Poseidon Network
$QQQ
72 Results
Base and Optimism Share Revenue and Governance, Mastercard Terminates Binance Partnership
All eyes turned to Jackson Hole this morning as Jerome Powell says the Fed will âproceed carefullyâ on any further rate rises this year. Futures pricing imply that investors see a near-50% chance of another hike by year end. Ahead of Powell's much-awaited speech, markets opened higher before retracing to flat relative to yesterday's close after the speech. $SPX and $QQQ are both down by 0.1%, while yields on the US10Y...
Amidst record-high bond yields, large tech stocks led market indexes higher on the week's open. The US30Y is at its highest levels since 2011, yielding 4.46%, while the US10Y is at its highest levels since 2007, yielding 4.34%. $SPX (+0.15%) and $QQQ (+0.71%) opened higher before retracing to nearly flat at time of writing, with tech stocks leading the majority of the open's gains. $BTC (+0.0%) and $ETH (+0.1%) have also...
Despite yield reversal on bonds, equities market continue their retracement. Yields on the US10Y retraced 0.11% to 4.23% after peaking midday yesterday at decade-plus highs. Equities markets followed suit to reflect surging borrowing costs on future earnings, with the $SPX and $QQQ retracing 0.4% and 0.5%, respectively. Yesterday's bloodbath in crypto markets also continued, with $BTC and $ETH slipping by 7.4% and 6.1% in the past day. This move down has...
Coca-Cola Debuts NFT Collection on Base, MetaMask Integrates Apple Pay's 1-click Feature
Equities markets wavered higher as bond yields edged closer to decade highs ahead of retail sales data tomorrow. US10Y is currently at 4.20% and is nearing its last highest daily close of 4.24% in Oct '22, while the US02Y is at 4.96%, 0.12% away from its last highest daily close in Mar '23. This translates to a yield curve inversion between the 10 and 2-year of -0.76%, after putting in a...
Inflation ticked up in July but modest price increases likely deter Fed from raising rates in September. CPI rose 3.2% YoY (vs. 3% in June), while core CPI rose by 4.7% (vs. 4.8% in June). Monthly figures painted a rosier picture, with both core CPI and CPI rising a mild 0.2% in both months. Markets reacted positively on the news at open, with $SPX and $QQQ both opening higher before retracing...
Traditional markets rebound after posting a loss last week as investors look to Thursday's CPI print for clues as to whether the Fed will continue to raise rates. $SPX and $QQQ are trading at 0.6% and 0.2% higher than Friday's close, while earnings reports are set to roll in for the worst quarter since 2020. Digital asset markets seem to be breaking correlation from traditional markets, with $BTC (-0.9%) breaking down...
DoJ Purportedly Contemplates Filing Fraud Charges Against Binance, Egorov Sells More CRV tokens OTC
Equities and bond markets have extended recent losses from increased borrowing by the US. $SPX and $QQQ retraced by 0.3% and 0.2%, respectively, while the US10Y edges close to November highs at 4.2%. Apart from increased issuance in longer-term treasuries, the rise in bond yields have also been spurred by America's credit downgrade and a decline in corporate profits. $BTC and $ETH have experienced slight gains from yesterday's bearish daily engulfing,...
Vyper Vulnerability Exposes DeFi Protocols to Hacks, Coinbase Witnesses Memecoin Mania
Traditional markets are flat on July's final trading day, ahead of a busy week of earnings. While $SPX and $QQQ are flat since open, they are poised for a fifth consecutive month of rises - the longest winning streak for each index since 2021. The jobs report due Friday is also expected to show ongoing strength in the labor market (200k July consensus vs 209k in June). $BTC and $ETH have...
Chainlink Launches CCIP Protocol, Radiant Capital Receives $10M Investment from Binance
Equity indices are slumping following a negative reaction to technology earnings and lower than expected jobless claims. The technology-oriented $QQQ is leading the decline, having fallen 1.52% at the time of writing, while the $SPY has fallen 0.36%. The $DXY (+0.65%) and U.S. Treasury yields are rising today as the market is repricing the odds of an additional rate hike as the labor market continues to show its resilience. Crypto...