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Empathy (Rumors)

2019 Investor Study: 36% of U.S. investors would consider an investment in Bitcoin svet In the time like this nothing could sheers you up better than cute, short desk issued by OPM managers and oblivious consultants encompassing the results of a survey run on an unrepresentative sample of about 1000 people :) Such, for example, as "2019 Investor Study" published in July by "Grayscal Sept. 16, 2019, 2:23 p.m.
Battle Of Generations? rate3 Today I want to make an exception from the main rule of this group to concentrate on DLT technologies and its implications and avoid politics. IMHO, Pavel Durov's statement, which was published on May 12, 2020 deserves to be reviewed even if it has nothing to do with the code. As many of you alrea May 13, 2020, 1:30 a.m.
Building Sustainable And Performing NFT Projects Altal Building Sustainable And Performing NFT Projects Introduction The ICO era of 2018 was a booming period for cryptocurrency with 2,430 projects were launched [1] with an average of 482 tokens sales per day [2]. With high expectations, many invested in these projects. While some reaped profits maj April 5, 2022, 7:07 p.m.
Do Digital Angels Dream Of Crypto-Kitties? Crypto_Steward The only question on everyone's mind is: Will the sudden rise of DeFi protocols lead to the no less spectacular crash? The pain and the suffering of 2018-2019 are still too fresh in our memories and it's been progressively more difficult for wall street renegades to trigger buy-buy-buy mode and t July 21, 2020, 7:31 p.m.
Evernomics and Nations United rate3 I wonder does anyone know how many 'unions' of all types do we have in the world? I mean, including commercial, labor, ideological, governmental / non-governmental etc. Not surprisingly, it is difficult to find the answer to this question. Because of its too general character and because there ar April 16, 2022, 1:45 a.m.
Evernomics And The Oral Stage Capitalism rate3 Evernomics gets itself some unconscious adepts :) Thanks to @Stanta, who has recently attracted my attention to 'Paying Salaries to Scientists Using Prediction Markets on Blockchain' paper, I've been surprised to realize that some folks begin to slowly wake up from their breastfeeding-baby naps. Jan. 30, 2022, 12:39 a.m.
Goldman Sachs Advises Against BTC? rate3 Goldman Sachs' 'Cryptocurrencies including Bitcoin are not an assets class' slide, taken from a deck shared with an GS internal call participants a couple of days ago, has produced so much commotion within our ranks that, despite its hype nature, I couldn't resist to add my two satoshis to this nois May 28, 2020, 11:26 p.m.
How inflation affects The Crypto Market Altal Having written on the subject of inflation and its effects previously, I would like to add some perspectives on how inflation affects the crypto currency market. Inflation basically is the rise of consumer goods and service price resulting in the devaluation of a currency. In the previous report the May 4, 2022, 10:48 p.m.
Inflation and the Polarizing Effect On The Economy Altal Inflation and the Polarizing Effect On The Economy Inflation isn’t a new concept. It’s been dated as far back as the 18th century. It has caused great concerns to economists, industry leaders and governments of nations. It’s a major indicator of a nation’s economic stability as it has direct corr April 16, 2022, 6:07 p.m.
LUNA Landing Lessons Crypto_Steward There are three LUNA Communities out there now (as of May 14, 2020): the largest one, which is totally horrified by the size and the speed of current events and is now watching this drama as a documentary about zombies invading their home town; the middle size one, which has lost up to 100% of t May 15, 2022, 1:49 a.m.
Polkadot Review and Rating rate3 Polkadot: unites blockchains Review. System (Security - Velocity - Engineering - Transparency) Polkadot is made of Parachains (shards) united into the Relay Chain (consensus + cross-chain interoperability), which relates to external networks via Bridges. (Velocity is a-). It relies on Collato Dec. 31, 2020, 4:05 a.m.
Stable Coins Uloma_Aspire REPORT ‘20 TOP STABLE COINS IN THE CRYPTOCURRENCY MARKET’ WHAT IS A STABLE COIN? A stablecoin is a cryptocurrency whose value is tied to another asset, most commonly a currency like the US dollar or the euro, though other assets can be used. This sort of crypto coin tracks the underlying asse Jan. 8, 2022, 2:16 p.m.
Stablecoins Report Altal Bitcoin ushered a new era of cryptocurrencies and ever since their popularity have skyrocketed with the world seeing the myriad of use case that can emerge from the use of them. From inception, there has been quite a dramatic increase and decline in the value of these cryptocurrencies- hence it was Jan. 18, 2022, 9:40 p.m.
SVET. AVALANCHE AND VELAS NETWORKS SUMMARY REPORT Altal SVET. AVALANCHE AND VELAS NETWORKS SUMMARY REPORT Introduction The crypto industry becoming more diverse. We see new projects launching almost on a daily basis. And with every launch of these projects the crypto landscape tends to become better and efficient negating contradictory reports naysay Jan. 31, 2022, 4:53 a.m.
SVET Markets Weekly Update (June 18, 2022) Crypto_Steward On Week 29 there are two notable macro-economic releases both aimed to gauge the state of the US real estate market (and, hence, 'wealthy' consumers' economic sentiments) in June: U.S. Census Bureau's Housing Starts and Building Permits reports (at 07:30 AM on Tuesday, July 19) as well as National A July 22, 2022, 1:13 a.m.
SVET Market Update (12 June 2022) Crypto_Steward During the past week BTC was devalued for more than 15% (from 32k to 27k) by traders playing on a number of factors, including, worsening macroeconomic climate (CPI report showed the 1% monthly increase) and technical indicators, which showed that the majority of players started to reverse their mil June 13, 2022, 12:43 a.m.
SVET Rating Weekly News Update (Feb 16–23, 2020) rate3 From the top stories of the week for todays' weekends review I've chosen "The Stanford Blockchain Conference 2020" hold in Arrillaga Alumni Center, Stanford University at Feb. 19-21, 2020. Sorry for being a bit Silicon Valley centric :) I'd been there all three days and was happy to see so many fa Feb. 24, 2020, 10:41 p.m.
The Crypto Warning Crypto_Steward Starting from January 2022 I have been issuing prognosis regarding the size and duration of the upcoming crypto-winter. Also, I have tried to convey to you some sporadic signs of price recovery found in charts during Jan-April period. However, today I want to issue a warning. The recent LUNA c May 13, 2022, 3:16 a.m.
Virus Hysteria Light_of_Valinor In the past week two events were kind of hard to not pay attention to. First, undoubtedly, is the "Wuhan" virus. Second is the Tezor hack. No comparison, of course! Extract (wiki): "Coronaviruses were discovered in the 1960s; the earliest ones ... were infectious bronchitis virus in chickens and Feb. 2, 2020, 4:38 a.m.
What is DAO ? Bodrenkov Introduction: Each of us in our careers has faced such a problem when the boss does not hear you and it is almost impossible to get through to him in some matters. This is a fairly common problem in the workflow. Therefore, a new type of organization, decentralized autonomous organization - DAO, ch Feb. 2, 2022, 5:12 p.m.
Will CBDC Dominate Cryptocurrency In The Wake Of Political And Economic Sanctions? Altal Will CBDC Dominate Cryptocurrency In The Wake Of Political And Economic Sanctions? “Just Say No to Central Bank Digital Currencies” was the post [1] that greatly inspired this but the first reply to this post made predictions. Pondering over this post and the current world events, I thought aren’ March 25, 2022, 10:40 p.m.

Engagement (Sales, Marketing)

Decrypting the Future of Crypto White Papers rate3 Reading and reviewing more than 200 white papers during the past several years makes me believe that WPs are here to stay. However, after they have evolved from PhDs papers to BIPs a lot has changed and WPs have mutated into several subspecies, some more darwinistically successful than others. F Feb. 9, 2020, 3:15 a.m.
Reddit Posts: Which cryptocurrencies are viewed most favorably? svet I've noticed that some crypto-medias have started lately to actively refer its readers to comparitech.com post "Which cryptocurrencies are viewed most favorably? Analysis of 48K Reddit posts". Authors claim to be " ... using machine learning .. (and) ... scraped 48,469 posts on cryptocurrency -relat Aug. 14, 2019, 2:35 p.m.

Engineering (System Design)

Libra Technical Whitepaper Review svet Despite my natural aversion to centralized blockchains I have to recognize that the Libra Blockchain Technical Whitepaper published recently on the libra.org website presents itself a significant milestone in the progression of permissioned DLTs. It is very well written and, IMHO, outpaces that of T June 20, 2019, 3:18 p.m.
Quantum Supremacy svet Past couple of days there has been a lot of noise in the medias initiated by a sudden release on the NASA website of "Quantum Supremacy Using a Programmable Superconducting Processor" paper (already removed). The copy of this doc is still circulating around the web making many people in our industry Sept. 25, 2019, 2:11 a.m.
Substrate: Cross-Platform Development svet Those of us, who were, even sporadically, monitoring the Polkadot consensus protocol evolution might have heard about Substrate - basically, a web application framework (think Express) for decentralized systems, which was announced by Parity in October 2018. Later, in December, a Beta version of thi Jan. 17, 2019, 9:26 p.m.
The Bitcoin Lightning Network: Overview, Challenges and Potential ahmaddaudc The lightning network is an innovation for Bitcoin that uses the former’s second layer technology to make transactions more efficient. This publication is brought to you by SVET Rating. Join us on telegram: https://t.me/svetrating With regards to efficiency, the following criteria is targeted April 18, 2022, 2:34 p.m.
The Consensus Number One? rate3 I've just received from one of my readers a reference to the "The Consensus Number of a Cryptocurrency" work co-authored by Rachid Guerraoui and a number of others. It turns to be a curious piece, specially, considering that Mr. Guerraoui - a professor at the School of Computer and Communication July 2, 2020, 12:19 a.m.

Equity (Finance, Investments)

Band Protocol or Oracle development prospects Roman The blockchain economy continues to evolve. Of course, it is still too early to say that smart contracts will be integrated into various everyday products, services and applications everywhere. However, there is a high probability that decentralized applications (dApps) will become widely popular in Nov. 4, 2020, 9:09 p.m.
Blockchain: How this technology could impact the CFO svet FYI: This group's Friday night light reading consists of the 12-pager tagged "Blockchain: How this technology could impact the CFO", which was manufactured by my favorite group of "professionals" - corporate consultants. This time I'm talking about E&Y's ones. For those who can't really tell the d Sept. 2, 2019, 3:01 a.m.
Blockchain Investment Trends (1H 2019) svet 1 of August teQatlas site (origin and founders are unknown, LinkedIn page has 76 followers) published brief report named "Blockchain Investment Trends (1H 2019)". As its authors claim "We have analyzed around 2.5k Blockchain companies backed by 1.8k investors through 2.5k conventional and alternativ Sept. 16, 2019, 2:46 p.m.
DeFi 2020 Light_of_Valinor As we begin to move into 2020's unknowns we carry with us some of our unfulfilled hopes and vague expectations. One of those was / is DeFi. In their report dubbed "DeFi #3 - 2020: The Borderless State of DeFi" published Jan 22 Binance noted "Ethereum-based DeFi’s user-side remains small, with an a Jan. 27, 2020, 10:55 p.m.
DEFI YIELD FARMING SVET. Report Altal What is Yield Farming? Yield farming is a niche in the world cryptocurrency which promises insanely high profit returns. It has drawn so much attention to decentralized finance with many trying to understand what is it. I will do my best to capture this in concept in few words. So, what is yield Feb. 21, 2022, 4:57 a.m.
Silicon Valley Corp rate3 Many years ago, before the Bay Area become my home, I, as many other people who came to the Valley at the pinnacle of its glory and power, thought that there is no other place on Earth where technological entrepreneurs are treated better and can feel themselves the real masters of the universe. M July 30, 2020, 1:23 a.m.
VC and AI svet During weekends I was researching one question, which boggled my mind for quite a while - Is AI doing better than Blockchain "crowd" while picking successful DLT startups? As we've seen on Grayscale's example, even the most reputed venture capitalists are not doing well (to say the least) in our m Sept. 16, 2019, 11:56 p.m.
What type of ICOs we need in crisis? rate3 ICOs have been the subject of this group's reviews since its inception in 2017. In three years we have passed from ICO boom, when almost $8 billion were collected during one year, to 95% fall in 2019, when under $400 million were raised. We can see three major trends in this market. First: after May 18, 2020, 7:56 p.m.

Security (Hacks and Attacks, Defense Tools)

"Alfa" and "Beta" of Crypto Crimes svet Yesterday I was having a fun at the expense of "Chainalysis" fuzzy pie chart. Today I decided to have a closer look at what people in this company are really doing during their working hours. It turns out to be quite exiting journey. Let's have a look at their yearly "Crypto Crime Report" report. Sept. 16, 2019, 2:46 a.m.
Kraken Trezor crack Light_of_Valinor Yesterday, January 31, Kraken blog published the following announcement: "Kraken Security Labs has devised a way to extract seeds from both cryptocurrency hardware wallets offered from industry leader Trezor, the Trezor One and Trezor Model T. " It's followed by the pretty meticulous report on how Feb. 2, 2020, 4:40 a.m.
SVET Blockchain and Crypto Must To Read List. rate3 More than several times I have been addressed by questions like "What do you recommend to read on blockchain?" or "How to understand a technical side of blockchain / crypto?" or "How to get better on writing about blockchain?". I usually refer people to papers like "Tendermint: Consensus withou Feb. 13, 2022, 1:58 a.m.
Three Letters Are Loosing the War to Two Numbers Light_of_Valinor Here's my brief review of "Chainalysis 2020 Crypto Crime Report" (again, a big shout to Kyle White). Extract: "After a small decline in 2018, total darknet market sales grew 70% in 2019 to over $790 million worth of cryptocurrency, making it the first time sales have surpassed $600 million." Ano Feb. 5, 2020, 1:44 a.m.

Singularity (Competition)

Open Banking Systems For Close- Minded Bankers? rate3 During past 2-3 months 'open banking' has been mentioned in some crypto-medias, which suggested that it presents the direct threat to DLT's dominance over Finance 1.0. Extract (Investopedia): "Open banking is a banking practice that provides third-party financial service providers open access to c May 7, 2020, 10:13 p.m.
Walmart Submitted A Patent Application For Stable-Coins svet On August 1 the "System and method for digital currency via blockchain users" application assigned by "Walmart Apollo, LLC, Bentonville, AR" (WMT's headquarter address) was published on the US patent and trademark office site. Its "Abstract" section contains the following: "A method include: gene Aug. 1, 2019, 5:55 p.m.

Solution (Business Model)

Accenture On Blockchain In Banking svet As I continue to crawl the web for blockchain industry fundamental data and reliable statistics I occasionally stumble on curious old relicts, which I, for some reason, neglected to notice back in the time, when they were still relevant. However, some of those remnants of old days sometimes draw a p Sept. 16, 2019, 2:33 p.m.
Aleph Zero Review and Rating rate3 One of my duties as a public reviewer is to objectively express my opinion about DLT protocols regardless how long / closely I know people associated with its. Nonetheless, I still find it very difficult to abstract myself from those externalities and to not let its influence my ratings. That bec June 28, 2020, 12:54 a.m.
AMO Review And SVET Rating rate3 AMO Coin whitepaper, which was produced at the midst of 2017–2018 boom-bust cycle, and is, obviously, quite outdated, reveals the absence of serious technical qualification or blockchain expertise of its authors.  Although, it attempts to substantiate how the proposed DPoS protocol will assure th July 31, 2020, 3:24 a.m.
Ampleforth Review and SVET Rating rate3 System (Security - Velocity - Engineering - Transparency) Ampleforth protocol is built on top of EVM but, theoretically, can be supported on other blockchains too. Basically, it enables data providers to broadcast the, so-called, VWAP (volume weighted average price) to an on-chain aggregator, which Nov. 12, 2020, 6:35 p.m.
BarnBridge Review and SVET Rating rate3 System (Security - Velocity - Engineering - Transparency) As global (CeFi) markets choose to stay irrational seemingly ignoring the rapidly deteriorating economic fundamentals and our local DeFi environment experiences a new Renaissance (again :) I continue to publish my erratic ratings briefs of Dec. 8, 2020, 4:15 a.m.
Baseline Protocol Review and Rating rate3 As I've already mentioned multiple times in my reviews, I'm not a proponent of corporate blockchains. After all, all attempts to centralize decentralized protocols are oxymoronic by nature and shall be considered as a blasphemy in our space :) However, as we continue to be 'regulated' by governme June 6, 2020, 10:55 p.m.
"Building The Future of Cross-Fi" (Harmony-Waves) Report Review rate3 Today I want to briefly review the report, which was named "Building The Future of Cross-Fi", co-authored by "Harmony" and posted on Wave's page (December 4, 2019). More often than not, it's hard to find some useful information on corporate blockchain website without painstakingly sorting through Feb. 12, 2020, 12:23 a.m.
Business Memo: Augmented Relaxation rate3 As most of you I'm now under the strict governments orders to not leave enclosed depressing space and as a consequences I'm watching a lot of so-called relaxation videos. It's actually has become a quite addicting for me because not only I can better concentrate on my work but also in those occas July 27, 2020, 9:54 p.m.
Business Memorandum (brief): Car signals and alarms advertisement. rate3 According to Google search 'there is an estimated 1.4 billion cars on the road ... ' presumable each day. Assuming that on average a driver honk his / her horn at least once a day we have 283 million hrs (1.4*10**9*365*2*3600**(-1) of 2 seconds of a loud sound, which can be converted into companies July 5, 2020, 10:33 p.m.
Business Memorandum - Micro Offices Space rate3 We are now confronted by new economic and political realities, which will drastically affect people's ability to travel and to cluster into big corporate unites. Moreover, organizing large communal / business events or, even, a simple face to face meeting of more than a dozen people suddenly become May 24, 2020, 8:51 p.m.
Business Memo: SVET Rating Game Of Angels (GOA)Angels rate3 Trading simulators are plenty but angel investing ones are absent. Svetrating.com will be the first of this kind. The idea is that after listing a new startup on svetrating.com its founders set a list of milestones each of which is associated with a preceding funding round. To participate in thi June 29, 2020, 7:20 p.m.
Bytom Review and Rating (SVET) rate3 Bytom is one of those projects which launch marginally preceded 2017 rush. Its founders were obviously inspired by the rise of the Ethereum and tried to come out with a better (as they thought) alternative which is supposed to combine UTXOs with smart contracts. Initially, when I read Bytom white Sept. 12, 2020, 2:24 a.m.
Chained Telegram - Free TON Crypto_Steward One thing is certain in our chaotic space during those uncertain times - once an idea gets traction among sufficiently large group of developers, then, regardless its 'objective' value in the eyes of the rest of our community, it becomes very difficult even to the world's ultimate superpower to erad July 16, 2020, 11:10 p.m.
Introduction to Blockstack (Stacks) Excellentjohn2022 What is Stacks Stacks is defined as "an open-source network of decentralized applications and smart contracts built on Bitcoin". Its consensus mechanism is called Proof of Transfer, and it uses this to link its blockchain to Bitcoin. This literally means Bitcoin is used as a security settlement l Feb. 25, 2022, 7:03 p.m.
Kyber Network Review and SVET Rating rate3 The rise and the rise of DeFi was propelled by the sudden (but not unexpected) advent of the decentralized exchanges / swaps protocols after their initially more successful and marginally older brotherins - custodial platforms - had gradually succumbed to severe regulatory pressure and one by one st Oct. 6, 2020, 2:47 a.m.
Qtum Execution Review and SVET Rating rate3 You've, probably, noticed that, occasionally, I can't restrain myself from lashing out on founders for their stupendous lack of transparency on the side of the state of their projects finance. I remember back into 2015, when I'd started reading Vitalik's blog and was dumbstruck as well as bewilde Jan. 6, 2021, 3:31 a.m.
SVET Rating Brief Writing Guide rate3 SVET System Rating: Security: you have to evaluate project’s code vulnerability. Sources of information: search Google for publicly known breaches of its protocol and who — if any — officially audited their code; Velocity: you have to factually check, number (if possible) and appraise platform’s s Aug. 28, 2021, 9:31 p.m.
The Future Business Review - Transparent Masks rate3 In old hearts of our supreme rulers an incontrollable horror in front of the unstoppable cellular entity is now coupled with an instinctive, hereditary fear of unguarded crowds. As a result, we hardly can leave our houses without the risk of being detained under the orders of either police or heal June 1, 2020, 8:03 p.m.
The On-Chained Economy rate3 While the world remains in stand still and most of us - under the house arrest, the future becomes fuzzier and fuzzier. Faced by that uncertainty I've decided to diversify my usual reading diet consisting mostly from DLT white papers by adding to it some new spicy ingredients. The focus of today's March 27, 2020, 8:03 a.m.

Sustainability (Economy, Forecasts, Politics)

10 Arguments For Decentralization rate3 It’s more or less obvious that there are two main types of bureaucrats we have to deal with: technologically ignorant, which put our lives in danger and technologically savvy, which put in danger our rights. All in all, specially in the light of latest events, replacing bureaucrats with smart cont April 28, 2020, 5:06 a.m.
BCG: One Chain To Rule Them All rate3 In yesterday's post I compared BCG and McK's "track-records" in DLT and mentioned that BCG's views on blockchain future although more optimistic than those of McK are "one to rule them all"-like. However, I didn't mentioned why BCG analysts reached that conclusion. Here are three main BCG's argument Oct. 4, 2019, 4:50 a.m.
Block To The Future rate3 After I’ve made public my views on the current events (re: “Wrack To The Future”) the next article’s header has become obvious :) So, how those unprecedented developments on the world stage, which are now enrolling right under our wide open (but carefully protected) eyes, will affect DLT industry? March 25, 2020, 6:36 p.m.
BTC Cycle Extended? rate3 A couple of days ago 'Andreessen Horowitz' - one of the first and most renowned institutional investor in crypto space - published on its site a report named "The Crypto Price-Innovation Cycle". Extract: "There have been three cycles so far. The first peaked in 2011, the second in 2013, and the th May 22, 2020, 12:06 a.m.
Does IMF Produce Monsters? rate3 Cellular entity outbreak continues to divert my attention from our small bubble's triumphs and dramas to larger economic consequences of the outrageously stupid and irresponsible world's "economic shutdown". While IMF bureaucrats sooth old and frightened policy makers by illusionary promises of "V April 30, 2020, 10:49 p.m.
Evernomics And American Revolutions rate3 The Revolution of 1775 - 1783 is often presented in various books in a way which suits a set of political views embraced by its authors and paid by institutional constructs. It is not surprising, however, given the fact that fundamental changes of socio-economic orders on all continents in the la Feb. 14, 2022, 12:35 a.m.
Evernomics and Inflation rate3 We live in times when the survival of our species linger on the stupidity of our elders. 'The war against inflation', which has been recently unleashed by them, is the most recent manifestations of their inability to factor into their 'monetary policies' a number of the fundamental exogenous para April 13, 2022, 2:05 a.m.
Evernomics And The New Economic Order rate3 The following are my remarks on SORA Authors' proposed 'New Economic Order'. Authors of SORA Paper wrote: Quote: ''' This was shown by Richard Werner in his disaggregated quantity theory of money, where he disaggregated Fisher’s equation of exchange(MV = PY; a good way to think about this is a Jan. 31, 2022, 8:52 p.m.
Evernomics Constructs rate3 In the Eternity all physical objects seas to exist and only its values remain. Values are a relation between physical objects and humans. Humans bodies can only persist in Eternity as a group or a Civilization. There are an infinite number of civilizational cycles, interrupted by large periods of an Oct. 9, 2021, 9:19 p.m.
Evernomics Geology rate3 Living Constructs create Artificial ones, which forms Institutional Constructs. Those, then, transform into Natural Constructs. Natural Constructs live in the Eternity. The Purpose of Living Constructs is to be transformed into Natural Constructs by going through stages of Artificial and Institution Oct. 17, 2021, 9:38 p.m.
FATF: Travel Rule svet I did already addressed this question in this group back in February, when FATF issued its now infamous "Public Statement – Mitigating Risks from Virtual Assets". However, because this dreadful piece continues to trouble so many minds including those of members of our small community I'll be glad t Sept. 16, 2019, 2:43 p.m.
Generational Crunch rate3 The Generational Crunch theorem states that one generation doesn't succeed another organically - it happens only violently. Generations do not flow - they crunch. It means that every 30 years or so a new wave of young sociopaths rebuild walls and widen a moat around their power castles, on our expen March 17, 2022, 10:24 p.m.
House Financial Services Committee Hearing on Libra svet I'm sure we all have enjoyed watching subdued and somber Mr. Marcus facing over-exited and righteous members of House Financial Services Committee. For those few of us who didn't here's a summary: "I don’t think you should launch Libra at all" (Maloney), 'Facebook is dangerous' (Brown), "I don’t tru Sept. 16, 2019, 2:58 p.m.
How Generational Cycles Work? rate3 Why do we see generations coming and going in distinct waves throughout all the history of our civilization? After all a reproductive capacity of humans do not fluctuate significantly year around and has not been having notable cliffs and precipices, which we can dig from a ground or from written re Feb. 15, 2022, 11:51 p.m.
It’s Now or Never-Mind rate3 Cryptocurrency, at its core, is not simply a means of financial exchange, but rather a revolutionary technology that challenges traditional notions of governance and consensus. The current mechanisms employed by governments around the world are centralized, whether it be through the rule of one indi Jan. 27, 2023, 3:56 p.m.
Multi-dimensional Economy and Multi-dimensional Money Stanta The Crisis Of The One-dimensional Economic Model Today we are witnessing a picture in which extreme poverty coexists with super-wealthy throughout the world, regardless of the level of “development” of concrete country. And the point here, most likely, is that the world is ruled not by a "secret Oct. 20, 2020, 5:13 a.m.
Philadelphia CBDC Experiment rate3 The curriculum on macroeconomics in all countries (without ideological exceptions) are based on the fundamental assumption that govs supposed to be the sole 'guardians' of the "World's economic stability" and through their 'monetary and economic policies' mediate between the 'predatory behaviour' o June 7, 2020, 8:11 p.m.
Recession 2020: No War, No Peace rate3 I want to step a bit outside of the high walls surrounding our beloved but still wild, unsafe and very small DLT island and cast a glance at a broader economic picture. Do not take me wrong, I don't want to get into long arguing why and why not such factors as self-perpetuated trade wars, central Oct. 8, 2019, 2:40 a.m.
Resource Economics and Multidimensional Money: On the Path to Co-Prosperity (Authored by Stan Taktaev with SVET Preface ) Crypto_Steward Preface: The following is the translation of the original text inspired and authored by one of the Evernomics early enthusiasts — Stan Taktaev together with a group of business practitioners and researchers. The concept of the IOU-based economy, backed by an unlimited productive capacity of indi May 19, 2022, 2:27 a.m.
Silicon Valley Corps rate3 Many years ago, before the Bay Area become my home, I, as many other people who came to the Valley at the pinnacle of its glory and power, thought that there is no other place on Earth where technological entrepreneurs are treated better and can feel themselves the real masters of the universe. M Aug. 7, 2021, 11:46 p.m.
SVET Markets Review (July 29, 2022) Crypto_Steward US Bureau of Economic Analysis (BEA) made quite a noise yesterday by releasing at 7:30 AM its advanced estimate of Q2 real (adjusted for inflation) Gross Domestic Product growth (a complete report is due at August 25, 2022). It says that in Apr-June GDP shrunk another 0.9 percentage adding to 1.6 pe July 30, 2022, 10:11 p.m.
The Current Generational Cycle in Evernomics Crypto_Steward We are entering into the first, ‘Aggressive Reforms’ phase of the SVET generational cycle, which will last from the second decade of the twenty first century to the first decade of the twenty second century (roughly, from 2020th to 2100th). During this phase several successive human generations ( June 1, 2022, 2:42 a.m.
The Federal Reserve’s Anti-Inflationary Monetary Policy: Archaic, Ruinous, and Unfair rate3 Introduction The current anti-inflationary, hawkish monetary policy adopted by the Federal Reserve is not only archaic but also economically ruinous and socially unfair. The Fed’s policy is archaic because it is based on the outdated notion that inflation is caused by too much money chasing to July 5, 2023, 3:58 p.m.
The System Of Happiness rate3 World is ruled by the power of guns. Guns are in the hands of bureaucracies, which are mostly composed of those who inherited their positions from their parents belonging to small privileged groups, clenching to power for generations. Those groups had been formed as a result of the darwinian process Aug. 7, 2021, 11:48 p.m.
War And Crypto rate3 Given an inability of all contemporary, centralized governance systems to provide us with the major necessity good - a peaceful co-existence - the main question on our minds is 'How the militarists geopolitics will affect crypto market?'. Here's the Evernomics perspective: An increased militar March 19, 2022, 1:03 a.m.
Well-Wishing Monsters Crypto_Steward One of the most detrimental effects which a growing number of gigantic centralized regulators have on markets is apparatchiks’ disregard to the uniqueness of local socio-economic conditions. Initially, when federal authorities are not so powerful and overwhelmingly dominant in all aspects of our July 23, 2022, 1:51 a.m.
Working With Zombies rate3 Here is the riddle: they control us but no one control them; no one put them in charge but they put themselves in charge of everything; everyone responds to them but they do not respond to no one; they are not working but it is not possible to get rid of them. What are they? Google Quotes: ‘US Aug. 28, 2021, 9:28 p.m.
Worldwide Blockchain Review 2020 rate3 IDC ("China Oceanwide" owned 56-years old research company based in Framingham, MA, which DLT industry's reports have been often referred in this group) had issued several researches dubbed "IDC FutureScape: WorldWide Blockchain 2020 Predictions" covering major world's regions, including, US, Europe Feb. 26, 2020, 1:50 a.m.
Wrack To The Future? rate3 When there's such an unparalleled conversion of multiple negative economic and political tendencies it creates not only huge social commotions but also an unprecedented data corruption. Consequently, it's a bit too earlier to plunge ourselves into a fundamental analysis not to mention to draw any pr March 23, 2020, 5:07 p.m.

Team (Jobs, Personnel)

U.S. Is Leading In Bockchain Jobs svet "The NextWeb" (TNW) - a tech conference organizers (established in 2006 and based in Amsterdam) - published a report, where they analyzed a total of 5,711 blockchain jobs listed on the recruiting site "Glassdoor". Citing: "The results reportedly showed that the U.S. is leading the world in terms March 8, 2019, 12:20 p.m.

Timeline (Implementation)

Carrefour Implements Blockchain svet Carrefour S.A. (61 years old French multinational retailer headquartered in Boulogne Billancourt, France, revenue EURO 78.9 billion (2017), more than 380 thousands employees, 12300 stores worldwide (not in USA), compare to WallMart - Revenue $514.415 billion (2019), 11348 stores worldwide) issued a March 1, 2019, 3:24 p.m.
Gartner Hyped Hype Cycle svet Today, our little "parade of incompetence", which is headed by Big 4 is joined by another consulting "dinosauria" - "global research and advisory firm" Gartner Inc. (40-years-old, $5 billion in revenues). They've just published their patented "hype cycle" graph, this time filled in with "Blockchai Sept. 23, 2019, 5:11 a.m.
The Blockchain Trap? rate3 Past couple of years the so-called 'enterprise blockchains' have been a repeating theme of my many reviews (f.e. series of articles about Big Four DLT 'competencies'). At this stage, all of our ingenious enthusiasms about that wider corporate assimilation of blockchains could sparkle crypto-curren May 26, 2020, 10:06 p.m.

Transactions (Costs)

Binance Smart Chain Report Altal BINANCE SMART CHAIN SVET. Report Introduction Binance smart chain is a smart contract programmable chain of the Binance network offering chains interoperability and Ethereum compatibility. It is the second blockchain of the Binance Exchange and runs parallel to the Binance chain. The smart chain Feb. 11, 2022, 11:22 p.m.
Ethereum Imperium? Crypto_Steward In our crazy eggs space we tend to act much faster than we are capable to produce the rational underpinning out actions. It explains to me the fact that the great majority of valuable reports I'm seeing are either useless or long overdue. One of those, named 'The Ethereum Proof of Work Mining Rep July 13, 2020, 11:47 p.m.
Federal Reserve New Service For Faster Payments svet Today five people (three lawyers, one doctor of philosophy and one management consultant) presiding in the Federal Reserve Board published a statement on their site announcing the "plan to develop a new round-the-clock real-time payment and settlement service to support faster payments". It reads Sept. 16, 2019, 2:51 p.m.
Liberland Review and Rating rate3 I want to take a break from my usual line of sticking to DLT business and underlying protocols and review and rank a country (or to be exact a "micronation"). Name is "Liberland" and some of us might had heard about it back in April 2015 when 32-years-old (at that time) political activist from Cze March 11, 2020, 7:15 p.m.
The Anomaly Of Two Transactions rate3 "Someone paid $2.6 million in fees to move $134 worth of crypto". When that piece of news first hits us two days ago I dismissed it as a noise. However, today, after I had spent some time in Etherscan hopping from one address to another my position was flipped and as a result I present to your atten June 12, 2020, 8:01 p.m.

Transparency (Decentralization, Governance Model)

CBDC or Central Banks Digital Chimera Light_of_Valinor BIS (Bank for International Settlements - interbank regulatory body owned by 60 central banks, which recommends CBs policies) published a report named "Impending arrival - a sequel to the survey on central bank digital currency" (dated Jan 2020). This 19-page doc is different from so many simila Feb. 4, 2020, 6:04 a.m.
Could Decentralization Stop Pandemics? rate3 When you stay long enough with one industry all your everyday thinking become inevitably affected by it. That what has happened to me, when, after working full time for several years in blockchain, I've recently tried to come out with some justification for slow and highly inefficient govs reaction Feb. 16, 2020, 6:59 a.m.
Liberland rate3 After publishing my ratings of the Liberland project I still have one pending issue left - to review their "Constitution" and to compare it to decentralized governance solutions, which are slowly but surely gaining popularity in the DLT space. Liberland is striving to be the first officially reco March 4, 2020, 9:47 a.m.
The World With Unlimited Money Supply rate3 If you ask most of my friends and colleagues working full-time in the crypto-currency industry what's the ultimate objective of our movement, answers (if any) are usually ranging from making BTC the World's dominant (or the One) currency to having thousands (may be tens or even hundreds of thousands Feb. 15, 2020, 2:48 a.m.
Three Main Arguments for the Ten Years Bear Market in Crypto svet I strongly believe that promoting decentralization on a world-scale is one of the best chances, which our civilization must to take, in order to achieve the rapid social and economic progresses. However, implementing distributed ledger technologies (DLT) on all levels of our global society might tak Feb. 2, 2019, 3:29 p.m.
World Special Operation Three rate3 As the World enters into 2020–2030 (Reforms — Active) SVET Cycle we start to witness some of Evernomics predictions coming through. Q (from SVET Generational Cycles): "Baby Boomers now in their 70–80th try to deliberately slow down the ‘dangerous’ technological progress. This is accompanied by March 7, 2022, 2:15 a.m.

Validity (Legal, Regulations)

BCG Rise and Fall rate3 It has been a year since I published the series of reviews dedicated to big consulting companies’, so-called, ‘blockchain competencies’. In those reviews Boston Consulting Group (BCG) stands relatively high in the informal ranking of global consulting houses’ familiarity with DLT, right after PWC an Oct. 9, 2020, 2:04 a.m.
California Consumer Privacy Act svet Thanks to Mr. Chaw (Sen.), Mr. Hertzberg (Sen.) and, of course, to Mr. Brown (Gov.), those entrepreneurial "blockchainers" which are living on the CA territory will have to start paying for that privilege right from the start of the next year. I'm talking about the so-called "California Consumer Pri Sept. 16, 2019, 2:53 a.m.
Crypto Besieged? rate3 I remember when a year ago - May 9, 2019 - I'd listened to Rep. Sherman talking about cryptocurrencies threatening to undermine the power base of USA I thought that they just officially opened a 'hunting season' on crypto. Citing (Sherman): "An awful lot of our international power stems from the f May 11, 2020, 8:14 p.m.
Dawn Of The Purge On Crypto rate3 The previous week gave us more indications (f.e. G20 financial watchdogs bashing stable coins and Telegram trying to fight SEC) that authorities intend to further worsen the regulatory environment for crypto-currencies. The majority of private investors in crypto-currencies (as well as small and m Oct. 22, 2019, 7:16 p.m.
Does India Go All Out Crypto? rate3 An obvious choice for the event of this week is Indian Supreme Court Wednesday's decision to knock down the RBI's (or 'Reserve Bank of India'  - "India's central bank, which controls the issue and supply of the Indian rupee" (wiki)) ban on local banks' dealings with crypto-currencies firms. At least March 8, 2020, 6:53 a.m.
EnActing Greed and Fear rate3 Three things about large bureaucratic organizations remain unchanged for centuries: first, they tend to expand indefinitely to the expense of their efficiency; second, they instinctively view innovations as an imminent threat to their existence unless they completely control its; and, third, they gr May 22, 2020, 10:58 p.m.
IRS about hard forks and airdrops rate3 Two days ago IRS issued a hilarious document, with no name - just a number 26 CFR 1.61-1. It describes how airdrops and hard forks are to be now treated from the taxes perspectives. Basically - both are recognized as a gross income right from the moment its received. But that's not why this piece Oct. 12, 2019, 4:30 a.m.
Mnuchin FinCEN will hold any crypto-entity to its highest standards rate3 Here's brief SVET Rating NEWS Update (9 - 16 Feb): The top news of the week is a no-brainer. At Wednesday Treasury Secretary Steven Mnuchin said: "We will not allow digital asset service providers to operate in the shadows and will not tolerate the use of cryptocurrencies in support of illicit a Feb. 17, 2020, 2:36 a.m.
Taxation Without Representation svet I've just realized that one of the few topics, which has not yet been covered in this group is the cryptocurrencies taxation. Yes, I know, this is not a "tax season" and it's not a pleasant subject at all. Moreover, I'm not a tax advisor and for any counseling, please, get yourself a properly certif Sept. 16, 2019, 2:50 a.m.
What’s Holding Crypto Adaption? rate3 Telegram v. SEC saga is already 2 years old but it continues to inspire controversies in medias attracting our community's attention. As we all know SEC claims that Telegram "failed to register their offers and sales of Grams, which are securities, in violation of the registration provisions of th May 4, 2020, 11:36 p.m.

