🔊Upcoming Economical Events To Watch [22-29th]:
🔹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.
