SVET Markets Weekly Update – September 9th –13th, 2024 On Week 37, stocks continued to rise, driven by strong performance in the tech and semiconductor sectors. Economic data, including inflation and the PPI, indicated signs of easing, bolstering expectations for a 50-point rate cut by the Fed. Internationally, gold reached a new ATH, and silver…
SVET Markets Weekly Update – September 2–6, 2024 On Week 36, global stocks took a hit, driven by concerns about a weakening labor market and a slump in the tech sector. Locally, job cuts increased significantly, while the unemployment rate remained steady. Crude oil prices plummeted to a thirteen-month low amid fears of a global…
SVET Markets Weekly Update – August 26–30th, 2024 On Week 35, stock markets began to show signs of a slowing uptrend. The Fed’s favored inflation indicator, Core PCE prices, increased at a slower pace. Globally, the dollar weakened to a 13-month low after Powell hinted at rate cuts. Gold hit a new record high as…
SVET Markets Weekly Update (August 19–23, 2024) On Week 16, data revealed weaker job growth, indicating a cooling labor market. Following Powell’s speech at Jackson Hole confirmed expectations for an interest rate cut in September and fueled a market rally. Monday On Monday, stocks maintained their upward trend, capitalizing on the previous week’s gains and…
SVET Markets Weekly Update – August 12–16, 2024 On Week 33, stocks surged, fueled by lower-than-expected producer inflation data and fewer unemployment benefit claims, easing recession worries while maintaining hopes for Fed rate cuts. Meanwhile, BTC and ETH stalled at $60K and $2.7K, respectively, despite the stock market’s upswing. In global markets, gold reached an…
SVET Markets Weekly Update – August 5–9, 2024 On Week 32, stocks and crypto markets plummeted amid recession fears, with the Japanese indexes reaching 1987 lows. However, BTC staged a V-shaped recovery, climbing above 60K after a precipitous drop below 50K. Meanwhile, ETH remained suppressed at 2.5K. In global markets, the dollar and oil declined…
SVET Markets Weekly Update (July 29 — August 2, 2024) On Week 31, the Fed kept interest rates steady at a 23-year high of 5.25%-5.50% for the eighth consecutive meeting, citing progress on inflation but acknowledging ongoing risks. The unemployment rate unexpectedly rose to 4.3% in July, the highest since October 2021. In the Eurozone,…
SVET Markets Weekly Update – July 22–26, 2024 On Week 30, tech stocks plunged, dragging down major indexes as well as BTC (recovered) and ETH as disappointing earnings from tech giants dashed AI-fueled optimism. Alphabet, Tesla, and Visa led the decline, with concerns over spending, revenue, and economic conditions. Meanwhile, the SEC approved VanEck’s Ethereum…
SVET Markets Weekly Update – July 15–19th, 2024 On Week 29, Powell highlighted easing inflation pressures and expressed a commitment to sustainable progress towards the 2% target, which contributed to the DJ hitting a new ATH. Meanwhile, the ECB held interest rates steady at 4.25% in July, as expected, noting that inflation is gradually cooling…
SVET Markets Weekly Update – July 8–12, 2024 On Week 28, stocks experienced a sharp decline with the Nasdaq and S&P crashing due to a classic WS move of ‘selling the news’ after an unexpected drop in the core inflation rate to a three-year low of 3.3% in June. This decline in inflation has amplified…