Traditional markets are grappling with an upcoming earnings season and, it seems, somewhat tamer expectations.
Welcome to the Weekender: Your weekly round up of all the top stories in the crypto space, as decided by you, our readers. With the crypto bulls back in control, this week’s rich list report from Forbes magazine took the top spot: who are the seven crypto billionaires making all those gains?
In the traditional space, last Friday’s session was marked by disappointing jobs results. The US added 200,000 jobs instead of the estimated (and hoped for) 500,000.
You can feel the fear among the optimism in both crypto and traditional assets.
Today, we’re looking at capital flow back in risk assets. A concern plaguing investors’ minds these days is the US debt ceiling.
With the previous session pushing equity indexes down, we’re now bouncing up thanks to positive manufacturing that hints at a better economic recovery.
Yesterday, markets were supported by the potential for a covid oral treatment. Today, we’re focused on rising rates, economic slowdown, and Fed policy normalization, which forces investors to reconsider valuations.
It’s an interesting time to look at the markets. We’re entering the fourth quarter, typically a good time for investors as people expect more spending and good year-end results.
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