Market analysis for the week

Announcements
15.12.2023
1 2 0

Another working week is coming to an end. It was memorable for the Fed Funds rate (unchanged at 5.5%) and Powell’s soft rhetoric (which the markets were optimistic about).

🔴 The cryptocurrency market has entered a correction. The capitalization of digital assets fell by 3%. After 9 weeks of growth, BTC and altcoins can finally unload a bit. Trading volumes will decline on the eve of the holidays.

December is a historically ambiguous month, with only 60% of cases showing growth.

🟢 The stock market, on the contrary, grew. The price acceleration was provided by the soft rhetoric of the Fed chairman. The S&P 500 gained +2.3% and the Nasdaq +3.3%, breaking the all-time high. The stock market is slowly preparing for the earnings season, which starts on the 12th of next month.

Download the App

Share

Related posts