Market analysis for the week

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16.02.2024
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The working week was remembered for consumer inflation in the US 3.1%, while expectations were 2.9%. This report did not please the markets, and at the moment, they sank significantly.

🟢 The cryptocurrency market is back in the green zone. The capitalization of digital assets increased by 7.7%. It is worth noting that there were no total liquidations of short positions, and the market was relatively slowly “crawling” upward. Although intraday volatility has increased significantly.

🟡 The stock market slowed down. The S&P 500 ended the week flat at +0.01%, and the Nasdaq fell by more than 1%. This week, the capital moved from growth stocks to value stocks. Next week is likely to close in the red.

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