[Chart courtesy of MarketWatch.com] The markets began the day on a positive note as traders sought to maintain the post-election momentum. However, by the end of the session, the major indexes had delivered mixed results. The hope that inflation is under control remains far from reality, a point I have emphasized throughout the year. Today’s Consumer Price Index (CPI) numbers …
Bitcoin Nears $90k Mark, Eyes $100k With Strong ETF Inflows
[Chart courtesy of MarketWatch.com] The markets began the session moving sideways to lower, as traders appeared to take a breather from the highs reached in the post-election rally. Bond yields climbed, with the 10-year yield advancing nearly 0.12% to close at 4.43%, marking its highest level in five months. This increase in bond yields was sufficient to push equities downward …
Dow And S&P 500 Rally As Bitcoin Soars Past $87k
[Chart courtesy of MarketWatch.com] The Dow continued its rally from last week, surpassing the 44,000 mark, while the S&P 500 also made significant strides by crossing the 6,000 level. However, the Nasdaq lagged. With the bond markets closed, trading activity was somewhat limited. Several major banks saw their stock prices rise significantly, contributing to the Dow’s impressive gain of over …
Bitcoin Hits New High As Gold Rebounds And Dollar Slips
[Chart courtesy of MarketWatch.com] The major indexes began the session on a positive note, buoyed by anticipation of the Federal Reserve’s meeting on interest rates. Despite the incomplete election results, traders seemed relieved, dispelling earlier concerns about a prolonged election process. However, any geopolitical news could still trigger significant and sudden swings in asset prices. The much-anticipated Fed meeting concluded …
Election Day Optimism Drives Market Surge
[Chart courtesy of MarketWatch.com] On this election day, traders viewed the market positively, driving the major indexes out of their recent slump and buying a wide range of assets, including stocks, bonds, gold, Bitcoin, and crude oil. Wall Street is closely monitoring not only the Presidential elections, but also which party will dominate Congress, as any sweep could lead to …
Election Uncertainty Weighs On Markets Despite Bond Yield Plunge
[Chart courtesy of MarketWatch.com] The early market movements were characterized by aimless meandering with a slightly positive bias, but ultimately, the major indexes ended the day in the red. This decline occurred despite a significant drop in bond yields, following a relentless rally that had pushed the 10-year yield above 4.3%. Today’s yield drop might indicate that traders are reducing …