Value (Stocks, Trading)

Adorable Grayscale Monster rate3 Despite my allergy to Big Corps, acquired as a result of me being enslaved by one of them for more than a decade, it is difficult to deny that, sometimes, they are doing a damn decent job. Grayscale is widely known for trying to replicate an infamous big hedge funds strategy of niche markets segm Aug. 13, 2020, 11:18 p.m.
Blockchian: Xi Jinping emphasized the use of blockchain rate3 It's, obviously, not possible to establish precisely how many people in the world own crypto-currencies. Nonetheless, if we try to summarize several researches, which were cited in this group, there are about 60 million coin holders world-wide with 40% living in USA and the rest (60%) equally split Oct. 25, 2019, 11:58 p.m.
Colors Of Evernomics rate3 Value is a mystery. Ricardian economists derived it from an amount of time spent by workers on the material production. That hypothesis contradicts both ours common sense and intuition. David Ricardo and its successor - Karl Marx - would not value an idea or an inspiration or an enthusiasm. However, Oct. 3, 2021, 1:29 a.m.
Cryptocurrency Investment Funds: Infographics svet posting about Grayscale got me curious what's going on with cryptocurrency investment funds in general. One of the resources, which attracted my attention is Cryptofundresearch with their more or less detailed infographics. Although they do not reveal information sources, which they based it upon, I Sept. 16, 2019, 2:29 p.m.
DeFi Short-Term Memories? rate3 It's so human to shield ourselves from negativity. Specially so in the Valley, where we are as much addicted to 'hopium' as we do to Starbucks' free WiFi. Inside of our crypto-bubble this shtick exhibits itself by us completely banishing from our public discourse the Thursday, March 12 event, whe July 10, 2020, 2:33 a.m.
Does Bloomberg Have Just Joined the BTC Movement? rate3 Among waves after waves of an economic, political and regulatory negativity coming on us from all sides it’s highly tempting to inject into our system some doze of hopium. Such as, for example, June 2020 Edition of Bloomberg Crypto Outlook. It stipulates “Bitcoin will approach the record high of a June 15, 2020, 10:18 p.m.
Does Old Money Hold Crypto Hostage? rate3 The sign of the new age in investments is that most of us have been so emotionally attached to our hodlings that publicly reviewing any other long-term scenario than laughably bullish or outrageously bearish has become "non comme il fau". iMHO, we've just became addicted to an emotional roller-coast Feb. 28, 2020, 2:43 a.m.
Navigation For DAIvers Crypto_Steward The Bear Market Hurricane makes many portfolio-ships captains to herd into the DAI Harbor. Here’s what they have to be mindful of: 1) DAI is backed by ETH. It means that to create 1 DAI someone needs to provide 1.5 ETH as a collateral (or to lock it in his wallet), according to the 150% collat June 19, 2022, 2:14 a.m.

Velocity (Scalability, Throughput)

Blockstream: Crypto Without Centrally Powered Electricity rate3 My post is induced by PG&E cutting today myself and several millions other Bay Area residents from crypto for more than 12 hrs. I'd never really paid attention to this stupid question "how do you use crypto in the Mad Max world?" until this morning when streets come eerily quiet and I needed my ca Oct. 11, 2019, 5:04 p.m.
Dapps : DappCom report on DeFi surge rate3 On October 7 DappCom published on its site the messy report, full of bright colors and oscillating lines. It contains, however, information which is hard to get from other sources. Citing: "Dapps that built on 6 mainstream blockchains (Ethereum, EOS, Steem, Tron, TomoChain, IOST) have performed Oct. 9, 2019, 3:47 a.m.
Red Belly Blockchain Test svet RBBC was tested on two VM’s and used Amazon’s high-end and low-end VMs for Intel Xeon E5–2666 v3: c4.8xlarge instances (pretty much the best what Amazon can now offer for $1.856 p/h), with 36 vCPUs, 60 GiB RAM, 10 Gbps network performance, 4000 Mbps and c4.xlarge (goes now for $0.232 p/h), with 4 vC Sept. 16, 2019, 3:14 p.m.

Volume (Markets)

