Last year in covering some of the top emerging technologies of 2016, we highlighted the Blockchain.
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This represents a significant leap in credibility for cryptocurrencies in general, given that they have been observed as curiosities and side issues by the mainstream media to date.
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When traders are going nuts about a highly-speculative investment like bitcoin, that same risk-loving attitude might turn up among the folks who trade stocks.
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Downbeat producer prices data also weighed on CPI expectations and therefore Fed rate hike odds for September.
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The 100 SMA is safely above the longer-term 200 SMA on the 1-hour time frame, indicating that the path of least resistance is to the upside.
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