Market Update
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The S&P could be on track for its seventh consecutive day of gains today after adding 0.32%, potentially the longest winning streak in nearly two years. As of this writing, the Nasdaq had gained 0.8%, with tech stocks increasing as long-term yields pulled back ~1%. Investors will closely watch commentary from several central bank speakers this week, including Chair Powell, to determine whether last week's dovish tones continue. BTC is...
Risk assets are starting the week on a strong note after a week marked by dovish data and the US Treasury's accommodating refunding schedule. Despite today's bounce in interest rates, the DXY remains relatively flat. Major equity indexes are showing slight gains, with healthcare and technology stocks leading the way. In the crypto market, assets are generally on the rise, with the recent rally broadening to other areas of the...
Yesterday afternoon, both crypto and equity markets experienced a significant surge during Federal Reserve Chairman Powell's press conference, an event that numerous observers are labeling as a potential dovish shift. Stocks climbed approximately 1%, and BTC saw an over 2% increase, while the 10-year yields sharply declined to around 4.65%, markedly below the recent peak of 5% two weeks ago. Since the gains from yesterday afternoon, digital asset prices have...
Equity indices reacted positively to the release of the U.S. Treasuryâs funding schedule this morning, with the SPY and QQQ both rising over 0.60%. The Federal Reserve Committee is set to meet today and announce a decision on interest rates at 2 pm EST. The market is not expecting any surprises as interest rates will likely be held at current levels. Crypto markets are mixed ahead of the Fed meeting,...
Major equity indexes are recovering after giving up some of yesterday's gains. Short-term rates are on the rise, causing an uptick in the DXY index, while long-term rates have edged lower, potentially in response to yesterday's Treasury refunding preview that suggested Q4 debt issuance might be less than initially expected. These developments precede a pivotal macroeconomic day tomorrow featuring PMI, JOLTs data, and an FOMC decision. Additional information on the...
Digital Asset Funds See Largest Weekly Inflows Since July 2022, Singapore Launches International Tokenization Pilot
This week is a busy one for macro events, with the BOJ, FOMC, and BOE all having monetary policy meetings, beginning with the BOJ tomorrow and the FOMC on Wednesday. It is expected that the FOMC will hold interest rates steady and signal that any further rate hikes will be contingent on financial conditions and economic data. As investors await, the SPY and QQQ have both gained approximately 0.80% today. Crypto...
U.S. equity indices are mixed today despite U-Mich 1-Year inflation expectations rising to 4.2% vs 3.8% expected, and consumer personal spending rising 0.7% MoM vs. 0.5% expected. The SPY is down 0.36% while the QQQ has risen 0.62%. Crypto markets are cooling off after a strong week, with BTC (-1.65%) trading just below $33.6k and ETH (-2.76%) trading around $1,750. Total crypto ETP and OTC assets under management jumped 6.74%...
U.S. equity indices are falling dramatically today as geopolitical and economic worries continue to rise. The SPY has fallen 1.48% while the QQQ has declined 2.49%. Crypto is showing resilience, with BTC (+1.95%) trading at $34.6k and ETH (+0.11%) trading slightly below $1,800. SOL (+7.69%) is showing continued strength ahead of Solana Breakpoint, its developer conference, which is set to begin on Monday. The recent surge in volatility combined with...
There were fireworks in the order books last night as BTC surged, briefly reaching the $35k mark. Leading the charge, Bitcoin increased its dominance, achieving a new year-to-date high. This rally wasn't isolated, as it was broad-based, with most altcoins following in Bitcoin's wake â a positive indication of the market's momentum. Ethereum (ETH) climbed above $1,800, while Solana (SOL) encountered resistance at $32. This morning, crypto equities (COIN, WGMI,...
Equities have seen a modest increase, while BTC has risen by 5% since the close of the market last Friday, reaching $31.1k amid escalating interest rates and ongoing geopolitical instability. U.S 10-year yields spiked to the highest level in sixteen years this morning, briefly rising above 5% before retracing to 4.85% at writing. Investor attention this week will be on numerous crucial central bank meetings and economic data unveilings. These...