1st Celestial Empire + 3rd Rome = ? rate3 The relations between the "Celestial Empire" and Russia, which is twice the size of China (9.6 million km²) but has only one-tenth its population (1.4 million) and GDP (19.9 trillion), have always been quite complicated, to say the least. On the one hand, the history of Sino-Russia relations cons March 23, 2023, 4:19 a.m.
BCG and DLT svet After looking at McKinsey's competency in DLT space the next logical step is to check out its nearest competitor - the Boston Consulting Group. On a first glance BCG authors outperform their counterparts from McK in free reports / article publishing contest. They also doing notably better than Mc Oct. 3, 2019, 12:12 a.m.
Beige Book (May 31, 2023) rate3 Overall Economic Activity Economic activity was little changed overall in April and early May. Four Districts reported small increases in activity, six no change, and two slight to moderate declines. Expectations for future growth deteriorated a little, though contacts still largely expected a furt June 1, 2023, 2:07 a.m.
China SVET Review and Analysis rate3 SVET Review Political Review The People’s Republic of China (PRC) is the world’s emerging superpower. However, it is also a country facing a growing number of economical, social, and ecological issues. China’s GDP exceeds $11 trillion dollars, making it the second largest in the world after t May 26, 2023, 1:44 a.m.
Comment on Governments rate3 I try to avoid discussing political topics unless they directly impact the price levels of key asset groups such as stocks, commodities, and currencies, including cryptocurrencies, which I monitor daily. However, I sometimes can’t resist sharing my thoughts. Today is one of those days. During the Feb. 10, 2024, 1:53 a.m.
Community Governance vs. Corporate Hypocrisy and Government Intrusion. rate3 Introduction: In the annals of history, our societies have been predominantly governed by two overarching structures: government and corporate entities. However, a critical examination of recent trends reveals a stark shift in corporate governance, with a growing emphasis on benefiting a select f Nov. 26, 2023, 12:03 a.m.
Crypto Africa rate3 When it gets to analyzing the state of the crypto around the World medias primary focus our attention on two rivaling giants - USA and China - with the European Union in a distant third position. As to the rest of our planet - it hardly exists for the majority of 'crypto-experts'. That's why when May 27, 2020, 9:09 p.m.
Decentralized (DeFi) Investing Into The Carbon Credits Market rate3 Importance of the Carbon Permits Market Carbon permits are tradable permits that allow the holder to emit a certain amount of carbon dioxide (CO2) or other greenhouse gases (GHGs). They are an important tool for reducing greenhouse gas emissions and mitigating climate change. Carbon permits wo Aug. 7, 2023, 11:51 p.m.
Decentralized (DeFi) Investing Into The Cheese Market rate3 Importance of Cheese Cheese, as a milk product, has played a significant role in human civilization for thousands of years. Its importance can be highlighted in several aspects: Nutritional Value: Cheese is a rich source of essential nutrients such as protein, calcium, phosphorus, and various Dec. 16, 2023, 9:35 p.m.
Decentralized (DeFi) Investing Into The Heavy Cargo Drones Market rate3 Heavy Cargo Drones Market The global heavy cargo drones (>250 kg) market is still in its early stages of development, but it is expected to grow rapidly in the coming years. The market is expected to be worth USD 1.8 billion by 2027, growing at a CAGR of 25% from 2022 to 2027. The market is cu Aug. 10, 2023, 6 p.m.
Decentralized Or Extinct rate3 Decentralization and non-violence are two principles that are closely related and often intertwined. The concept of decentralization refers to the distribution of power and decision-making authority across a wide range of individuals or groups, rather than being concentrated in a single central auth Jan. 31, 2023, 7:42 a.m.
DeFi Underground? rate3 We, who have been involved in DeFi space since its early inception at the end of 2018 (arguably), sometimes forget how niche is this market, even within our small community of crypto-hodlers. Kendrick Lau - Senior Research Analyst from crypto.com - did a quality job by demonstrating that fact in May 24, 2020, 12:40 a.m.
Does Bitcoin benefit El Salvador? rate3 It’s been two years since Bitcoin was made a legal tender in the country on June 5, 2021. The national treasury department has allocated a cumulative amount of $103,233,360 for its BTC acquisitions since 2021, with an average purchase price of $43,357. Presently, considering the prevailing prices, E June 7, 2023, 7:16 a.m.
Dumper For Longer rate3 Introduction In the rapidly evolving landscape of intergenerational dynamics, a growing tension has emerged between the technologically adept yet politically inert Millennials and Gen Z, and the politically charged but technologically dump Boomers. The Generational Schism The first and fore Nov. 30, 2023, 7:53 p.m.
Economic Analysis of Syria: Factors Behind the Current Regime Overthrow rate3 Syria's economic landscape has been tumultuous over the years, particularly since the onset of conflict. Despite recent claims of economic recovery, the reality remains stark and concerning. In the fourth quarter of 2021, Syria's Gross Domestic Product (GDP) grew by 1.30% compared to the same quarte Dec. 10, 2024, 2:49 a.m.
Embracing a Decentralized World and the Geopolitical Normalization rate3 Introduction: In an era characterized by rapid technological advancements and diverse ideological beliefs, the world finds itself at a crossroads. Instead of grappling with the constant friction between conservative values and the drive for innovation, there is merit in exploring a new paradigm: Dec. 12, 2023, 3:42 a.m.
Evernomics : Enlisting the Power of Individuals rate3 Blockchain Technology: Challenging Contemporary Economic Theories Introduction: As the world rapidly embraces the digital age, the surge in information technologies has revolutionized various aspects of society, including the economic landscape. However, many argue that contemporary economic t July 27, 2023, 12:30 a.m.
Evernomics Mathematical Models rate3 Evernomics examines the behavior of consumers in an environment characterized by an abundance of resources and a finite level of demand. In such a scenario, the traditional economics formulas may not directly apply, as the fundamental assumptions of scarcity and limited resources are altered. Howeve June 11, 2023, 6:10 p.m.
Evernomics: To Code Or Not To Code? rate3 Evernomics embodies the idea of individuals ceasing to be minuscule components within the seemingly senseless and colossal resource-consuming/profit-generating entity we proudly refer to as “the World Economy.” In essence, Evernomics asserts that all economic and business processes should serve t Dec. 5, 2023, 10:11 p.m.
Evernomics: Unified Theory of Human Development rate3 Unveiling a Unified Theory of Human Development Introduction: In the ever-evolving landscape of global affairs, numerous economic ideologies have emerged over the years, each offering its own perspective on the workings of society. However, a novel approach called Evernomics has recently gaine July 27, 2023, 12:32 a.m.
FED Beige Book (April 19, 2023) (Extracts for San Francisco) rate3 Overall Economic Activity Overall economic activity was little changed in recent weeks. Nine Districts reported either no change or only a slight change in activity this period while three indicated modest growth. Expectations for future growth were mostly unchanged as well; however, two Districts April 20, 2023, 2:22 a.m.
France Political Turmoil in 2024 rate3 The recent performance of the CAC 40, which rose 1.3% to close at 7,427, marks its highest point in nearly a month, extending a seven-day winning streak and contributing to a weekly gain of 2.8%. This positive trend helps to break a six-week losing streak, indicating that while the markets are neari Dec. 10, 2024, 2:58 a.m.
Friday (Dec 23, 2022) Markets Update rate3 The beating Powell gave traders on Dec 14 FED Conference has its effect. They ignored (almost) the Monthly Durable Goods (lasting 3+ years) falling by 2.1 percent and setting the record of the past two years. 'Recessional mood' most heavily affected managers in transportation (orders got down 6.3 pe Dec. 24, 2022, 1:31 a.m.
Friday Markets Update (March 3, 2023) rate3 On Friday daily trading sessions NASDAQ gained +1.4 percent (o:11524, c:11689). At the same time BTC were declining by -0.4 (o:22402, c:22308). On March 3rd the ISM Services PMI remained stable at 55.1 in February, which is only slightly different from the January figure of 55.2 and above the exp March 6, 2023, 8:13 a.m.
Friday's Markets Update rate3 On Friday, Powell's remarks at Jackson Hole were well-received by traders, who responded by pushing the Nasdaq higher. Powell said that the Fed is prepared to raise rates, but suggested that it would remain unchanged in September. BTC continued to hover just above 26K. Other news: Consumer sentiment Aug. 26, 2023, 2:31 a.m.
Friday's Markets Update (April 12, 2024) rate3 On Friday, import prices rose as consumer confidence dipped, serving as a catalyst for a major stock technical sale. This was compounded by big banks' disappointment with earnings and China's anti-foreign-processor policy which worried tech investors. Tech stocks were hit especially hard, with AMD a April 12, 2024, 7:55 p.m.
Friday's Markets Update (April 14, 2023) rate3 On Friday, the fundamentals came out mixed, with the Census Bureau reporting that retail sales unexpectedly dipped by 1.0 percent in March, while the University of Michigan showed that consumer sentiment suddenly increased to 63.5 in April. This played into the hands of traders who exploit volatilit April 15, 2023, 1:58 a.m.
Friday's Markets Update (April 19, 2024) rate3 On Friday, stocks are deep in the red due to escalating tensions in the Middle East, with tech and communication sectors leading the decline. Geopolitical games have negatively impacted markets worldwide, with gold reaching to its ATH again. Meanwhile, BTC continued its sluggish pre-halving surge, r April 19, 2024, 6:23 p.m.
Friday's Markets Update (April 21, 2023) rate3 On Friday, the PMI Composite Output Index rose, indicating a revival of business activity in April, with the service sector displaying the best performance. It was added by positive corporate reports and surging stocks, such as Procter & Gamble, which increased by 3.46 percent, and SAP, which added April 22, 2023, 2:39 a.m.
Friday's Markets Update (April 26, 2024) rate3 On Friday, stocks increased after positive earnings reports from tech giants, putting major indexes on track for their first green week in five as consumer sentiment fell below expectations. Internationally, the yen reached heights not seen since the 1990s, while copper increased a two-year high. Th April 26, 2024, 8:42 p.m.
Friday's Markets Update (April 28, 2023) rate3 The estimates for March, released by the BEA on Friday, indicated that the PCE (personal consumption expenditure) increased by 0.1 percent (spending on services rose, while spending on goods decreased), while Core PCI (excluding food and energy) rose by 0.3 percent meeting analysts’ expectations. Tr April 28, 2023, 10:37 p.m.
Friday's Markets Update (April 5, 2024) rate3 On Friday, stocks increased in a technical recovery after Thursday's sharp downturn, despite strong jobs data. The unexpected drop in unemployment and continued wage growth suggest a robust labor market, potentially delaying Fed rate cuts. Despite Friday's gains, the market is on track for a weekly April 5, 2024, 7:28 p.m.
Friday's Markets Update (August 11, 2023) rate3 On Friday, PPI increased, surprising the markets. As a result, Nasdaq dove, pulled down by AMD and Nvidia, as traders bet on the Fed keeping rates higher for longer. BTC hovered over 29.4K, still waiting for a catalyst. Other news: One more senator supports a reasonable regulatory framework for cryp Aug. 13, 2023, 2:46 a.m.
Friday's Markets Update (August 16, 2024) rate3 On Friday, stocks surged, fueled by improved consumer sentiment and a sharp decline in building permits, hinting at a possible Fed rate cut. This momentum set major indexes on track for their best week of the year. It seems investors are less concerned about a recession compared to a week ago. Howev Aug. 17, 2024, 12:30 a.m.
Friday's Markets Update (August 2, 2024) rate3 On Friday, stocks continued to plummet, led by tech. A disappointing jobs report fueled recession fears. Amazon and Intel tanked on earnings misses. On global markets, the dollar dipped to a 4-month bottom, oil touched a 2-month low, and gold hit a new ATH on the growing probability of a recession. Aug. 2, 2024, 7:41 p.m.
Friday's Markets Update (August 23, 2024) rate3 On Friday, stocks rallied, led by technology and semiconductor stocks, after Powell signaled rate cuts in his Town Hall speech. Traders now anticipate a 70% chance of a 25 basis point rate cut in September. Globally, gold prices rose as the dollar weakened sharply while other major currencies gained Aug. 23, 2024, 10:34 p.m.
Friday's Markets Update (August 30, 2024) rate3 On Friday stocks closed August with gains as the PCE price index matched expectations. The Dow reached a new all-time high (ATH). Dell's earnings boosted its stock, while Intel surged on restructuring news. Internationally, the unemployment rate in the Euro Area reached 6.4%, the lowest level since Aug. 31, 2024, 1:10 a.m.
Friday's Markets Update (August 4, 2023) rate3 On Friday, the unemployment rate decreased. NASDAQ closed lower, dragged down by Apple's quarterly results. BTC edged downwards a bit more in an attempt to break the 29K support level. Other: A poll showed that only 16% of Americans support CBDC; Auto exports from Mexico skyrocketed; PPI in Columbia Aug. 5, 2023, 10:24 p.m.
Friday's Markets Update (August 9, 2024) rate3 On Friday, stocks rose marginally, with no major economic reports or earnings announcements. Notable movers included Expedia, which surged nearly 9% after strong earnings. Globally, China's inflation increased, driven by Beijing's stimulus efforts, while its vehicle sales fell. BTC reversed its gain Aug. 9, 2024, 8:19 p.m.
Friday's Markets Update (December 1, 2023) rate3 On Friday, the PMI Index indicated that factory activity contracted more than anticipated. However, major stock indexes, including Nasdaq, traded higher as investors interpreted comments from Powell. He suggested that current monetary policy is "sufficiently" tight, implying a potential end to inter Dec. 1, 2023, 8:10 p.m.
Friday's Markets Update (December 13, 2024) rate3 On Friday, equities were mixed, with the S&P and Nasdaq hovering near flat. Tech stocks like Nvidia and Marvell surged, while other giants like Meta and Amazon declined. The broader market was cautious ahead of the Fed's interest rate decision on Wed next week as import prices suddenly jumped. Chine Dec. 14, 2024, 1:54 a.m.
Friday's Markets Update (December 15, 2023) rate3 On Friday, Fed Williams mentioned that rate cuts are not being discussed currently, as the NY Manufacturing Index declined, and the Global PMIs showed a strong services sector and weaker manufacturing. As a result, major stock indexes were directionless, with the Nasdaq fluctuating, slightly in the Dec. 15, 2023, 8:48 p.m.
Friday's Markets Update (December 20, 2024) rate3 On Friday, stocks rallied, recovering from earlier losses as core PCE prices increased the least since May. Part of the market now hopes that the Fed will reassess its stance. The dollar fluctuated near a 2-year high. EU consumer confidence reached a 6-month low. The Bank of China kept its rates unc Dec. 21, 2024, 2:23 a.m.
Friday's Markets Update (December 22, 2023) rate3 On Friday, the Nasdaq and other major indexes rose due to lower-than-expected PCE inflation, plummeting home sales and rising consumer sentiment index, which reinforce potential Fed rate cuts expectations. Energy, real estate, and utilities led gains; consumer discretionary fell. BTC, ETH hover arou Dec. 22, 2023, 7:40 p.m.
Friday's Markets Update (December 29, 2023) rate3 On Friday, the Nasdaq and other major stock indexes ended lower at the close of the 2023 trading session, after nearing record highs earlier in the week. Investors sold off profits, and assessed the Fed's future path. Despite this, the S&P and Dow posted their ninth straight winning weeks, and the N Dec. 30, 2023, 12:20 a.m.
Friday's Markets Update (December 6, 2024) rate3 On Friday, equities rose, with the S&P and Nasdaq setting new records. A stronger-than-expected jobs report for November increased expectations of a Fed rate cut. Tech stocks led the rally, while healthcare stocks declined due to the death of a major industry executive. The unemployment rate increas Dec. 7, 2024, 2:37 a.m.
Friday's Markets Update (December 8, 2023) rate3 On Friday, the Nasdaq rose, but other equities fluctuated as investors assessed the sudden drop in the jobless rate to 3.7% and a surge in consumer sentiment, while inflation expectations dipped. Meanwhile, BTC and ETH continue to hold below $44K and $2.4K, respectively, outperformed by leading altc Dec. 8, 2023, 7:15 p.m.
Friday's Markets Update (Feb 10, 2023) rate3 On Friday, Mr. Waller, a member of the Federal Open Market Committee (FOMC), presented his views on the cryptocurrency ecosystem at the "Puzzle of Crypto" Conference in La Jolla, CA. As previously discussed in my posts, I have commented on the level of "understanding" among aging bureaucrats regardi Feb. 11, 2023, 12:19 a.m.
Friday's Markets Update (Feb 24, 2023) rate3 Personal income increased by USD 131.1B (+0.6 percent) in January, according to estimates released by the Bureau of Economic Analysis on Friday. However, it missed the market's expectations of 1.0 percent. Additionally, personal consumption expenditures (PCE) rose to USD 312.5B (1.8 percent), while Feb. 24, 2023, 10:24 p.m.
Friday's Markets Update (Feb 3, 2023) rate3 The record surge in employment (517K, well above the 185K forecast) reported by the Bureau of Labor Statistics took traders by surprise and caused the markets to stumble. NASDAQ (open: 11946, close: 12006) formed a double-top on the hourly chart, indicating a technical weakness, while BTC (open: 233 Feb. 4, 2023, 9:29 a.m.
Friday's Markets Update (February 16. 2024) rate3 On Friday, PPI unexpectedly increased, and major stock indexes fell on concerns about delayed Fed rate cuts. The real estate, tech, and consumer discretionary sectors underperformed. The Japanese economy entered a technical recession, while oil prices increased on OPEC+ decision. Soybean prices hit Feb. 17, 2024, 1:42 a.m.
Friday's Markets Update (February 2, 2024) rate3 On Friday, the latest data shows that unemployment remains steady at 3.7%, and the economy continues to add jobs at an increasing rate. Despite this, stocks have reached record highs again, boosted by strong results from tech giants. Meta surged a record +20%, Amazon gained ~8%, and Nvidia rose ~5%. Feb. 2, 2024, 11:25 p.m.
Friday's Markets Update (February 23, 2024) rate3 On Friday, stock indexes closed near record highs, with the S&P 500 and the Dow Jones rising. Nvidia surpassed a $2 trillion valuation. Internationally, Chinese direct investments dropped. Gold was stable while Cocoa continued to skyrocket. The crypto market was mixed with BTC and ETH edging down ab Feb. 23, 2024, 11:07 p.m.
Friday's Markets Update (February 9, 2024) rate3 On Friday, stocks closed mixed, with the S&P 500 and Nasdaq reaching ATH once again, driven by gains in megacap companies. The Dow, however, fell due to declines in the energy and industrial sectors. The revised December Consumer Price Index (CPI) showed minimal change, supporting the ongoing disinf Feb. 10, 2024, 1:52 a.m.
Friday's Markets Update: (Jan 13, 2023) rate3 Michigan Consumer Sentiment Index showing 64.6, Harker (Philadelphia FED President) non-committing remarks and the notable reduction of export prices helped to maintain the week-long bullish push at Jan 13. However, fundamentals are not changed and Friday's continuation looks technical. NASDAQ Jan. 14, 2023, 6:29 a.m.
Friday's Markets Update (Jan 27, 2023) rate3 The NASDAQ added 1.3 on Friday, closing the week above its key resistance level of 11,600 (opening at 11,470, closing at 11,621). Meanwhile, BTC edged up 0.9 percent (opening at 22,900, closing at 23,108). The University of Michigan Index, an indicator of consumer sentiment, showed 64.9 in January ( Jan. 28, 2023, 9:44 a.m.
Friday's Markets Update (Jan 6, 2023) rate3 The Bureau of Labor hit markets this Friday by its Dec's Employment Situation report showing 3.5 percent unemployment rate - at the twelve-months' low and notably less than analytics expected (3.7). Predictably, at the end of the year, significant increases happened in Leisure and Hospitality (+67K Jan. 7, 2023, 2:56 a.m.
Friday's Markets Update (January 12, 2024) rate3 On Friday, major indexes were volatile as traders digested mixed earnings reports and easing PPI. The S&P 500 and Nasdaq shifted into the negative zone, while the Dow Jones dropped nearly 300 points. Bank of America, and Wells Fargo saw declines, while Delta Airlines sank on earnings news and Tesla Jan. 12, 2024, 8:54 p.m.
Friday's Markets Update (January 19, 2024) rate3 On Friday, the Michigan consumer sentiment index reached 2021 highs, and inflation expectations fell. Stocks rallied on strong earnings and economic data, with the technology sector leading the gains. Nvidia, Advanced Micro Devices, and Texas Instruments surged. The S&P 500 reached an all-time high, Jan. 19, 2024, 10:47 p.m.
Friday's Markets Update (January 26, 2024) rate3 On Friday, core PCE prices rose 2.9% YoY - lowest since Feb 2021 - hinting at potential Fed cuts and pending home sales jumped. However, stocks fluctuated, with the S&P 500, Nasdaq and the Dow traded near flat hindered by technicals and slower-than-expected core PCE inflation rate already priced in. Jan. 26, 2024, 8:56 p.m.
Friday's Markets Update (January 5, 2024) rate3 On Friday, the Nasdaq and other major stock indexes ended flat after a volatile session, halting a nine-week winning streak. Nvidia and AMD shares rose, airlines rebounded, and healthcare shares underperformed. The economy added 216K payrolls in December, exceeding estimates, with wages accelerating Jan. 5, 2024, 10:29 p.m.
Friday's Markets Update (July 12, 2024) rate3 On Friday, stocks recovered on technicals, closing near record highs. Hopes for a rate cut, boosted by the latest economic data, are mixed with fears of significant overbought markets, especially in big tech. The Dow continued to rally, closing above 40000 again. Internationally, Indian industrial p July 12, 2024, 10:36 p.m.
Friday's Markets Update (July 19, 2024) rate3 On Friday, stocks tumbled, led down by tech. A major IT outage and mixed earnings reports contributed to the decline. The S&P and Nasdaq faced their worst week since April, while the Dow bucked the trend. Investors are shifting towards smaller companies due to potential Fed rate cuts and China trade July 19, 2024, 8:28 p.m.
Friday's Markets Update (July 21, 2023) rate3 On Friday, Empire State Manufacturing Index was down less than expected. NASDAQ was fluctuating as many options were expiring ahead of the Index rebalance on Monday. Traders were also continuing to process corporate results while anticipating the FOMC decision next week. BTC tested a key short-term July 21, 2023, 9 p.m.
Friday's Markets Update (July 26, 2024) rate3 On Friday, stocks recouped marginally on easing inflation data, boosting hopes for lower interest rates. Major indexes closed slightly higher, led by industrials. However, the week ended negatively for the S&P and Nasdaq. Investors now focus on earnings reports from tech giants next week. In global July 26, 2024, 9:24 p.m.
Friday's Markets Update (July 28, 2023) rate3 On Friday, the Core PCI showed lower than anticipated inflation leading to a new hope for no rate hikes rising among bulls, which pushed NASDAQ higher. BTC, meanwhile, continued its weird side-wise move, strongly suggesting a strong buy-wall. Details: The annual rate of inflation, as measured by July 31, 2023, 12:08 a.m.
Friday's Markets Update (July 5, 2024) rate3 stocks hit new records after June jobs data showed a slowdown. Internationally, gold and silver surged on renewed hopes for rate cuts. BTC continued its descent, dipping below $54K due to whales' protracted selloffs amid increasing geopolitical worries. This was underscored by a fundamental change i July 5, 2024, 10:10 p.m.
Friday's Markets Update (July 7, 2023) rate3 On Friday, with unemployment steady, NASDAQ (o: 13,668, c: 13,660) was volatile, while BTC (open: 30,203, close: 30,166) was stable as traders being uncertain after Thursday's dump. Details The unemployment rate edged down to 3.6% in June, as expected. The jobless rate has remained between 3.4% July 8, 2023, 4:17 a.m.
Friday's Markets Update (June 14, 2024) rate3 On Friday, the stock market was mixed. Consumer confidence dipped and inflation worries rose, pulling down most sectors while tech stocks continued to shine. On global markets, EU stocks are down, again, while the dollar and gold are up. BTC and ETH keep falling, reaching 65K and 3.3K respectively, June 14, 2024, 10:40 p.m.
Friday's Markets Update (June 16, 2023) rate3 On Friday, the Michigan consumer sentiment rose. However, NASDAQ (open: 13859, close: 13689, -1.2%) corrected on technicals after reaching a 12-month high. BTC (open: 25570, close: 26382, +3.2%) increased notably on whales buying from an important resistance level. Details: The University of Mich June 16, 2023, 11:09 p.m.
Friday's Markets Update (June 21, 2024) rate3 On Friday, major indexes barely budged, with tech stocks like Nvidia and Apple dipping, but consumer staples like Amazon rising. Data showed improving business conditions, which confused investors who had seen a weak economy earlier in the week. In global markets, the dollar surged as business growt June 21, 2024, 9:33 p.m.
Friday's Markets Update (June 23, 2023) rate3 On Friday, the PMI Manufacturing sunk and NASDAQ (o:13484, c:13492) continued to correct. At the same time, BTC (o:30106, c:30880) gained another 2.5 percent on whales trying to push it over 31K. The S&P Global US Manufacturing PMI fell to 46.3 in June, the lowest since December. New orders fell June 26, 2023, 7:06 a.m.
Friday's Markets Update (June 28, 2024) rate3 On Friday, stocks closed down even though inflation data hinted at a rate cut, as tech (Amazon -2.3%) fell. Despite the daily drop, June was a strong month with the S&P up ~3% and the Nasdaq up ~4%. In global markets, the Brazilian real weakened due to disagreements between Lula and the country's Ce June 28, 2024, 8:29 p.m.
Friday's Markets Update (June 30, 2023) rate3 On Friday, core PCE decreased, driving the NASDAQ (o: 13,719, c: 13,787) up. Meanwhile, BTC (c: 31,100, o: 30,372) closed the day lower on the SEC's rejection of BlackRock's Bitcoin ETF. Details: The core personal consumption expenditure (PCE) price index, excluding food and energy, matched expe July 2, 2023, 7:23 a.m.
Friday's Markets Update (June 7, 2024) rate3 On Friday, stocks are mixed as higher unemployment surprised markets renewed fears of a slowdown. Internationally, Eurozone's GDP growth continued to slow, showing a marginal increase of 0.4%. Both BTC and ETH dropped by approximately 3% and 4% respectively due to technical sales. The rest of the cr June 7, 2024, 8:07 p.m.
Friday's Markets Update (June 9, 2023) rate3 On Friday, traders refrained from taking significant positions in anticipation of the FOMC and played volatility shifting NASDAQ (o:13312, c:13259, -1.0%) and BTC (o:26673, c:26407, -1.0%) lower. WASDE (World Agricultural Supply and Demand Estimates) Report was published showing that the worldwid June 10, 2023, 8:40 a.m.
Friday's Markets Update (March 10, 2023) rate3 On Friday SVB happened which was not at all surprising from the macroeconomic point of view. All banks, especially SMEs, have been highly leveraged since at least the year 2010. As a result, they are burdened by enormous debts which, thanks to Powell, they must now service by paying historically rec March 10, 2023, 10:05 p.m.
Friday's Markets Update (March 1, 2024) rate3 On Friday, the main indices hit new record highs as tech stocks rallied. Factory activity contracted more than expected, and inflation data eased concerns. The S&P 500 and Nasdaq had positive weeks, while the Dow lagged. In the world markets, Euro stocks reached all-time highs due to low inflation, March 2, 2024, 2:42 a.m.
Friday's Markets Update (March 15, 2024) rate3 On Friday, stocks fell on the triple witching expiration due to a tech sell-off and concerns over a Fed rate hike. Amazon and Microsoft led the decline. Despite the daily drop, the market saw small weekly gains. On the world's markets, the central bank of China kept its key rate unchanged at 2.5%. T March 15, 2024, 9:02 p.m.
Friday's Markets Update (March 17, 2023) rate3 On Friday, we observed traders grappling with conflicting thoughts and actions. Some were focused on the despicable macro-fundamentals, while others were just following technical momentum. This led to a division of players into two groups. One group expressed themselves fully by trading BTC after ho March 19, 2023, 1:47 a.m.
Friday's Markets Update (March 22, 2024) rate3 On Friday, stocks cool off after record highs. Dow retreats, but weekly gains expected. Consumer discretionary stocks lag, while utilities and communication services rise. On worlds markets, Euro, Chinese Yuan and Indian Rupee weaken on rate cuts expectations, EU gas prices increased due to supplies March 22, 2024, 8:53 p.m.
Friday's Markets Update (March 24, 2023) rate3 On Friday, European traders were jittery about the stability of the banking sector, with Deutsche Bank AG taking most of the heat (12.47, c: 9.35, -25 percent). However, this panic did not spill over to the other side of the Atlantic Ocean, as the NASDAQ remained inside the bullish triangle (o: 1174 March 25, 2023, 6:40 a.m.
Friday's Markets Update (March 29, 2024) rate3 On Friday, the stock market is closed for the Easter break. Powell delivered his remarks at the San Francisco Fed, indicating he's not in a hurry to cut rates, contrary to majority expectations. This may reflect negatively on Monday's market opening. Globally, gold continues to outperform, hitting a March 29, 2024, 9:03 p.m.
Friday's Markets Update (March 31, 2023) rate3 On Friday, markets were energized by the latest BEA releases showing core PCE rising by 0.3 percent (0.5 - previous, 0.4 - expected), as well as personal spending going up by only 0.2 (the previous reading was 2.0) and personal incomes rising by 0.3 (0.6 - previous). The NASDAQ added 1.2 percent (o: April 1, 2023, 2:43 a.m.
Friday's Markets Update (March 8, 2024) rate3 On Friday, Nasdaq, S&P and Dow hit new ATH but then stocks retreat after chip sellof. The unemployment went up unexpectedly. Fed rate cut bets in June stay. On world’s markets, Euro zone GDP flat. BTC reached 70K and then retreated to 66K in a second wave of profiteering. ETH reached over 4K. The re March 9, 2024, 1:34 a.m.
Friday's Markets Update (May 10, 2024) rate3 On Friday, stocks gave up some early gains as inflation worries and Fed caution emerged. Despite the pullback, all three major indexes are on track for a strong weekly gain. Communication services and consumer discretionary stocks did poorly, while financial and materials stocks performed well. Glob May 10, 2024, 8:56 p.m.
Friday's Markets Update (May 12, 2023)2023) rate3 On Friday, the UoM survey indicated that consumer sentiment had decreased more than what analysts had predicted. However, the NASDAQ bears managed to slightly push down the index only slightly - from its opening of 12350 to a closing of 12284. Meanwhile, BTC (o:26412, c:26459) remained stable. In May 14, 2023, 4 a.m.
Friday's Markets Update (May 17, 2024) rate3 On Friday, after record highs mid-week, stocks were flat. Investors are weighing potential interest rate cuts against mixed economic signals. While some sectors gained, meme stocks continued to slide. Mega-cap tech saw mixed results, but major indexes are still up for the week. Globally, silver jump May 17, 2024, 7:18 p.m.
Friday's Markets Update (May 24, 2024) rate3 On Friday, stock market was mixed. S&P rebounds and Nasdaq rises, fueled by AI stocks, especially Nvidia. Dow is stagnant after a big drop. Consumer confidence data eases inflation fears. On global markets, Chinese foreign investments continue to decline. BTC and ETH are both flat, hanging below 69K May 24, 2024, 10:02 p.m.
Friday's Markets Update (May 26, 2023) rate3 On Friday, personal consumption statistics were released, showing a surprising increase in inflation. However, traders remained engulfed by bullish momentum and pushed the NASDAQ (o:12736, c:12975) higher by 1.9 percent. BTC (o:26440, c:26767) increased by 1.2%. In April, the PCE Index exceeded e May 26, 2023, 11:29 p.m.
Friday's Markets Update (May 31, 2024) rate3 On Friday, stocks were uncertain, with the S&P gaining slightly. The Dow surged on a rebound in Salesforce. Investors focused on lower PCE inflation. For the week, most indexes were down slightly. On global markets, according to the latest GDP reports, India became the world’s fastest-growing major June 1, 2024, 1:58 a.m.
Friday's Markets Update (May 3, 2024) rate3 On Friday, an unexpected increase in the unemployment rate, combined with a significant slowdown in the services sector, led to a large upward gap in the stock market at the opening. Globally, the UK market reached an ATH, and Hong Kong indexes surged on hopes of China's revival. BTC led the crypto May 3, 2024, 8:33 p.m.
Friday's Markets Update (May 5, 2023) rate3 On Friday, after the markets stopped worrying (at least for a while) about the Fed rate, good news suddenly became good news again as traders refocused on the upcoming recession. The NASDAQ (o: 12073, c: 12235) as well as BTC (o: 28952, c: 29561) added 1.3% and 2.1% respectively during the daily ses May 6, 2023, 12:06 a.m.
Friday's Markets Update (November 10, 2023) rate3 On Friday, the Consumer Sentiment Index dropped but Nasdaq gained significantly, along with other major indexes, following hawkish comments from Powell and stabilizing Treasury yields. Major tech stocks saw increases, with Microsoft hitting an all-time high again. Meanwhile, BTC and ETH began to for Nov. 13, 2023, 2:32 a.m.
Friday's Markets Update (November 1, 2024) rate3 On Friday, stocks closed higher, with Amazon and Intel leading the gains after strong earnings. A weak jobs report, the upcoming Fed meeting, and the election added uncertainty. Oil prices increased again due to tensions in the Middle East, while China's manufacturing prospects improved on stimulus Nov. 2, 2024, 1:44 a.m.
Friday's Markets Update (November 16, 2024) rate3 On Friday, equities plummeted, with the major indices down 1-2%. Investors reacted to Powell’s comments on strong economic conditions and persistent inflation, leading to lowered expectations for interest rate cuts. Retail sales rose, but industrial production continues to fall. Concerns over potent Nov. 16, 2024, 2:50 a.m.
Friday's Markets Update (November 17, 2023) rate3 On Friday, the Census Bureau reported an unexpected increase in new home construction in October, while the Nasdaq moved mostly sideways. Alphabet, Microsoft, Nvidia, Meta, and Apple saw declines, while Amazon and Tesla rose. Simultaneously, BTC and ETH continued to correct technically. Other news: Nov. 17, 2023, 8:56 p.m.
Friday's Markets Update (November 29, 2024) rate3 On Friday, equities closed higher, with the S&P 500 and Dow reaching new ATHs. Tech stocks, particularly semiconductor companies, rallied on news of less stringent export restrictions to China. Retailers also gained due to strong Black Friday sales. In the EU, inflation continued to rise, indicating Nov. 30, 2024, 1:28 a.m.
Friday's Markets Update (November 3, 2023) rate3 On Friday, the Nasdaq rose after the jobs report showed the labor market cooled more than expected, reinforcing bullish bets that the Fed is done raising interest rates. Real estate, financials, and materials were the top performers, while most of the tech sector struggled, led by a fall in Apple sh Nov. 3, 2023, 8:27 p.m.
Friday's Markets Update (November 8, 2024) rate3 On Friday, equities rose to record highs once again, driven by optimism over Trump’s victory, a Fed interest rate cut, and surging consumer sentiment. The S&P surpassed 6,000, while the Dow reached 44,000 for the first time. Tesla's stock surged more than 8% after achieving a $1 trillion valuation. Nov. 9, 2024, 2:56 a.m.
Friday's Markets Update (October 11, 2024) rate3 On Friday, equities rallied, driven by strong bank earnings and a positive economic outlook. Meanwhile, producers' (PPI) inflation remained unchanged as consumer price index (CPI) rose, creating uncertainty about Fed rate cuts. The dollar reached a 2-month high as Indian industrial production declin Oct. 11, 2024, 10:11 p.m.
Friday's Markets Update (October 13, 2023) rate3 On Friday, Michigan Consumer Sentiment index is down, but the daily decline of Nasdaq and other stocks might be attributed more to technical factors aligned with rising geopolitical concerns prompted by the escalation in the Middle East conflict. Meanwhile, BTC and ETH are trading sideway below thei Oct. 13, 2023, 10:05 p.m.
Friday's Markets Update (October 18, 2024) rate3 On Friday, equities rose, fueled by strong tech performance. This week, the S&P 500 is up 0.2% and the Dow is up 1%. Gold reached a new ATH, while silver is at its highest in 12 years. BTC touched $69K and is set to make a new ATH, at last, while ETH, still at $2.6K, is lagging far behind. Detail Oct. 19, 2024, 3:06 a.m.
Friday's Markets Update (October 20, 2023) rate3 On Friday, the budget deficit narrowed, but Nasdaq and other stocks fell again due to unrest in the Middle East, rising bond yields, mixed earnings, and concerns about higher interest rates. Meanwhile, BTC extended its sudden rally, closing over 30K for the first time in two months. On the other han Oct. 20, 2023, 9:26 p.m.
Friday's Markets Update (October 25, 2024) rate3 On Friday, stocks closed in the red after the Nasdaq reached an ATH but then retreated, even as Michigan consumer sentiment hit its highest level in six months. Declines in banks overshadowed gains in technology, with Microsoft and Apple rising 1-2% ahead of earnings. For the week, the S&P and Dow f Oct. 26, 2024, 11:28 p.m.
Friday's Markets Update (October 27, 2023) rate3 On Friday, the Nasdaq showed a bearish doji, as corporate earnings reports were mixed and core PCE rose 0.3%, the most since May. Shares of Amazon and Intel jumped after the companies reported strong earnings. Meanwhile, BTC and ETH continued to linger in their previous ranges below 35K and 1.8K, re Oct. 29, 2023, 9:32 p.m.
Friday's Markets Update (October 4, 2024) rate3 On Friday, equities closed higher following a surprisingly strong jobs report. This reinforces Powell's view that the economy is in 'solid condition,' suggesting that the Fed is not in a hurry to cut interest rates. Internationally, silver reached a 12-year high amid geopolitical concerns and China' Oct. 5, 2024, 1:18 a.m.
Friday's Markets Update (October 6, 2023) rate3 On Friday, the Nasdaq rebounded sharply on Wall Street trying to harvest bears' stop-losses, with megacap stocks leading the way after a mixed jobs report. Microsoft, Nvidia, and Apple were among the top gainers, while Tesla lost ground after cutting prices. Meanwhile, BTC and ETH gains were much le Oct. 6, 2023, 8:53 p.m.
Friday's Markets Update (September 1, 2023) rate3 On Friday, The Nasdaq declined by 0.2% on Friday, despite job data showing that the labor market is cooling, giving the Fed room to pause the tightening cycle. Technicals were again in play, as traders took profits from the key resistance zone of 14–14.1K. BTC went sideways all day. Details Th Sept. 4, 2023, 2:26 a.m.
Friday's Markets Update (September 13, 2024) rate3 On Friday, stocks continued to rise on momentum, fueled by expectations of a 50-basis-point Fed rate cut due to lower inflation and rising unemployment. Tech and semiconductor stocks led the rally. Internationally, gold reached a new ATH while silver surged past 30 as industrial production in the Eu Sept. 17, 2024, 2:17 a.m.
Friday's Markets Update (September 15, 2023) rate3 On Friday, New York production activity is reported stable but Nasdaw fell sharply with megacap names leading the declines. Adobe declined 4.2% after earnings miss. Traders await the FOMC decision due next week. Also, investors were selling amid a massive options expiration on the third triple witch Sept. 17, 2023, 4:50 a.m.
Friday's Markets Update (September 22, 2023) rate3 On Friday, the Purchasing Managers Index stalled, indicating slowing business activity. The Nasdaq continued its downward trajectory, with bears attempting to test a critical support zone at 13.2K-13.0K. BTC traded sideways slightly above 26.5K, with players closely following macroeconomic data, ant Sept. 22, 2023, 11:40 p.m.
Friday's Markets Update (September 27, 2024) rate3 On Friday, stocks closed mixed, with the S&P and Nasdaq falling slightly while the Dow reached a new record. Investors weighed recent mixed data. The PCE price index hit its lowest level since Feb 2021, while the Michigan consumer index reached a 5-month high. Internationally, EU economic sentiment Sept. 27, 2024, 9:29 p.m.
Friday's Markets Update (September 29, 2023) rate3 On Friday, Core PCI rose the least since May 2021, and Nasdaq went up at the opening but then backtracked and closed in the red, marking its most bearish month of the year. Nvidia and Tesla saw increases after their ratings were upgraded. BTC moved sideways, reflecting the mood of Wall Street trader Sept. 29, 2023, 11:10 p.m.
Friday's Markets Update (September 6, 2024) rate3 On Friday, stocks plunged due to concerns about a weakening labor market and tech sell-off. Major tech companies and chipmakers suffered significant downside. The August jobs report and Fed comments further fueled market anxiety, leading to the worst weekly performance since early 2023. Globally, oi Sept. 6, 2024, 11:49 p.m.
Friday's Markets Update (September 8, 2023) rate3 On Friday, Consumer credits disappointed but Nasdaq and energy stocks rose slightly, while Apple shares edged up after a sharp decline in the previous two sessions due to news that Chinese government workers were banned from using iPhones. G20 doubled down on its pan to implement “the travel rule” w Sept. 17, 2023, 4:37 a.m.
Friday's Market Update (17 Feb, 2023) rate3 Friday's early trading session showed that the markets initially reacted negatively to a remark made by Thomas Barkin, the president of the Federal Reserve Bank of Richmond and a former CFO at McKinsey, who stated, "I'm not taking as much signal from the data that we've gotten recently." However, th Feb. 18, 2023, 12:14 a.m.
Friday's Market Update (August 18, 2023) rate3 On Friday, with the absence of macro news, Nasdaq tested its major support on 13.2K and managed to close in the green. BTC tried to stabilize after Thursday's flash crash, hovering above 26K, with a possible retest on 25K. Other: A recent report (Fortune) stipulates that VC to crypto dropped 90% fro Aug. 19, 2023, 1:31 a.m.
Friday's Market Update (Dec 30, 2022) rate3 Friday's NASDAQ was guided by institutional algorithms, again. After a bench of novices bought into yesterday's pseudo-rally, technical indicators showed a weakness and corporate traders sold the Index on the after-hours trading session (that is where infamous 'dark-pools' come into the picture). Dec. 31, 2022, 2:35 a.m.
Friday's Market Update (Jan 20, 2023) rate3 Friday's NASDAQ gaining 1.9 percent (o:10924, c:11140) was spectacularly outperformed by BTC jumping 5.6 percent during day's session (o:1553, c:1640). On after-hours BTC rushed through 22K getting to 22792 on its pick. Whales were feasting on short squeezes at Jan 20th. Also, existing-home sales Jan. 21, 2023, 5:33 a.m.
Friday's Market Update (July 14, 2023) rate3 On Friday, NASDAQ (o:14166, c:14113) increased 3.5% on the opening, putting it on track for its best week since March 17, despite a latter day dip. BTC (o:31126, c:30115) corrected sharply on traders rushing to fixate their profits. Details The University of Michigan consumer sentiment rose to 7 July 15, 2023, 6:09 p.m.
Friday's Market Update (May 19, 2023) rate3 On Friday, traders were expecting Jerome giving them clues on the markets’ direction. It didn’t happen, so NASDAQ (o:12709, c:12657) and BTC (o:26909, c:26890) just ranged. On the “Perspectives on Monetary Policy” panel before the Thomas Laubach Research Conference, Powell said, “We face uncertai May 21, 2023, 2:13 a.m.
Friday's Market Update (November 22, 2024) rate3 On Friday, equities closed higher with rising optimism, as measured by the PMI of purchasing managers. Investors rotated from tech stocks to cyclical sectors such as financials, industrials, and consumer discretionary. Nvidia and Alphabet declined, while Tesla and Walmart gained. The market is await Nov. 23, 2024, 1:06 a.m.
Friday's Market Update (November 24, 2023) rate3 On Friday, the private sector experienced continued marginal growth, and stock markets closed mixed following a shortened Thanksgiving week. The Nasdaq remained relatively flat. Mega-cap tech stocks like Apple, Meta, and Microsoft declined. Nvidia also slipped after reportedly delaying the launch of Nov. 25, 2023, 3:07 a.m.
Friday's Market Update (September 20, 2024) rate3 On Friday, stocks traded mixed, following a volatile week. The S&P and Nasdaq declined slightly, while the Dow rose. Fed policymakers had differing views on inflation, with one supporting a larger rate cut and another warning against premature action. For the week, stocks posted gains. International Sept. 24, 2024, 1:28 a.m.
Germany’s Economic Landscape: Current Challenges and Future Outlook rate3 Germany’s economic situation offers a complex landscape, reflecting a mix of cautious optimism and underlying challenges. The DAX recently closed marginally above the flatline at 20,429, extending its record high. This was achieved amidst a cautious sentiment in Europe as traders digested the latest Dec. 12, 2024, 9:59 p.m.
Good Friday's Markets Update (April 7, 2023) rate3 On Good Friday, as the markets were closed, there was not much activity for crypto traders, and BTC remained unchanged (opening at 27,892 and closing at 27,897). Meanwhile, the Bureau of Labor Statistics (BLS) reported that the unemployment rate for March had slightly declined to 3.5 percent, which April 9, 2023, 2:23 a.m.
How Blockchain and Cryptocurrencies Can Reduce Food Inflation rate3 The latest statistical data shows that food inflation is a major economic issue in many countries around the world. In some countries, such as Venezuela, Lebanon, and Zimbabwe, food inflation has reached staggering levels. Venezuela: 450% Lebanon: 304% Zimbabwe: 256% Argentina: 118% Iran: 78. July 12, 2023, 3:47 p.m.
Macro and Crypto rate3 I do not have a crystal ball, of course. Nonetheless, it looks like we won’t have the “simple fundamental trend” in both the macroeconomics and in the crypto industry for quite some time in the future. On the surface, the macroeconomic situation we have gotten ourselves into is reminiscent of tha March 12, 2023, 2:10 a.m.
McKinsey and DLT svet McKinsey is widely recognized to be one of the top-notch corporate consultancy houses and I started to research their "blockchain expertise" not without some understandable anticipation. Pretty soon, however, I was faced with a bleak reality. Not only their publishing on this subject is almost ful Sept. 24, 2019, 1:03 a.m.
Monday and Tuesday Updates rate3 Monday's markets played a rising opossum with no macro-data releases (usual for the week's start) and bullish pre-FED anticipations rising. Tuesday's inflation numbers showing 7.1 percent instead of the expected 7.6 heated bulls a bit which led to NASDAQ's ~4 percent gap-up opening (from 11118 to Dec. 14, 2022, 6:49 a.m.
Monday's and Tuesday's Market Update (Dec 26, 27, 2022) rate3 Monday, Dec 26 was the no-trading day in NY. So, BTC, left without guidance, was doing its usual ups-and-downs within 16600 - 16900 range. Tuesday's Case Shiller Index dropping 0.8 percent, while 1.2 was expected (together with Wholesale Inventories increased by 1.0 percent to USD 933.6B - 0.3 wa Dec. 27, 2022, 7:53 a.m.
Monday's Markets Update (9 January, 2023) rate3 Monday's morning NASDAQ was carried on by the Friday's momentum until midday, when Bostic (Atlanta Fed President) threw cold water on it (basically, reiterating Powell's ultra-hawkish position). (quote: Bloomberg) Asked by the moderator how long he saw rates above 5%, Bostic said: “Three words: Jan. 10, 2023, 10:33 a.m.
Monday's Markets Update (April 03, 2023)) rate3 Monday markets ranged with NASDAQ (o:12146, c:12189) and BTC (o:28163, c:28081) staying at their Friday's closing while the Manufacturing PMI coming in at 49.2 in March, in line with the preliminary estimate of 49.3 and above February's 47.3. This reading showed the weakest pace of contraction in th April 5, 2023, 3:49 p.m.
Monday's Markets Update (April 10, 2023) rate3 On Monday, the Census Bureau announced that February's total inventories of merchant wholesalers were USD 919.2B, up 0.4 percent from January (expectations were 0.2 with -0.6 previous). The increase was led by automotives, up 1.7 percent, and negatively affected by stocks of farm products, down 3.3 April 11, 2023, 3:16 a.m.
Monday's Markets Update (April 1, 2024) rate3 On Monday, stocks dipped after Q1 gains as manufacturing surprisingly grew, keeping the Fed on hold as inflation eased. Tech stocks rose (Microsoft, Nvidia, Amazon, Meta) while utilities lagged. Globally, China PMI surprised on the upside; oil remained steady. The dollar rose on manufacturing data, April 1, 2024, 7:24 p.m.
Monday's Markets Update (April 15, 2024) rate3 On Monday, stocks dipped to their month-low levels due to rising retail sales and a marginally stabilizing manufacturing slowdown. Globally, commodities continued to rally amidst worsening geopolitics, particularly with price rises for aluminum (due to new sanctions), tin, and rice. BTC and ETH atte April 15, 2024, 6:57 p.m.
Monday's Markets Update (April 22, 2024) rate3 On Monday, stocks started strong as short-term traders stepped in to buy amid technical overselling, bolstered by a perceived geopolitical relief. However, most investors are still on the sidelines, watching key economic data and earnings reports from major companies this week. Globally, gold and th April 22, 2024, 7:46 p.m.
