Another work week is coming to an end in the financial markets. The Fed rate remained unchanged, but J. Powell gave investors confidence in future 3 rate cuts on the back of a strong economy and a “soft landing”.
🔴 The cryptocurrency market failed to continue growing and finally fell into correction. The capitalization of digital assets fell by 7.3%. Short-term holders ramped up their selling even more. And VTS-ETFs have been recording net outflows for 4 days in a row. But it is too early to panic, this correction still fits into the definition of “healthy”.
🟢 The stock market, on the contrary, ended the week in the green zone. The S&P 500 rose by 2.2% and the Nasdaq by 2.63%. The indices once again hit all-time highs — thanks, Fed. The off-season is slowly coming to an end, even though important metrics are increasingly warning of a decline — the market is stubbornly rising. This kind of vertical growth will end sooner or later.
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