Gold and Bitcoin Continue to Rise
From Nasdaq:
Nasdaq’s IR team reports high real interest rates and strong economic growth are positive indicators. Markets see a surge in Bitcoin and retail favorites, reflecting FOMO behavior. Large-cap growth outperforms large-cap value YTD, while SMIDs show cheaper valuations. Investors chase quality, with profitability and growth being rewarded in the current market climate. Deutsche Bank notes a possible post-recession rally or bubble forming, with S&P 500 seeing consistent gains. The Fed faces stubborn inflation rates, possibly leading to rate reductions later in 2024. This week, key market indicators show a mix of movements, with some sectors outperforming while others lag. Consumer confidence declines in February, suggesting skepticism in economic growth. Market watchers speculate on a potential rise in negative interest rates in Japan. Major corporate news includes S&P 500 inclusion for Super Micro and potential deals for big industry players like Kering and Mondi. Overall, the market remains cautiously optimistic amidst shifting economic trends.
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