Monday's Markets Update (April 24, 2023) rate3 On Monday, the Chicago Fed published their tantalizingly abstract National Activity Index (CFNAI), which is a weighted average of 85 monthly indicators of national economic activity. It came in at -0.19 in March, which was unchanged since February, undercutting the forecast of -0.02 and pointing to April 25, 2023, 1:12 a.m.
Monday's Markets Update (April 29, 2024) rate3 On Monday, stocks are mixed as investors monitor key earnings reports this week and await the Fed's rate decision on Wednesday. No rate change is expected. Comments on inflation will be closely followed. Tesla surged after receiving approval for its driver-assistance system in China. Internationally April 29, 2024, 8:11 p.m.
Monday's Markets Update (April 8, 2024) rate3 On Monday, stocks finished flat ahead of a data-heavy week. Investors are awaiting inflation data, consumer sentiment, and Fed clues on rate cuts. Earnings season starts Friday. Tesla surged 3% on robotaxi news, but Apple, Nvidia, and others fell. In the world's markets, Israel held interest rates a April 9, 2024, 12:40 a.m.
Monday's Markets Update (August 14,2023) rate3 On Monday, Nasdaq was boosted by technicals, helped by a jump in shares of Nvidia and joined by other megacap stocks, including Alphabet and Amazon. Nonetheless, BTC continued its bearish side-move. Other news: Coinbase launched a grassroots movement. The Japanese economy grew faster than expected. Aug. 15, 2023, 5:11 a.m.
Monday's Markets Update (August 19, 2024) rate3 On Monday, stocks maintained their upward trend, capitalizing on the previous week's gains and adding over $3 trillion in value from this month's lows. The S&P and the Nasdaq marked their eighth consecutive day of gains. Investor optimism is high ahead of a key speech by Powell. Globally, the euro, Aug. 19, 2024, 7:54 p.m.
Monday's Markets Update (August 21, 2023) rate3 On Monday, The Nasdaq rebounded from its strong resistance level of 13,200. Technicals outweighed traders' concerns over higher Treasury yields. On the crypto side, the negative sentiment fallout after Thursday's BTC crash totally defined players' strategies, which were basically to "wait and see." Aug. 24, 2023, 4:32 a.m.
Monday's Markets Update (August 26, 2024) rate3 On Monday, stocks were mixed, with the Dow hitting a record high while tech stocks fell. Investors anticipate rate cuts and focus on Nvidia's earnings. Durable goods orders rebounded to four-years-high. Internationally, dollar hit its yearly lows as gold and oil surged on Powell's dovish comments an Aug. 27, 2024, 2:44 a.m.
Monday's Markets Update (August 28, 2023) rate3 On Monday The Fed Dallas Manufacturing Index improved, but it remained in negative territory. The Nasdaq closed a bit higher on technicals, as traders largely remained undecided ahead of a batch of economic data. In other news, Binance is considering withdrawing from Russia. Manufacturing activit Aug. 29, 2023, 6:58 a.m.
Monday's Markets Update (August 5, 2024) rate3 On Monday, stocks plunged at opening amid recession fears, despite a stronger-than-expected services sector report. Tech giants led the decline, with Nvidia, Apple, and Microsoft investors suffering heavily. Internationally, all major world markets are in the deep red, with Japanese stocks experienc Aug. 5, 2024, 8:18 p.m.
Monday's Markets Update (August 7, 2023) rate3 On Monday, consumer credit expanded unexpectedly, with the NASDAQ being lethargically volatile as Apple and Tesla retreated. As traders await the Thursday's CPI report, BTC made a brief plunge under 29K again, confirming its bearish trend. Other news: Hong Kong's SFC warned crypto-investors, Bowman Aug. 8, 2023, 2:50 a.m.
Monday's Markets Update (December 11, 2023) rate3 On Monday, the Nasdaq rose, continuing its sixth straight weekly gain, as investors turned their attention to the upcoming Fed meeting and inflation data. While optimism remains, higher inflation could impact expectations for rate reductions. In the meantime, BTC and ETH experienced a significant co Dec. 11, 2023, 9:45 p.m.
Monday's Markets Update (December 16, 2024) rate3 On Monday, the S&P and Nasdaq rose, breaking the 22K mark for the first time, driven by gains in Tesla, Broadcom, Alphabet, and Apple. However, the Dow Jones continued to decline, reflecting deterioration in the manufacturing sector. Investors are focused on the Fed's interest rate decision in two d Dec. 18, 2024, 2:05 p.m.
Monday's Markets Update (December 18, 2023) rate3 On Monday, stocks extended their winning streak to 7 weeks, led by energy sector gains. Nasdaq rose, Apple shares dipped on patent issues. Investors expect lower rates, despite mixed views from policymakers. BTC and ETH declined on a pre-market but then surged back during a day remaining in a rising Dec. 18, 2023, 10:56 p.m.
Monday's Markets Update (December 2, 2024) rate3 On Monday equities rose to a new ATH as tech stocks continued to lead the Trump rally. Traders keep disregarding fundamentals reflected in worsening manufacturing data. Investors are now focused on the upcoming jobs report and Fed speeches. French stocks dropped on the threat of a no-confidence moti Dec. 3, 2024, 5:31 a.m.
Monday's Markets Update (December 4, 2023) rate3 On Monday, the Nasdaq closed barely in the green as investors paused to assess the interest rate outlook after the previous week's strong gains. Microsoft, Nvidia, Amazon, Alphabet, and Meta all declined by over 1%. However, crypto-exposed stocks like Coinbase surged as Bitcoin reached a 20-month hi Dec. 4, 2023, 10:08 p.m.
Monday's Markets Update (December 9, 2024) rate3 On Monday, major indexes declined by more than half a percentage point, marking their third straight loss. Nvidia fell amid a Chinese anti-monopoly investigation. Other tech stocks were affected as well, with Palantir, MicroStrategy and Coinbase down up to 10%. Investors are now eyeing Wednesday's i Dec. 10, 2024, 5:19 a.m.
Monday's Markets Update (Feb 6, 2023) rate3 With markets hovering at mid-2022 levels, the number of institutional investors willing to take on more risk has drastically decreased. As a result, traders are starting to look for pretexts to secure their profits. The Powell speech, scheduled for Tuesday at 9:40 AM (EST), appears to be a good enou Feb. 7, 2023, 9 a.m.
Monday's Markets Update (February 12, 2024) rate3 On Monday, stocks were mostly flat near record highs ahead of the CPI release, as earnings season continued. The S&P 500 and Nasdaq 100 hit ATH again and then slightly declined. Investors awaited remarks from Fed officials for signs of potential interest rate cuts. On global markets, EU stocks reach Feb. 12, 2024, 10:56 p.m.
Monday's Markets Update (February 19, 2024) rate3 On Monday, as markets remained closed for the national holiday, EU stocks were steady due to an absence of directional signals for investors. Chinese traders returned from Lunar New Year break energized by strong tourism activity data (+47.3% YoY), leading to a strengthened yuan. Still, aluminum pri Feb. 19, 2024, 9:34 p.m.
Monday's Markets Update (February 26, 2024) rate3 On Monday, the Dow, S&P 500, and Nasdaq closed slightly down, with utilities, communication services, and real estate leading the decline. Amazon joined the Dow, replacing Walgreens Boots Alliance. On the world's arena, Xi supported dwindling Chinese markets by encouraging consumers' goods producers Feb. 27, 2024, 1:51 a.m.
Monday's Markets Update (February 5, 2024) rate3 On Monday, stock indexes closed lower as upbeat PMI data and Fed comments dampened hopes of a March rate cut. Meta declined on profit taking, Boeing dropped due to weaker outlooks after reworking 50 737 Max jets, Nvidia hit ATH while Tesla dropped to a 10-month low. On the global scene, Eurozone PMI Feb. 5, 2024, 9:45 p.m.
Monday's Markets Update (Jan 23, 2023) rate3 Today, the NASDAQ rose from 11,171 to 11,364, adding 1.7 percent during the day session. Meanwhile, BTC appears to be gathering momentum and lingered between 22.7K and 23K. It looks like traders are starting to contemplate the major resistance zone ahead (11.5K for NASDAQ and 25K for BTC), where the Jan. 23, 2023, 10:47 p.m.
Monday's Markets Update (January 15, 2024) rate3 On Monday, Martin Luther King Jr. Day saw BTC and ETH trading flat at $42.7K and $2.5K, respectively, as markets remained closed. In the EU, stocks were marginally in the red as regional industrial production fell. In commodities, natural gas prices corrected slightly after a sudden +20% surge due t Jan. 16, 2024, 1:42 a.m.
Monday's Markets Update (January 22, 20240 rate3 On Monday, Wall Street's major indices, including the S&P 500, Dow Jones, and Nasdaq 100, hit record highs. Notable performances came from Apple and Nvidia. However, technical graphs show that stock indexes are starting to show weakness. Investors await key economic data on Q4 GDP growth, PCE, and S Jan. 23, 2024, 8:24 p.m.
Monday's Markets Update (January 29, 2024) rate3 On Monday, the Dallas Fed Index hit an eight-month low, and traders reacted by pushing stocks higher, with the S&P 500 and Nasdaq reaching new heights. Tech and consumer staples gained, while energy lagged. Meta hit an all-time high. However, most traders caution anticipating the Fed decision and 19 Jan. 29, 2024, 11:33 p.m.
Monday's Markets Update (January 8, 2024) rate3 On Monday, Nasdaq and other stocks rose sharply led by tech shares and chip makers. Dow gained despite Boeing's 8% drop on 737 MAX 9 Jets issue. Oil giants fell as oil prices sank on Saudi output rise and price cuts. Investors await CPI data and big bank earnings reports. BTC rose more than 6% leadi Jan. 9, 2024, 6:19 p.m.
Monday's Markets Update (July 10, 2023) rate3 On Monday, the Nasdaq (o:13645, c:13685) edged up a bit. Mega-cap names underperformed as investors rotated out of growth and into cyclical stocks. Traders are now awaiting consumer inflation data on Wednesday and producer inflation figures on Thursday for fresh insights into the economy. At the sam July 12, 2023, 3:43 p.m.
Monday's Markets Update (July 1, 2024) rate3 On Monday, stocks opened the second half of the year with gains. Tech giants led the way, with Tesla surging ~6% and Meta seeing gains despite EU regulatory concerns. The ISM Manufacturing PMI showed a slower contraction in the sector, and traders will monitor key indicators this week to assess the July 2, 2024, 2:56 a.m.
Monday's Markets Update (July 14, 2023) rate3 On Monday, the major market indexes rose, with the DJ hitting a new ATH and small-cap stocks surging. Energy, finance, and industrial sectors outperformed, while utilities, staples, and healthcare lagged. The market reaction was influenced by Powell's statement that the Fed will not wait until infla July 16, 2024, 3:25 a.m.
Monday's Markets Update (July 17, 2023) rate3 On Monday, The Nasdaq Composite index opened up 0.3%, as traders prepared for a week of corporate earnings. Meanwhile, disappointing economic data from China weighed on investor sentiment. The economic calendar is light and Fed officials will be muted ahead of the FOMC monetary policy decision next July 17, 2023, 4:43 p.m.
Monday's Markets Update (July 22, 2024) rate3 On Monday, stocks rebounded from the previous week's downturn, with tech and communication sectors leading the way. Investors are monitoring the political landscape as Biden dropped out and the presidential race heats up. Internationally, China's central bank cut its rate in an attempt to boost the July 22, 2024, 6:14 p.m.
Monday's Markets Update (July 24, 2023) rate3 On Monday, NASDAQ dwindled and BTC plunged below 29K as the Services PMI dropped and traders await the Fed's monetary policy decision on Wednesday, with a 25 basis point increase expected. Details: The Services PMI fell to 52.4 in July, the weakest level since February. New sales growth slowed am July 24, 2023, 7:05 p.m.
Monday's Markets Update (July 29, 2024) rate3 On Monday, stocks saw a slight downtick, drown by tech giants ahead of earnings reports. Investors await the Fed's decision on interest rates this week, with hopes for a potential rate cut in September. Despite recent market volatility, some companies reported strong earnings, offering a glimmer of July 30, 2024, midnight
Monday's Markets Update (July 31, 2023) rate3 On Monday, manufacturing in Texas improved, but was still in contraction. NASDAQ went dormant as investors awaited new macro-updates this week (PMI, jobs). Some of them were betting that the closure of the Powell interest rate hike campaign was close, while others waited for a spectacular crash to h July 31, 2023, 11:45 p.m.
Monday's Markets Update (July 3, 2023) rate3 On Monday, Manufacturing PMI decreased, but NASDAQ (open: 13,798, close: 13,816) held its ground largely thanks to Tesla (+6%) beating production estimates. BTC (open: 30,653, close: 31,255) added +2.0% on bulls using technicals to drive it further up. Details The ISM Manufacturing PMI decreased July 4, 2023, 5:27 p.m.
Monday's Markets Update (July 8, 2024) rate3 On Monday, the stock market closed with the S&P and Nasdaq setting new records again, while the DJ dropped. Inflation expectations fell for the second month in a row. Internationally, the French elections outcome brought relief to investors, as no party won a majority, reducing concerns over extreme July 8, 2024, 9:30 p.m.
Monday's Markets Update (June 12, 2023) rate3 On Monday, the NY Fed reported a decrease in inflation expectations, with traders expecting the FOMC to pause. As a result, the NASDAQ (o: 13326, c: 13461, +1.0) rose, while BTC (o: 25933, c: 25894) remained stagnant due to a lack of liquidity. At the one-year forecast horizon, the median expecta June 13, 2023, 5:48 a.m.
Monday's Markets Update (June 24, 2024) rate3 On Monday, stocks dipped, with tech leading the decline. Investors are waiting on inflation data and Fed comments this week. Energy stocks rose while Nvidia fell further. Internationally, oil is rising due to geopolitical tensions, the dollar is at a two-month high, and the yen dropped to a 34-year June 25, 2024, 3:26 a.m.
Monday's Markets Update (June 26, 2023) rate3 On Monday, Dallas Index went up a bit, but NASDAQ (open: 13,468, close: 13,335) continued to correct on a downside, while BTC (o: 30,359, c: 30,243) fluctuated sideways. Details: The Dallas Fed's manufacturing index in Texas rose to -23.2 in June, the highest in three months. However, the reading June 28, 2023, 10:07 a.m.
Monday's Markets Update (June 5, 2023) rate3 On Monday, The Services PMI declined, and the NASDAQ (o: 13,238, c: 12,229) corrected based on technicals. BTC (o: 26,690, c: 25,629) dropped due to news about the Binance persecution. The ISM Services PMI decreased to 50.3 in May from 51.9 in April, indicating a slower pace of the fifth consecut June 6, 2023, 6:32 a.m.
Monday's Markets Update (March 11, 2024) rate3 On Monday, stock market sees mixed performance. The Dow ticks up slightly, while the S&P 500 and Nasdaq dip. Tech sell-off hits Nvidia, AMD, and other tech stocks. However, materials, energy, and consumer stocks rose. Investors anticipate key inflation data before the Fed meeting on March 20. Intern March 12, 2024, 2:04 a.m.
Monday's Markets Update (March 13, 2023) rate3 I am sure that the majority of professional economists who have been critical of the Fed all this time thought on Monday that "I told you so" doesn't fully express what we all felt while listening to Biden's speech. The sheer size of the professional incompetence of our so-called "monetary author March 14, 2023, 2:38 a.m.
Monday's Markets Update (March 18, 2024) rate3 On Monday, stocks rebounded as investors focused on AI advancements ahead of the Fed meeting, overshadowing interest rate hike concerns underpinned by homebuilders' rising confidence. Apple and Alphabet benefited from news of AI integration. On the world's markets, Chinese manufacturing sector added March 18, 2024, 9:50 p.m.
Monday's Markets Update (March 20, 2023) rate3 On Monday, after the ironic expression "It would be like UBS and Credit Suisse merging" took on an entirely new meaning, traders' lack of directionality led to both NASDAQ (open: 11614, close: 11675) and BTC (open: 28188, close: 28126) staying pretty much at the same levels reached during Thursday a March 22, 2023, 3:15 a.m.
Monday's Markets Update (March 25, 2024) rate3 On Monday, new home sales decreased, Texas manufacturing slowed down while Chicago's picked up, stocks paused after last week's record highs. DJ fell, S&P dipped, Nasdaq remained flat. Consumer staples and industrials led declines, while energy outperformed. Intel and Microsoft dropped on China news March 25, 2024, 8:29 p.m.
Monday's Markets Update (March 27, 2023) rate3 On Monday, the Dallas Fed's general business activity index for manufacturing in March fell to -15.7 (the forecast was -10) from -13.5 in February. This marked the second straight month of signaling that broader business conditions continued to worsen in Texas. However, this didn't provide any new i March 28, 2023, 2:53 a.m.
Monday's Markets Update (March 4, 2023) rate3 On Monday, stocks indices closed lower as investors awaited economic data releases and Powell's congressional testimony for insights. Meanwhile, on world markets, gold hit a record high, while Japanese manufacturing continued to expand and Chinese production slowed down slightly. Bitcoin almost reac March 5, 2024, 3:52 a.m.
Monday's Markets Update (March 6, 2023) rate3 On Monday, traders' actions were defined by technicals, with the NASDAQ taking a pause at 11.7K (opening: 11736, closing: 11675) after hiking on Thursday and Friday, while BTC continued to slowly drift sideways (opening: 22397, closing: 22393). This cooling down might also be attributed to markets a March 6, 2023, 11:16 p.m.
Monday's Markets Update (May 13, 2024) rate3 On Monday, stocks paused as investors wait for inflation data. Apple surged on news of a potential integration with ChatGPT. Globally, copper prices continued to rise on demand expectations, while the Euro keeps depreciating against the dollar on expectations of ECB cuts. BTC surged above 63K on sud May 13, 2024, 8:14 p.m.
Monday's Markets Update (May 15, 2023) rate3 On Monday, the NY Fed reported that business conditions had deteriorated far beyond expectations. However, traders, focusing on technicals, managed to push the NASDAQ (o:12301, c:12365) slightly higher, while BTC (o:27395, c:27418) remained unchanged. New York business activity dropped sharply pe May 15, 2023, 11 p.m.
Monday's Markets Update (May 22, 2023) rate3 On Monday, Fed Bullard came out hawkish as usual, while Fed Barkin was on the fence, and Fed Bostic wanted to wait and see. Traders were bored. The NASDAQ (o: 12,644, c: 12,720) and BTC (o: 26,731, c: 26,862) were flat. There are many who say that not only are FOMC members confused, but also that May 22, 2023, 11:07 p.m.
Monday's Markets Update (May 27, 2024) rate3 On Monday, stock markets closed for a Memorial Day holiday and the dollar is on hold while BTC and ETH took a pause after re-visiting 70K and 3.9K correspondingly, as the rest of the crypto market continued to growth with Chainling adding 10% as Polygon, Solana, Avalanche and Algorand grew by 4% and May 27, 2024, 11:49 p.m.
Monday's Markets Update (May 6, 2024) rate3 On Monday, stocks rose at the start of the week, extending gains on hopes of a Fed rate cut in September, still fueled by Friday's weak jobs data. Investors will look for clues from Fed officials and earnings reports. Internationally, copper reached a two-year high, while China's economy sends mixed May 6, 2024, 8:53 p.m.
Monday's Markets Update (May 8, 2023) rate3 On Monday, the NY FED reported that short-term inflation expectations had declined to 4.4 percent, while long-term expectations had risen slightly. The stock market was mixed due to the absence of news, with NASDAQ (open: 12231, close: 12256) trailing. Additionally, BTC (open: 27766, close: 27340) c May 8, 2023, 11:30 p.m.
Monday's Markets Update (November 11, 2024) rate3 On Monday, stocks rallied, driven by optimism surrounding Trump's re-election and the GOP gaining a majority in both the Senate and the House. Tech stocks, particularly Tesla and crypto-related companies, led the gains. Investors are now looking toward the comments from Fed officials and the upcomin Nov. 12, 2024, 4:14 a.m.
Monday's Markets Update (November 13, 2023) rate3 On Monday, the Nasdaq relented as traders took a pause after Friday's price surge, awaiting key economic data releases, including the CPI report. Investors also responded to Moody's negative downgrade of the U.S. credit outlook. Tech stocks like Apple, Microsoft, and Amazon saw declines, while Nvidi Nov. 13, 2023, 7 p.m.
Monday's Markets Update (November 20, 2023) rate3 On Monday, the major stock indexes gained, with the Nasdaq leading the way, as Microsoft reached an all-time high following news that the company has hired two former OpenAI executives to head a new advanced AI research team. Still, most traders awaited the FOMC's minutes on Tuesday, which could pro Nov. 20, 2023, 9:26 p.m.
Monday's Markets Update (November 25, 2024) rate3 On Monday, equities were mixed as economy continued to slow down, as reflected in the decline of manufacturing indexes. Investors welcomed Bessent's nomination, anticipating the Treasury's market-friendly policies. Retail stocks like Macy's and Bath & Body Works saw significant movements. The market Nov. 26, 2024, 4:39 a.m.
Monday's Markets Update (November 27, 2023) rate3 On Monday, the number of sold houses decreased, the Dallas Fed's index dropped, and Nasdaq, along with other major stock indexes, were trading slightly lower as investors awaited key economic releases, including the Fed's preferred inflation measure, PCE. Nvidia, Microsoft, and Amazon saw positive m Nov. 27, 2023, 9:34 p.m.
Monday's Markets Update (November 4, 2024) rate3 On Monday, equities fell amid a weakening manufacturing sector, with major tech stocks leading the decline as some traders exited the markets prior to the elections. However, after-hours trading presented a mixed picture. Palantir soared on strong earnings, while NXP Semiconductor plunged due to a w Nov. 5, 2024, 3:37 a.m.
Monday's Markets Update (November 6, 2023) rate3 On Monday, Nasdaq remained stagnant following a strong week and within its key resistance zone of 13K-13.5K. Bulls believe the Fed's rate hikes are over and await corporate results. Tech and healthcare led the gains, while real estate lagged. Apple, Microsoft, Amazon, and Nvidia rose, while Tesla an Nov. 7, 2023, 1:35 a.m.
Monday's Markets Update (October 14, 2024) rate3 On Monday, equities rose, with the Dow and S&P reaching new ATHs. The Nasdaq also gained. Tech, utilities, and real estate sectors led the gains, while energy declined. The dollar reached a 2-month high. China's exports hit a 5-month low as India's inflation jumped to its highest in 9 months. ETH ou Oct. 15, 2024, 1:18 a.m.
Monday's Markets Update (October 16, 2023) rate3 On Monday, NY Manufacturing Index fell but Nasdaq gained on expectations of a dovish shift in Fed monetary policy linked to growing concerns about the war in the Middle East. Microsoft, Meta, Alphabet, and Tesla shares advanced. On a broader range of stocks, consumer discretionary, utilities, and en Oct. 19, 2023, 5:40 a.m.
Monday's Markets Update (October 21, 2024) rate3 On Monday, stocks declined after their longest weekly rally of the year, as investors prepared for a busy earnings week, while Treasury yields rose, impacting consumer and homebuilder shares. Major earnings reports are anticipated from Tesla, Coca-Cola, and GE Aerospace, with 79% of companies exceed Oct. 22, 2024, 3:41 a.m.
Monday's Markets Update (October 2, 2023) rate3 On MondayTraders cheered the better-than-expected ISM Manufacturing PMI, and the Nasdaq rose slightly on the first day of Q4. However, investors are concerned that high interest rates could persist, putting pressure on stocks in the coming months. Both BTC and ETH saw increases, with BTC surpassing Oct. 3, 2023, 2:40 a.m.
Monday's Markets Update (October 23, 2023) rate3 On Monday, Chicago Index increased a bit, and Nasdaq rose slightly. This came ahead of a busy week with earnings reports from four big tech companies. Tech and consumer discretionary stocks were the top performers, while energy and materials stocks lagged. Microsoft, Alphabet, Amazon, and Meta all a Oct. 23, 2023, 10:27 p.m.
Monday's Markets Update (October 28, 2024) rate3 On Monday, stocks closed higher while investors await job openings and labor turnover data. Apple, Amazon, Meta, Microsoft, and Alphabet are set to report earnings. Gold is up due to geopolitical factors. Japan's unemployment rate dropped to a two-year low. BTC surged above $70K, driven by strong in Oct. 29, 2024, 4:23 a.m.
Monday's Markets Update (October 30, 2023) rate3 On Monday, Texas business activity declined, but the Nasdaq rose on technicals and ahead of the Fed's interest rate decision, as well as Apple's earnings report. Technology, financial, and consumer discretionary stocks led the gains. Large-cap stocks, such as Alphabet, Microsoft, Amazon, and Meta, r Oct. 31, 2023, 9:03 p.m.
Monday's Markets Update (October 7, 2024) rate3 On Monday, equities tumbled as investors now assign a 95% chance of a 25 basis point cut in November. Globally, crude oil climbed to a six-week high, while steel prices reached their highest level in three months, as the dollar remained elevated due to the rising threat of global conflicts. Meanwhil Oct. 8, 2024, 1:16 a.m.
Monday's Markets Update (October 9, 2023) rate3 On Monday, the Nasdaq rebounded on technicals despite lingering concerns over the Israel-Hamas conflict and rising oil prices weighed on markets. Tech stocks mixed, with some stocks down and others up. Travel stocks declined sharply, with Carnival, United, Delta, and American all down more than 4% d Oct. 9, 2023, 10:56 p.m.
Monday's Markets Update (September 11, 2023) rate3 On Monday, Nasdaq jumps up for second winning day. Traders ignored rising inflation expectations focusing on the micro-economic data instead. Tesla, Qualcomm, Meta Platforms rise on positive news. BTC dropped on technicals with Bears testing the important resistance on 25.4K. Other news: Crypto fund Sept. 17, 2023, 4:42 a.m.
Monday's Markets Update (September 16, 2024) rate3 On Monday, stocks traded mixed, with investors awaiting the Fed's interest rate decision on Wednesday. The Dow hit a new ATH, while expectations for a larger rate cut increased, and the energy and financial sectors outperformed as chipmaker stocks fell. Internationally, gold reached a new ATH again, Sept. 17, 2024, 2:25 a.m.
Monday's Markets Update (September 18, 2023) rate3 On Monday, The NAHB Index fell to its lowest level in five months, and the Nasdaq traded close to its opening as traders hesitated to make stakes before the Federal Reserve's next interest rate decision due on Wednesday (a pause is expected at 5.25% - 5.5%). Tesla declined, while Apple increased on Sept. 20, 2023, 4:17 a.m.
Monday's Markets Update (September 23, 2024) rate3 On Monday, stocks reached new highs, yet again. Intel shares rose on investment news, while Tesla gained ahead of its robotaxi launch. Economic data, however, raised concerns about growth, with manufacturing at a 15-month low and job market indicators weakening. Internationally, gold, natural gas, a Sept. 24, 2024, 1:31 a.m.
Monday's Markets Update (September 25, 2023) rate3 On Monday, Texas' manufacturing activity is down, but the Nasdaq index rose, boosted by Amazon investing USD 4 billion in AI and Netflix settling a labor dispute with screenwriters. BTC and ETH are experiencing mixed performances, with BTC holding above 26.2K and ETH hovering below 16K. Other news: Sept. 26, 2023, 6:22 a.m.
Monday's Markets Update (September30, 2024) rate3 On Monday, stocks ended higher after investors analyzed Powell's remarks. The S&P and Nasdaq reached record highs, while the Dow rose slightly. Powell noted that the Fed doesn't adhere to a fixed plan but mentioned the possibility of two quarter-point rate cuts this year. As traders await key econom Oct. 1, 2024, 4:25 a.m.
Monday's Markets Update (September 9, 2024) rate3 On Monday, stocks attempted to rebound after a rough week, driven by investor optimism about lower prices and a potential rate cut. Investors are now focused on Wednesday's inflation data to gauge the Fed's upcoming policy decision on September 18. Internationally, the Chinese yuan weakened as the l Sept. 9, 2024, 9:37 p.m.
Monday's Market Update (April 17, 2023) rate3 On Monday, the NY Fed reported that new orders and shipments had surged in the state, bringing April's Empire State Manufacturing Index to its five-month high of +10.8. The previous reading was -24.6, while most economists had projected -16. Meanwhile, short-term Treasuries continued to climb higher April 18, 2023, 3:41 a.m.
Monday's Market Update (August 12, 2024) rate3 On Monday stocks wavered, mostly in the red, as investors awaited key economic data. Inflation expectations fell to a record low, while tech stocks outperformed other sectors. Megacap stocks were mixed, with Tesla and Home Depot leading the declines. Internationally, oil rose by approximately 4% due Aug. 12, 2024, 8:16 p.m.
Monday's Market Update (Feb 13, 2023 rate3 On February 12, the New York Department of Financial Services (NYDFS) issued an order to Paxos, a digital asset trust company, to cease creating new Binance USD (BUSD) tokens. According to the regulator, there were several unresolved issues related to Paxos' oversight of its relationship with Binanc Feb. 14, 2023, 10:20 a.m.
Monday's Market Update (Feb 27, 2023) rate3 On Monday morning, the Census Bureau reported that durable goods orders, which are meant to last at least three years, sank 4.5 percent in January. This was almost in line with market forecasts of -4 and the most significant drop since April of 2020. Orders for non-defense aircraft and parts showed Feb. 27, 2023, 10:16 p.m.
Monday's Market Update: (Jan 30, 2023) rate3 On Monday, NASDAQ experienced a setback starting with a morning gap at 11512 and continued to decline throughout the day, reaching a low of 11393 (-1.0 percent). Meanwhile, BTC, which had started correcting the night before, began the day at 23057 and ended the session at 22743 (-1.3). It appears th Jan. 31, 2023, 7:23 a.m.
Monday's Market Update (June 10, 2024) rate3 On Monday, stocks rose, with the S&P and Nasdaq hitting new record highs despite investors awaiting the Fed's rate decision later this week. Energy and utility stocks led the gains, while financials and consumer staples fell. Internationally, EU stocks plunged after far-right parties won the EU Parl June 11, 2024, 3:34 a.m.
Monday's Market Update (June 17, 2024) rate3 On Monday, stock markets climbed, with the S&P and Nasdaq hitting new records. Tech stocks led the gains, while investors awaited economic data and Fed speeches for clues on future interest rates. The NY Empire State Manufacturing Index showed some improvement but still indicated a slight decline in June 18, 2024, 12:35 a.m.
Monday's Market Update (June 3, 2024) rate3 On Monday, stocks declined marginally after a lower-than-expected PMI indicated a manufacturing slowdown. Investors shifted their focus from expecting interest rate cuts to fearing a weakening economy, with banks and industrial stocks leading the decline. The tech sector was mixed, with Nvidia gaini June 4, 2024, 2 a.m.
Monday's Market Update (May 1, 2023) rate3 On Monday, JMP seized FRB, and the Manufacturing PMI rose to 47.1 in April (consensus was 46.8), up from a three-year low of 46.3 in March. Meanwhile, traders took a pause as expected prior to the FED meeting starting tomorrow. The NASDAQ (o:12210, c:12212) stalled as BTC (o:28596, c:27843) dropped May 1, 2023, 11:27 p.m.
Monday's Market Update (May 20, 2024) rate3 On Monday, tech stocks, led by Nvidia, fueled the rally, with the Nasdaq hitting a new record high. However, the Dow Jones dipped due to a decline in JP Morgan Chase shares. World markets were hit by a major commodities rally on the perceived political destabilization in Iran, with gold and copper s May 20, 2024, 9:24 p.m.
Moving Beyond Elitist Systems and Reimagining Monetary Policies rate3 Introduction: We are not living in an era defined by the simplistic narrative of good versus evil. Instead, we find ourselves amidst a profound period of generational change, where traditional, conservative systems across government, society, and the economy are being replaced by dynamic, technol Dec. 13, 2023, 5:58 p.m.
National Bureau of Statistics of China GDP Growth Report (Q1) as of 18 April, 2023 (English translation) rate3 In the first quarter, faced with grave and complex international environment as well as arduous tasks to advance reform, development and ensure stability at home, under the strong leadership of the Central Committee of the Communist Party of China with Comrade Xi Jinping as the core, all regions and April 19, 2023, 3:14 a.m.
PWC and Blockchain svet After covering in series of previous reviews E&Y, KPMG and D&T we're getting, at last, to PWC - by far the leading publisher of open-for-all reports about the state of DLT industry (its "ICO/STOs" analysis have been mentioned in group's posts more than once). Today, however, I've chosen PWC's "Glo Sept. 16, 2019, 2:33 a.m.
Readers Question: What are current US Freight Flows? rate3 One of our subscribers asked us a question on the current state of US Freight Flows. That is a good question, which, however, are not widely covered by financial medias and not closely watched by traders. The reason is that most stock market players are focused on corporate bottom lines, in which Feb. 4, 2023, 10:13 a.m.
SVB “Squeeze” rate3 The situation with SVB is a direct result of the Federal Reserve’s reckless policy of hiking rates at a historically unprecedented speed. As the inter-bank rate increased, Treasuries, municipal bonds, and mortgage-backed securities that SVB held on its balance sheet, totaling over $117 billion USD ( March 15, 2023, 2:13 a.m.
SVET Daily Market Update (Monday, December 5) rate3 ISM coming out with unexpectedly high PMI (56.5 vs 53) brought NASDAQ down right after the index release at 9:30 AM ET. After that BTC, which was downing 12 hrs prior to that, recovered (going over 1700) while NASDAQ continued to drop reaching below 11200 and closing at 11239. However, most of th Dec. 6, 2022, 2:47 a.m.
SVET Daily Market Update (Tuesday, December 6) rate3 Tuesday's Balance of Trade analysts' preliminary estimates (~USD -73B) came a bit short of what BEA announced today (USD -78.2B), showing decrease in exports (to 256.8B) and increase in imports (334.8B led by the fuel oil) but that, of course, not what moved the markets. NASDAQ closed at 11014 (d Dec. 7, 2022, 7:03 a.m.
SVET Daily Market Update (Wednesday, December 7): rate3 Wednesday's markets went sideways with NASDAQ ranging 10900 to 11050 (and BTC - 16700 to 16900), which forms a small ascending triangle on hourly indicating the possible technical correction after yesterday's debacle. Today is no-news day on the macroeconomic side. Mortgage Bankers Association Dec. 8, 2022, 1:13 a.m.
SVET Daily (Powell speech at Wednesday, Nov 30) rate3 Wednesday, Nov 30 we have seen NASDAQ rebounding spectacularly on the Powell's speech, going from 11K to 11450 - 4 percent rise - in a matter of minutes, something we haven't seen for quite a while. BTC followed but with much lesser vigor - from 16800 to 17200 (2.3 percent), which, again, demonst Dec. 1, 2022, 2:26 a.m.
SVET Friday Markets Update: rate3 Friday, December 02 markets remained unperturbed (with NASDAQ gaining ~60 points and BTC adding about the same) despite BLS Payroll report showing an unexpected increase (by 263,000) of employed peoples in the non-farm sector. Gains were registered in leisure, hospitality and government. Employment Dec. 3, 2022, 5:56 a.m.
SVET Friday Update (June 17, 2022) Crypto_Steward Players feel emotionally drained after the hellish Sunday’s session and the jittery mid-week. It results in BTC hourly price bars slowly arranging in a bearish flag-formation. Although, market sentiments indicators show some positive shifts (with the fear-and-greed indicator going from 7 to 9), t June 18, 2022, 12:25 a.m.
SVET Investor Sentiments Update (July 5, 2022) Crypto_Steward Here’s my brief update of the prevailing investor sentiments (including, those in the Silicon Valley): Overall, markets participants gloom-and-doom dispositions have not been fundamentally negated, yet. All key negative macro-factors playing into the indefinite prolongation of the current bear July 6, 2022, 1:59 a.m.
SVET Markets Current Outlook rate3 Financial markets have a tendency to look ahead. Typically, a stock or cryptocurrency recovery takes place prior to a general improvement in macroeconomic conditions, with an average lead time of 6 months. The Federal Open Market Committee's restrictive policy is the main factor that affects sto Feb. 12, 2023, 1:44 a.m.
SVET Markets Feedback (July 9, 2022) Crypto_Steward Living in a crypto-bubble during a recession brings to us the blessed ignorance. Fear-and-greed index, which is widely used by media commentators to sample crypto-market sentiments, has been steadily rising during the past week reaching to 24 today. Whether prices cause sentiments to change or July 10, 2022, 5:23 a.m.
SVET Markets Tuesday Update (June 21, 2022). Are We Bottoming? Crypto_Steward Is investors capitulation already here or we still have to wait for it? In January 2020 I optimistically predicated that we’ll reach the bear market bottom at the Independence Day. Today I assign 80% probability to that markets have already priced in two major macro-factors affecting prices — the June 22, 2022, 12:41 a.m.
SVET Markets Update (Mon, Dec 19 - Tu, Dec 21) rate3 Monday, December 19, we tasted a piece of bull's happy-meal taken straight from the 2021 cooking book. The National Association of Home Builders reported Housing Market Index contraction to 31 instead of 32 (expected by most analysts). That must not have been the big deal as this index was continuou Dec. 22, 2022, 5:40 a.m.
SVET Markets Weekly Update (April 03–07, 2023) rate3 During the shorter week of Good Friday, corporate traders were primarily focused on technical analysis and used the market uncertainties caused by a discrepancy between leading and lagging indicators to quickly close their positions on both sides. Notable Macroeconomic Updates: Unemployment Ra April 9, 2023, 2:25 a.m.
SVET Markets Weekly Update (April 10 - 14, 2023) rate3 The 14th week saw NASDAQ break 12K (open: 11975, close: 12123, +1.2%). BTC rose to its 10-month high of 31K (open: 28277, close: 30324, +7.2%), underpinned by data showing the unforeseen decrease in PPI on Thursday and the slowing inflation on Wednesday. At the same time, the markets seem to be gett April 16, 2023, 2:26 a.m.
SVET Markets Weekly Update (April 13–17, 2024) rate3 On Week 20, major stock indexes reached all-time highs, despite worsening macroeconomic data worldwide hinting at a looming recession. Traders are buoyed by expectations that the Federal Reserve will respond to the deteriorating economic conditions with rate cuts sooner than anticipated. However, th May 17, 2024, 8:01 p.m.
SVET Markets Weekly Update (April 15–19, 2024) rate3 On Week 16, the stock market was down significantly. The S&P has had its worst week in six months, wiping out almost all its gains since the beginning of the year. Economic growth concerns around the world conflict with persistent inflation worries in major economies, underscored by the Fed’s indeci April 21, 2024, 4:26 p.m.
SVET Markets Weekly Update (April 1–5, 2024) rate3 On Week 14 jobs data fluctuated, leaving analysts bewildered. Meanwhile, Fed officials added to the confusion with their mixed messages on rate cuts. Globally, tensions between aging world leaders led to a downturn in commodities such as oil, gold, silver, zinc, and aluminum. Additionally, food p April 5, 2024, 7:54 p.m.
SVET Markets Weekly Update (April 17–21, 2023) rate3 During week 15, trading was primarily driven by technical factors. NASDAQ ranged (o:12108, c:12072) between 12245 and 11986, while BTC corrected down by 7.6 percent from its 10-month high. On the macroeconomic side, we saw an unexpected surge in the Global Manufacturing PMI, and the “Beige Book” rep April 25, 2023, 1:09 a.m.
SVET Markets Weekly Update (April 22–26, 2024) rate3 On Week 17, BTC and ETH moved sideways, mostly recovering from a mid-week ~4% slump. Stock indexes closed with their first bullish candle in 5 weeks, propelled by good corporate reports, while expectations for a Fed rate cut dissipated. Globally, the yen weakened to generational lows due to dollar s April 26, 2024, 8:52 p.m.
SVET Markets Weekly Update (April 24–28, 2023) rate3 During Week 17, the focus was on better-than-expected corporate earnings. NASDAQ experienced a 1.4 percent increase, starting at 12053 and closing at 12226. BTC, on the other hand, reinforced its position more significantly, with a 6.7 percent growth, opening at 27443 and closing at 29328. Notabl April 28, 2023, 10:39 p.m.
SVET Markets Weekly Update (April 29 - May 3, 2024) rate3 On Week 16, the Fed held its rate at 5.2%, shifting to the hawkish side once again. This resulted in stocks and crypto markets moving sideways and downward until Friday when an unexpected surge in unemployment prompted a comeback attempt. Globally, the Japanese yen drama unfolded as the Bank of Japa May 3, 2024, 8:45 p.m.
SVET Markets Weekly Update (April 8–12, 2024) rate3 On Week 15, stocks and crypto continue their downward trend, influenced by technical, economic, and geopolitical factors. Wednesday’s CPI increase and Thursday’s spike in the dollar intensified this decline. Both stock and crypto markets appear more bearish on a daily basis. However, BTC and ETH are April 12, 2024, 9:14 p.m.
SVET Markets Weekly Update (August 1, 2022) Crypto_Steward August starts with two important leading indicators published by the Institute for Supply Management (ISM): ISM Purchasing Managers Index ( PMI) for July, which is coming out Monday, 1st of August at 09:00 AM and ISM Non-Manufacturing PMI for the past month, which will see the light of day at Wednes Aug. 1, 2022, 3:15 a.m.
SVET Markets Weekly Update (August 12–16, 2024) rate3 On Week 33, stocks surged, fueled by lower-than-expected producer inflation data and fewer unemployment benefit claims, easing recession worries while maintaining hopes for Fed rate cuts. Meanwhile, BTC and ETH stalled at $60K and $2.7K, respectively, despite the stock market’s upswing. In global ma Aug. 18, 2024, 7:40 p.m.
SVET Markets Weekly Update (August 13–19, 2023) rate3 In Week 33, China’s worsening economic situation and US economic resilience both disappointed traders. This led to a sharp decline in the Nasdaq, which triggered a BTC flash crash. Overall, it appears that markets have entered the “uncertainty about everything” phase, which can last for a prolonged Aug. 19, 2023, 2:09 a.m.
SVET Markets Weekly Update (August 15, 2022) Crypto_Steward The second week of August (as of every other month) brings notable macroeconomic updates on the state of the US housing market in July, including: Housing starts and Building Permits, both to be issued at Tuesday, August 16, 08:30 AM as well as Existing Home sales, scheduled for Thursday, August 18 Aug. 16, 2022, 5:41 a.m.
SVET Markets Weekly Update (August 19–23, 2024) rate3 On Week 34, data revealed weaker job growth, indicating a cooling labor market. Powell’s speech at the Jackson Hole confirmed expectations for an interest rate cut in September and fueled a market rally. On global markets, the dollar fell to an eight-month low, while gold reached a record high am Aug. 27, 2024, 2:48 a.m.
SVET Markets Weekly Update (August 20–26, 2023) rate3 During Week 34, markets fluctuated between hope and despair, depending on traders’ predictions of how FOMC members might (or might not) interpret different pieces of macroeconomic data. These exercises in mind-reading led to volatility in all world markets, except for cryptocurrency, where most bewi Aug. 27, 2023, 12:34 a.m.
SVET Markets Weekly Update (August 22, 2022) rate3 Week 34 brings to markets the monthly updates of four macroeconomic indicators closely watched by market analytics: on the state of the US consumers and businesses long-term expenditures in July, both produced by the US Census Bureau (CB) — the New Home Sales released Tuesday, August 23 at 10.00 AM Aug. 23, 2022, 6:58 a.m.
SVET Markets Weekly Update (August 26 - 30, 2024) rate3 SVET Markets Weekly Update (August 26 - 30, 2024) On Week 35, stock markets started to show signs of a slowing uptrend. The Fed's favored inflation indicator, Core PCE prices, increased at a lower speed. Globally, the dollar weakened to a 13-month low after Powell hinted at rate cuts. Gold hit a ne Aug. 31, 2024, 1:11 a.m.
SVET Markets Weekly Update (August 27 — September 2, 2023) rate3 On week 35, we have an increased optimism setting in due to expectations that the Fed is less likely to raise rates. Nasdaq was rising sharply at the start of the week, but corrected at the end by reaching key resistance levels. On the other hand, BTC first rose due to optimism regarding the Graysca Sept. 4, 2023, 2:26 a.m.
SVET Markets Weekly Update (August 29, 2022) rate3 As Powell’s Jackson Hall speech aftershocks continue to reverberate through all trading desks across the world, providing fresh fuel to bear market motors, macroeconomic releases of the upcoming week do not promise to be so consequential as Chairman depressing rhetoric. Nonetheless, with so much of Aug. 29, 2022, 4:17 a.m.
SVET Markets Weekly Update (August 5–9, 2024) rate3 On Week 32, stocks and crypto markets plummeted amid recession fears, with the Japanese indexes reaching 1987 lows. However, BTC staged a V-shaped recovery, climbing above 60K after a precipitous drop below 50K. Meanwhile, ETH remained suppressed at 2.5K. In global markets, the dollar and oil declin Aug. 9, 2024, 8:21 p.m.
SVET Markets Weekly Update (August 7–11, 2023) rate3 On Week 31 Moody’s cut the ratings of several banks, while CPI decreased and inflation increased less than expected. However, on Friday, PPI rose, surprising the markets. Nasdaq responded by declining, while BTC continued to hover over 29K, in the absence of a catalyst. On the crypto front, the F Aug. 13, 2023, 2:47 a.m.
SVET Markets Weekly Update (August 8, 2022) Crypto_Steward Despite the vocational period, with our main trouble-maker - FED - being in a recess, this August might become less slowish than many market participants anticipate due to the worsening geopolitical climate, when all three major nuclear powers coming closer and closer to a military confrontation. Aug. 8, 2022, 5:27 a.m.
SVET Markets Weekly Update (December 11–15, 2023) rate3 On Week 50, the FOMC kept interest rates at 5.5% and projected slower rate hikes, boosting the Nasdaq and other major stock indexes to new highs. However, Global PMIs revealed a strong services sector and weaker manufacturing. Meanwhile, BTC and ETH investors exhibited hesitancy, as prices formed ei Dec. 15, 2023, 8:52 p.m.
SVET Markets Weekly Update (December 12–16, 2022) rate3 The past week brought to us two macro-economic surprises — lower than expected inflation rate and retails sales reversal from growth to decline. At the same time, Powell’s reaction to the sound of the approaching recession was not surprising at all. Jerome ignored it completely and spooked the marke Dec. 18, 2022, 7:52 a.m.
SVET Markets Weekly Update (December 18 - 22, 2023) rate3 On Week 51, the Nasdaq, along with other major stock indexes, extended its rally into an eighth consecutive week of remarkable growth, driven by traders' expectations of multiple interest rate cuts by the Federal Reserve in 2024. Macroeconomic data revealed that the economy expanded by 4.9% annually Dec. 22, 2023, 10:23 p.m.
SVET Markets Weekly Update (December 19–23, 2022) rate3 The 51st week of year 2022 becomes the third red-candle week in a row. NASDAQ opened it at 10707 and closed at 10497 sliding another 2 percent down to the South. The leading tech index is still flirting with the support zone at 10100–10300 looking weaker and weaker each time it touches it. At the Dec. 24, 2022, 3:35 a.m.
SVET Markets Weekly Update (December 2 - 6, 2024) rate3 On Week 49, equities rose, with the S&P and Nasdaq setting new records, reflecting growing economic optimism as we moved into December. Economic sentiment reached a 21-month high; however, the surge in unemployment and a continued decrease in manufacturing activity have created confusion among trade Dec. 7, 2024, 2:38 a.m.
SVET Markets Weekly Update (December 26–29, 2023) rate3 On Week 52, the world’s markets corrected slightly on profit taking. However, on a yearly basis, almost all major indexes globally recorded record gains, except in China, where the Shanghai Composite and Shenzhen Component declined by 3.7% and 13.5% YoY. The S&P 500 added 24.7%, the Dow gained 13 Dec. 30, 2023, 12:22 a.m.
SVET Markets Weekly Update (December 26–30, 2022) rate3 The 52nd week formed the classical ‘dragonfly’ doji on the NASDAQ weekly graph — one of the oldest market reversal signals. Such candle-patterns are often misleading. Let’s hope that this one will be the exception :) Here are week’s day-by-day notes: Case-Shiller Home Price Index (Oct): -0.8 p Dec. 31, 2022, 7:50 a.m.
SVET Markets Weekly Update (December 4–8, 2023) rate3 On Week 49 the Nasdaq and other major stock indexes gained on weak economic statistics, including a cooling labor market and a slowing manufacturing sector, reinforcing expected Fed easing. However, on Friday, the new BLS data reporting a 3.7% unemployment rate came as a surprise, leading to a mixed Dec. 8, 2023, 8:30 p.m.
SVET Markets Weekly Update (December 5–12, 2022) rate3 The prior week NASDAQ (and BTC) charts went flat, as was expected. FOMC Dec 13 session loomed heavily on traders’ minds. Making small bets, playing RSI — that was the strategy under circumstances. On a macro-side there were the following updates to notice: ISM Non-Manufacturing PMI for Novembe Dec. 13, 2022, 11:27 p.m.
SVET Markets Weekly Update (December 5, 2022) rate3 The second halve of the prior week (30 Nov to 2 Dec) market players were trading one news — Powell’s hinting on 50 points increase on the next FOMC meeting (Dec 13) — dismissing all other macroeconomic updates, including: ADP Employment Change (for November): increased 239K while forecasts put it Dec. 5, 2022, 1:49 p.m.
SVET Markets Weekly Update (December 9–13, 2024) rate3 On Week 50, equities were mixed, with the Nasdaq reaching new ATHs while the S&P and Dow declined ahead of the Fed’s rate decision. Core inflation remained steady at 3.3%. Although prices for services such as shelter and transportation slowed, overall core inflation remained elevated. Producer price Dec. 18, 2024, 2:02 p.m.
SVET Markets Weekly Update (Feb 13–17, 2023) rate3 Week 8 developed as anticipated on the NASDAQ side, with the opening at 11,759 and closing at 11,787. Traders found themselves in a state of indecision due to contradictory fundamentals. However, BTC showed surprising agility, gaining a solid 15 percent, with the opening at 21,572 and closing at 24, Feb. 18, 2023, 4:11 a.m.
