🔹CONSUMER CONFIDENCE (TUES.)
🔹JOLTS JOB OPENINGS (TUES.)
🔹ADP NONFARM PAYROLLS (WED.)
🔹FED FOMC RATE DECISION (WED.)📆
🔹JOBLESS CLAIMS (THURS.)📆
🔹ISM MANUFACTURING PMI (THURS.)
🔹NONFARM PAYROLLS (FRI.)
🔹UNEMPLOYMENT RATE (FRI.)📆
🔹AVERAGE HOURLY EARNINGS (FRI.)
🔹CONSUMER SENTIMENT (FRI.)

- All three U.S. indexes ended in the green on Thursday after strong U.S. fourth-quarter GDP data, which beat Wall Street expectations. The Dow Jones Industrial Average climbed 0.6%, while the S&P 500 rose 0.5% to a new all-time closing record.
- The latest GDP data showed the economy grew at a rate of 3.3% in the fourth quarter, much higher than Wall Street’s estimates.
- The numbers underlined the U.S. economy’s resilience amid efforts from the Fed to aggressively hike interest rates to fight inflation.
- Thursday’s report also included good news on the inflation front. The core personal consumption expenditures price index posted a quarterly gain of 2%, excluding food and energy — a key gauge the Fed uses when assessing inflation.
- Fed officials are expected to hold interest rates steady when they meet this week, but dramatic inflation progress in recent months has some predicting officials will start cutting borrowing costs at their subsequent gathering in March.

#trading #crypto #BTC #ETF #stocks $BTC

🔹ISM Services PMI - Tuesday
🔹Target $TGT Earnings - Tuesday
🔹ADP Payrolls - Wednesday
🔹JOLTS Job Openings - Wednesday
🔹Fed Chair Powell Testimony - Wednesday
🔹Initial Jobless Claims - Thursday
🔹Fed Chair Powell Testimony - Thursday
🔹Costco $COST Earnings - Thursday
🔹Broadcom $AVGO Earnings - Thursday
🔹U.S. Jobs Report - Friday

- U.S. stocks kicked off March in fresh record territory, with the S&P 500 clinching another big week of gains.
- On Friday the S&P 500 posted gains in 16 out of 18 weeks for the first time since April 1971, according to Dow Jones Market. The index scored a weekly gain of 0.9%📈
- The latest ISM data revealed that factory activity contracted more than anticipated in February, and the Michigan consumer sentiment was sharply revised downward.
- The PCE inflation report provided some relief on inflationary pressures, while higher-than-expected initial claims reinforced the expectation that the Fed might initiate interest rate cuts in June.
- With #bitcoin on a hot streak this past week, investors should brace themselves for a cooling in March. The flagship cryptocurrency exploded in the final week of February, which ended as the best month since 2020
#BTC #TrendingTopic #crypto #stocks

🔹SERVICES PMI (WED.)
🔹MANUFACTURING PMI (WED.)
🔹Q4 GDP (THURS.)
🔹JOBLESS CLAIMS (THURS.)
🔹DURABLE GOODS ORDERS (THURS.)
🔹NEW HOME SALES (THURS.)
🔹CORE PCE INFLATION (FRI.)
🔹PENDING HOME SALES (FRI.)

📌 The S&P 500 Index set new closing and intraday highs for the first time in two years Friday, capping a stunning rebound from 2022’s violent selloff.
📌After peaking two years ago, the S&P 500 shed as much as a quarter of its value before hitting a closing low of 3,577.03 on Oct. 12, 2022.
📌Federal Reserve appears to be done raising interest rates and starting to consider when to begin cutting after the biggest monetary tightening campaign in decades.
📌Futures traders betting on higher crypto prices saw some $217 million in liquidations in the past 24 hours as the approval of spot bitcoin $BTC exchange-traded funds continues to be a “sell-the-news” event, a contrarian bet that shows no signs of slowing📉
📌The price drop caused highly leveraged futures betting on higher prices to see $217 million in losses, with bitcoin trades taking on $88 million in liquidations alone.
#trading #crypto #BTC #stocks #ALT $BTC

Crypto and stock are two different types of assets with unique characteristics and risks associated with them.

Stocks represent ownership in a company and their value is derived from the company's financial performance and future prospects. Stocks are traded on stock exchanges and their prices can be influenced by a variety of factors, including company earnings, economic conditions, and investor sentiment. The ownership of stocks also gives shareholders the right to vote on certain matters related to the company's governance.

Cryptocurrencies, on the other hand, are digital assets that use encryption techniques to secure transactions and control the creation of new units. Unlike stocks, cryptocurrencies do not represent ownership in a company. Their value is derived from supply and demand in the market, as well as the perception of their utility as a store of value or medium of exchange. Cryptocurrencies are not traded on traditional stock exchanges, but on cryptocurrency exchanges, and their prices can be influenced by a range of factors, including global adoption, regulations, and security vulnerabilities.

Both crypto and stocks have their own risks and potential rewards. Stocks are generally seen as more stable investments with lower volatility, while cryptocurrencies can experience high volatility and are generally considered more risky. Cryptocurrencies also have unique characteristics, such as their decentralized nature and ability to enable peer-to-peer transactions, which stocks do not possess.

Ultimately, whether an investor chooses to invest in crypto or stocks will depend on their risk tolerance, investment goals, and market outlook. It is important to do thorough research and seek professional advice before investing in either asset class.

#Binance #crypto2023 #stocks #crypto #bitcoin