New York Stock Exchange

Why A Bitcoin ETF May Not Be Coming Any Time Soon

When it comes to the future of bitcoin, the "holy grail" has emerged as becoming the first to have a bitcoin ETF approved by the SEC. Unfortunately for the bitcoin faithful, one may not be coming any time soon.

Frontrunning: December 15

  • Yellen, Trump on the Same Page, for Now (WSJ)
  • Bond Rout Deepens After Fed Move (WSJ)
  • Dollar Climbs to Strongest Since 2003 on Fed Path; Bonds Drop (BBG)
  • Trump’s $6 Billion Cabinet: Mostly Men, Mostly White and Not Much Government Experience (BBG)
  • Trump’s Foreign Partners Expect to Benefit (WSJ)

Trumphoria

As momentum feeds on itself, it appears Trumphoria is in full swing...

Company Issues Press Release To Report Its Market Cap Hits $1 Billion

"Customers Bancorp, Inc. the parent company of Customers Bank, today reported that the Company achieved a market capitalization of $1 billion on December 6, 2016. "Reaching a market capitalization of $1 billion is an important milestone for us," said Jay Sidhu, Chairman and CEO of Customers."

"People Are Mad" - Dave Collum Warns "Existential Change Is In The Air"

Chemistry professor, and infamous market observer Dave Collum, author of the encyclopedic 'Year in Reviews', senses "existential risk in the American Experiment." In an excellent interview with The Cornell Review, Collum opines on everything from 'safe spaces' to 'social unrest' warning "people are now mad, and it shows in the chaotic election. We are guaranteed to elect a president that half the populace finds repugnant...Change is in the air."