📆[11-03 to 18-03]
🔊Upcoming Economical Events To Watch:
🔹CPI INFLATION (TUES.)
🔹PPI INFLATION (THURS.)
🔹RETAIL SALES (THURS.)
🔹JOBLESS CLAIMS (THURS.)
🔹NY FED MANUFACTURING INDEX (FRI.)
🔹INDUSTRIAL PRODUCTION (FRI.)
🔹CONSUMER SENTIMENT (FRI.)
- The stock market, as measured by the S&P 500 index SPX, registered all-time highs again this week.
- A record close on Thursday came after Federal Reserve Chair Jerome Powell said the central bank was "not far" from being able to cut interest rates.
- The Labor Department's monthly jobs report showed the US economy added more jobs than expected in February.
- Meme coins like PEPE, SHIB, and DOGE have surged as much as 26% in the past 24 hours due to a “spillover effect” from the growth of Bitcoin and Ethereum.
- Traders have been using meme coins as a proxy bet on Ethereum’s growth since late February, and the bullish demand for ETH has been increasing since mid-January due to expectations of a spot ETF approval in the U.S.