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Stocks continued their losing streak amid low volume in the last week of trading this year. The S&P 500 dropped 0.11%, while the Nasdaq fell 0.90%. Treasury yields rose, with the U.S 10 Year and 30 Year increasing by 2.51% and 2.43%, respectively. Investors remain concerned with recent economic data showing that The Fed still has work to do in its fight against inflation. Yet the risk of driving the...
The modest 0.1% rise of Personal Consumption Expenditure (PCE) price index and 0.4% increase in personal income spending in November buoyed markets this morning, with $SPX (+0.4%) and $QQQ (+0.2%) trading higher from open. Given PCE is the Fed's preferred gauge of inflation, the data further supports the Fed's winning battle against rising prices amidst a tight labor market. Digital asset markets are exhibiting lower correlations of late, with $BTC...
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