SVET Markets Weekly Update (Feb 21 - 24, 2023) rate3 Week 8 turned out to be volatile and bearish-leaning, as expected. NASDAQ reduced by -2.1 percent (opening at 11640 and closing at 11394), and BTC slipped by -4.7 percent (opening at 24272 and closing at 23127). The released macroeconomic data has kept traders on edge, demonstrating a surprising res Feb. 26, 2023, 8:52 p.m.
SVET Markets Weekly Update (Feb 27 — March 3, 2023) rate3 Week 9, which was characterized by neutral to, questionably, positive fundamentals, was not much different from the previous one for both stock and crypto traders on the volatility side. However, on Thursday, NASDAQ outperformed BTC as bulls attempted to squeeze shorts, while the major tech index fa March 6, 2023, 8:32 a.m.
SVET Markets Weekly Update (Feb 6–10, 2023) rate3 This week, NASDAQ saw a decline of 1.5 percent with its opening value of 11904 and closing of 11718. Meanwhile, BTC decreased by 5.3 percent from its opening of 22932 five days ago to its closing of 21724. Both of these changes can be considered as part of a normal corrective trend. Week’s macroe Feb. 11, 2023, 6:35 a.m.
SVET Markets Weekly Update (February 12–16, 2024) rate3 On Week 7, monthly inflation rose higher than expected, but the economy continued to show signs of slowing down, confusing traders and leading to a sideways move on stock markets. The Euro Area economy stagnated, while Japan entered a recession. Oil prices increased due to geopolitical tensions and Feb. 17, 2024, 2:19 a.m.
SVET Markets Weekly Update (February 19 - 23, 2024) rate3 On Week 9, BTC almost reached its ATH, and the crypto markets rallied as stocks continued to outperform worldwide. This was driven by easing inflation and slowing economies, with traders betting on central banks implementing rate easing policies sooner this year. On Monday, the Dow, S&P 500, and March 2, 2024, 2:43 a.m.
SVET Markets Weekly Update (February 19–23, 2024) rate3 On Week 8, Wall Street rallied on hopes for AI, with major world indexes following. Chinese markets were re-energized after the Lunar New Year break. Cocoa continued its unprecedented price rally. The crypto market was mostly flat, with BTC and ETH holding their two-year high levels. On Monday, a Feb. 23, 2024, 11:09 p.m.
SVET Markets Weekly Update (February 5–9, 2024) rate3 On Week 6, major stock indexes reached ATH with the S&P 500 marking 14 consecutive weeks of gains, a 50-year unprecedented record. Commodities, including oil, gold, and coffee, were on the rise due to the developing Middle East situation. Crypto markets rebounded with major alts leading the charge, Feb. 10, 2024, 1:54 a.m.
SVET Markets Weekly Update (Jan 02 - 05, 2024) rate3 On Week 1, the Nasdaq and S&P closed 1.8% and 3.8% lower, respectively, while the Dow Jones was down 0.7%. Meanwhile, BTC initially rose sharply, breaking the 45K barrier, but later stumbled due to massive profit-taking, leading to a downturn in the entire crypto market, with some coins falling by m Jan. 8, 2024, 3:40 a.m.
SVET Markets Weekly Update (Jan 15–19, 2024) rate3 On Week 3, the major stock indexes rallied, most reaching all-time highs, driven by the continued outperformance of the technology sector. Traders maintained optimism despite increasingly bearish comments from FOMC members, anticipating the expected Fed rate hikes. In contrast, EU markets slowed dow Jan. 21, 2024, 9:15 p.m.
SVET Markets Weekly Update (Jan 22 - 26, 2024) rate3 On Week 4, the economy expanded by 3.3%, and core PCE prices rose by 2.9% year-on-year - the lowest in three years - while WS's major indices hit record highs. On the global stage, European stocks rose to a five-week high on strong earnings, but the ECB's decision to keep interest rates at record hi Jan. 26, 2024, 8:58 p.m.
SVET Markets Weekly Update (Jan 29 — February 2, 2024) rate3 On Week 5, the Fed kept the rate unchanged at 5.5%, but hinted at no cuts in March. This didn’t stop the stock market from reaching ATH on all major indexes, with Meta showing a record 20% growth during one day. Simultaneously, manufacturing activity continues to slow down, and job cuts are increasi Feb. 3, 2024, 12:01 a.m.
SVET Markets Weekly Update (Jan 30 — Feb 3, 2023) rate3 In the fourth week of 2023, NASDAQ increased by 4.3 percent. It opened at 11512 on Monday and closed at 12006 on Friday. The upward trading trend for the week was influenced by the FOMC’s decision to add 0.25 points to its bank’s rate, which was previously at 4.5. In contrast, after a jump on Monday Feb. 6, 2023, 3:13 a.m.
SVET Markets Weekly Update (Jan 8–12, 2024) rate3 On Week 2, the SEC approved 11 Bitcoin spot ETFs, which was followed by BTC sell-off within the next two days and by ETH soaring to $2.7K on traders’ expectations of an SEC-approved spot Ethereum ETF. On the macroeconomic side, the inflation rate rose to 3.4% YoY, but the Producer Price Index (PP Jan. 12, 2024, 9:34 p.m.
SVET Markets Weekly Update (January 17–20, 2023) rate3 This week was a rollercoaster ride for NASDAQ. On Tuesday, it opened at 11070, feeling a bit sluggish, as if it had just woken up from a weekend nap. As the week progressed, NASDAQ didn’t gain much momentum and by Friday, it closed at 11140, after experiencing a nose-dive on Wednesday. As a result, Jan. 22, 2023, 7:27 p.m.
SVET Markets Weekly Update (January 23–27, 2023) rate3 Markets zigzagged this week in anticipation of the FOMC's rate announcement. Bulls were energized by hints of an improving macroeconomic environment while bears pointed out the persistently low unemployment and inflationary pricing in the service sector. As a result, BTC closed almost at January Jan. 28, 2023, 10:01 a.m.
SVET Markets Weekly Update (January 3–6, 2023) rate3 Week One started by market participants changing their traditional ‘positive-negative’ trading mode to the opposite — cheering prices up when leading macro-indicators are set in green. Are recessional sentiments taking over? We have to wait and see. This week’s brief history: ISM Manufacturing Jan. 7, 2023, 6:26 a.m.
SVET Markets Weekly Update (January 9–13, 2023) rate3 The 2nd week of 2023 was dominated by bulls with NASDAQ closing it just above 11K, rising 4 percent, while BTC, boosted by improved sentiments (absence of negative news) and technical factors (oversold), gained more than 20 percent, rising from 17th to almost 21K. Week’s brief history: Yearly Jan. 14, 2023, 6:34 a.m.
SVET Markets Weekly Update (July 10–15, 2023) rate3 On Week 28, NASDAQ added 3.7 percent, energized by surprisingly low inflation data, smashing through an important resistance level. BTC managed to stay under 31K despite a breakthrough following the XRP groundbreaking ruling. Notable Macroeconomic Updates: NFIB Business Optimism Index (June): July 15, 2023, 10:06 p.m.
SVET Markets Weekly Update (July 15–19, 2024) rate3 On Week 29, Powell highlighted easing inflation pressures and expressed a commitment to sustainable progress towards the 2% target, which contributed to the DJ hitting a new ATH. Meanwhile, the ECB held interest rates steady at 4.25% in July, as expected, noting that inflation is gradually cooling b July 19, 2024, 9:30 p.m.
SVET Markets Weekly Update (July 1–5, 2024) rate3 On Week 27, stocks reached new highs as unemployment rose to the highest in nearly three years. Meanwhile, BTC crashed below $54K due to prolonged selloffs by whales amid increasing geopolitical worries, particularly after a significant shift in the UK government where pro-crypto politicians lost July 5, 2024, 10:47 p.m.
SVET Markets Weekly Update (July 17–21, 2023) rate3 On Week 29, NASDAQ formed a bearish candle as traders anticipated the Fed rate rise in the following week. Meanwhile, BTC stayed under 30K for a month, still waiting for retail investors’ attention. On the macro side, the Chinese economy slowed down, while wheat and oil soared due to geopolitical te July 23, 2023, 5:08 p.m.
SVET Markets Weekly Update (July 22–26, 2024) rate3 On Week 30, tech stocks plunged, dragging down major indexes as well as BTC (recovered) and ETH as disappointing earnings from tech giants dashed AI-fueled optimism. Alphabet, Tesla, and Visa led the decline, with concerns over spending, revenue, and economic conditions. Meanwhile, the SEC approved July 30, 2024, 12:01 a.m.
SVET Markets Weekly Update (July 24–28, 2023) rate3 On Week 30, Powell hiked the rate to the highest level in 22 years. Core PCI continued to subside, although very slowly, and GDP continued to grow, bewildering analysts. Meanwhile, BTC closed one of its least volatile weeks in history. Bears and bulls refused to act, facing two conflicting narrative July 31, 2023, 12:21 a.m.
SVET Markets Weekly Update (July 29 — August 2, 2024) rate3 On Week 31, the Fed kept interest rates steady at a 23-year high of 5.25%-5.50% for the eighth consecutive meeting, citing progress on inflation but acknowledging ongoing risks. The unemployment rate unexpectedly rose to 4.3% in July, the highest since October 2021. In the Eurozone, inflation inc Aug. 2, 2024, 8:15 p.m.
SVET Markets Weekly Update (July 31 — August 4, 2023) rate3 On Week 31, Fitch downgraded the US credit rating, sending markets into correction mode. The Fed of Dallas’ Manufacturing Index rose, while the unemployment rate decreased. Crypto News On the crypto side, Grayscale reported that markets were recovering but warned of significant downside risks du Aug. 5, 2023, 11:26 p.m.
SVET Markets Weekly Update (July 3–7, 2023) rate3 In Week 27, the unemployment rate, Manufacturing PMI, and JOLTs all decreased, while Service PMI continued to improve. NASDAQ (open: 13,798, close: 13,660) went volatile, while BTC (open: 30,653, close: 30,166) ticked down. Traders were uncertain about the market direction due to conflicting macroec July 9, 2023, 9:45 a.m.
SVET Markets Weekly Update (July 8–12, 2024) rate3 On Week 28, stocks experienced a sharp decline with the Nasdaq and S&P crashing due to a classic WS move of ‘selling the news’ after an unexpected drop in the core inflation rate to a three-year low of 3.3% in June. This decline in inflation has amplified calls for an urgent rate cut by the Fed. BTC July 12, 2024, 11:14 p.m.
SVET Markets Weekly Update (June 10 - 14, 2024) rate3 On Week 24, stocks reached ATHs as the Fed held the interest rate steady at 5.25% and hinted at future cuts. On global markets, the EU stock market declined, impacted by far-right gains in elections, prompting President Macron to call for a snap legislative vote. Most sectors saw declines, with cons June 15, 2024, 12:14 a.m.
SVET Markets Weekly Update (June 12–16, 2023) rate3 Week 24 was a volatile one. The Fed left its rate unchanged, as anticipated, and the Nasdaq Composite Index (open: 13,326, close: 13,689) added 2.7%, while Bitcoin (open: 25,933, close: 26,382) increased by 1.7%. Notable Macroeconomic Updates: Fed Interest Rate Decision: 5.25 percent (fact), 5 June 17, 2023, 12:03 a.m.
SVET Markets Weekly Update (June 17–21, 2024) rate3 Week 25 was positive for stocks despite disappointing building permits and a declining Philly Fed index pointed to economic softness, with the Nasdaq and S&P gaining on tech giants. At the same time, we saw significant volatility across global markets, with oil prices surging to a 7-week high due to June 21, 2024, 10:22 p.m.
SVET Markets Weekly Update (June 19–23, 2023) rate3 In Week 25, Building Permits surprised on the positive side, while Global Manufacturing PMI — on the negative one. The week resulted in a correction for the NASDAQ (o: 13,642, c: 13,492), and come out bullish for BTC (o: 26,851, c: 30,880), just as predicted. Notable Macroeconomic Updates: Bui June 26, 2023, 7:07 a.m.
SVET Markets Weekly Update (June 24–28, 2024) rate3 On Week 26, markets reflected a mix of economic and geopolitical concerns. Q1 GDP growth slowed to the lowest since early 2022, PCE inflation dipped and manufacturing activity contracted sharply. Meanwhile, new single-family home sales dropped, as high prices and mortgage rates hinder affordability. June 28, 2024, 8:52 p.m.
SVET Markets Weekly Update (June 26–30, 2023) rate3 In Week 26, NASDAQ (open: 13,468, close: 13,787) added +2.4%, driven up by continuing positive AI-sentiments, as well as by macroeconomic data that seemed to show an easing inflation, despite the hawkish rhetoric of world central banks. Meanwhile, BTC (open: 30,359, close: 30,372) lingered just belo July 2, 2023, 8:32 a.m.
SVET Markets Weekly Update (June 3–7, 2024) rate3 On Week 16, markets were mixed as investors grappled with conflicting economic data, political events, and concerns about potential interest rate changes and economic slowdown. The week began with stocks declining marginally as lower-than-expected PMI data pointed to a manufacturing slowdown, rai June 7, 2024, 8:54 p.m.
SVET Markets Weekly Update (June 5–9, 2023) rate3 During Week 23, with the absence of significant macroeconomic news, both NASDAQ (o: 13,238, c: 13,259) and BTC (o: 26,690, c: 26,407) experienced sideways drifting, as anticipated. Traders took the opportunity to readjust their positions in preparation for the upcoming FOMC meeting next week. Not June 11, 2023, 6:05 p.m.
SVET Markets Weekly Update (March 11–15, 2024) rate3 On Week 11 BTC turned red for the first time in two weeks, while main stock indices, except the Nasdaq, managed to close in green. This comes despite inflation rising unexpectedly to 3.2% and traders being jittery about the outcome of the FOMC’s meeting next week. On the world’s markets, oil, gold, March 15, 2024, 9:54 p.m.
SVET Markets Weekly Update (March 13–18, 2023) rate3 Week 11 provided an epic illustration of everything that is wrong with CeFi, crowned by empty rhetoric that scapegoats technological entrepreneurs and cryptocurrencies. It is very encouraging to see that BTC added 31 percent, going from 20455 to 26834, despite the growing rejections of innovations f March 19, 2023, 1:44 a.m.
SVET Markets Weekly Update (March 18–22, 2024) rate3 On Week 12, the Fed kept its rate unchanged while hinting at a hawkish policy reversal. Stock markets reacted with new ATHs, while BTC and ETH still lingered after the massive 10% correction following the quarterly options expiration. In world markets, stock indexes rallied when major central banks, March 22, 2024, 8:59 p.m.
SVET Markets Weekly Update (March 20–24, 2023) rate3 On Week 12, we saw market analysts' macro-predictions mostly coming to fruition. The Fed kept to its guns, and the banking system stood against the rising storm. As a result, NASDAQ (o:11614, c:11823, +1.8 percent) and BTC (o:28188, c:27584, -2.1 percent) generally held their ground. Notable Macr March 25, 2023, 10:15 p.m.
SVET Markets Weekly Update (March 25–29, 2024) rate3 On Week 13, the economy continued to show signs of slowing down, with major regional manufacturing indexes indicating weakness. Prices decelerated across main sectors, while FOMC members sent mixed signals about potential rate cuts, leading to mixed stock results. The S&P and DJ hit record highs, wh March 29, 2024, 9:48 p.m.
SVET Markets Weekly Update (March 4–8, 2024) rate3 On Week 10, BTC reached 70K and ETH reached 4K. The Dow, S&P, and Nasdaq all hit new ATHs. Faced with unexpectedly high unemployment and easing inflation, gold rose to a record high of 2.2K, while the dollar fell by 1.4%. On Monday, stocks indices closed lower as investors awaited economic data r March 9, 2024, 1:35 a.m.
SVET Markets Weekly Update (March 6–10, 2023) rate3 Week 10 was characterized by the slogan ‘Fundamentals against the Fed,’ with Powell pivoting on the spot and threatening markets with longer and heavier rate burdens. Ironically, during the same week, both the banking and political systems sent him early warning messages, delivered by two unlikely c March 10, 2023, 11:38 p.m.
SVET Markets Weekly Update (May 15–19, 2023) rate3 In Week 20, the Empire Index decreased, building permits deteriorated, and retail sales were rising not fast enough. However, traders, driven by technical momentum, disregarded economic fundamentals and pushed NASDAQ (o:12327, c:12657) higher by 2.7 percent. In contrast, BTC (o:27395, c:26890) exper May 21, 2023, 2:14 a.m.
SVET Markets Weekly Update (May 1–5, 2023) rate3 In Week 18, NASDAQ (o:12210, c:12235, +0.2%) and BTC (o:28596, c:29561, +3.3%) fluctuated due to various factors such as the 0.25 point rate hike by the FOMC, bank breakdown, and employment data. Despite the positive run on Friday’s unexpectedly positive BLS statistics, markets stalled on weekly gra May 6, 2023, 12:52 a.m.
SVET Markets Weekly Update (May 20–24, 2024) rate3 On Week 21, the major event was the sudden approval of the ETH ETF, which is widely seen as a result of political pressure from the White House on Gary Gensler to attract votes from crypto holders for the DEM campaign. This exciting development underscores the growing strength of the crypto communit May 24, 2024, 10:56 p.m.
SVET Markets Weekly Update (May 22–26, 2023) rate3 Week 21 turned out to be bullish for NASDAQ (o: 12644, c: 12975, +2.6%), as anticipated. It was propelled by Thursday’s surge in semiconductors, fueled by the AI craze. With the PCE Index rising, traders persisted in challenging the FED. Meanwhile, BTC (o: 26731, c: 26767) remained stagnant, lacking May 27, 2023, 1:08 a.m.
SVET Markets Weekly Update (May 27–31, 2024) rate3 On Week 22, stock markets ended slightly in the red as economic uncertainty and political developments dominated investor sentiment. The GDP growth was revised sharply down to 1.3%. Inflation remains above the Fed’s targets. Eurozone inflation unexpectedly accelerated, with major economies in the June 1, 2024, 1:59 a.m.
SVET Markets Weekly Update (May 29 - June 2, 2023) rate3 In Week 22, job openings increased, but the unemployment rate experienced a jump. AI follies, along with renewed expectations of the Fed not raising rates, helped drive tech stocks higher, and NASDAQ (o:13109, c:13240) managed to close the week with gains. Meanwhile, BTC (o:27919, c:27239) continued June 5, 2023, 1:48 a.m.
SVET Markets Weekly Update (May 6–10, 2024) rate3 On Week 19, stocks went up on renewed hopes of Fed cuts, while BTC went down due to a continuing correction. On the world’s markets, EU major indexes surged to ATH on ECB dovish comments, supplemented by Sweden’s central bank cutting interest rates, while the BoE held its rates but signaled potentia May 10, 2024, 9:46 p.m.
SVET Markets Weekly Update (May 8–12, 2023) rate3 Despite a slight decrease in inflation and ongoing deterioration in consumer sentiment, Week 19 turned out to be uneventful, with the NASDAQ remaining flat at the 12.2K level and BTC continuing to experience technical corrections, resulting in a 4.7 percent decline and a closing price of 26459. N May 14, 2023, 4:01 a.m.
SVET Markets Weekly Update (November 13–18, 2023) rate3 On Week 46, after a surprising decrease in consumer prices, market sentiments turned upbeat for a day when traders weighed signals that the Fed may not hike rates further. As a result, Nasdaq jumped over 14K on Tuesday and continued to consolidate in that zone for the rest of the week. Meanwhile, BT Nov. 18, 2023, 9:03 p.m.
SVET Markets Weekly Update (November 14, 2022) rate3 This week brought to us a long-awaited correction, sparkled by the FTX debacle. BTC, which was hold above 18th line for almost 5 months by corporate traders and whales, suddenly give in and went below 16th. All other coins promptly mirrored BTC move, but more violently, with some of them crashing Nov. 13, 2022, 5:58 a.m.
SVET Markets Weekly Update (November 18–22, 2024) rate3 On Week 47, equities closed positively, buoyed by ongoing “Trump trade” momentum, despite mostly subdued economic fundamentals. The dollar remained strong at a two-year high, as oil, gold, and silver prices surged due to heightened geopolitical tensions. This week saw Ukraine using supplied long-ran Nov. 24, 2024, 12:37 a.m.
SVET Markets Weekly Update (November 20–24, 2023) rate3 On Week 47, stock markets remained relatively unchanged amidst mixed economic signals. Durable goods orders pointed to an economic slowdown, but the number of unemployment claims dropped sharply, suggesting that the feared labor market slowdown has not yet fully materialized. Meanwhile, BTC and ETH Nov. 25, 2023, 3:31 a.m.
SVET Markets Weekly Update (November 21, 2022) rate3 This week was rich on macro updates but BTC kept steady (alongside with NASDAQ) as most of indicators didn’t come far from forecasts and none of those statistics (on the real estate market, mostly) is viewed by FOMC as important. Here how it went: PPI: actual increase is 0.2 percent with 0.3 a Nov. 20, 2022, 12:14 a.m.
SVET Markets Weekly Update (November 25–29, 2024) rate3 On Week 48, the S&P and Dow both reached new ATHs driven by optimism surrounding former Trump’s policies and significant inflows of foreign capital. Despite this positive market sentiment, the underlying economic fundamentals continue to show signs of deterioration. For example, in the manufacturing Nov. 30, 2024, 2:04 a.m.
SVET Markets Weekly Update (November 27 — December 1, 2023) rate3 On Week 48, volatility has been prevalent across all markets, including the crypto. Nasdaq fluctuated, ranging between 14.1K and 14.5K. These up-and-downs are influenced by how traders interpret the numerous comments regularly issued by FOMC board members. Concurrently, BTC has got a bullish push, a Dec. 1, 2023, 10:44 p.m.
SVET Markets Weekly Update (November 28, 2022) rate3 The previous week main macro-economic updates include: Durable Goods Orders (for October): increased 1% while analytics expected 0.4%; New Home Sales (Oct): 0.632M vs 0.58M; Initial Jobless Claims (week 47): 240K vs 228K Wednesday markets’ rebound after FOMC notes showed some members slight di Nov. 27, 2022, 2:52 a.m.
SVET Markets Weekly Update (November 4 - 8, 2024) rate3 On Week 45, the past week was marked by significant market volatility, primarily driven by the Trump's win. The S&P and Dow surged nearly 5%, buoyed by expectations of pro-business policies under new administration. The Fed's 25 basis point rate cut further fueled the rally. However, underlying e Nov. 9, 2024, 3:02 a.m.
SVET Markets Weekly Update (November 6–11, 2023) rate3 On Week 45, the Nasdaq, despite a sudden surge on Friday, lingered in the 13.5K-13.8K zone due to a technical correction and bulls’ hesitations about the direction of the Fed’s policy after Powell’s commentaries switched back to a hawkish mood. Meanwhile, BTC entered into an accumulation mode below Nov. 13, 2023, 7:01 p.m.
SVET Markets Weekly Update (November 7, 2022) rate3 That is how the preceding week has been played on the markets: Bureau of Labor Statistics made Powel’s day at early Tuesday, Nov 1 by announcing that the number of job vacancies (JOLTs) went up to 10.72 million (by 437,000) in September (experts’ expectations put it on 10.0 million; in August JOL Nov. 8, 2022, 1:24 a.m.
SVET Markets Weekly Update (October 10, 2022) rate3 As the previous week macro-data suggested we have had some notable negative shifts on the labor market front registering on govs radars, at last. The sudden (for mainstream analysts) rise in jobless claims (by 29000 to 219000) indicates that corps, faced by shrinking markets, increased energy cos Oct. 10, 2022, 1:35 p.m.
SVET Markets Weekly Update (October 14–18, 2024) rate3 On Week 42, equities achieved new ATHs driven by a tech rally and positive economic indicators, including a surprising rise in retail sales. The dollar index advanced on expectations of slower Fed rate cuts connected to robust job and inflation data. The ECB lowered interest rates by 25 basis points Oct. 19, 2024, 7:31 p.m.
SVET Markets Weekly Update (October 16 - 20, 2023) rate3 On Week 42 Nasdaq breached its 13K support for the first time in six months on the Middle East conflict and Powell’s comments reiterating his “higher for longer” narrative. Meanwhile, BTC unexpectedly rallied, closing the week above 30K and reinforcing the narrative of Bitcoin being a safe haven for Oct. 20, 2023, 9:45 p.m.
SVET Markets Weekly Update (October 21 - 25, 2024) rate3 Equities closed mixed, with the Nasdaq finishing slightly in the green while the SP and Dow both declined. This divergence can be attributed to the mixed macroeconomic landscape. Manufacturing continues to decline, albeit at a slower pace, as indicated by the less pessimistic readings from the Richm Oct. 26, 2024, 11:29 p.m.
SVET Markets Weekly Update (October 23–27, 2023) rate3 On Week 43, the Nasdaq closed in the red, suppressed by expectations of more Fed rate hikes ahead, and faced by a jump in GDP, expanding core CPI, and mixed corporate earnings. Meanwhile, BTC and ETH met strong resistance at $35K and $1.8K, respectively. On Monday, Chicago Index increased a bit, Oct. 29, 2023, 9:33 p.m.
SVET Markets Weekly Update (October 24, 2022) rate3 This week’s notable macroeconomic updates include: New Home Sales for September at Wednesday; GDP Growth Rate for Q3 and Durable Goods Orders for September at Thursday; Personal Income and Spending Report for September at Friday. August 2022 saw a sharp increase in the number of new home sold. Oct. 24, 2022, 9:52 a.m.
SVET Markets Weekly Update (October 2–6, 2023) rate3 Week 40 proved to be volatile, exactly as predicted. Traders’ focus was on unemployment data coming from both government and private sources, which contradicted each other and created a perfect storm for Wall Street players, who capitalized on this on Friday when major tech stocks suddenly shot up, Oct. 6, 2023, 10:22 p.m.
SVET Markets Weekly Update (October 28 — November 1, 2024) rate3 On Week 44, stocks closed lower as traders were cautious ahead of the elections and the Fed decision. Job openings fell to a 28-month low, and manufacturing indicators showed a sharp contraction in business activity. The dollar index surged, hovering near a three-month high. Gold prices rose, fueled Nov. 2, 2024, 2:18 a.m.
SVET Markets Weekly Update (October 30 — November 3, 2023) rate3 Week 44 was the outlandish one for Nasdaq, which has been actively rising on a technical rebound from the 13K support level, reinforced by some traders’ over-optimistic interpretation of Powell’s intentions to end rate hiking sooner than expected. Meanwhile, BTC and ETH were stuck below their key re Nov. 3, 2023, 8:46 p.m.
SVET Markets Weekly Update (October 31, 2022) rate3 The past week macroeconomic indicators updates were mostly on a positive side reinforcing markets participants negative sentiments. Notably, US GDP grew 2.6 percent (annualized) in Q3 2022 beating analytics prognosis (2.4). That can be mostly attributed to imports going down 6.9 percent, which wa Oct. 30, 2022, 9:56 a.m.
SVET Markets Weekly Update (October 3, 2022) rate3 Week 40 promises to be a busy one. From the number of newsworthy updates we can mention the following: Monday: ISM Manufacturing PMI for September; Tuesday: JOLTs Job Openings for August; Wednesday: Balance of Trade for August; Friday: Unemployment Rate for September. Purchasing managers are Oct. 3, 2022, 5:01 a.m.
SVET Markets Weekly Update (October 9–13, 2023) rate3 On Week 41, Nasdaq rose despite the new war in the Middle East on expectations that slowing inflation, increased recessionary worries and the prospect of surging government war expenses would make it more politically difficult for Powell to continue his hawkish policies for much longer. At the same Oct. 13, 2023, 10:05 p.m.
SVET Markets Weekly Update (September 10, 2022) rate3 FOMC board meeting is scheduled for September 20. Accordingly, analytics attention will be drawn to any piece of 37th week macroeconomic news, which can (hopefully) divert USA (and the world) from the stagflation path pawed to us by FED. There are more than a handful of professional forecasters left Sept. 12, 2022, 3:19 a.m.
SVET Markets Weekly Update (September 11–15, 2023) rate3 On week 37, Nasdaq and BTC both received an unexpected dose of macro-economic positivity with the ECB signaling a halt to its rate hike program, Chinese industrial production growing, and CPI increasing moderately. However, Nasdaq corrected sharply twice during the week (on Tuesday and Friday) as tr Sept. 17, 2023, 5:14 a.m.
SVET Markets Weekly Update (September 16–20, 2024) rate3 On Week 38, stocks posted gains after the Fed’s 50 basis point rate cut. Accordingly, gold prices surged, reaching a new ATH, buoyed by the Fed’s easing measures. In contrast, the Central Banks of China and Japan held rates steady. In the crypto market, BTC initially rose but faced resistance at its Sept. 24, 2024, 1:30 a.m.
SVET Markets Weekly Update (September 18–22, 2023) rate3 On week 38, the Fed kept its rate unchanged and its rhetoric hawkish, disappointing traders and leading to the Nasdaq’s downfall while BTC barely held above 26K. On Monday, The NAHB Index fell to its lowest level in five months, and the Nasdaq traded close to its opening as traders hesitated to m Sept. 28, 2023, 12:37 a.m.
SVET Markets Weekly Update (September 19, 2022) rate3 Fed will continue to destroy US economy by adding to the banks 2.50 rate a record 100 points (as some analytics believe) while retail investors start to realize that Powell is going after their hard earn money. It is difficult to come out with a reliable statistical information on the state of US Sept. 19, 2022, 7:37 a.m.
SVET Markets Weekly Update (September 23–27, 2024) rate3 On Week 39, stocks closed in positive territory, helped by a 3% GDP growth in Q3. In contrast, the eurozone economy contracted in September. The People’s Bank of China has implemented several drastic measures to stimulate growth leading to Chinese stock market having a best week since 2008. Silver p Sept. 27, 2024, 9:53 p.m.
SVET Markets Weekly Update (September 25–29, 2023) rate3 On Week 39, with the core PCI index showing signs of slowing down, but GDP still on the path of expansion, the Fed received two contrasting signals. On one hand, Chicago Fed Governor expressed the opinion that, with rapidly slowing inflation, the Fed might have already overshot with its interest rat Sept. 29, 2023, 11:10 p.m.
SVET Markets Weekly Update (September 26, 2022) rate3 The week after FOMC meeting is usually not so exiting as the preceding one. We will see a couple of newsworthy lagging macroeconomic indicators updates coming from the Census Bureau (CB) at Tuesday — on Durable Goods Orders and New Home Sales both for August. It is followed by Bureau of Economic Ana Sept. 27, 2022, 12:20 a.m.
SVET Markets Weekly Update (September 2–6, 2024) rate3 On Week 36, global stocks took a hit, driven by concerns about a weakening labor market and a slump in the tech sector. Locally, job cuts increased significantly, while the unemployment rate remained steady. Crude oil prices plummeted to a thirteen-month low amid fears of a global economic slowdown. Sept. 7, 2024, midnight
SVET Markets Weekly Update (September 30 — October 4, 2024) rate3 On Week 40, equities closed slightly in the green as concerns over the Fed’s next rate easing were questioned by a strong jobs report; the unemployment rate fell to 4.1% in September, the lowest in three months. In the Eurozone, the Manufacturing PMI remained the lowest level this year. Meanwhile Oct. 5, 2024, 1:33 a.m.
SVET Markets Weekly Update (September 5, 2022) rate3 The first week of September promises to be a continuation of the previous one in terms of down-to-side-way actions on the BTC prices front and in view of uncertainties surrounding expected results of the upcoming FED board meeting (to be held at Sept 20–21). Those uncertainties had already dragge Sept. 6, 2022, 5:05 a.m.
SVET Markets Weekly Update (September 5–9, 2023) rate3 On a short Week 36, Nasdaq went down due to increasing inflationary worries, while BTC traded sideways in an all-too-familiar pattern. On Tuesday, Nasdaq closed slightly higher, but was pressured by rising oil prices and concerns about global economic growth. The energy sector rose, while Airbnb Sept. 17, 2023, 4:38 a.m.
SVET Markets Weekly Update (September 9–13, 2024) rate3 On Week 37, stocks continued to rise, driven by strong performance in the tech and semiconductor sectors. Economic data, including inflation and the PPI, indicated signs of easing, bolstering expectations for a 50-point rate cut by the Fed. Internationally, gold reached a new ATH, and silver surged Sept. 17, 2024, 2:21 a.m.
SVET Model's Market Prognosis (April 21, 2024) rate3 In crypto channels there is always one opinion about the market direction: there are three directions - up, down and side. Bears: "Macro and geopolitics are bad, plus, dollar is up, so we are going south:" Bulls: "Not at all. It was a super-bullish falling wedge formed and confirmed by a break April 21, 2024, 7:49 p.m.
SVET Mondays Update Crypto_Steward My yesterday’s assessment proved to be correct, generally speaking. However, I was too conservative in my estimations of the current bearish momentum power. I expected that, without clear catalysts, bulls and bears would play their usual tag games, waiting for the FED’s rate announcement, until a June 13, 2022, 11:51 p.m.
SVET Wednesday Update (June 15, 2022) Crypto_Steward It has been the turbulent night, as predicated. As a result, ETH prices have arranged into almost perfect double-bottom formation with a morning-star rising on hourly graphs. Market scene today was set in three acts: 1) At about 22:00 EST, when HSI started to drop after several hours of gro June 15, 2022, 11:40 p.m.
SVET Weekly Markets Update (July 11, 2022) Crypto_Steward This week brings us four updates of two leading and two lagging economic indicators to watch. It starts on Wednesday, July 13 when Bureau of Labor Statistics will publish its June's estimate of US yearly inflation rate. A month ago (in June, when BLS published its May estimate) markets were ta July 12, 2022, 4:52 a.m.
SVET Weekly Markets Update (July 2, 2022) Crypto_Steward On Tuesday July 05 2022 at 09:00 AM ET the Census Bureau of the U.S. Department of Commerce will publish the Factory orders report (Full Report on Manufacturers’ Shipments, Inventories and Orders). Because this is, essentially, an extension of the Durable Goods Report published by Bureau earlier, July 4, 2022, 12:06 a.m.
SVET Weekly Markets Update (July 25, 2022) Crypto_Steward US Census Bureau issues its new home sales data (officially known as Monthly Residential Sales Report) at 9.00 AM, Tuesday July 2022. This report will be the most recent update on slowly-but-surely worsening conditions of the US real estate market, which FOMC analytics receive before FED rate announ July 26, 2022, 7:59 a.m.
SVET Weekly Markets Update (June 27, 2022) Crypto_Steward Despite continuing epic exodus of institutional investors from all assets categories, BTC (and, essentially, all Alts) prices correlation with US major stock indexes (primarily, with NASDAQ) remains very high in all time frames. Accordingly, following the main economic indicators publications become June 27, 2022, 5:14 a.m.
The Art of NFT Investing rate3 A study by the Economist Intelligence Unit found that art sales in the United States increased by 25% in the two years following the September 11 attacks. The study also found that the average price of art sold at auction increased by 15% during this time period. Another study, by the Art Basel a July 2, 2023, 8:35 a.m.
The Cost of a China-US Conflict rate3 What is the cost-estimate of the China-US non-nuclear war? During World War 2, the size of military expenditure in the US federal budget was significant. In 1940, prior to the US entering the war, military spending was approximately 1.9 billion dollars, which was approximately 7.5% of the federal Feb. 12, 2023, 12:02 a.m.
The Olympic View On Markets rate3 Gaia (Mother Earth): What do you have there, with that angry red-haired Cyclops? Themis (deity of order): They are trying to get rid of him, politely. Gaia: Today? Themis: No, today they are busy with the descendants of the people who dropped your toy in the sea two thousand two hundred years ago Feb. 15, 2024, 4:23 a.m.
The Twainian Guide to Entrepreneurs: A Humorous Expedition into the Wilds of Business rate3 In the illustrious words of Mark Twain, “The secret of getting ahead is getting started.” Well, my friends, nowhere is this truer than in the realm of entrepreneurship, that curious land where risk meets reward, and innovation dances with financial folly. So, saddle up your imagination and let’s emb Dec. 16, 2023, 9:32 p.m.
Thursday Markets Update (June 22, 2023) rate3 On Thursday, in a Congress' testimony Powell emphasized FOMC's consensus to rise rates. The Nasdaq was up 0.9%, nonetheless, led by tech shares while BTC goes side way on technicals. In June, the Kansas City Fed's Manufacturing Production index fell to -10 from -2 in the previous month, continuin June 23, 2023, 8:20 a.m.
Thursday Markets Update (March 2, 2023) rate3 On Thursday daily trading sessions NASDAQ gained +1.7 (o:11271, c: 11462) and BTC were declining by -0.7 (o:23309, c:23467). On the macroeconomic side, the number of individuals filing for jobless benefits decreased by 2,000 on March 2nd to reach 190,000 for the week ending February 25th, which March 6, 2023, 8:10 a.m.
Thursday's Markets Update (10 August 2023) rate3 On Thursday, CPI got down while the inflation got up less than expected which energized markets on the opening but NASDAQ closed in the negative on increased traders uncertainties and bearish technicals. At the same time, BTC continued its record stretch of an suspense inactivity. Details Infl Aug. 11, 2023, 9:19 p.m.
Thursday's Markets Update (23 May, 2024) rate3 On Thursday, stocks dropped as strong economic data fueled worries about continued high interest rates. Despite the broader sell-off, Nvidia continued to soar on impressive earnings and a stock split announcement. Boeing, however, plunged on production woes. In world markets, gold is sharply down on May 23, 2024, 8:23 p.m.
Thursday's Markets Update (April 11, 2024) rate3 On Thursday, stocks rebounded on technical over-sold indicators after yesterday's slump despite rising PPI and falling unemployment. The rise was led by Apple and Nvidia (up over 3%). The Fed likely wants to see further improvement before cutting rates. Internationally, the ECB holds its rate steady April 11, 2024, 8:17 p.m.
Thursday's Markets Update (April 13, 2023) rate3 Thursday was a day when fundamentals met technicals. Not only did the BLS surprise markets (forecasts were +0.1) by reporting PPI fell by 0.5% in March, while the core PPI declined 0.1% - the first decrease in two years, marking the biggest decline since April 2020, but also the number of unemployme April 15, 2023, 1:54 a.m.
Thursday's Markets Update (April 18, 2024) rate3 On Thursday, stocks were mostly in the red after a 5-day slide for the S&P 500 and Nasdaq. Interest rate worries were emphasized by strong Philadelphia manufacturing data and flat jobless claims but conflicted with corporate earnings and falling home sales. On global markets, the central banks of th April 18, 2024, 11:05 p.m.
Thursday's Markets Update (April 20, 2023) rate3 On Thursday, the Philadelphia Fed Manufacturing Index for April was released, showing a significant decline to -31.3 (previous: -23.2), which was well below the expected value of -19.2. In addition, the number of unemployment benefit claims increased to 245K, surpassing market expectations of 240K a April 21, 2023, 1:49 a.m.
Thursday's Markets Update (April 22, 2024) rate3 On Thursday, stocks are down due to a technical correction and anticipation of Powell's speech at the Jackson Hole conference. Tech stocks led the decline, while financials and real estate sectors gained. The market pullback was not deterred by rising jobless claims. Globally, Eurozone manufacturing Aug. 23, 2024, 1:52 a.m.
Thursday's Markets Update (April 25, 2024) rate3 On Thursday, stocks recovered after falling at opening as GDP growth came in much weaker than expected at 1.6%, while inflation remained high. Disappointing earnings from Meta and IBM added to the morning's dump. Globally, the yen hit a new high at 155, faced with a rising dollar, while Brent stabil April 25, 2024, 8:58 p.m.
Thursday's Markets Update (April 27, 2023) rate3 On Thursday, markets were excited by tech companies' better-than-forecast earning reports, with Intel (-0.04 EPS vs -0.16) gaining 4.92 percent and Meta continuing to rise. The NASDAQ (o: 11972, c: 12142) increased by 1.4 percent, while BTC (o: 28862, c: 29673) added 2.8 percent. However, traders ig April 28, 2023, 4:38 a.m.
Thursday's Markets Update (April 4, 2024) rate3 On Thursday, stocks rose as hopes for Fed rate cuts grew again after jobs data and Powell switched to dovish comments once more. All sectors gained, with tech (Meta +3%) and real estate leading. Alphabet fell on news of potential AI search fees. On world markets, ECB bureaucrats reiterated their pro April 4, 2024, 5:41 p.m.
Thursday's Markets Update (April 6, 2023) rate3 On Thursday, the number of unemployment benefits decreased to 228K for the week ending April 1st, which was better than the expected figure of 200K, indicating improved conditions with job layoffs. However, institutional players continued to dominate trading activities, primarily driven by technical April 9, 2023, 2:21 a.m.
Thursday's Markets Update (August 1, 2024) rate3 On Thursday, stocks plummeted after economic data signaled weakening manufacturing and rising unemployment. Despite lower labor costs and Fed hints at potential rate cuts, investor concerns about the state of the global economy grew. Market calamities were exacerbated by rising Middle East tensions. Aug. 1, 2024, 7:55 p.m.
Thursday's Markets Update (August 15, 2024) rate3 On Thursday, stocks surged, boosted by stronger-than-expected retail sales. Investors are less worried about a recession, despite a sharp drop in manufacturing output. Tech and retail giants like Cisco, Walmart, and Apple led the rally. Globally, oil and gold continued to appreciate due to geopoliti Aug. 15, 2024, 10:03 p.m.
Thursday's Markets Update (August 17, 2023) rate3 On Thursday, The Philadelphia Manufacturing Index skyrocketed, but traders ignored all data as the Nasdaq plunged under 13.4K on a continuing technical sell-off with a nearest support level at around 13K. This served as a catalyst for Bitcoin's sharp (and long overdue after two months of unprecedent Aug. 18, 2023, 7:17 a.m.
Thursday's Markets Update (August 24, 2023) rate3 On Thursday, Durable goods orders hinted at an upcoming recession. This was combined with technicals (an over-extended correction) and general trader nervousness ahead of Powell's Friday speech in Jackson Hole. As a result, the Nasdaq plummeted to almost 2%. BTC, meanwhile, stayed happily in limbo, Aug. 25, 2023, 2:50 a.m.
Thursday's Markets Update (August 29, 2024) rate3 On Thursday, stocks closed mixed, with the Dow hitting a new record but the Nasdaq falling slightly, while data showed unexpected GDP growth. Nvidia's stock dropped after its earnings missed high expectations, raising concerns about the AI boom. Globally, the economic outlook in the Eurozone improve Aug. 30, 2024, 3:03 a.m.
Thursday's Markets Update (August 31, 2023) rate3 On Thursday, the Nasdaq rose slightly for the fifth consecutive day, as investors awaited the release of the US jobs report on Friday. The core PCE price index rose 0.2% in July, but job cuts surged by more than 200% from the previous month. Salesforce stocks rose, while the dollar fell. BTC had a d Sept. 4, 2023, 2:25 a.m.
Thursday's Markets Update (August 3, 2023) rate3 On Thursday, PMI continued its downward move. Nasdaq hovered on yesterday's lows, with PayPal and Qualcomm both tanking more than 10% on discouraging earnings. BTC is calm above 29K. Other news: Gensler warns about AI; Coinbase showed a decline in revenue; the Central Bank of Egypt raised its key ra Aug. 4, 2023, 3:31 a.m.
Thursday's Markets Update (August 8, 2024) rate3 On Thursday, stocks continued to recover, fueled by better-than-expected jobless claims data. Tech and chip stocks led the gains, with Nvidia, Broadcom, and AMD soaring. In global markets, indexes were in the green in the EU, Latin America, and Africa, while most were in the red in Asia. South Afric Aug. 8, 2024, 10:31 p.m.
Thursday's Markets Update (Dec 29, 2022) rate3 At Thursday's markets we saw a meager attempt on the Santa Clause rally. NASDAQ opened with the gap at 10321 and then gained 1.5 percent rising to 10478 during the day (+2.6 total). As the EOY gift Tesla received about +7 percent, Netflix landed +5, Meta also grabbed +5 and Amazon snatched +3. It Dec. 30, 2022, 12:13 a.m.
Thursday's Markets Update (December 12, 2024) rate3 On Thursday, equities fell following a hotter-than-expected inflation report, and despite the Department of Labor reporting a three-month high spike in jobless claims. Adobe dropped the most, plunging almost 14% after providing a disappointing outlook. The euro fell as the ECB cut its rate by 25 bas Dec. 13, 2024, 5:45 a.m.
Thursday's Markets Update (December 14, 2023) rate3 On Thursday, major stocks indexes rose, with Nasdaq hovering above the flatline at 2-years highs. Apple increased to ATH of 198.26. Despite the unexpected rise in retail sales and a decline in weekly jobless claims, expectations of a rate cut in March 2024 remain high. BTC and ETH rose, still stayin Dec. 15, 2023, 1:17 a.m.
Thursday's Markets Update (December 19, 2024) rate3 On Thursday, equities were in the red. The Fed's hawkish outlook on future rate cuts dampened market sentiment. New macro data showed a weakening of manufacturing conditions in several regions. The dollar continued to rise, while EU markets reacted with a sharp downturn. Central bankers in both Engl Dec. 20, 2024, 3:19 p.m.
Thursday's Markets Update (December 21, 2023) rate3 On Thursday, the Nasdaq and other stock indexes rallied, as weaker-than-expected US GDP growth reinforced expectations of future Fed interest rate cuts. Tesla stock rose nearly 3% on reports of potential US tariffs on Chinese electric vehicle makers. Meta shares added 1% and are headed for their bes Dec. 22, 2023, 3:05 a.m.
Thursday's Markets Update (December 28, 2023) rate3 On Thursday, the Nasdaq 100, Dow Jones, and S&P 500 all gained, with the Nasdaq Composite up 44% YTD, the most since 2003, due to mega-cap tech stocks and the AI trend. Unemployment claims increased to 218K, above the predicted 210K. Meanwhile, BTC and ETH are still trading within their month-old ra Dec. 28, 2023, 9:37 p.m.
Thursday's Markets Update (December 5, 2024) rate3 On Thursday, equities closed lower as investors awaited the key November jobs report. While the S&P and Nasdaq declined slightly, tech stocks like Tesla and American Airlines saw gains. Jobless claims increased, and expectations for a Fed rate cut strengthened. Fresh EU construction data confirmed t Dec. 6, 2024, 5:42 a.m.
Thursday's Markets Update (December 7, 2023) rate3 On Thursday, the Nasdaq and other major stock indexes closed higher due to a megacap rally driven by AI optimism. Alphabet's advanced AI model launch led to a 5.3% share increase. Government data revealed initial jobless claims rose less than anticipated, continuing claims fell beyond predictions, a Dec. 7, 2023, 10:16 p.m.
Thursday's Markets Update (Feb 2, 2023) rate3 If you feel things are going the wrong way in Silicon Valley, there is a reason for that. The Challenger Job Cuts report, published on Thursday, February 2nd, revealed that out of 102,943 cuts announced in January by all employers, a 136% increase from December, 41,829 cuts (41%) were made by techno Feb. 3, 2023, 6:26 a.m.
Thursday's Markets Update (Feb 9, 2023) rate3 Today, the Labor Department reported 196K insured jobless claims for the Week 5, which was not in line with market expectations of 190K. The non-seasonally adjusted jobless claims, which include predictable seasonal fluctuations such as temporary layoffs, rose by 10K to 235K, a 4.3% increase. The la Feb. 10, 2023, 9:32 a.m.
Thursday's Markets Update (February 1, 2024) rate3 On Thursday, recent data showed rising jobless claims accompanied by drastically increased cuts in the private sector and slowing labor cost growth. Stocks reacted with a moderate rise. Financials underperformed while communication services outperformed. On the world's markets, the Euro area's infla Feb. 2, 2024, 11:23 p.m.
Thursday's Markets Update (February 15, 2024) rate3 On Thursday, stocks rose with 10 out of 11 S&P sectors finishing higher, led by energy, real estate, and materials. Treasury yields declined, and traders assessed weak retail sales data. Crypto market is mostly flat with BTC (+52K) and ETH (+2.8K) are slightly in green. Details Retail sales fe Feb. 16, 2024, 2:38 a.m.
Thursday's Markets Update (February 22, 2024) rate3 On Thursday, the Wall Street rallies on Nvidia's strong earnings. The S&P 500 hits a new high, and the Nasdaq records its biggest gain since 2023. The Dow Jones breaches 39K for the first time. Nvidia's stock soars 16.4%, and its market cap surpasses $1.9 trillion. World markets are also fueled b Feb. 23, 2024, 3:34 a.m.
Thursday's Markets Update (February 29, 2024) rate3 On Thursday, stock indicators closed higher as traders disregarded the PCI increase. On the world's markets, German and French inflation fell as a result of lower food and energy prices. Uranium fell below 100 due to weaker sanctions. The crypto market was in the green again, after BTC's (61K) sharp March 1, 2024, 12:22 a.m.
Thursday's Markets Update (February 8, 2024) rate3 On Thursday, unemployment claims dropped, but major indices closed higher from the previous session with the S&P 500 reaching a new ATH at 5,002. Traders seem to be focusing on strong earnings, discounting the higher-for-longer narrative. On world’s markets, in South Africa, manufacturing production Feb. 10, 2024, 1:51 a.m.
Thursday's Markets Update (Jan 12, 2023) rate3 Thursday, Jan 12, Bureau of Labor Statistics reported core inflation rate's decrease to 5.7 percent in December (compared to Nov's 6.0 in yearly terms). It matched expectations and led to 'sell-the-news' short-term correction on the morning session. Then, Bulls gained it back fast, brining NASDAQ to Jan. 12, 2023, 9:44 p.m.
Thursday's Markets Update (Jan 19, 2023) rate3 Today's negative Weekly Unemployment Report, released by the Labor Department at 9:30AM (ET), didn't add much to markets 'correctional' sentiments despite jobless claims falling to 190K - below 4-weeks moving average of 206K and notably lower analysts' expectation of 214K. NASDAQ was zig-zagging Jan. 20, 2023, 8:05 a.m.
Thursday's Markets Update (Jan 5, 2023)) rate3 The Unemployment Insurance Report came out with much lower than anticipated jobless claims (204K instead of 230K) today. It sent NASDAQ from 10390 on the opening to 10305 on its close (less than a one percent decline). BTC, instead, rose from 16780 to 16859 (up 0.5 percent) showing an accumulation p Jan. 6, 2023, 4:42 a.m.
