as much, not to the same extent, but significantly. Those are the two areas of the market that are undervalued. Having said that, I think in this sort of a market, focusing on undervalued sectors, again, may not work out according to plan. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Automotive
- Yahoo
Strategist is 'cautious' about adding risk around market growth
The S&P 500 (^GSPC) is back and holding above 6,000 for the first time since falling off of February's record highs. Wall Street has turned more bullish on equities (^DJI, ^IXIC, ^GSPC) as firms are raising their year-end targets on the S&P 500. Chief Strategist Michele Schneider shares her risk outlook as key sectors struggle to return to 2021 highs, also taking a look at indexes' moving averages. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. It's time now for today's strategy session as investors await key catalyst for stock gains Wall Street is bullish. Analysts of Barclays and JP Morgan both calling for more gains ahead. So how much upside is there? Joining us now, Michelle Schneider, Chief Strategist. Michelle, it's great to have you on this morning. Talk to me about what you are for seeing when it comes to how much more room to run the market has without a clear key catalyst in sight. Well, certainly, the the milestone of 6,000 is something that everybody's excited about, and we can see that the SPYs and the Qs are really close to their all-time highs. So that's when I like to watch what I call the inside sectors, actually a phrase coined by Stanley Druckenmiller. And that would be the retail, the transportation, and the small caps. And they have a lot of catching up to do. Currently, if we're looking at IWM, the high was 224. It's trading around 214, not so bad. Transportation though, really lagging behind that and interestingly enough, although retail has been leading lately in those inside sectors, it's still almost 30% away from its all-time high that was made in 2021. So so there's a couple of things to be aware of and that is it's great to see the growth stocks go and we've seen this over and over and over again. But we really need to see things that will actually stimulate the economy participate, and of course, that would be manufacturing, most importantly, the consumer, and then how robust goods and services are moving. And we're not seeing that yet. So I'm cautious here in terms of adding risk. You know, one of my favorite technicals to track is a very simple one, and it's just the moving averages here, especially trying to get a gauge of the 200-day moving averages versus the 50-day moving averages that we're seeing. And as of right now, on the 200 day, this market is relatively split in terms of the companies that are trading above or below. It's almost 50/50. But the 50-day moving average, a little bit more weighted to trading above that. I wonder from a technical analysis perspective, what your key technical indicator is that you're watching right now to really get a gauge of where spirits are transpiring and sentiment within the market. Well, first of all, I love moving averages, and I love the 50 and the 200. So let's just broaden out that time frame a bit and go to the weekly moving averages. And that's really where I think is most interesting right now. So for example, semiconductors, they're back over their 50-week moving average and the 50 is above the 200, which is also important. You want that positioning to show more of a bullish edge and it is. The same thing with retail. It got over its 50 week. That's really encouraging. So I'm certainly not trying to be negative. I'm just trying to look out. And then if you look at the small caps, they're below the 50 week. If you look at transportation, it's below the 50 week and regional banks are sitting right on it and I like to look at the regionals as opposed to the actual big banks, and I know you mentioned the financials in the beginning. So, and biotech, by the way, is just under everything. So that has a lot to do to prove that it can come back. That's what I'm looking at because from a weekly standpoint, we need to get those things back into these bullish weekly phases and we're halfway there. Sign in to access your portfolio
Yahoo
10-06-2025
- Business
- Yahoo
Strategist is 'cautious' about adding risk around market growth
The S&P 500 (^GSPC) is back and holding above 6,000 for the first time since falling off of February's record highs. Wall Street has turned more bullish on equities (^DJI, ^IXIC, ^GSPC) as firms are raising their year-end targets on the S&P 500. Chief Strategist Michele Schneider shares her risk outlook as key sectors struggle to return to 2021 highs, also taking a look at indexes' moving averages. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
