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Market Recap & Upcoming Week

The past week saw continued momentum in the stock market, with the S&P 500 marking notable gains and several global indexes hitting all-time highs, reflecting robust market confidence.

Despite a rise in rates, equities showed resilience, buoyed by strong Q4 corporate earnings, AI enthusiasm, and solid economic growth indicators.

However, the bond market experienced losses, adjusting to renewed rate hike expectations and economic data suggesting a moderated yet persistent inflation path.

The market’s performance underscores opportunities for diversified investment strategies, focusing on sectors poised for growth as the Fed’s policy shifts.

This week, the focus shifts to a mix of political events and economic indicators that could sway market dynamics.

The political arena will be highlighted by the President’s State of the Union address, Federal Reserve Chair Jerome Powell’s congressional testimony, and the Super Tuesday primary elections, each potentially offering new directions or insights into policy and economic forecasts.

These political milestones are complemented by crucial economic updates, with Friday’s jobs report spotlighting February’s employment trends, closely preceded by data on private sector payrolls and job openings.

In the corporate world, the week is rich with earnings reports from key players across various sectors.

Retail giants Target, Costco, and Ross Stores are scheduled to unveil their earnings, providing a glimpse into consumer spending trends.

Additionally, the tech sector will also be under the microscope, with CrowdStrike and Broadcom among the companies reporting their financial performance.

These reports, coupled with the week’s political and economic events, could offer investors valuable indicators of market health and consumer confidence.

 

Daily Trading Signals (Highlights)

Bitcoin (BTCUSD) – Bitcoin is also on a strong upward trajectory, easily clearing the $55k level and a good chance it will hit the $60k level soon, which will put it near the previous ATHs of $69k. 🔥

 

Congrats! Yup $225 does sound like a good price target.

 

 

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Market Recap & Upcoming Week

Last week’s economic updates presented a mixed picture, with January’s CPI and PPI data coming in higher than expected, causing concern among investors.

Despite this, the overall trend still points towards a favorable direction for inflation, with headline CPI at 3.1% year-over-year, slightly above forecasts but lower than the previous month.

Core inflation remained sticky at 3.9%. On the other hand, PPI inflation showed a year-over-year increase, suggesting that while producer prices are above expectations, they’ve decreased from the highs of 2022.

The data suggests inflation is moderating, albeit with complexities such as the significant role of shelter and rent in CPI figures.

Amid these inflation trends, the market’s expectations for Federal Reserve rate cuts have been adjusted, now anticipating fewer cuts starting possibly in June.

This adjustment aligns more closely with the Fed’s cautious approach, waiting for clearer signs of sustained inflation reduction.

Despite initial market reactions to the inflation reports, there’s a sense of stability as the focus shifts to the upcoming PCE inflation data, the Fed’s preferred inflation metric.

This data, along with the ongoing strength in the labor market and consumer spending, albeit with some signs of slowing, will be crucial in shaping the Fed’s policy direction in the coming months.

This week promises significant developments for investors and policy watchers, starting with a pause on Monday due to the Presidents Day holiday.

Post-holiday, the financial landscape buzzes with anticipation for a series of earnings reports from major companies such as Nvidia, Walmart, Home Depot, and Palo Alto Networks, alongside Intel’s inaugural conference highlighting its foundry business expansions.

These events are poised to offer fresh insights into corporate health and industry trends, potentially influencing market directions.

Adding to the week’s importance, the Federal Reserve is set to release the minutes from its January policy meeting, a move eagerly awaited for clues on future interest rate decisions.

This disclosure, along with speeches from Fed officials, will shed light on the central bank’s current economic assessments and monetary policy outlook.

Furthermore, the government’s discussions on new student loan repayment schemes are on the agenda, potentially impacting broader economic perspectives and consumer sentiment.

 

Daily Trading Signals (Highlights)

Coinbase (COIN) – After correcting almost 40% in the last few weeks, prices have reach a major support level.

Seems like a good low risk entry opportunity with a stoploss around $110, and first target around the previous high.

 

Coinbase (COIN) – Wow this is one of our best trades this year, in just 7 trading days, we made 50% returns!

Congrats to everyone who took this trade with us! 👏🔥💰

 

Ethereum (ETHUSD) – Wow just broke new highs, very strong bullish momentum now.

Congrats to everyone who has been holding with us since $2000+! 💰🔥👍

 

 

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