Another wild week for the U.S. stock markets! The Dow Jones, S&P 500, and NASDAQ gained another 2.2%, while Treasury yields were down around 2%. This is attributable to positive trade war talks with China.
Let us not forget about Oil as well, up over 9% the past two weeks alone, as disasters in Iran escalated supply.
Bitcoin plummeted back below the $10,000 mark last week, after momentum faded away from Facebook’s ($FB) release of Libra, the company’s own cryptocurrency. We all know how volatile Bitcoin (as well as other cryptos) can be, but the 11% drop in /BTC futures show that maybe the world is not quite ready for this yet,
Be ready for another volatile (and exciting) week ahead, as investors are still bullish after the Feds hinted at rate cuts this summer.