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SPY

VXZ

The VIX index, known as Wall Street's fear gauge, is at a three-year low, indicating low investor fear and a positive sentiment towards equities. The S&P 500 and SPDR S&P 500 ETF (SPY) have both gained 24% over the year. The VIX's inverse correlation with equity markets suggests a potential rally, but it cannot predict unforeseen events or guarantee a continuation of the trend into 2024. Investors are advised to be cautious of complacency in the market.

Portfolio Pulse from Neil Dennis

December 20, 2023 | 7:14 pm

TRXUSD

TRON (CRYPTO: TRX) has seen a price increase of 3.06% in the last 24 hours, reaching $0.10, despite a 1.0% decline over the past week. The coin's all-time high is $0.23. Trading volume has decreased by 4.0% over the past week, while the circulating supply remained steady at 88.38 billion. TRX's market cap is currently ranked #13 at $9.15 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:03 pm

WBTCUSD

Wrapped Bitcoin (WBTC) has seen a 4.77% increase in price over the past 24 hours, reaching $44,065.00, and a 5.0% gain over the past week. The coin's all-time high is $70,643.00. Trading volume has risen by 31.0%, and the circulating supply has grown by 0.66% to over 155 thousand, which is the estimated max supply. WBTC's market cap ranks it at #17, valued at $6.84 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:02 pm

LINKUSD

Chainlink (CRYPTO: LINK) has seen a 3.47% price increase over the past 24 hours to $14.63, despite a 1.0% decline over the past week from $14.77. The all-time high for LINK is $52.70. Trading volume has decreased by 32.0% over the past week, while the circulating supply has risen by 0.26% to over 556.85 million, which is 55.68% of the max supply. LINK's market cap is currently ranked #14 at $8.14 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:02 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) has seen a 3.37% increase in price over the last 24 hours, reaching $0.09, despite a 0.0% loss over the past week. The coin's all-time high is $0.73. Trading volume has decreased by 25.0% over the past week, and the circulating supply has slightly decreased by 0.1% to 142.31 billion. Dogecoin's market cap is currently ranked #11 at $13.23 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:01 pm

Over the past 15 years, Canadian Pacific Kansas (NYSE:CP) has produced an average annual return of 18.03%, outperforming the market. A $1000 investment in CP 15 years ago would be worth $12,292.51 today. The company's current market capitalization stands at $72.21 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:00 pm

XRPUSD

XRP (CRYPTO: XRP) has seen a 3.43% increase in price over the last 24 hours, reaching $0.62, continuing a positive trend from the past week with a 1.0% gain. The coin's all-time high is $3.40. Trading volume has decreased by 5.0% over the past week, while the circulating supply has increased by 0.3% to over 54.01 billion, which is 54.01% of its max supply. XRP's market cap is currently ranked #6 at $33.68 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 7:00 pm

AON

BTC

DXC

EXAS

FDX

IWM

TTC

Wall Street saw a slight uptick in midday trading with the Nasdaq 100 hitting record highs. The S&P 500 has 90% of stocks above the 50-day average. The iShares Russell 2000 ETF (IWM) is set for its best month since November 2020 with a 12.5% gain. Treasury yields are stable, and Bitcoin (BTC) rebounded by 3.5%. Sector ETFs like XLB and XLC outperformed, while XLP lagged. The Toro Company (TTC) and Exact Sciences Corp. (EXAS) saw stock increases, while FedEx Corp. (FDX), DXC Technology Company (DXC), and Aon plc (AON) experienced declines.

Portfolio Pulse from Piero Cingari

December 20, 2023 | 6:47 pm

MSTR

SPY

TSLA

In 2021, Tesla Inc. purchased $1.5 billion in Bitcoin, which led to an immediate price increase. Tesla later sold a significant portion of its Bitcoin holdings, but still retains $184 million in 'digital assets.' If an investor had put $1,000 into Bitcoin at the time of Tesla's purchase, it would be worth $943.74 today, a 5.6% decline. In comparison, the same investment in the SPDR S&P 500 ETF Trust would have grown by 21.5%, while an investment in Tesla stock would have decreased by 11.6%. Bitcoin's all-time high was in November 2021, when the $1,000 investment would have been worth $1,485.86.

Portfolio Pulse from Chris Katje

December 20, 2023 | 6:43 pm

CAN

EBON

Ebang International Holdings Inc. (NASDAQ:EBON) stock has surged over 50% in the past five days, likely due to the Bitcoin rally and anticipation of a spot Bitcoin ETF approval. The company is known for its ASIC chip design and Bitcoin mining machines. Canaan Inc. (NASDAQ:CAN), another Bitcoin-mining hardware producer, has also seen significant gains, rising 29% on Wednesday and over 115% in the past five days. EBON is trading above its 50-day moving average and nearing its 52-week high.

Portfolio Pulse from Erica Kollmann

December 20, 2023 | 6:42 pm