Market Update
973 Results
U.S. equity indices have been volatile today following Fed Chair Jerome Powellâs comments at the Economic Club of New York. The SPY and QQQ sold off as Powell spoke but have since pared losses, both declining about 0.20% on the day. BTC (+1.20%) is gaining today as multiple ETF issuers have submitted amendments to their Bitcoin applications, indicating that the SEC is actively engaging with companies to clear any roadblocks...
Retail sales outperformed expectations, registering a 0.7% increase compared to the projected 0.3%. This briefly caused yields to soar before partially retracing. Concurrently, the DXY turned negative for the day, while Fed funds futures remained relatively stable, awaiting the next meeting. In crypto, BTC regained its 200-day moving average, stabilizing around $28.5K after a short-lived rally past $30K. Most altcoins trailed behind Bitcoin, except for Solana (SOL), which is nearing...
In a volatile start to the week, BTC (+3.71%) is trading above $28k while briefly touching $30k amid a false report that the SEC had approved Blackrockâs spot ETF, sparking over $40m in liquidations (see below). The SEC has officially failed to appeal the Grayscale lawsuit ruling, giving the court seven calendar days to issue its final mandate, which could include directing the SEC to approve the conversion of GBTC -0.15% ...
Equities are declining this Friday the 13th, amid University of Michigan consumer sentiment coming in lower than expected (63 act. vs 67 exp.), and 1YR and 5YR inflation expectations rising. The Nasdaq 100 is leading the decline, falling 0.72%, while the SPY has fallen 0.20%. In contrast, gold prices have risen sharply today in response to rising geopolitical fears and economic uncertainty. Despite its commodity-like features, BTC (+0.04%) has not...
Equity markets are lower following a higher-than-anticipated rise in the US CPI. The S&P lost 0.8%, while the Nasdaq is down 0.5%. Consumer prices in September rose by 3.7% year-over-year, surpassing the predicted 3.6% increase, though core prices saw a 4.1% increase, in line with forecasts. DXY turned higher to climb above 106, while the 2Y yield gained 1.33% and both the 10Y and 30Y rose by over 3%. CME...
JP Morgan Launches Its Tokenized Collateral Network, Circle and Coins.ph Partner in the Philippines
U.S. equity indices are relatively flat today after shaking off hotter-than-expected PPI data (2.2% YoY actual vs. 1.6% expected), with the SPY declining 0.07% and the QQQ rising 0.23%. BTC (-2.72%) is on pace for its fourth consecutive negative day, falling to $26.7k. ETH is experiencing less of a decline, falling 0.76% to trade at $1,555. Immutable (IMX), a blockchain gaming platform, has announced a partnership with Amazon Web Services...
Following the uptick in TLT observed yesterday, interest rates are showing signs of easing, with the 10-year Treasury yield dropping to approximately 4.6% and the 30-year yield nearing 4.8%. This has been accompanied by a downward movement in the DXY, which has now fallen below 106. In equity markets, both the S&P 500 and the Nasdaq 100 are showing strength, each up about 1% for the day. Notably, the crypto...
Equities are flat as investors digest the Israel-Hamas conflict that erupted over the weekend. Oil prices gained 4.5% while Bond markets are closed for the holiday. Beyond the geopolitical uncertainty investors will be looking to releases on inflation data from PPI and CPI, in addition to FOMC minutes later this week. BTC is trading at $27.5k after retracing from $28k, where confluence of both the 200 day and weekly MAs...
U.S. equity indices are falling today, putting the SPX (-0.68%) on pace for its fifth consecutive negative week and the NDQ (-0.97%) on pace for its fourth negative week out of the last five. Investors are awaiting tomorrowâs employment report for a read on the labor market, as JOLTS and ADP Employment have given mixed signals this week. Crypto markets are declining in line with equities, with BTC (-0.73%) trading...
