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Thomas J. Raef - "T Rex"

Tom, aka T Rex, is seasoned financial pro that cut his teeth on the Chicago trading oil futures in 1995. In less than 3 years he bought his own seat and set up shop on the exchange. For the next 10 years Rex traded his own account and some institutional accounts. In 2017, he decided to move to Florida and focus on educating traders and writing for financial websites.

Thomas J. Raef -
s&p bear market

ISM PMI Gives the Bears More Weight

Investors are focusing on US trade relations with China and France, and economic statistics. Published yesterday, the November data on the US ISM Manufacturing PMI were below the market expectations and put serious pressure on the dollar. Instead of growth, the indicator fell from 48.3 to 48.1 points, and for the fourth consecutive month remained …

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bear market

Stock Market Gets Pulled Down By Weak Manufacturing Sector Report

The US Stock market is getting pulled down by after on the U.S. manufacturing sector report that it slowed for the fourth straight month, with the ISM (Institute for Supply Management) purchasing manager’s index unexpectedly falling to 48.1% in November from 48.3% in October. Economists expected a reading of 49.2%. Readings below 50% reflect business …

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stock market morning report

More Positive Trade News Lifts The Stock Markets

Investors remain focused on the US-China trade relations, as well as comments by Fed Chairman Jerome Powell. Today, the Ministry of Commerce of China announced that representatives of the two countries held another round of telephone conversations. It was stated that the parties “reached consensus on how to resolve related problems” and will continue consultations …

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bull market

Stocks Are Bullish After Positive US-China Trade Deal

Market rose today as on positive movement of of a a US-China trade deal. On Saturday, US National Security Advisor Robert O’Brien said that the initial trade deal with China could take place before the end of this year; however, the US negotiations will take into account protests in Hong Kong or the situation in …

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cryptocurrency

Cryptocurrency Gets Dragged Down By Regulator News

At the beginning of the week, the cryptocurrency market continued to correct downwards. Currently, Bitcoin is trading near 7500.00 (−14.2%), Ethereum – at 155.00 (−18.8%), Ripple – near 0.2370 (−11.3%). The Tether coin is trading at 1.0054 (−0.04%), outperforming Bitcoin Cash in terms of capitalization and pushing it to fifth place. BCH is currently trading …

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