Thursday's Markets Update (January 11, 2024) rate3 On Thursday, The Nasdaq, S&P 500, and the Dow Jones turned negative as investors processed a CPI report showing higher headline inflation but a lower core rate. Bets for a rate cut decreased, with utilities as the worst-performing sector. Apple and Tesla fell, while Microsoft's gain made it the most Jan. 11, 2024, 9:23 p.m.
Thursday's Markets Update (January 18, 2024) rate3 On Thursday, Stock indexes rose on volatility, with the Nasdaq-100 hitting ATH of 16,969, led by tech companies, amid ongoing market analysis of economic data and despite negative Fed commentary. Apple shares performed particularly well. Hawkish Fed signals and strong labor market data influenced Tr Jan. 19, 2024, 12:18 a.m.
Thursday's Markets Update (January 25, 2024) rate3 On Thursday, the economy expanded 3.3% due to rising exports, surpassing the 2% forecast, while PPI growth slowed. Unemployment claims increased, and the Kansas Fed Composite Index fell, indicating worsening economic conditions and leading to mixed stock performances: the S&P and Dow rose, but the N Jan. 25, 2024, 8:55 p.m.
Thursday's Markets Update (January 26, 2023), rate3 On Thursday, the Durable Orders report surprised analysts with a surge of 5.6 percent (to 286.9 billion - the sharpest increase in more than two years, since July 2020). It was led by a doubling of civil aircraft orders (+116 percent or +29 billion; it appears that a large portion of this gain came Jan. 27, 2023, 8:03 a.m.
Thursday's Markets Update (January 4, 2024) rate3 On Thursday, the Dow Jones rose, while the S&P 500 and Nasdaq fell, with the Nasdaq experiencing its longest red-candles streak since October. Investors await labor data amidst speculation of interest rate cuts and rising treasury yields. The financial sector rose, but energy and consumer stocks dro Jan. 4, 2024, 11:13 p.m.
Thursday's Markets Update (July 11, 2024) rate3 On Thursday, stocks were in deep red with Nasdaq and S&P crashing in a classic WS move of 'selling the news' on an unexpected drop in the core inflation rate, which factually supports mounting public voices, including senatorial ones, for the Fed's urgent rate cut. With that, the Dow surged as trade July 11, 2024, 11:50 p.m.
Thursday's Markets Update (July 13, 2023) rate3 On Thursday, initial jobless claims unexpectedly pointed to the tight labor market, while producer prices surprised on the downside. NASDAQ (o: 14,021, c: 14,155) responded with steady growth throughout the day. Meanwhile, BTC (o: 30,520, c: 31,606) jumped 3.5%, dragging with it several major coins July 14, 2023, 4:03 p.m.
Thursday's Markets Update (July 18, 2024) rate3 On Thursday, the stock market took a sharp downturn, with the DJ ending a week-long rally in a steep correction. Tech stocks led the decline. However, investors continued shifting money from high-flying tech companies to sectors expected to benefit from lower interest rates, especially small-cap sto July 19, 2024, 4:23 a.m.
Thursday's Markets Update (July 27, 2023) rate3 On Thursday, GDP data surprised to the upside, as did the surge in manufacturing orders. This reinforced bears' expectations of the Fed's next rate hike in September. NASDAQ dropped almost to 14K, followed by BTC, which retested 29K support. Details: The economy grew at an annualized rate of 2.4% July 31, 2023, 12:07 a.m.
Thursday's Markets Update (July 6, 2023) rate3 On Thursday, with ADP Employment and Services PMI higher and job vacancies lower, NASDAQ (open: 13,653, close: 13,679) managed to close the day in the green while still keeping its morning downside gap open. Meanwhile, BTC (open: 30,600, close: 30,309) stumbled on technicals, still below 31K. Det July 7, 2023, 7:44 a.m.
Thursday's Markets Update (June 1, 2023) rate3 On Thursday, NASDAQ (o:12944, c:13100) rose by 1.2 percent due to Representatives passing the ceiling bill and Fed members hinting at a pause. BTC (o:26947, c:26867) followed suit during the after-market. In May, the Manufacturing PMI dropped to 46.9 from April's 47.1, below the predicted 47, mar June 2, 2023, 6:43 a.m.
Thursday's Markets Update:(June 15, 2023) rate3 On Thursday, Retail sales unexpectedly increased and the NY Manufacturing Index improved, driving NASDAQ (open: 13,570, close: 13,782, +1.6%) and BTC (open: 24,954, close: 25,455, +2.0%) higher. Retail sales in the US rose 0.3% in May, beating forecasts. The biggest increases were seen in buildin June 16, 2023, 8:11 a.m.
Thursday's Markets Update (June 20, 2024) rate3 On Thursday, Nasdaq and S&P retreated after reaching record highs. Tech giants like Nvidia are down as investors cashed in. The Dow, less reliant on tech, managed a small gain. Data showed the economy cooling down with building permits dropping, jobless claims rising, and business activity falling. June 20, 2024, 7:45 p.m.
Thursday's Markets Update (June 27, 2024) rate3 On Thursday, stocks edged higher, propelled by sluggish economic growth data and lower bond yields on hopes of future rate cuts. The consumer discretionary and communication services sectors led gains, while staples and financials lagged. In global markets, the EU's economic sentiment indicator decl June 27, 2024, 11:06 p.m.
Thursday's Markets Update (June 29, 2023) rate3 On Thursday, GDP increased above expectations, core PCI rose and jobless claims fell leading to NASDAQ (o:13592, c:13591) and BTC (o:30623, c:30584) sidetracking. Details US economy grew 2% in Q1 2023, above 1.3% est., driven by strong consumer spending (+4.2%) and exports (+7.8%). Nonresidentia June 30, 2023, 7:18 a.m.
Thursday's Markets Update (June 6, 2024) rate3 On Thursday, stocks paused after recent gains, with investors waiting for clues on interest rates. Internationally, the ECB cut its rate to the expected 4% but raised its inflation forecast. BTC and ETH hold their levels. Details Jobless claims rose above expectations to a 2-month high, reachi June 6, 2024, 9:33 p.m.
Thursday's Markets Update (June 8, 2023) rate3 On Thursday, jobless claims climbed for the third week in a row. NASDAQ (o:13113, c:13238, +0.9%) and BTC (o:26462, c:26539, +0.3%) rose slightly in response. Details: Jobless claims rose to 261K in the week ended June 3rd, highest since Oct 2021, above forecasts of 235K - 3rd consecutive week of June 9, 2023, 12:10 a.m.
Thursday's Markets Update (March 14, 2024) rate3 On Thursday, stocks fall after inflation data raises concerns. Higher yields and mixed economic data (strong producer prices, weak retail sales) cause investor jitters. The energy sector rises with strong oil prices. Internationally, the South African manufacturing sector is experiencing slow growth March 15, 2024, 1:48 a.m.
Thursday's Markets Update (March 16, 2023) rate3 On Thursday, the Census Bureau reported that building permits jumped 13.8 percent in February, marking the highest reading in five months and the largest increase since July 2020. This is compared to a rise of 0.1 percent in January and market expectations of 0.2 percent. Regionally, the highest inc March 16, 2023, 11:05 p.m.
Thursday's Markets Update (March 21, 2024) rate3 On Thursday, manufacturing activity is down, service sectors cools a bit, home sales grows unexpectedly, stocks soar on continuing tech lead rally with Micron up 16% on strong earnings. Reddit debuts on NYSE, but Apple tumbles on DOJ lawsuit. Internationally, EU manufacturing sector continue to soft March 21, 2024, 9:20 p.m.
Thursday's Markets Update (March 23, 2023) rate3 On Thursday, while politicians in Congress were busy grilling Mr. Chew (TikTok's chief), and macroeconomic fundamentals such as home sales and jobless claims were released without any big surprises, traders had nothing to focus on except some minor technicalities on the daily graphs. For instance, t March 24, 2023, 3:01 a.m.
Thursday's Markets Update (March 28, 2024) rate3 On Thursday, stocks barely budged at the close of Q1, with investors awaiting inflation data and Powell's comments. This caution persists despite a strong quarter for stocks, with the S&P up 10% (its best performance since 2019). Internationally, gold reached a new ATH on expectations of global rate March 28, 2024, 10:38 p.m.
Thursday's Markets Update (March 30, 2023) rate3 On Thursday, BEA released Q4 2022 'back-view mirror' data on the GDP's QoQ growth, which showed a 2.6 percent increase (versus 3.2 in Q3) and corporate profits, which decreased by 2.7 percent to 2.47T (up 0.8 from Q3). Additionally, the DOL reported that unemployment benefits had risen from 191K to March 31, 2023, 1:59 a.m.
Thursday's Markets Update (March 7, 2024) rate3 On Thursday, major indices climb with S&P 500 & Nasdaq hitting new highs. Powell hinted on Fed cutting rates this year while jobless claims up slightly, labor costs revised lower. On the world markets, ECB held the rate at the record high (4.5%). BTC hovered under 68K, while the rest of crypto marke March 7, 2024, 11:20 p.m.
Thursday's Markets Update (May 11, 2023) rate3 On Thursday, the increase in PPI was lower than expected but not enough to exit traders, which led to NASDAQ stalling (o:12321, c:12328), while BTC (o:27399, c:26843) slid down another 2 percent. Details: According to recent data, prices for goods and services produced by businesses rose by 0.2% May 14, 2023, 3:58 a.m.
Thursday's Markets Update (May 16, 2024) rate3 On Thursday, stocks seesawed and closed in red, still holding near record highs as housing and industrial data hinted on a recession. GameStop and AMC plunged. On world's markets, EU stocks hold around the flatline despite easing inflation as the Japan economy contracted. BTC (-2%) and ETH (-3%) dec May 17, 2024, 12:03 a.m.
Thursday's Markets Update (May 18, 2023) rate3 On Thursday, jobless benefits decreased more than expected, while the Philadelphia Index rose, indicating better economic conditions and an increased probability of a rate hike. Nonetheless, NASDAQ (o: 12,513, c: 12,688) added 1.4 percent based on technicals, while BTC (o: 27,237, c: 26,734), which May 19, 2023, 12:38 a.m.
Thursday's Markets Update (May 2, 2024) rate3 On Thursday, stocks rose as traders were relieved by a less hawkish Fed statement. However, a timeline for cuts remains unclear, while economic data continued to show resilience in the job market accompanied by a continuing slump in manufacturing. Internationally, the yen re-depreciated after a shor May 2, 2024, 8:24 p.m.
Thursday's Markets Update (May 25, 2023) rate3 On Thursday, NASDAQ experienced a surge during the pre-market session, with a gain of 1.7%. The index closed at 12,698, surpassing Wednesday's closing value of 12,484. Semiconductors led this upward movement, with Nvidia seeing a significant increase of 24%, rising from a Wednesday closing value of May 25, 2023, 11:04 p.m.
Thursday's Markets Update (May 4, 2023) rate3 On Thursday, macroeconomic data came out mixed. DOL reported that weekly jobless claims rose to 242K, while Challenger Inc. data showed that in April, employers announced fewer job cuts than in March. In response, the markets barely moved, with NASDAQ (o: 11997, c: 11966) and BTC (o: 29054, c: 28895 May 5, 2023, 12:14 a.m.
Thursday's Markets Update (May 9, 2024) rate3 On Thursday, stocks recovered, with most indexes up slightly. Rising jobless claims hint at a cooling labor market, potentially prompting a Fed rate cut. Housing, energy, and materials led gains, while Airbnb shares slumped after outlooks fell short. Tech giants were mixed. Globally, Bank of England May 9, 2024, 6:05 p.m.
Thursday's Markets Update (November 14, 2024) rate3 On Thursday, equities fell as investors digested mixed economic data and Powell's comments. The PPI report showed some inflationary pressures, while the Fed's stance on rate cuts became less certain. The tech and consumer discretionary sectors lagged, while energy and industrials outperformed. The d Nov. 14, 2024, 10:16 p.m.
Thursday's Markets Update (November 16, 2023) rate3 On Thursday, the Nasdaq hesitated near its one-year highs as traders digested recent economic data. Weekly jobless claims rose to a three-month high, indicating a cooling jobs market. Import and export prices also declined sharply in recent months. With no rate hike expected in December, markets see Nov. 16, 2023, 7:56 p.m.
Thursday's Markets Update (November 21, 2024) rate3 On Thursday, equities closed higher, with the Dow leading the gains despite major manufacturing indexes continuing their decline. After-hours trading saw positive results for Gap and Ross Stores, driven by strong earnings reports, as traders shifted towards cyclical stocks. Risk-on investors are dis Nov. 22, 2024, 2:35 a.m.
Thursday's Markets Update (November 2, 2023) rate3 On Thursday, Nasdaq closed sharply higher, mostly due to "trading volatility" technicals and as some investors cheered weak signs that the labor market is cooling. Several companies also reported strong earnings, including Eli Lilly, Starbucks, and Roku. Crypto buyers attempted to storm BTC's and ET Nov. 2, 2023, 8:35 p.m.
Thursday's Markets Update (November 28, 2024) rate3 On Thursday, markets are closed for Thanksgiving. EU economic indicators continue to worsen as Brussels bureaucrats pump the money supply to an all-time high, while Brazilian equities dipped due to the government's increase in taxes. Chinese stocks fell on expectations of restrictions on chip import Nov. 29, 2024, 4:47 a.m.
Thursday's Markets Update (November 30, 2023) rate3 On Thursday, PCE inflation measures slowed, personal spending eased, and continuing jobless claims rose to a two-year high. The Nasdaq pared back early gains to trade lower 14.2K. Meanwhile, BTC and ETH continued to hover below 38K and 2.1K, respectively. Details In October, personal income ro Nov. 30, 2023, 9:05 p.m.
Thursday's Markets Update (November 7, 2024) rate3 On Thursday, equities rose, extending the post-election rally. The tech sector led the gains, fueled by the Fed's 25 basis points rate cut and hopes for reduced regulation under Trump's administration. However, bank and financial services stocks declined due to concerns about potentially higher inte Nov. 8, 2024, 2:03 a.m.
Thursday's Markets Update (November 9, 2023) rate3 On Thursday, Nasdaq and the Dow fell as Treasury yields rose and Fed Chair Powell signaled more tightening. Disney soared on strong earnings, while Tesla sank on valuation concerns and a sell rating. Meanwhile, BTC closed a trading day above $36K — the first time since May 2022 — and ETH shot above Nov. 10, 2023, 12:06 a.m.
Thursday's Markets Update (October 10, 2024) rate3 On Tuesday, equities are up; nine out of the 11 S&P sectors ended higher, led by technology, communication services, and consumer discretionary. Oil dropped on risks-overestimates, as rubber reached a 7-year high on China stimulus and uranium rose to its highest in a month on expected supply cuts. B Oct. 11, 2024, 4:22 a.m.
Thursday's Markets Update (October 12, 2023) rate3 On Thursday, CPI rose and Nasdaq fell due to rising Treasury yields and higher-than-expected inflation. Investors were spooked by the prospect of another interest rate hike later in the year, again. BTC and ETH continued to edge down on bearish technicals. Other news: DappRadar reported a USD 600 mi Oct. 12, 2023, 11:11 p.m.
Thursday's Markets Update (October 17, 2024) rate3 On Thursday, equities ended mixed after the Dow and SP briefly reached new ATHs, with semiconductor shares leading the gains. Retail sales increased, and jobless claims were lower than expected, suggesting strong consumer spending. Traders are now focusing on the upcoming earnings reports from Big T Oct. 18, 2024, 3:09 a.m.
Thursday's Markets Update (October 19, 2023) rate3 On Thursday, jobless claims decreased and Nasdaq as well as the rest of Wall Street stocks fell as investors weighed Fed Chair Powell's comments on that the resilience of the economy suggests that neutral interest rates may have shifted higher. Netflix surged on strong subscriber growth, while Tesla Oct. 20, 2023, 1:17 a.m.
Thursday's Markets Update (October 24, 2024) rate3 On Thursday, equities finished mixed, with technology stocks outperforming and leading to gains in the Nasdaq. Tesla surged more than 20%, adding over $100B in market value following strong profits. Other notable stock movements included declines in IBM, Honeywell, and Boeing. The dollar decreased, Oct. 25, 2024, 5:56 a.m.
Thursday's Markets Update (October 26, 2023) rate3 On Thursday, the economy grew 4.9% in Q3, and the Nasdaq fell to its lowest level since May as investors focused on higher rates for longer as well as disappointing earnings results. BTC and ETH paused on technicals, still hanging inside the 34-35K and 1.85-1.75K ranges, respectively. Details Oct. 29, 2023, 9:31 p.m.
Thursday's Markets Update (October 31, 2024) rate3 On Thursday, stocks closed sharply lower, led by tech stocks. Disappointing earnings from Microsoft and Meta, coupled with concerns about AI costs, pressured the market. A strong labor market and rising inflation also dampened hopes for Fed rate cuts. Europe's unemployment rate is at a historical lo Nov. 1, 2024, 5:42 a.m.
Thursday's Markets Update (October 3, 2024) rate3 On Thursday, stocks finished marginally in the red, while services sector data showed expansion as labor conditions continued to cool. Sentiments soured after Biden hinted at support for Israel striking Iran's oil facilities. Internationally, gold remains near record levels, while oil surged by over Oct. 4, 2024, 4:07 a.m.
Thursday's Markets Update (October 5, 2023) rate3 On Thursday, Nasdaq fell slightly today in reaction to resilient labor market data, which points to more rate hikes. In the broader market, consumer staples, materials, and industrials led the downside. BTC and ETH tumbled on technicals, confirming the bearish trend. Other news: Hong Kong-based CMCC Oct. 6, 2023, 12:53 a.m.
Thursday's Markets Update (September 12, 2024) rate3 On Thursday, stocks continued to rise, fueled by strong performance in the tech and semiconductor sectors. Economic data, including the PPI, showed signs of easing inflation, supporting expectations for a 25-point rate cut by the Fed. Globally, gold reached a new ATH, while silver surged due to Chin Sept. 13, 2024, 2:12 a.m.
Thursday's Markets Update (September 14, 2023) rate3 On Thursday, the Nasdaq rose, with Arm Holdings’ successful IPO lifting investor sentiment. Headline producer inflation beat estimates, while core PPI met expectations. Also strong economic data indicated the economy resilience. Retail sales increased. BTC extended its rally re-energized by the ECB Sept. 17, 2023, 4:48 a.m.
Thursday's Markets Update (September 19, 2024) rate3 On Thursday, stocks surged, fueled by optimism about a soft economic landing following the Fed's rate cut, which was supported by a decline in weekly jobless claims. The Dow (42,000) and S&P reached new ATHs, led by tech stocks and sectors tied to economic growth. Internationally, several major stoc Sept. 19, 2024, 11:49 p.m.
Thursday's Markets Update (September 21, 2023) rate3 Unemployment claims declined, suggesting a strong labor market and further rate hikes. Treasuries responded with new highs, and the Nasdaq fell sharply to its lowest level in five weeks, led by rate-sensitive tech shares. Amazon, Broadcom, and Cisco shares decreased on corporate news. BTC plunged be Sept. 22, 2023, 1 a.m.
Thursday's Markets Update (September 26, 2024) rate3 On Thursday, stocks were mixed, with the S&P reaching a new ATH before closing in red, while the Dow gained a bit on the economy showing growth. Semiconductor stocks performed well. Internationally, silver reached a 12-year high, while the Euro area money supply reached a new record of 16.4 trillion Sept. 27, 2024, 6:24 a.m.
Thursday's Markets Update (September 28, 2023) rate3 On Thursday, GDP and core price index increases aligned with expectations, creating a neutral backdrop on which megacap stocks such as Meta, Tesla, Alphabet, and Nvidia rallied on technicals, leading to the Nasdaq's up-tick. BTC also started to gain some positive momentum, reaching above 27K, while Sept. 28, 2023, 10:31 p.m.
Thursday's Markets Update (September 5, 2024) rate3 On Thursday, stocks traded mixed as investors anticipated Friday's employment report. Private payrolls data showed weaker-than-expected job growth, but falling unemployment claims provided some optimism. Overall, conflicting economic signals raised concerns about a potential recession and the Fed's Sept. 6, 2024, 3:37 a.m.
Thursday's Markets Update (September 7, 2023) rate3 On Thursday, the Nasdaq closed lower as investors worried about the Federal Reserve’s plans to raise interest rates. Tech stocks fell the most, with Apple down 2.9%. Lower-than-expected jobless claims and strong labor costs data pointed to a tight labor market, which could keep the Fed on track to r Sept. 17, 2023, 4:36 a.m.
Thursday's Markets Updates (July 20, 2023) rate3 On Thursday, Philadelphia Manufacturing Index come out with no improvements as unemployment benefits fell. Nasdaq reacted by extending its decline with shares of Netflix -8% after the company's revenue missed forecasts. Also, Tesla tumbled about 5%, as Elon Musk signaled slowdown in production. BTC July 20, 2023, 5:52 p.m.
Thursday's Market Update (Feb 16, 2023) rate3 On Thursday's trading session, bears attempted to take revenge inspired by the Bureau of Labor Statistics' report on producer prices, which jumped by 0.7 percent, notably higher than the 0.4 percent forecasted by market analysts. However, their efforts didn't go far. The NASDAQ stayed at its opening Feb. 17, 2023, 12:08 a.m.
Thursday's Market Update (Feb 23, 2023) rate3 Thursday's Market Update: At the start of the Thursday session, the Department of Labor released its weekly Unemployment Insurance Report (ending February 18th), which showed that the number of people filing for unemployment benefits fell by 3K to 192K, below analysts' expectations of 200K. A tig Feb. 23, 2023, 10:10 p.m.
Thursday's Market Update (July 25, 2024) rate3 On Thursday, stocks rebounded slightly, attempting to recover technically from yesterday's sharp decline, but then mostly went red. Investors continue to shift focus from tech to traditional sectors as doubts about the AI-fueled rally grow. Industrials and banks led the gains. Meanwhile, despite rob July 25, 2024, 11:02 p.m.
Thursday's Market Update (July 4, 2024) rate3 On Thursday, while the largest stock markets are closed for a national holiday, the UK's index rose as general election polls suggested the Labour Party may secure a majority. In global markets, the Brazilian real strengthened after Lula promised to address fiscal imbalances. BTC dipped below $57K, July 4, 2024, 10:54 p.m.
Thursday's Market Update (June 13, 2024) rate3 On Thursday, the stock market rose slightly on a drop in CPI and a surge in jobless claims. Tesla gained after shareholder approval of Musk's pay package. Internationally, EU markets continued to drop as manufacturing activity slowed. Both BTC and ETH are down after an attempted bounce on easing inf June 13, 2024, 8:27 p.m.
Thursday's Market Update (March 9, 2023) rate3 On Thursday, traders, confused by Powell's latest public performance, either played technicals, ignoring fundamentals yet again, or played fundamentals, ignoring the Fed. The NASDAQ jumped from 11,578 to 11,667 on the opening, prompted by the Department of Labor's weekly jobless claims report. Howev March 10, 2023, 12:05 a.m.
Thursday's Market Update (May 30, 2024) rate3 On Thursday the stock market declined, led by tech and consumer services. Disappointing earnings from Salesforce and others dragged the market down. GDP growth came in lower than expected, raising talks about interest rate cuts again. On world markets, business confidence in the Eurozone edged up. B May 31, 2024, 3:15 a.m.
Tuesday's Markets Report (January 30, 2024) rate3 On Tuesday, job openings increased, while the Dallas Fed reported a drop in service sector activity and home prices continued to rise, dampening hopes for a 25bps rate cut by the Fed. As a result, stocks were mixed: the S&P 500 and Nasdaq declined, while the Dow Jones edged slightly higher. Corporat Jan. 31, 2024, 3:19 a.m.
Tuesday;s Markets Update (6 August, 2024) rate3 On Tuesday, major stock indexes rebounded, but didn't close the Monday's gap, after precipitant decline in previous days. Investors cheered strong earnings from tech and industrial giants like Palantir, Uber, and Caterpillar. Internationally, Japanese stocks also soared, boosting market sentiment. B Aug. 7, 2024, 12:53 a.m.
Tuesday's Markets Update (April 04, 2023)) rate3 On Tuesday, neither the oil producers' announcement that they will reduce their production starting in May nor the JOLTs report, which showed that the number of job openings fell by 632K to 9.9M in February 2023 (the lowest level since May 2021, as market expectations were 10.4M), improved traders' April 5, 2023, 3:50 p.m.
Tuesday's Markets Update (April 11, 2023) rate3 On Tuesday, the National Federation of Independent Business (NFIB) reported that its Small Business Optimism Index decreased by 0.8 points in March to 90.1 (previously 90.9, forecasted 89), marking the 15th consecutive month below the 49-year average of 98. The index reached this low twice before (o April 12, 2023, 3:03 p.m.
Tuesday's Markets Update (April 16, 2024) rate3 On Tuesday, stocks showed mixed performance due technical factors following yesterday's slump and to low housing numbers. Uncertainty was heightened by Powell's comments about the Fed's "restrictive policy" possibly continuing. Internationally, dollar, gold and oil keep rising, China reported an une April 16, 2024, 8:08 p.m.
Tuesday's Markets Update (April 18, 2023) rate3 On Tuesday, the Census Bureau announced that building permits for March had dropped by 8.8 percent to 1.413 million, which was more than the anticipated decrease of only 6 percent, according to economists. Additionally, the Bureau of Statistics of China reported that the national economy had grown b April 19, 2023, 2:26 a.m.
Tuesday's Markets Update (April 2, 2024) rate3 On Tuesday, stocks dropped sharply as strong economic data (job openings, factory orders) dimmed hopes of a Fed rate cut in June. Tesla slumped due to lower-than-expected deliveries. On world markets, silver is up on growing geopolitical threats, Eurozone production activity remains subdued, the Eur April 2, 2024, 6:06 p.m.
Tuesday's Markets Update (April 23, 2024) rate3 On Tuesday, stocks rose led by communication services, industrials, and healthcare while PMI data signaled a slowdown in manufacturing and services sectors. Internationally, gold continued to slide on a dollar strength and on media's geopolitical news lessened negativity. BTC and ETH chilled above 6 April 23, 2024, 6:55 p.m.
Tuesday's Markets Update (April 25, 2023) rate3 On Tuesday, traders were surprised to see that sales of new homes in March had skyrocketed by almost 10 percent, exceeding the projected increase of 1 percent by most analysts. This surprise was compounded by the First Republic Bank's scare, as the bank's stocks plummeted by 50 percent from 16.0 to April 26, 2023, 1:50 a.m.
Tuesday's Markets Update (April 30, 2024) rate3 On Tuesday, stocks slumped as stronger wage data fueled inflation fears before a key Fed decision on Wednesday. As a consequence, the dollar index rides to its five-month high. Internationally, it was added by an unexpected surge of the EU's GDP leading to European markets dump on fears of the ECB r April 30, 2024, 8:11 p.m.
Tuesday's Markets Update (April 9, 2024) rate3 On Tuesday, stocks surrendered their gains, with financials, industrials, and tech sectors leading the decline, while real estate remained positive. Small business confidence plummeted to levels not seen since the 2007-08 depression. Internationally, commodities continued their upward trajectory, dr April 9, 2024, 6:24 p.m.
Tuesday's Markets Update (August 1, 2023) rate3 On Tuesday, Fitch lowered US rating but leaving markets unperturbed, PMI registered nine consecutive months of decline, job openings are at its lowest in 10 months, Nasdaq dipped a little on traders indecision, BTC continued to stagnate. Details: The ISM Manufacturing PMI edged higher to 46.4 in Aug. 2, 2023, 2:14 a.m.
Tuesday's Markets Update (August 13, 2024) rate3 On Tuesday, stocks surged, fueled by lower-than-expected producers inflation (PPI) data, raising hopes for larger Fed rate cuts. Tech and consumer stocks led the rally, with notable gains from Nvidia, AMD, Qualcomm, Amazon, Tesla, and Starbucks. Globally, gold is poised to reach an all-time high as Aug. 13, 2024, 11:51 p.m.
Tuesday's Markets Update (August 15, 2023) rate3 On Tuesday, the Nasdaq fell on better-than-expected retail sales, concerns about China's slowdown, and Fitch's hints of a rating downgrade for major banks. Despite a sudden drop in the NY Manufacturing and Housing Market Index, traders ignored looming recession worries and bet on the Fed continuing Aug. 16, 2023, 1:14 a.m.
Tuesday's Markets Update (August 20, 2024) rate3 On Tuesday, stocks fell, after breaking a 20-year record streak of higher highs, as investors await clues from the Fed regarding rate cuts. Tech and consumer stocks led the gains, while energy and materials declined. Internationally, inflation in the Eurozone rose unexpectedly, and gold reached a ne Aug. 21, 2024, 2:42 a.m.
Tuesday's Markets Update (August 22, 2023) rate3 On Tuesday, ratings agencies S&P and Moody's downgraded some US banks due to economic headwinds. The Nasdaq closed slightly higher, with Tesla and Apple offsetting losses from Nvidia and AMD. BTC was stagnant, moving sideways throughout the day, as a result of the aftershock following its Thursday f Aug. 24, 2023, 4:35 a.m.
Tuesday's Markets Update (August 27, 2024) rate3 On Tuesday, stocks traded mixed as Richmond manufacturing reached 4-year low. Tech stocks rose, led by Nvidia, KLA, Adobe, and Teradyne. Globally, Mexican peso hit 20-months low as investors worry about the governments reforms. Meanwhile, BTC and ETH dropped sharply to their monthly support levels o Aug. 28, 2024, 12:39 a.m.
Tuesday's Markets Update (August 29, 2023) rate3 On Tuesday, Job openings fell and the Nasdaq rose sharply, boosted by expectations that the Fed will pause interest rate hikes in September. Tesla and Nvidia were among the top gainers. BTC surged on Grayscale’s win against the SEC. Details Job openings (JOLTs) in the US fell to a 22-month low Sept. 4, 2023, 2:23 a.m.
Tuesday's Markets Update (August 8, 2023) rate3 On Tuesday, Moody's cut the ratings of several banks, causing major banking stock turmoils across the globe, especially in the EU, as the Nasdaq remained unchanged. Meanwhile, small business owners' optimism is up, while consumers' is down, pointing to a potential economic weakness ahead coupled wit Aug. 9, 2023, 2:55 a.m.
Tuesday's Markets Update (December 10, 2024) rate3 On Tuesday, equities continued to decline as traders de-risked due to geopolitical concerns. Market sentiment became volatile, as some investors were worried about the state of the economy despite promises from the upcoming White House administration. They were also awaiting the release of the consu Dec. 12, 2024, 3:27 a.m.
Tuesday's Markets Update (December 12, 2023) rate3 On Tuesday, investors weigh a surprising CPI report and anticipate the Fed's policy decision. The Nasdaq and other key stocks seesaw amid an unexpected 0.1% rise in consumer prices. Energy is the worst-performing sector due to a drop in oil prices. Tesla and Oracle shares fall due to disappointing e Dec. 12, 2023, 6:57 p.m.
Tuesday's Markets Update (December 17, 2024) rate3 On Tuesday the Dow extended its downward streak to nine days—the longest since 1978. The S&P and Nasdaq also declined. Tech stocks like Nvidia and Broadcom fell, while Tesla continued to gain. EU economic sentiment improved but remained subdued. BTC reached a new ATH of ~$108K but continued to corre Dec. 18, 2024, 2:06 p.m.
Tuesday's Markets Update (December 19, 2023) rate3 On Tuesday, housing starts rose unexpectedly but stocks edged up with the Nasdaq 100 reaching an all-time high record of 16,766. Top sectors were materials, communications, consumer discretionary and real estate. Meanwhile, BTC and ETH continue to fluctuate up and down on technicals as traders await Dec. 19, 2023, 9:08 p.m.
Tuesday's Markets Update (December 26, 2023) rate3 On Monday, the Nasdaq and other major stock indexes closed higher, extending an eighth straight week of gains, driven by reduced price pressures and expectations of interest rate cuts in 2024. Intel's shares rose by 5.2%, while Apple faced a setback following a sales ban on its smartwatches. Home pr Dec. 27, 2023, 1:48 a.m.
Tuesday's Markets Update (December 3, 2024) rate3 On Tuesday, equities closed mixed. The S&P and Nasdaq reached new highs, driven by strong tech stocks, while the Dow declined. Job market data lowered expectations of a Fed rate cut. Tesla's stock fell due to declining shipments. The South Korean won weakened after the declaration of martial law. UK Dec. 4, 2024, 5:12 a.m.
Tuesday's Markets Update (December 5, 2023) rate3 On Tuesday, the Nasdaq rose as traders weighed new economic data showing job openings dropped below forecasts to the lowest since March 2021, signaling a cooling labor market. This was despite the PMI topping estimates, pointing to resilience in the services sector. Apple, Amazon, Nvidia, and Tesla Dec. 5, 2023, 10:07 p.m.
Tuesday's Markets Update (Feb 28, 2023) rate3 On Tuesday, the stock market was uncertain, possibly due to lack of a novel information in the published macroeconomic data. NASDAQ hovered around 11.4K (open: 11451, close: 11455) and BTC remained stagnant at approximately 23.3K (open: 23403, close: 23272) during the day session. BTC saw an increa March 2, 2023, 5:18 p.m.
Tuesday's Markets Update (February 13, 2024) rate3 On Tuesday, yearly inflation continued to decrease (3.1%) but the monthly core inflation rose higher than expected and that, coupled with technical indicators set on the over-bought, caused markets to overreact, leading to all major stock indexes dropping sharply. On the world's markets, Euro hit 3- Feb. 13, 2024, 11:09 p.m.
Tuesday's Markets Update (February 20, 2024) rate3 On Tuesday, the CB economic index dropped, and stock followed suit with large tech companies leading the decline due to concerns over high valuations. Major retailers reported mixed earnings. In foreign markets, the CAC in France hit an all-time high, cocoa prices continued their rally reaching an a Feb. 20, 2024, 11:11 p.m.
Tuesday's Markets Update (February 27, 2024) rate3 On Tuesday, stock indexes were flat to lower, as traders await key economic data and Fed comments. Durable goods orders contracted by 6.1%, while the home price index is up. In global markets, the Nigerian central bank hiked its rate to a record 22%. Cotton prices are up on a speculative buying. The Feb. 27, 2024, 9:14 p.m.
Tuesday's Markets Update (February 6, 2024) rate3 On Tuesday, NY Fed data showed consumer debt hit a record and stocks were mixed, with the S&P 500 flat, Nasdaq down and Dow Jones up. Investors adjusted expectations following Powell's remarks. Earnings season continued, with Palantir surging 30% on profits outlook. Internationally, Euro Area retail Feb. 6, 2024, 9:32 p.m.
Tuesday's Markets Update (January 10, 2023) rate3 After Bostic's set back a day before, Powell's 'stick to our knitting' speech in Stockholm came almost unnoticed by markets on Tuesday, Jan 10. NASDAQ went up by 1.2 percent (from 10607 to 10742) and BTC increased by about one percent (open: 17246, close: 17432). This bullish reaction was mostly tec Jan. 11, 2023, 8:21 a.m.
Tuesday's Markets Update (January 16, 2024) rate3 On Tuesday, major stock indexes are mostly lower, with the S&P 500 and Dow Jones down, while Nasdaq remains flat. Comments from Fed's Waller about a gradual decrease in inflation suggest no rush for rate cuts, leading to a rise in the dollar and Treasuries. Hawkish remarks from ECB policymakers also Jan. 16, 2024, 11:24 p.m.
Tuesday's Markets Update (January 2, 2024) rate3 On Monday, Nasdaq and other stock indexes started 2024 in red after a strong 2023 as traders continue to fix their gains. Investors are assessing economic and monetary policy ahead of releases this week. Tech stocks, particularly Apple, performed poorly due to rising Treasury yields and a downgrade Jan. 3, 2024, 4:01 a.m.
Tuesday's Markets Update (January 23, 2024) rate3 On Tuesday, the Richmond Manufacturing Index unexpectedly fell, while retail sales were reported to be rising, leading some traders to play technicals and start shorting indexes. Consequently, US stocks, including the S&P 500 and Nasdaq 100, were mixed but remained near record levels, still buoyed b Jan. 23, 2024, 8:34 p.m.
Tuesday's Markets Update (January 24, 2023) rate3 On Tuesday, the markets were shaky due to pressure from heavily overbought stocks (on daily charts) in many sectors. Traders watched as the NASDAQ opened at 11302 and closed at 11334, adding a meager 0.3 percent. Similarly, Bitcoin opened at 22860 and closed at 23010, gaining 0.7 percent. However, j Jan. 25, 2023, 3:39 a.m.
Tuesday's Markets Update (January 9, 2024) rate3 On Tuesday, the Nasdaq and other major stocks were mixed, following a tech-driven rally. Worst performers included real estate, materials, industrials, and utilities. Small business sentiment improved in December but remained pessimistic. Apple, Amazon, Alphabet, Netflix, and NVIDIA shares rose afte Jan. 9, 2024, 9:02 p.m.
Tuesday's Markets Update (July 11, 2023) rate3 On Tuesday, the NASDAQ (o:13709, c:13760) added a bit, closing the day in a green. Traders were processing comments from Fed officials which continued to stress the need of further tightening this year. At the same time BTC (o:30433, c:30581) continued to edge up, preparing to storm 31K, again. D July 12, 2023, 3:45 p.m.
Tuesday's Markets Update (July 16, 2024) rate3 On Tuesday, stocks rose broadly, with the DJ hitting a new ATH. Investors were optimistic about possible Fed rate cuts, disregarding falling retail sales. Industrial stocks like Caterpillar and Boeing led the surge. On global markets, EU stocks are down as traders expected the ECB to diverge from Fe July 16, 2024, 11:40 p.m.
Tuesday's Markets Update (July 18, 2023) rate3 On Tuesday, retail sales was up less than expected, and industrial production decreased for 2nd month. Nasdaq went down 0.4% on an opening, as traders assimilated corporate results and economic data. BTC is still edging down on a continuing correction after XRP-led short-term price explosion. Det July 18, 2023, 4:46 p.m.
Tuesday's Markets Update (July 2, 2024) rate3 On Tuesday, major stock indexes hit new highs, fueled by gains in big tech despite a slight increase in the JOLTS report and Powell signaling continued high rates. Tesla surged +10% after strong deliveries. In global markets, uranium hit a two-week high as many countries announced their intention to July 3, 2024, 2:54 a.m.
Tuesday's Markets Update (July 23, 2024) rate3 On Tuesday, stock market indexes were mostly unchanged despite slowed manufacturing activity and a sharp drop in home sales. Meanwhile, investors await key earnings reports as some companies, including Coca-Cola, Danaher, GE, Philip Morris, and Lockheed Martin, have reported strong results. In contr July 23, 2024, 9 p.m.
Tuesday's Markets Update (July 25, 2023) rate3 On Tuesday, the Case-Shiller home price index dropped less than expected, showing a continuing inflationary pressure. However, the Nasdaq still closed the session in the green on technicals. BTC is testing 29K on the downside, as some whales are rumored to be preparing to take profits after a massiv July 26, 2023, 1:15 a.m.
Tuesday's Markets Update (July 30, 2024) rate3 On Tuesday, stocks tumbled, led by a sharp decline in chipmakers, erasing early gains. Investors are cautious ahead of the Fed's decision tomorrow. The Nasdaq and S&P suffered significant losses, while the Dow managed to hold its ground. Concerns over the sustainability of the AI boom and disappoint July 31, 2024, 12:16 a.m.
Tuesday's Markets Update (July 9, 2024) rate3 On Tuesday, the SP and Nasdaq hit new highs, while the Dow Jones fell after Powell's testimony, despite him reiterating the Fed's plan to stick to reaching a 2% inflation target. Internationally, Mexican inflation unexpectedly jumped to a one-year high. BTC and ETH continued to fluctuate near 58K an July 9, 2024, 10:52 p.m.
Tuesday's Markets Update (June 11, 2024) rate3 On Tuesday, the stock market fluctuated, with the S&P up, the Dow down, and the Nasdaq hitting a new ATH. Technology stocks led the gains, headed by Apple, which rose 6%. On global markets, European stocks declined for the third day due to political concerns. BTC and ETH continued to move south, dra June 12, 2024, 3:08 a.m.
Tuesday's Markets Update (June 13, 2023) rate3 On Tuesday, inflation notably slowed, meeting traders' expectations. This resulted in NASDAQ (open: 13,566, close: 13,573) and BTC (open: 26,082, close: 25,902) ranging. Details: Inflation slowed in May, with the core CPI (excluding food and energy) falling to 5.3% from 5.5% in April. Energy pric June 14, 2023, 4:28 p.m.
Tuesday's Markets Update (June 18, 2024) rate3 On Tuesday, the S&P nearly hit a new record high, boosted by Nvidia's surge past Microsoft to become the world's most valuable company. The broader market is mixed, with investors watching economic data and Fed comments for clues about future interest rates. Internationally, EU inflation rose. BTC ( June 18, 2024, 11:39 p.m.
Tuesday's Markets Update (June 20, 2023) rate3 On Tuesday, building permits increased to their highest level since October 2022, suggesting that the housing market is recovering. NASDAQ (o: 13,642, c: 13,667) drifted side-way while traders await Powell's comments this week. BTC (o: 26,851, c: 27,982) continued to rise, jumping an additional 4.2% June 21, 2023, 5:04 a.m.
Tuesday's Markets Update (June 25, 2024) rate3 On Tuesday, stock market mixed after tech sell-off. S&P and Nasdaq rose, while Dow Jones fell. Tech and communication services led gains, while materials and industrials lagged. Internationally, EU stocks stabilized at their monthly levels after two weeks of volatility. Cryptocurrencies are up, with June 25, 2024, 10:20 p.m.
Tuesday's Markets Update (June 27. 2023) rate3 On Tuesday, Durable Goods orders, the Case-Shiller Index, and New Home sales unexpectedly jumped, driving the NASDAQ (o: 13,389, c: 13,555) higher by 1.2%. Meanwhile, BTC (o: 30,713, c: 30,648) continued to drift sideways. Details: Durable goods orders rose 1.7% in May, with transportation equipm June 28, 2023, 10:10 a.m.
Tuesday's Markets Update (June 4, 2024) rate3 On Tuesday, stock indexes were uncertain after mixed economic data. Job openings fell sharply, but factory orders rose. Real estate and consumer staples led the gains, while energy stocks fell due to lower oil prices. On global markets, the Indian rupee weakened after initial election results sugges June 4, 2024, 8:17 p.m.
Tuesday's Markets Update (June 6, 2023) rate3 On Tuesday, the Confidence Index didn't performed as expected, NASDAQ (o:13199, c:13276, +0.5%) corrected a bit up on technicals and BTC (o:25533, c:27080, +6%) soared on whales aggressive entries despite the CoinBase Details: The US Economic Confidence Index, as measured by IBD/TIPP, saw a sl June 7, 2023, 2:23 a.m.
Tuesday's Markets Update (March 12, 2024) rate3 On Tuesday, major stock indices rose despite an unexpected inflation increase and a decline in business activity. Internationally, manufacturing output decreased in Brazil and India, while Mexico registered an increase. BTC, ETH, and most of the crypto market corrected, while XRP surged by 20%. Micr March 12, 2024, 6:18 p.m.
Tuesday's Markets Update (March 19, 2024) rate3 On Tuesday, stocks are flat ahead of the Fed meeting, ignoring the sudden surge in building permits. No rate hike is expected. Internationally, Japan increased its key interest rates to 0.1% for the first time in eight years. The crypto market was hit by a second wave of correction, with Bitcoin rea March 19, 2024, 8:35 p.m.
Tuesday's Markets Update (March 26, 2024) rate3 On Tuesday, stocks were in the red as investors awaited inflation data and Fed clues. Durable goods orders surprised on the upside, but consumer confidence missed, and regional manufacturing activity continued to slow down. The financial and consumer discretionary sectors led, while utilities and en March 26, 2024, 10:15 p.m.
Tuesday's Markets Update (March 28, 2023) rate3 On Tuesday, while Congress was planning to "strengthen" small banks, perplexed traders were watching their news monitors which showed contradictory economic data. The Case-Shiller home price index had its seventh consecutive decline, indicating lower inflation. Meanwhile, the Richmond Manufacturing March 29, 2023, 12:12 a.m.
Tuesday's Markets Update (March 5, 2024) rate3 On Tuesday, Dow, S&P and Nasdaq drop more than 1%. Tech giants like Tesla, Microsoft, and Meta lead a decline on concerns over China and tech sector health. Gold reached a new ATH on weak PMI and expectations of rate cuts. BTC crashed spectacularly to 59K after touching ATH at 69K as a result of a m March 6, 2024, 5:32 a.m.
Tuesday's Markets Update (March 7, 2023) rate3 Powell's testimony to Congress on Tuesday did not bring relief to markets, as expected. Basically, he said that the pace of rate hikes (currently at 4.5%-4.75%) might be accelerated if needed, that the latest economic data has come in stronger than the Fed previously anticipated, that he still keeps March 7, 2023, 9:52 p.m.
Tuesday's Markets Update (May 14, 2024) rate3 On Tuesday, stocks rose a bit as investors digested the mixed inflation data. Producer prices climbed in April. Powell cautioned about inflation and advised staying patient with rate hikes. However, markets still expect cuts by September. Meme stocks like GameStop and AMC soared. On the world market May 14, 2024, 8:02 p.m.
Tuesday's Markets Update (May 16, 2023) rate3 On Tuesday, the retail sales data issued by the Census Bureau disappointed traders, which dragged NASDAQ (o: 12393, c: 12343) and BTC (o: 27060, c: 26933) down. Retail sales in the US rose 0.4% mom in April, bouncing back from two months of declines, but below market forecasts of a 0.8% increase. May 17, 2023, 1:13 p.m.
Tuesday's Markets Update (May 21, 2024) rate3 On Tuesday, major stock indexes hit new records, again, despite mixed news. Investors weighed strong earnings reports against cautious comments from the Fed and disappointing outlooks from retailers. Internationally, commodities continue to rise due to geopolitical factors, with aluminum prices reac May 21, 2024, 11:16 p.m.
Tuesday's Markets Update (May 2, 2023) rate3 On Tuesday, BLS reported that JOLTS' decrease surpassed expectations. However, this did not affect traders, who remained focused on a banking debacle. As a result, JPM was devalued by -11.4 percent, BOA by -2.4 percent, and WFC by -2.9 percent. NASDAQ (o:12198, c:12080, down 0.9 percent) succumbed t May 3, 2023, 12:45 a.m.
Tuesday's Markets Update (May 23, 2023) rate3 On Tuesday, there was a surprising jump in both the Services PMI and new home sales, catching traders off guard and resulting in a slight downturn for NASDAQ (: 12,652, c: 12,560) and BTC (o: 27,284, c: 27,181). Unexpectedly, there was a 4.1 percent surge in new home sales in April, reaching a to May 24, 2023, 3 a.m.
Tuesday's Markets Update (May 28, 2024) rate3 On Tuesday, the stock market was mixed. The Dow fell on hawkish comments from the Fed. The S&P remained flat, while the Nasdaq reached a new high due to strong gains in chip companies. On the world’s markets, silver surged again, nearing an 11-year high. BTC and ETH are still holding within their we May 28, 2024, 11:51 p.m.
Tuesday's Markets Update (May 30, 2023) rate3 On Tuesday, the Shiller Home Index jumped to a one-year high, the Dallas Fed Index sunk, NASDAQ (o:13109, c:13017) corrected, and BTC (o:27919, c:27861) ranged. The Dallas Fed Business Activity Index for manufacturing decreased to -29.1 in May, the lowest since Q2 of 2020. The production index tu May 30, 2023, 11:55 p.m.
Tuesday's Markets Update (May 9, 2023) rate3 On Tuesday, the Small Business Optimism Index for April decreased further, but traders, who were waiting for Wednesday's inflation data release, remained apathetic and NASDAQ (c:12195, o:12179) as well as BTC (o:27758, c:27716) were almost unmoved. NFIB's Small Business April's Optimism Index dec May 9, 2023, 11:53 p.m.
Tuesday's Markets Update (November 12, 2024) rate3 On Tuesday, equities declined despite consumer confidence surging to a three-year high, pausing after the post-election rally. The technology and communication services sectors outperformed, while materials, healthcare, and real estate lagged. Gold and oil rebounded as the EU economic sentiment drop Nov. 13, 2024, 4:20 a.m.
Tuesday's Markets Update (November 14, 2023) rate3 On Tuesday, Nasdaq rallied as inflation slowed, easing concerns about interest rate hikes. Nvidia surged to a record high. Tesla soared amid price hikes. Meta Platforms climbed as Amazon announced it will sell products on its platform. Meanwhile, BTC declined due to a technical correction. Detail Nov. 15, 2023, 7:37 p.m.
Tuesday's Markets Update (November 19, 2024) rate3 On Tuesday, equities rebounded slightly at the start of the session but ended mixed, with the tech and retail sectors leading the gains, boosted by falling housing starts and building permits that emboldened the "rate-cutters" camp. Nvidia and Tesla rose ahead of their earnings reports, while Walmar Nov. 20, 2024, 1:37 a.m.
Tuesday's Markets Update (November 21, 2023) rate3 On Tuesday, the Chicago National Activity Index and sales of existing homes decreased, the Nasdaq dropped, and there was a subdued trading day in Wall Street as investors processed unfavorable earnings reports from major retailers Lowe's, Kohl's, and Best Buy. Traders was also looking for insights i Nov. 21, 2023, 10:34 p.m.
Tuesday's Markets Update (November 26, 2024) rate3 On Tuesday, the S&P and Dow reached new highs on Trump-optimism and inflow of foreign capitals, despite new home sales plummeting to a 17-year low and Fed minutes indicating growing hawkishness among FOMC members. Tech stocks outperformed, while automakers and companies with exposure to Mexican trad Nov. 27, 2024, 2:05 a.m.
Tuesday's Markets Update (November 28, 2023) rate3 On Tuesday, the dollar fell, and Nasdaq was up while traders were considering new data and comments from the Fed. Governor Waller expressed confidence in the current policy, while Governor Goolsbee noted significant progress on inflation, and Governor Bowman's hawkish stance seemed more conditional Nov. 28, 2023, 6:24 p.m.
Tuesday's Markets Update (November 5, 2024) rate3 On Tuesday, stock futures rose as election results began to emerge. Harris is expected to win Vermont, while Trump is projected to take Kentucky, Indiana, and West Virginia. Investors are also watching the balance of power in Congress, which may affect spending and tax policies. Additionally, market Nov. 6, 2024, 2:43 a.m.
