In a telling reflection of growing institutional demand for cryptocurrencies, Bitcoin (CRYPTO: BTC) spot exchange-traded funds in the U.S. attracted net inflows for a record-breaking 18th day.
FDA panel rejects MDMA therapy for PTSD, citing lack of evidence for benefits outweighing risks. Psychedelic stocks take a hit, with CYBN, MNMD, and ATAI down. FDA not bound by decision.
Long-term U.S. Treasuries rally on soft economic data, leading to expectations of Fed rate cut in Sept. Popular TLT ETF breaks key downtrend & 50-day MA, while other bond ETFs see even higher gains.
RSHO ETF beats S&P 500 in the last year without holding any 'Magnificent Seven' stocks. ETF invests in reshoring trend driven by supply chain insecurity and government policy.
Bank stocks have had a successful year with potential for more growth if economic stability is maintained. BofA predicts positive sector performance in US elections and potential regulatory changes.