NDQ

$NDQ

Bitcoin (BTC -2.99% ) and the broader crypto market are staging a recovery after a week of bearish price action, with altcoins facing particularly excessive pressure. Bitcoin has successfully bounced off its key 200-week moving average around $25,800 and is now hovering around $27,400. Ethereum (ETH -2.50% ), meanwhile, remains stable above the $1,820 level. Notable standout performers include altcoin LDO -4.02% , up 12% on the day, potentially driven by improved withdrawal capabilities and short...

The NDQ has slid 0.3% on Monday as investors anticipate corporate earnings reports from major tech companies, while the SPX is effectively flat. Investors are closely watching for earnings results from mega-cap tech firms, including Alphabet, Microsoft, Amazon, and Meta, marking the halfway point of the earnings season. Both BTC -2.99%  and ETH -2.50%  are moving lower in concert with major equity indices, and most altcoins, including MATIC -1.42%  and SOL -2.90% , are following...

Traditional indices are trading lower today, with the SPX (-0.20%) and NDQ (-0.62%) declining as market focus is shifting to the upcoming earnings season. Crypto markets are underperforming today as BTC -2.99%  (-3.14%) and ETH -2.50%  (-2.20%) are cooling off after rallying over the last week. As mentioned in last week’s Crypto Weekly, supply overhang projections following the Ethereum Shapella upgrade were too pessimistic. As of this morning, total withdrawals since the...

Traditional markets are rallying today amid easing bank concerns and speculation that the Fed may be done raising interest rates. The SPX has risen 0.25%, while the NDQ is up 0.52% at the time of writing. The Fed’s preferred inflation metric, the PCE index, will be released tomorrow morning and should fuel further speculation on whether or not any further rate hikes remain in 2023. Crypto markets are trailing equities,...

Equities opened higher this Monday morning on the back of easing bond yields. The SPX and NDQ are trading 0.6% and 1.0% higher, respectively. However, the U.S. 02Y has turned higher since this morning, now pushing back towards 4.9%. The DXY has moved lower, assisted by increased hawkish rhetoric from the ECB. The crypto market rallied slightly in concert with equities but is stalling in the face of rate strength....

Equities are rising this Monday afternoon following their worst week of the year. The SPX and NDQ are trading 0.4% and 0.7% higher, respectively. Interestingly, the US 2Y yield pushed higher in the early morning hours to reach its highest level in over 15 years but has since retreated to below 4.8%. The crypto market rallied following the local peak in rates this morning but has since retraced some of those...

Traditional indices have continued their fall this week, with the SPX (-0.33%) falling below $3,980 and the NDQ (-0.25%) trading just above $12,000. Initial jobless claims came in slightly lower than expected as the market continues to look for signs that the Fed’s hiking cycle is affecting the labor market. Tomorrow at 8:30 AM, the latest PCE data will be released, giving investors more insight into inflation trends. Crypto markets...

Equities are attempting a rebound following their worst day of the year. The SPX and NDQ are both trading 0.3% higher. Yields are also starting to show signs of exhaustion, as both the US 2Y and US 10Y are down over 1.0%. Traders anxiously await the Federal Reserve's latest meeting minutes to gain further color regarding its future hiking agenda. Meanwhile, Coinbase is trading lower on the day, despite beating...

Equities declined Monday morning, likely prompted by caution over increased hawkishness from the Fed following the strong US jobs report on Friday. The SPX is down 0.4%, while the NDQ is trading 0.5% lower. Bond yields increased, with the 10-year yield rising by 9 BPS and the 2-year adding 14 BPS. The DXY (+0.5%) and the VIX 0.67%  (+6.0%) have also ticked higher on the day. Meanwhile, the crypto market is...

The SPX (-0.8%) and NDQ (-1.3%) slid on Monday morning as investors prepare for a stacked week of earnings and critical events on the economic calendar. Over 20% of the S&P 500 companies will report their earnings this week, including General Motors and McDonald's on Tuesday, followed by tech companies like Amazon, Apple, Alphabet, and Meta Platforms later in the week. Meanwhile, the FOMC will hold its meeting on Tuesday...