Tuesday's Markets Update (November 7, 2023) rate3 On Tuesday, Nasdaq rose for the seventh consecutive day, its longest winning streak in two years. Amazon, Apple, Meta, and Tesla all rose. Microsoft reached its all-time high. Energy stocks were the biggest underperformers, falling on lower oil prices. Meanwhile, BTC traders attempted to overcome th Nov. 7, 2023, 10:53 p.m.
Tuesday's Markets Update (October 10, 2023) rate3 On Tuesday, small businesses are reported to be less optimistic, but the Nasdaq and a broader range of stocks gained as Treasury yields fell after dovish comments from Fed officials. Tesla, Bank of America, and Amazon were among the top gainers. Bitcoin went sideways, while Ethereum continued its sl Oct. 10, 2023, 9:07 p.m.
Tuesday's Markets Update (October 1, 2024) rate3 On Tuesday, stocks fell due to Iran's missile strikes on Israel and disappointing economic data. Job openings rose, manufacturing activity remained stagnant, and tech stocks declined, while energy and defense stocks gained. Internationally, Eurozone inflation and manufacturing activity slipped to th Oct. 2, 2024, 2:11 a.m.
Tuesday's Markets Update (October 15, 2024) rate3 On Tuesday, equities fell, led by the energy, technology, and healthcare sectors. Megacap chip stocks like Nvidia, AMD, and Broadcom declined significantly. Apple rose due to strong demand for older models. New York manufacturing activity is sharply down. Oil prices are down, while gold prices are u Oct. 16, 2024, 3:01 a.m.
Tuesday's Markets Update (October 17, 2023) rate3 On Tuesday, Nasdaq ended flat, as investors adjusted to rising Treasury yields and concerns about higher interest rates. US retail sales data outperformed expectations, reinforcing the belief that the economy is strong and will continue to drive the Fed's interest rate hikes. Nvidia fell after the C Oct. 19, 2023, 5:41 a.m.
Tuesday's Markets Update (October 22, 2024) rate3 On Tuesday, equities finished mostly flat, with the SP and Dow slightly down, while the Nasdaq rose. Concerns over interest rates and mixed earnings results persisted. Treasury yields reached a high of 4.22% before easing, reflecting traders' reassessment of the Fed's future actions. Key stock movem Oct. 23, 2024, 5:53 a.m.
Tuesday's Markets Update (October 24, 2023) rate3 On Tuesday, private sector growth accelerated but the Nasdaq rose, ignoring the perspectives of Fed rate's new hikes, led by strong corporate earnings reports and a stabilization in Treasury yields. Top gainers included Spotify, Verizon, and Coinbase, which soared by more than 6% as Bitcoin rose to Oct. 25, 2023, 4:28 a.m.
Tuesday's Markets Update (October 29, 2024) rate3 On Tuesday, stocks closed mixed as job openings fell and home prices increase slowed, with technology leading gains ahead of earnings and more economic data. The Nasdaq approached an ATH, while the Dow fell. Alphabet rose ahead of its earnings report, while McDonald's and Ford declined due to weaker Oct. 30, 2024, 11:50 p.m.
Tuesday's Markets Update (October 31, 2023) rate3 On Tuesday, home prices showed the biggest increase in seven months, while the Nasdaq and other major indexes rose due to technical buying, led by the financial and consumer discretionary sectors. Energy was the biggest laggard. Nvidia fell after reports that it may have to stop chip orders to China Oct. 31, 2023, 9:04 p.m.
Tuesday's Markets Update (October 3, 2023) rate3 On Tuesday, a better-than-expected JOLTS report led to the Nasdaq tanking in a broad sell-off, as investors worried about rising interest rates. The consumer discretionary, financials, real estate, and technology sectors led the decline. Megacap growth stocks were also under pressure, with Microsoft Oct. 4, 2023, 12:46 a.m.
Tuesday's Markets Update (October 8, 2024) rate3 On Tuesday, equities are up; nine out of the 11 S&P sectors ended higher, led by technology, communication services, and consumer discretionary. Oil dropped on risks-overestimates, as rubber reached a 7-year high on China stimulus and uranium rose to its highest in a month on expected supply cuts. B Oct. 9, 2024, 3:42 a.m.
Tuesday's Markets Update (September 12, 2023) rate3 On Tuesday, Nasdaq slide down as inflation worries weigh on tech. Apple unveils iPhone 15, Oracle misses estimates. BTC recovered on a rare occasion of crypto traders anticipating positive macroeconomic updates. Other news: the EU Parliament required crypto-asset service providers to report all EU c Sept. 17, 2023, 4:43 a.m.
Tuesday's Markets Update (September 17, 2024) rate3 On Tuesday, stocks traded flat to the red as investors awaited the Fed's rate decision tomorrow. The market is divided on the size of the expected rate cut (25 or 50 points). Mega-cap stocks showed mixed performance. Retail sales unexpectedly rose in August, defying expectations. Internationally, th Sept. 18, 2024, 1:17 a.m.
Tuesday's Markets Update (September 19, 2023) rate3 On Tuesday, Housing starts dropped sharply while the Nasdaq went sideways as investors awaited the Fed's rate decision. Amazon fell but Apple gained after positive iPhone outlooks. Bitcoin stalled on rate uncertainty. Other news: Coinbase found that one in five adults in the United States is holding Sept. 20, 2023, 4:20 a.m.
Tuesday's Markets Update (September 24, 2024) rate3 On Tuesday, markets edged up, lifted by Nvidia's surge, despite consumer confidence dipping to a 3-year low and the Richmond manufacturing sector dropping to its lowest level since May 2020. Internationally, Chinese stocks skyrocketed thanks to lavish CCP stimulus. Silver prices also soared over 5%, Sept. 25, 2024, 1:28 a.m.
Tuesday's Markets Update (September 26, 2023) rate3 On Tuesday, The Nasdaq fell almost 2%, breaching the important technical support at 13K, with tech giants such as Tesla, Apple, Amazon, Microsoft, and Alphabet all seeing notable declines. The sell-off came after data showed that consumer confidence and new home sales have fallen in recent months, w Sept. 28, 2023, 12:39 a.m.
Tuesday's Markets Update (September 3, 2024) rate3 On Tuesday, stocks plunged, led by technology and economic concerns, with Nvidia and other chipmakers suffering significant downs. Communication services stocks also underperformed. Weak factory data added to the market's woes, raising concerns about the economy and Fed's potential actions. Globally Sept. 4, 2024, 1:17 a.m.
Tuesday's Markets Update (September 5, 2023) rate3 On Tuesday, Nasdaq closed slightly higher, but was pressured by rising oil prices and concerns about global economic growth. The energy sector rose, while Airbnb and Blackstone climbed after news that they will join the S&P 500. Tesla also rose after reports of production rebound in Shanghai. BTC wa Sept. 17, 2023, 4:32 a.m.
Tuesday's Market Update (31 Jan 2023) rate3 Tuesday's stock markets reacted positively to selective corporate earnings reports (notably, McDonald's 2.59 earnings per share (EPS), which was higher than the expected 2.45, and General Motors' 2.12 EPS, exceeding expectations of 1.68). The NASDAQ rose from 11,398 to 11,594 (+1.7 percent) during t Jan. 31, 2023, 10:58 p.m.
Tuesday's Market Update (Feb 14, 2023) rate3 Today, Bureau of Labor Statistics reported long anticipated January's Core Inflation Rate (the primary measure of inflation for goods and services purchased by consumers, excluding volatile food and energy) decreased for the fourth consecutive month to 5.6 percent year-on-year. This value represents Feb. 15, 2023, 10:35 a.m.
Tuesday's Market Update (Feb 21, 2023) rate3 The trading session on Tuesday was opened with a report by the National Association of Realtors that home sales declined by 0.7% to 4.0 million in January, with the median price of $359,000 increasing by 1.3% from one year ago. This marked the twelfth straight month of decreases, with forecasts pred Feb. 22, 2023, 11:42 a.m.
Tuesday's Market Update (Feb 7, 2023) rate3 From two key phrases uttered by Powell during Tuesday's question-and-answer session with Mr. Rubenstein, head of the Carlyle Group, at the Economic Club of Washington, traders chose "disinflationary process has started" and disregarded "we have to do more and raise rates more than is priced in" (if Feb. 8, 2023, 9:57 a.m.
Tuesday's Market Update (Jan 17, 2023) rate3 At Tuesday, with NASDAQ barely moving (o: 11070, c: 1195) and BTC lingering roughly where it was three days ago (o: 21235, c: 21390), traders appeared to be just hanging out there waiting for Wednesday's PPI. Meanwhile, NY Fed's general business conditions index fell to -32.9 in December (-11.2 in N Jan. 18, 2023, 10:54 p.m.
Tuesday's Market Update (Jan 3rd, 2023)) rate3 NASDAQ opened this year by sliding from 10562 to 10386 (1.7 percent, with Tesla dropping 8.8 percent and Amazon holding 83 mark) on a day session. Looks like traders, after abandoning all hopes for FED's early pivot, started to factor in the recession. One of triggers was today's Global Manufactu Jan. 4, 2023, 3:12 a.m.
Tuesday's Market Update (March 14, 2023) rate3 On Tuesday, the BLS reported that the Consumer Price Index increased to 300.84 (+0.4 percent) in February, which was a slight increase from January's figure of +0.5 percent. The increase in CPI almost perfectly met the market's expectations of 300.86. The indexes for gasoline, shelter, and apparel s March 15, 2023, 12:18 a.m.
Tuesday's Market Update (March 21, 2023) rate3 On Tuesday, BTC remained in the 28th price-zone (opening: 28233, closing: 27785, -1.6 percent), while NASDAQ traders continued to price in the widely anticipated 0.25-point increase as a result of Wednesday's FOMC meeting (opening: 11764, closing: 11860, +0.8 percent). However, economic fundamen March 22, 2023, 3:17 a.m.
Tuesday's Market Update (May 7, 2024) rate3 On Tuesday, stocks paused after a 4-day winning streak as investors awaited Fed comments following mixed economic data. Disney slumped on weak earnings, while Peloton soared on buyout rumors. Palantir tumbled after disappointing forecasts. Internationally, the Euro reached a one-month high, anticipa May 7, 2024, 8:44 p.m.
Unraveling the Dichotomies Shaping Human Economics rate3 Introduction Evernomics, a conceptual framework proposing that economics is fundamentally rooted in human perception, unveils a complex interplay of forces that shape the trajectory of individual and societal growth. At its core, Evernomics posits two major dichotomies: the interplay between t Dec. 13, 2023, 8:55 p.m.
Wednesday's Markets Review (April 5, 2023) rate3 On Wednesday, the ISM Services PMI report indicated a decline in demand and employment, along with an improvement in capacity and logistics. Additionally, there was a decrease in price pressures, which was the lowest since September 2020. The PMI figure fell to 51.2, down from 55.1 in the previous m April 9, 2023, 2:18 a.m.
Wednesday's Markets Update: rate3 On Wednesday, stocks hit new records as investors react to Fed minutes and inflation data. Tech giants lead market higher, offsetting concerns over Alphabet's potential divestiture. Dollar index increased to 8-day high as traders predict smaller rate cut. BTC and ETH dropped briefly but returned to Oct. 10, 2024, 5:53 a.m.
Wednesday's Markets Update (15 March, 2023) rate3 Credit Suisse panic aside, Powell's monetary adventurism continues to cause confusion among investors on Wednesday. Most are now uncertain which way the FOMC decision will go next week. The NASDAQ and BTC are reflecting this nervousness, with the former fluctuating up and down during the day session March 16, 2023, 3:48 a.m.
Wednesday's Markets Update (22 Feb, 2023) rate3 On Wednesday's trading session, bears attempted to use the FOMC Minutes, which were published in the midst of the day, to push markets further down. However, they were taken aback as traders were generally unimpressed by the content of the document. The minutes basically reiterated positive macroeco Feb. 22, 2023, 10:33 p.m.
Wednesday's Markets Update (22 May, 2024) rate3 On Wednesday, tech stocks surged after Nvidia's strong earnings. The broader market remained cautious as Fed minutes signaled potential interest rate hikes to fight inflation. Cryptocurrency prices are taking a dip. Bitcoin and Ether are both down. Details Existing home sales dipped 1.9% in Ap May 23, 2024, 3:05 a.m.
Wednesday's Markets Update (April 10, 2024) rate3 On Wednesday, stocks plunged as inflation worries flared in a major upset to tech bulls, dimming hopes of Fed rate cuts. The Fed funds rate is now seen staying high in June (76.8% vs 42.6% yesterday) and July cuts are less likely. All sectors fell, with tech giants like Apple and Microsoft leading t April 10, 2024, 7:49 p.m.
Wednesday's Markets Update (April 12, 2023) rate3 On Wednesday, we saw how the FOMC's shortsightedness overpowered reality. Despite the BLS reporting that March's CPI increased 0.1 percent, decelerating from a 0.4 percent rise in February and below the market's expectations of a 0.2 percent gain, traders focused instead on the Fed's stubbornly hawk April 13, 2023, 3:27 a.m.
Wednesday's Markets Update (April 17, 2024) rate3 On Wednesday, the mortgage rate hit a 4-month high, and stocks closed lower as Powell's hawkish remarks and mixed earnings reports weighed on the market. The S&P 500 and Dow hit multi-month lows. In the world's markets, aluminum prices spiked on sanctions and major currencies, including the Indonesi April 17, 2024, 10:22 p.m.
Wednesday's Markets Update (April 19, 2023) rate3 On Wednesday, major stock indexes corrected downwards on technicals during pre-market trading and then resurged on corporate reporting during the regular trading session. As a result, the NASDAQ (o:12063, c:12157) remained at its Tuesday closing price, while BTC (o:29218, c:29227) slid down to the 2 April 20, 2023, 2:17 a.m.
Wednesday's Markets Update (April 24, 2024) rate3 On Wednesday, stocks are mostly in the red as economic reports continue to send mixed signals, reflecting deteriorating fundamentals but still showing strong consumer morale. Internationally, commodities are still on the rise, with copper reaching a two-year high. BTC suddenly plunged by 4% promptin April 24, 2024, 9:45 p.m.
Wednesday's Markets Update (April 26, 2023) rate3 On Wednesday, the Census Bureau surprised markets once again by reporting that Durable Goods for March recovered sharply to 276.4B. This news was accompanied by tech companies' positive earnings reports, with Meta's stock shooting up by 11.2 percent, surpassing the projected 2.2 EPS (earning per sha April 27, 2023, 3:51 a.m.
Wednesday's Markets Update (April 3, 2024) rate3 On Wednesday, stocks edged higher after mixed economic data. The services sector slowed, but job growth remained strong. Tech stocks rose except for Microsoft and Intel, which dropped due to the earthquake in Taiwan. Globally, Eurozone inflation is down to a 2-year low, while gold and oil continued April 3, 2024, 5:46 p.m.
Wednesday's Markets Update (August 14, 2024) rate3 On Wednesday, stocks were mostly unchanged after the CPI report met expectations. Tech stocks led gains while utilities lagged. Microsoft, Apple, Nvidia, Amazon, and Meta rose, while Alphabet and Tesla fell. Internationally, steel prices reached an eight-year low due to weak Chinese demand. BTC and Aug. 14, 2024, 8:15 p.m.
Wednesday's Markets Update (August 16, 2023) rate3 On Wednesday, US Treasuries rose to their highest level in 15 years, and the Nasdaq tumbled following the release of the FOMC minutes, forming a bearish pattern on daily charts. BTC fell below 29K, confirming a downside trend. Other news: Uzbekistan created some limited opportunities for cryptocurre Aug. 17, 2023, 2:53 a.m.
Wednesday's Markets Update (August 21, 2024) rate3 On Wednesday stock growth slowed as prices edged toward a key resistance level and investors weighed economic data and expectations for Fed rate cuts. The BLS revised down job growth numbers, adding to concerns about a softer labor market. The Fed is likely to cut rates in September and potentially Aug. 22, 2024, 2:55 a.m.
Wednesday's Markets Update (August 2, 2023) rate3 On Wednesday, NASDAQ reacted violently to Fitch's decision, tumbling down by more than 2%. BTC, however, remained unperturbed above 29K. Other updates: Grayscale's report pointed to macro risks for crypto; Stock markets are falling across the EU following the US lead; the Brazilian central bank cut Aug. 3, 2023, 1:44 a.m.
Wednesday's Markets Update (August 23, 2023) rate3 On Wednesday, Nasdaq had its field day, rising more than 1% during its best day in about two months, following fresh data suggesting that service inflation is easing. Meanwhile, with its sudden breach of the 30K-28K support zone, BTC has entered pronounced bearish conditions and is now hovering just Aug. 24, 2023, 4:37 a.m.
Wednesday's Markets Update (August 28, 2024) rate3 On Wednesday, stocks fell on technical factors followed by futures despite Nvidia's strong earnings report. Notable movers included Nordstrom and Ambarella. Investors are now focused on corporate reports from Salesforce, CrowdStrike, HP, and Affirm. Internationally, France's unemployment rate fell s Aug. 29, 2024, 2:59 a.m.
Wednesday's Markets Update (August 30, 2023) rate3 On Wednesday, GDP increased less than expected but the Nasdaq index was volatile. HP shares tumbled more than 10% after the company lowered its profit outlook. Investors are likely to exercise caution ahead of the release of the monthly jobs data on Friday. BTC corrected sharply on a short-term hold Sept. 4, 2023, 2:24 a.m.
Wednesday's Markets Update (August 7, 2024) rate3 On Wednesday, stocks went down, reversing yesterday's gains. Investors remain cautious about the economic outlook and company earnings. Tech and consumer stocks led the decline, with Tesla, Airbnb, Super Micro, and Disney posting significant shortfalls. Despite earnings, concerns about its park busi Aug. 7, 2024, 9:01 p.m.
Wednesday's Markets Update (August 9, 2023) rate3 On Wednesday, investors are nervous in the wake of Thursday's CPI data release. As a result, Nasdaq sharply corrected downward on technicals, while EU stocks recovered after Tuesday's slump. At the same time, BTC continued its whales' games, bewildering retail traders who are trying to position eith Aug. 10, 2023, 2:59 a.m.
Wednesday's Markets Update (Dec 28, 2022) rate3 NASDAQ started Wednesday at 10339 and closed at 10213 (-1.2 percent), while BTC, which was trying to recover during the night (PST) session, followed, going from 16652 to 16518 (-0.8). Economy continues to deteriorate (with November's Pending Home Sales sliding 4.0 percent - 0.9 was expected) and te Dec. 29, 2022, 1:23 a.m.
Wednesday's Markets Update (December 11, 2024) rate3 On Wednesday, the Dow declined, while the S&P rose and the Nasdaq reached a new ATH, boosted by a better-than-expected inflation report. Tech stocks, led by Alphabet, Tesla, and Nvidia, fueled the rally. The yuan fall on expectations that China may weaken its currency in response to potential tariff Dec. 12, 2024, 3:30 a.m.
Wednesday's Markets Update (December 13, 2023) rate3 On Wednesday, the Fed held interest rates steady at 5.5% and projected slower rate hikes through 2024-2025, buoying the Nasdaq and other major stock indexes to new highs, including the Dow Jones reaching a record of 37,090. Meanwhile, BTC and ETH also experienced growth, but started to form a bearis Dec. 13, 2023, 10:45 p.m.
Wednesday's Markets Update (December 18, 2024) rate3 On Wednesday, stocks plummeted after the Fed cut interest rates by 25 basis points but signaled fewer cuts than anticipated. This sparked a market sell-off, with the S&P and Nasdaq falling by approximately 3% and 4%, respectively, while the Dow dropped 1,123 points—its longest downward spiral (10 da Dec. 19, 2024, 4:12 a.m.
Wednesday's Markets Update (December 20, 2023) rate3 On Wednesday, major stock indexes rebounded to trade slightly higher, with the Nasdaq 100 reaching a new record high of 16,830. Gains were driven by expectations of Fed rate cuts and better-than-expected economic data on home sales and consumer confidence. Alphabet stock rose on news it plans to reo Dec. 21, 2023, 4:41 a.m.
Wednesday's Markets Update (December 27, 2023) rate3 On Wednesday, the manufacturing activity continued to decelerate, while the Nasdaq index rose, contributing to a 45% growth this year. This surge is primarily attributed to the resurgence of the seven largest technology companies and the hysteria surrounding artificial intelligence. Shares of Bit Di Dec. 27, 2023, 9:58 p.m.
Wednesday's Markets Update (December 4, 2024) rate3 On Wednesday, all three major indices reached record highs, with the Dow closing above 45K for the first time. Positive tech sector performance and strong earnings reports boosted market sentiment. On the other hand, Powell stated that he isn’t hurried to cut interest rates. Notable corporate moveme Dec. 5, 2024, 5:17 a.m.
Wednesday's Markets Update (December 6, 2023) rate3 On Wednesday, the Nasdaq turned negative due to energy and megacap declines, despite earlier gains on cooling job data reinforcing expected Fed easing. Meanwhile, BTC went sideways just under 44K, and ETH retreated below 22.2K. Details 103K workers were hired in Nov, below expectations of 130K Dec. 7, 2023, 1:03 a.m.
Wednesday's Markets Update (Feb 1, 2023) rate3 Despite Powell reiterating his previous statements that the interest rate won't go down soon (at least until the end of this year) and that the Federal Open Market Committee (FOMC) will hike it a minimum of two more times, markets decided that a 0.25% rise was enough good news and continued to rise. Feb. 2, 2023, 8:08 a.m.
Wednesday's Markets Update (Feb 8, 2023) rate3 "I am prepared for a longer fight to bring inflation down to our target," said Mr. Waller, an appointee of Trump to the FOMC and a former VP at the St. Louis FED, at the Arkansas State University Agribusiness Conference. However, this statement was not the cause of the 1.3 percent decrease in NA Feb. 9, 2023, 6:58 a.m.
Wednesday's Markets Update (February 14, 2024) rate3 On Wednesday, PPI came in lower than expected, and stocks rebounded with the Nasdaq climbing more than 1%. Semiconductors and crypto-related stocks, like Nvidia (+2.5%) and Coinbase (+14%), led gains. In the world's markets, the Euro Area reported stagnation, as palladium prices rebounded from a low Feb. 15, 2024, 3:18 a.m.
Wednesday's Markets Update (February 21, 2024) rate3 On Wednesday, investors disregarded cautious Fed minutes hinting at a possible delay in interest rate cuts, leading to flat stock markets. Gold and oil prices increased due to geopolitical factors. The crypto market experienced a correction, with major altcoins such as Algorand (-4%), Solana (-2%), Feb. 22, 2024, 2:40 a.m.
Wednesday's Markets Update (February 28, 2024) rate3 On Wednesday, major stocks indices decreased as investors awaited the PCE inflation report and digested contradictory comments from Fed officials. The US economy showed 3.2% annualized growth in Q4 2023. In the world's markets, economic sentiments lowered in the Euro Area, and sugar prices rose due Feb. 28, 2024, 11:41 p.m.
Wednesday's Markets Update (February 7, 2024) rate3 On Wednesday, mortgage applications increased, indicating an improving economy and higher Fed rates for longer, but stocks climbed on strong corporate reports, with the S&P 500 hitting ATH and Nvidia, Microsoft, and Meta showing significant gains. Internationally, China's vehicle sales slowed while Feb. 8, 2024, 2:13 a.m.
Wednesday's Markets Update (Jan 11, 2023) rate3 China announcing adjustments to its 'containment' policy, up-tick of the Mortgage Refinance Index (to 326.7, corresponding to mortgage applications increase of 1.2 percent and showing growing borrowers optimism regarding the rate further decline, while 30-year fixed rate fall to 6.42 percent) and ri Jan. 12, 2023, 3:36 a.m.
Wednesday's Markets Update (Jan 18, 2023) rate3 Wednesday's markets have been set for the technical correction by the previous week's excessive growth. NASDAQ went down 1.9 percent (o: 11170, c: 10957) and BTC by 3.1 dropping from 21.4K to 20.7K during the day session. We can argue whether Jan 18th multiple macroeconomic releases contributed or n Jan. 18, 2023, 10:56 p.m.
Wednesday's Markets Update (Jan 25, 2023) rate3 It was anticipated that bullish investors would not maintain an aggressive buying strategy in the lead up to the Federal Open Market Committee meeting. Furthermore, the release of Durable Goods data on Thursday and Consumer Price Index for Core data on Friday were factors that influenced traders' de Jan. 26, 2023, 5:47 a.m.
Wednesday's Markets Update (January 10, 2024) rate3 On Wednesday, Nasdaq, Dow and SP indexes edged up as traders remained cautious ahead of key inflation data and the start of earnings season. Consumer discretionary and tech led gains while energy lagged. NVIDIA, Microsoft, and Meta rose to multi-week highs, while Exxon and Chevron dropped to 4-week Jan. 10, 2024, 10:48 p.m.
Wednesday's Markets Update (January 17, 2024) rate3 On Wednesday, mortgage rates continue to fall, retail sales jumped thanks to auto and industrial production rose, resulting in 20-Y Bonds increasing to 4.423%. As a result, stocks traded lower as traders tempered their expectations of March Fed rate cuts, with the S&P 500 down ~1%, Nasdaq off ~1%, m Jan. 17, 2024, 9:17 p.m.
Wednesday's Markets Update (January 24, 2024) rate3 On Wednesday, macroeconomic data showed that January business activity increased, and the S&P 500 and Nasdaq 100 hit fresh records, driven by strong corporate results. Netflix shares soared 10% after beating revenue forecasts and increasing subscribers. Chipmakers gained, with Nvidia, Microsoft, and Jan. 24, 2024, 8:26 p.m.
Wednesday's Markets Update (January 31, 2024) rate3 On Wednesday, the Fed kept the rate unchanged at 5.5% but hinted at no cuts in March; as a result, stocks tumbled, with the Dow, S&P 500, and Nasdaq showing deep losses in the communication services, tech, and energy sectors. In the world markets, China's manufacturing is unexpectedly stable, while Feb. 1, 2024, 3:23 a.m.
Wednesday's Markets Update (January 3, 2024) rate3 On Wednesday, Nasdaq and other major stock indexes fell for the 4th straight day as investors digested FOMC minutes, finding little insight on future rate cuts. Tech stocks led declines, with Tesla, Broadcom, and Nvidia down. Energy shares rose, with Chevron and Exxon Mobil gaining due to rising oil Jan. 3, 2024, 11:29 p.m.
Wednesday's Markets Update (July 10, 2024) rate3 On Wednesday, stock markets soared to new records, with the S&P topping 5600 for the first time, fueled by big tech and traders' positive perceptions of Powell's congressional testimony. Internationally, Brazil's inflation rose for the second month. BTC and ETH stayed at 60K and 3K respectively, sti July 11, 2024, 1:25 a.m.
Wednesday's Markets Update (July 12, 2023) rate3 On Wednesday, NASDAQ (o: 13,915, c: 13,918) surged on the opening as inflation fell, then fluctuated and closed at its highest since April 2022. Traders are currently pricing in a high chance for a 25 basis point increase in the fed funds rate this month. The odds for another quarter-point hike in S July 13, 2023, 12:14 a.m.
Wednesday's Markets Update (July 17, 2024) rate3 On Wednesday, stocks tumbled as the tech sector tanked. Chipmakers like Nvidia and AMD plummeted after Trump's comments on China and Taiwan. However, the Dow, less reliant on tech, rose to a new high, buoyed by healthcare stocks. Internationally, EU inflation fell. BTC and ETH fluctuated around 65K July 19, 2024, 4:22 a.m.
Wednesday's Markets Update (July 19, 2023) rate3 On Wednesday, building permits declined indicating weaker economy and NASDAQ ended up slightly in the red. Investors focused on corporate results. BTC continued its sideways trajectory. Details: Building permits in the United States fell in June 2023, with the biggest decline in multi-segment app July 20, 2023, 5:50 p.m.
Wednesday's Markets Update (July 24, 2024) rate3 On Wednesday, tech stocks plunged, dragging down major indexes, as disappointing earnings from tech giants dashed AI-fueled optimism. Alphabet, Tesla, and Visa led the decline, with concerns over spending, revenue, and economic conditions. Meanwhile, manufacturing activity contracted sharply. Intern July 24, 2024, 11:36 p.m.
Wednesday's Markets Update (July 26, 2023) rate3 On Wednesday, the FOMC raised interest rates to the highest level in 22 years. However, Powell's comments were seen as a sign that the Fed is leaning towards a more dovish monetary policy. In response, the NASDAQ went volatile, while BTC continued its attempt to recover after Monday's plunge below 2 July 27, 2023, 3:58 a.m.
Wednesday's Markets Update (July 31, 2024) rate3 On Wednesday, stocks surged as the Fed held rates steady but hinted at a possible cut. Chipmakers rallied, with Nvidia and AMD leading the charge. However, Microsoft stumbled amid cloud woes. On global markets, Eurozone inflation unexpectedly jumped while China's manufacturing sector continued to co July 31, 2024, 10:49 p.m.
Wednesday's Markets Update (July 3, 2024) rate3 On Wednesday, stocks rose in a shorter session, with the S&P and Nasdaq hitting new all-time highs as weaker economic data fueled investor belief in an interest rate cut by the Fed. The data showed a slowdown in services and job growth. Tesla continued its strong performance. On global markets, gold July 4, 2024, 1:39 a.m.
Wednesday's Markets Update (July 5, 2023) rate3 On Wednesday, FOMC minutes hinted at more rate hikes ahead. However, NASDAQ (open: 13,772, close: 13,791) persisted in closing higher on Meta's Threads rollout. BTC (open: 30,321, close: 30,431) followed with a minor uptick during the daily session, followed by a roller coaster ride in after-hours t July 6, 2023, 5:41 p.m.
Wednesday's Markets Update (June 12, 2024) rate3 On Wednesday, stocks hit new ATHs as inflation eased and the Fed held the rate at 5.25%, hinting at future cuts. Apple and Tesla led the gains. On global markets, EU stocks rebounded on the Fed's decision and easing concerns about political instability in France. BTC and ETH, after a 3-day plunge, a June 13, 2024, 1:57 a.m.
Wednesday's Markets Update (June 14, 2023) rate3 On Wednesday, Powell left the rate unchanged, as was anticipated by the majority of market analysts. NASDAQ (open: 13,570, close: 13,626) rose slightly in response, while BTC (open: 26,022, close: 25,874) continued to decrease due to weak demand, as investors reallocated funds to tech stocks. Det June 15, 2023, 4:35 a.m.
Wednesday's Markets Update (June 14, 2023) rate3 On Wednesday, Powell left the rate unchanged, as was anticipated by the majority of market analysts. NASDAQ (open: 13,570, close: 13,626) rose slightly in response, while BTC (open: 26,022, close: 25,874) continued to decrease due to weak demand, as investors reallocated funds to tech stocks. Det June 15, 2023, 4:35 a.m.
Wednesday's Markets Update (June 19, 2024) rate3 On Wednesday, cryptocurrencies are on the rise, while the stock market is closed for a holiday. ETH is slightly outperforming BTC with an increase of approximately 2%. The rest of the major coins showed growth of up to 4%. In global markets, oil is rising due to increasing geopolitical tensions. June 19, 2024, 9:37 p.m.
Wednesday's Markets Update (June 21, 2023) rate3 On Wednesday, Powell's Congressional remarks offered no surprises to markets. NASDAQ (open: 13,620, close: 13,502, -0.9%) continued to correct from its yearly highs. Meanwhile, BTC gained another 4.2%, almost reaching its yearly record of 31K, on a whales' "buy the dip" play. Powell reporting to June 22, 2023, 5:25 a.m.
Wednesday's Markets Update (June 26, 2024) rate3 On Wednesday, stocks closed slightly higher ahead of an economic report. Amazon and Tesla rose, while Nvidia remained volatile. In global markets, French stocks are down due to Le Pen's projected win, and the Japanese yen depreciated to 1986 levels. BTC and ETH are holding their levels at 61K and 3. June 27, 2024, 1:54 a.m.
Wednesday's Markets Update (June 28, 2023) rate3 On Wednesday, Powell issued distressing comments, projecting more rate hikes, and the Fed tested bank's resilience to the crisis. However, the NASDAQ (o: 13,506, c: 13,591) ticked up, driven by megacap momentum tech stocks, while BTC (o: 30,102, c: 30,100) continued to hover above 30K. Details: June 29, 2023, 7:43 a.m.
Wednesday's Markets Update (June 5, 2024) rate3 On Wednesday, stocks surged, with the SP and Nasdaq hitting new ATHs, fueled by positive economic data and a tech rally. On world markets, natural gas prices are rising due to the hot summer. BTC and ETH continue to edge up slowly, with the rest of the crypto market keeping pace. Details Busin June 5, 2024, 8:01 p.m.
Wednesday's Markets Update (June 7, 2023) rate3 On Wednesday, the trade deficit widened, reaching 6-months high, and NASADAQ (o:13295, c:13104, -1.4%) as well as BTC (o:26802, c:26482, -1.2%) declined on technicals. In April, the US trade deficit reached $74.6 billion, a six-month high, compared to March's $60.6 billion reading. Exports fell 3 June 8, 2023, 6:08 a.m.
Wednesday's Markets Update (March 1, 2023) rate3 Wednesday session went without surprises underlined by a lazy ISM Manufacturing PMI update to 47.7 (47.4 - previous, 48 - prognosis). As reported by the Institute for Supply Management a noticeable decline was seen in production (47.3 vs 48) while employment fell (49.1 vs 50.6). Companies continue t March 2, 2023, 5:20 p.m.
Wednesday's Markets Update (March 13, 2024) rate3 On Wednesday, stock markets dip after record highs. The S&P 500 and Nasdaq fell slightly, while the Dow Jones gained. Nvidia, Tesla, and Intel dropped, while Amazon rose. On world markets, silver, soybean, and copper prices surged due to a combined effect of a lower dollar, bad weather, and monopoli March 14, 2024, 2:52 a.m.
Wednesday's Markets Update (March 20, 2024) rate3 On Wednesday, stocks soar to new ATHs after Fed maintains rate cut plans. Tech leads rally, with mega-caps like Meta and Apple up over 1%. In world markets, gold set a new record at $2222. The crypto market surged back with BTC and ETH gaining about 7%. Details Fed holds rates at a 23-year hig March 21, 2024, 2:11 a.m.
Wednesday's Markets Update (March 22, 2023) rate3 On Wednesday, after the FOMC decided on a 0.25 point increase (Fed's Projections: current - 5.1, 1st year - 4.3, 2nd year - 3.1, longer - 2.5), traders played the classic "buy-the-news-sell-the-fact" game, resulting in the NASDAQ retreating 1.6 percent (o: 11857, c: 11669) and BTC plunging 5.5 perce March 23, 2023, 4:21 a.m.
Wednesday's Markets Update (March 27, 2024) rate3 On Wednesday, stocks rebounded after a two-day slump. The Dow surged on strong performances from Apple and Intel, while the S&P hit a record high. Tech stocks lagged, with Nvidia dropping. Investors await Fed comments and inflation data for clues on rate cuts. Utilities, real estate, and industrials March 27, 2024, 9:26 p.m.
Wednesday's Markets Update (March 29, 2023) rate3 On Wednesday, Mr. Barr continued to subliminally indoctrinate readily attentive regulators with his agenda that the Fed will take more care of small banks. Meanwhile, traders, energized by a seemingly stabilizing situation in the banking sector, pushed major indexes slightly higher in pre-market tra March 30, 2023, 2 a.m.
Wednesday's Markets Update (March 6, 2024) rate3 On Wednesday, stocks rebound after Powell's comments and data. Fed not rushing to cut rates, labor market strong, Nvidia, Meta, Broadcom up and Apple falls for 6th day. On world's markets, gold surged to the new ATH on Powell's comments and weak job reports, while wheat dropped on oversupply and oil March 7, 2024, 2:57 a.m.
Wednesday's Markets Update (May 10, 2023) rate3 On Wednesday, BOL reported that both inflation and core inflation rates had fallen, which was in line with market expectations. Accordingly, NASDAQ (o:12286, c:12306, +0.2 percent) remained flat while BTC (o: 28175, c:27692, -1.7 percent) continued its technical downward correction. Details: The May 14, 2023, 3:56 a.m.
Wednesday's Markets Update (May 1, 2024) rate3 On Wednesday, stocks rebounded following the Fed's decision to hold its rate steady at 5.2-5.5%. Manufacturing activity continued to edge down as job openings reached an 18-month low. On the world's markets, oil dropped on hopes of easing tensions in the Middle East, while the yen depreciated agains May 1, 2024, 8:22 p.m.
Wednesday's Markets Update (May 15, 2024) rate3 On Wednesday, stocks went up on a low core inflation surprise, supported by the sharp drop in retail sales. The S&P and Nasdaq hit new ATH, tech stocks led the gains. Globally, silver reached 10-years high on weaker dollar. BTC reacted jowly on stocks rise jumping up 6% while other coins followed wi May 15, 2024, 10:15 p.m.
Wednesday's Markets Update (May 17, 2023) rate3 On Wednesday, stocks edged higher on technicals, disregarding the Census Bureau permits report. NASDAQ (o: 12388, c: 12500) added one percent, while BTC (o: 26669, c: 27385) followed with a 2.3% increase. Building permits in the US dropped by 1.5% to 1.416M in April. This is the second month of d May 17, 2023, 9:42 p.m.
Wednesday's Markets Update (May 24, 2023) rate3 On Wednesday, FOMC minutes were released without any significant impact due to their dullness. Instead, traders shifted their attention to debt politics, causing NASDAQ (o:12481, c:12484) to decline and creating a gap at the opening. BTC (o:26693, c:26243) slid by 1.7 percent. Fed is divided with May 24, 2023, 11:30 p.m.
Wednesday's Markets Update (May 29, 2024) rate3 On Wednesday stocks are down after a surge in bond yields spooked investors. On world markets, aluminum hit a 2-year high as the IMF raised China's growth outlook for 2024 to 5% from 4.6%. BTC and ETH declined by about 2%, still staying inside their weekly side-ranges. Most of the crypto market is m May 30, 2024, 1:01 a.m.
Wednesday's Markets Update (May 31, 2023) rate3 On Wednesday, NASDAQ (o: 12,968, c: 12,935) and BTC (o: 27,072, c: 27,010) continued to drift sideways on technicals, additionally suppressed by unexpectedly improved job openings. BLS reported a surprising rise in job vacancies in April, reaching 10.1M, surpassing expectations of 9.375M. This re June 1, 2023, 2:05 a.m.
Wednesday's Markets Update (May 3, 2023) rate3 On Wednesday, Jerome raised the rate by another 0.25 basis points to 5.25 percent, confirming market predicaments. Traders who expected action were disillusioned as they saw both NASDAQ (c:12097, o:12025) and BTC (o:28306, c:28322) in a ranging pattern, while the Services PMI continued to increase. May 3, 2023, 10:01 p.m.
Wednesday's Markets Update (May 8, 2024) rate3 On Wednesday, the stock market ended in a light green after a volatile day. Investors mulled mixed messages from officials and earnings reports. In world markets, the dollar strengthened on Fed comments, while the krona fell after Sweden's central bank cut interest rates. BTC turned red, edging to 6 May 8, 2024, 11:34 p.m.
Wednesday's Markets Update (November 1, 2023) rate3 On Wednesday, the Fed kept interest rates at 5.5%, as expected. At the same time, the ISM PMI dropped while jobs increased, highlighting the confusing dichotomy in economic data. Nasdaq rallied on Powell's comments, which some bewildered investors saw as shifting to a "dovish" side, again. Meanwhile Nov. 1, 2023, 8:23 p.m.
Wednesday's Markets Update (November 13, 2024) rate3 On Wednesday, equities closed mixed. The Dow saw modest gains, while the S&P and Nasdaq declined. The consumer discretionary, energy, and real estate sectors outperformed, while technology and healthcare lagged. Investors digested October's inflation data, which met expectations but indicated ongoin Nov. 14, 2024, 2:58 a.m.
Wednesday's Markets Update (November 15, 2023) rate3 On Wednesday, Nasdaq continued to rise as traders weighed signals that the Fed may not hike rates further, though rates will remain elevated for some time. Producer prices fell, indicating easing inflation. Retail sales declined but less than expected. Apple, Microsoft, Amazon, and Nvidia rose. BTC Nov. 15, 2023, 7:38 p.m.
Wednesday's Markets Update (November 20, 2024) rate3 On Wednesday, equities closed mixed, with Nvidia's earnings report and geopolitical tensions impacting market sentiment. The S&P closed flat, while the Nasdaq declined slightly. Retail stocks, led by Target's disappointing earnings, fell sharply. Investors are also monitoring Trump's potential cabin Nov. 20, 2024, 11:15 p.m.
Wednesday's Markets Update: (November 27, 2024) rate3 On Wednesday, equities closed lower as investors took profits after recent gains, with tech stocks leading the downturn. Investors ignored falling PCE and a slowing economy, which plays into the hands of the Fed's doves. The economic situation in both Germany and France continued to worsen. ETH surg Nov. 28, 2024, 4:49 a.m.
Wednesday's Markets Update (November 29, 2023) rate3 On Wednesday, Nasdaq and other stock indexes pared back some of their early gains after a Fed official cautioned against premature rate cut expectations. The comments tempered investor optimism following remarks earlier in the week that had suggested the Fed might soon halt rate hikes. Meanwhile, re Nov. 29, 2023, 7:01 p.m.
Wednesday's Markets Update (November 6, 2024) rate3 On Wednesday, stock futures remained steady following a significant rally spurred by Trump's victory. Major indices reached record highs, with the Dow, S&P, and Nasdaq gaining 3-4%. The small-cap Russell 2000 surged over 5%. Investor optimism centered on anticipated pro-business policies under a sec Nov. 7, 2024, 2:23 a.m.
Wednesday's Markets Update (November 8, 2023) rate3 On Wednesday, Nasdaq flattened out, recording its longest winning streak in two years, as the Dow closed in the red. Real estate and tech outperformed, while utilities and energy lagged behind. eBay's earnings outlook missed estimates, and Lucid Group changed its production forecast. Meanwhile, BTC Nov. 10, 2023, 12:05 a.m.
Wednesday's Markets Update (October 11, 2023) rate3 On Wednesday, BLS data showed slowing PPI, and the Nasdaq was up slightly. However, investors stayed cautious ahead of Thursday's CPI report. BTC and ETH continue their demise on technicals suggesting weak support at 27K and 1.6K, respectively. Other news: UK Parliament attacks NFTs. Details P Oct. 12, 2023, 11:10 p.m.
Wednesday's Markets Update (October 16, 2024) rate3 On Wednesday, equities rose as utilities and financials outperformed, while communication services and consumer staples lagged. Gold reached a new ATH as the Mexican peso weakened following Trump's comments about re-shoring car production. BTC is edging towards 68K as the presidential race appears t Oct. 17, 2024, 1:58 a.m.
Wednesday's Markets Update (October 18, 2023) rate3 On Wednesday, the number of building permits decreased, and the Nasdaq fell in line with the other two major stock indexes. The Middle East conflict and earnings season weighed on investor sentiment. Nvidia was among the top underperformers. BTC and ETH were lingering below 28.4K and 1.53K, respecti Oct. 19, 2023, 5:43 a.m.
Wednesday's Markets Update (October 2, 2024) rate3 On Wednesday, stocks rose slightly due to a technical correction, despite mounting tensions in the Middle East. Economic data showed stronger job growth than expected, with 143K private-sector jobs added in September. Defense and energy stocks rose. Internationally, the EU unemployment rate stayed a Oct. 3, 2024, 2:22 a.m.
Wednesday's Markets Update (October 23, 2024) rate3 On Wednesday, equities declined, with the Dow and S&P falling about one percent, and the Nasdaq decreasing by about two percent. Rising Treasury yields affected stocks as the Q3 earnings season progressed and cautious outlook from Fed officials. Consumer confidence in the EU rose. Japan's manufactur Oct. 24, 2024, 4 a.m.
Wednesday's Markets Update (October 25, 2023) rate3 On Wednesday, new home sales surged, and the Nasdaq hit its lowest levels since June, as investors returned to concerns about interest rate hikes and weighed mixed earnings against rising yields. Alphabet sank 9.5% due to weak cloud revenue, while Microsoft surged 3.1% on strong earnings. Bitcoin re Oct. 26, 2023, 12:09 a.m.
Wednesday's Markets Update (October 30, 2024) rate3 On Wednesday, stocks closed lower as investors digested mixed corporate earnings and economic data. Tech stocks were uncertain, with Nvidia and AMD declining, while Alphabet rose. Slower GDP growth and a strong labor market tempered hopes for Fed rate cuts. Investors are awaiting earnings from Meta, Oct. 30, 2024, 11:51 p.m.
Wednesday's Markets Update (October 4, 2023) rate3 On Wednesday, the Services PMI reached a neutral level, but the Nasdaq surged, fueled by consumer tech giants like Tesla (+5.9%), Microsoft (+1.8%), and Amazon (+1.8%), as ADP job data fell short of expectations, indicating a significant contraction in job growth and calming Treasury yields. BTC and Oct. 5, 2023, 12:56 a.m.
Wednesday's Markets Update (September 11, 2024) rate3 On Wednesday, stocks rallied, led by tech stocks, as inflation eased. The S&P and Nasdaq surged, with chipmakers driving the gains. However, core inflation rose, suggesting a smaller Fed rate cut. Internationally, the British economy stagnated for the second month in a row as Chinese stocks approach Sept. 12, 2024, 2:49 a.m.
Wednesday's Markets Update (September 13, 2023) rate3 On Wednesday, Nasdaq up as investors assess mixed CPI report. Fed seen holding rates in September, pausing in November. Megacaps gain, Apple down after China bans new iPhone models. BTC continued its micro-rally enhanced by positive macro-data. Other news: CFTC’s director warned against “unregulated Sept. 17, 2023, 4:46 a.m.
Wednesday's Markets Update (September 18, 2024) rate3 On Wednesday, stocks finished lower after the Fed cut rates by 50 basis points. While the initial market reaction was positive—during which the S&P hit a new ATH (5692)—Powell's comments tempered optimism. Overall, investors remain cautious despite the aggressive rate cut, as the Fed hinted at a slo Sept. 19, 2024, 1:04 a.m.
Wednesday's Markets Update (September 20, 2023) rate3 On Wednesday, the Fed kept the rate unchanged but hinted at keeping it longer. The Nasdaq reacted by correcting sharply as traders' mood changed again from anticipatory to moderately negative. Bitcoin hovered slightly above 27K as bulls lacked positive signals to continue pushing it further. Other n Sept. 20, 2023, 10:57 p.m.
Wednesday's Markets Update (September 25, 2024) rate3 On Wednesday, stocks were mixed, with energy stocks declining while tech stocks gained, led by Nvidia, Intel, and AMD, suggesting strong AI demand. The overall market sentiment remains cautious due to concerns about a slowing economy, despite the recent rate cut. Internationally, the Euro rose (stre Sept. 26, 2024, 2:45 a.m.
Wednesday's Markets Update (September 27, 2023) rate3 On Wednesday, Manufacturing orders rose above expectations and the Nasdaq closed slightly in the green, with Palantir increasing 6.4% on the news that it got $250M for AI services with the Army. BTC attempted to breach a resistance at 27K but then retreated back to 26.3K. Other news: McHenry threate Sept. 28, 2023, 12:40 a.m.
Wednesday's Markets Update (September 4, 2024) rate3 On Wednesday stocks traded mixed but closed slightly in the green, correcting upward after Monday's drop, the sharpest seen since early August. A decline in job openings to a four-year low raised expectations of a larger Fed rate cut. Energy and tech stocks underperformed. Globally, oil prices conti Sept. 4, 2024, 10:41 p.m.
Wednesday's Markets Update (September 6, 2023) rate3 On Wednesday, Nasdaq closed lower as strong economic data raised inflation concerns and bets against Fed rate cuts. The ISM Services PMI unexpectedly jumped to 54.5 in August, pointing to the strongest growth in the services sector in six months. Oil prices held at November level highs, which raised Sept. 17, 2023, 4:34 a.m.
Wednesday's Market Update (Feb 15, 2023) rate3 In the "technicals against fundamentals" war the former prevailed over the later on the Wednesday trading session, again. NASDAQ added 1.4 percent (o:11905, c:12070) while BTC jumped 6.3 (o:22698, c:24145) closing over 24K. Most of the rise came just before a closing bell revealing some individual w Feb. 16, 2023, 12:15 a.m.
Wednesday's Market Update (Jan 4, 2022) rate3 Tuesday's winning game plan was to short on the post-trading session and then to continue buying the resulting deep during all day and (the hazardous part) on the pre-trade. Those who risked it saw the red flashing all over their screen at the Wed's morning when the Bureau of Labor' report showed on Jan. 5, 2023, 2:18 a.m.
Wednesday's Market Update (March 8, 2023) rate3 On Wednesday, Powell continued his testimony to members of the legislature, and the Bureau of Labor Statistics published its January Job Openings report. None of these were aimed at massaging traders' enthusiasm. Powell reiterated his horror stories, which were already familiar to all of us, and JOL March 9, 2023, 3:32 a.m.
Wednesday's Market Update (November 22, 2023) rate3 On Wednesday, Durable goods orders signaled an economic slowdown by declining more than expected, yet jobless claims were lower than forecast. Nasdaq and other major stock indexes closed higher as traders digested this mixed economic data. This increase was driven by gains in tech, communication, an Nov. 23, 2023, 1:45 a.m.
What’s Up with the Fed? rate3 That I am fundamentally against the existence of the Fed shall not be a secret to my readers. The Fed is a 110-year-old relic of the Marxist-Keynesian past, which was included in Stalin’s and Mussolini’s playbook of the ‘scientific management’ of all aspects of human life, first and foremost their e Dec. 20, 2024, 10:22 p.m.
What's Up With The World? (2) rate3 USA - D.O.G.E; China - keeps thinking harder about invading Taiwan; Ukraine - the war moves closer to nuclear warhead deployment; Middle East - calm before a storm; Germany - coalition collapse; France - government almost ousted; Brazil - fiscal crisis; Argentina - Milei's reforms face opposition; S Dec. 10, 2024, 3:01 a.m.
Which currency looks better, USD or Euros and how it relates to BTC and Altcoins markets? Crypto_Steward DXY (an index of the United States dollar value relative to a basket of foreign currencies) has been in a parabolic since May 2021 and the reasons are quite obvious. In 2021 it was caused by the FED's super loose monetary policy, when more than 4 trillion of freshly printed greenbacks were inject July 9, 2022, 2:14 a.m.
Why High Rates Do Not Bother Them? rate3 We have a lot of self-congratulatory comments coming from mainstream media on how “brilliantly” the Boomer-led Fed managed to keep rates at an astronomically high level without hurting economic growth. Let’s look at this BS. They claim that unemployment is low. Really? It’s low among low-paid emp March 14, 2024, 2:53 a.m.

What Is SVET Rating?

SVET Rating is the first public praxiological (human actions driven) rating. It takes into account combine effects of cognitive, emotional and social factors on the decisions of individuals and institutions dealing with crypto currencies and blockchain projects. Uses S.V.E.T. Metrics = System + Vision + Execution + Tokenomics. Includes 16 parameters. Accounts for main drivers of public behavior: technology, economy, organization and psychology. Integrates insights from independent experts and everyday users

SYSTEM
  • Security (safety): for defenders (
    - The Protector: Warm-hearted and dedicated, they are always ready to protect the people they care about.
    );
  • Velocity (scalability): for megalomaniacs (
    - The Commander: Outspoken and confident, they are great at making plans and organizing projects.
    );
  • Engineering (design): for geeks (
    - The Architect: High logical, they are both very creative and analytical.
    );
  • Transparency (decentralization): for crypto punks (
    - The Crafter: Highly independent, they enjoy new experiences that provide first-hand learning.
    );
VISION
  • Singularity (uniqueness): for Individualists (
    - The Artist: Easy-going and flexible, they tend to be reserved and artistic.
    );
  • Volume (market): for Globalists (
    - The Performer: Outgoing and spontaneous, they enjoy taking center stage.
    );
  • Empathy (enthusiasm): for Tribes (
    - The Persuader: Out-going and dramatic, they enjoy spending time with others and focusing on the here-and-now.
    );
  • TimeLine (road-map): for Visionaries (
    - The Mediator: Idealistic with high values, they strive to make the world a better place.
    );
EFFECT
  • Solution (business): for Dealmakers (
    - The Director: Assertive and rule-oriented, they have high principles and a tendency to take charge.
    );
  • Validity (legality): for Lawyers (
    - The Inspector: Reserved and practical, they tend to be loyal, orderly, and traditional.
    );
  • Equity (finance): For Venture Capitalists (
    - The Advocate: Creative and analytical, they are considered one of the rarest types.
    );
  • Team: for Friends (
    - The Caregiver: Soft-hearted and outgoing, they tend to believe the best about other people.
    );
TOKEN
  • Sustainability (stability): for Sages (
    - The Thinker: Quiet and introverted, they are known for having a rich inner world.
    );
  • Value (venture): for Adventurers (
    - The Debater: Highly inventive, they love being surrounded by ideas and tend to start many projects (but may struggle to finish them).
    );
  • Engagement (usability): for Pragmatics (
    - The Giver: Loyal and sensitive, they are known for being understanding and generous.
    );
  • Transactions (speed): for Travelers (
    - The Champion: Charismatic and energetic, they enjoy situations where they can put their creativity to work.
    ).

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