SVET Markets Weekly Update – July 1st–5th, 2024 On Week 27, stocks reached new highs as unemployment rose to the highest in nearly three years. Meanwhile, BTC crashed below $54K due to prolonged selloffs by whales amid increasing geopolitical worries, particularly after a significant shift in the UK government where pro-crypto politicians lost their positions…
SVET Markets Weekly Update – June 24th–28th, 2024 On Week 26, markets reflected a mix of economic and geopolitical concerns. Q1 GDP growth slowed to the lowest since early 2022, PCE inflation dipped, and manufacturing activity contracted sharply. Meanwhile, new single-family home sales dropped, as high prices and mortgage rates hinder affordability. In the crypto…
SVET Markets Weekly Update June 17th–21st, 2024 Week 25 was positive for stocks despite disappointing building permits and a declining Philly Fed index pointed to economic softness, with the Nasdaq and S&P gaining on tech giants. At the same time, we saw significant volatility across global markets, with oil prices surging to a 7-week high…
SVET Markets Weekly Update June 10th – 15th, 2024 On Week 24, stocks reached ATHs as the Fed held the interest rate steady at 5.25% and hinted at future cuts. On global markets, the EU stock market declined, impacted by far-right gains in elections, prompting President Macron to call for a snap legislative vote. Most…
SVET Markets Weekly Update – June 3rd–7th, 2024 On Week 16, markets were mixed as investors grappled with conflicting economic data, political events, and concerns about potential interest rate changes and economic slowdown. The week began with stocks declining marginally as lower-than-expected PMI data pointed to a manufacturing slowdown, raising fears of a weakening economy.…
SVET Markets Weekly Update May 27–31st, 2024On Week 22, stock markets ended slightly in the red as economic uncertainty and political developments dominated investor sentiment. The GDP growth was revised sharply down to 1.3%. Inflation remains above the Fed’s targets. Eurozone inflation unexpectedly accelerated, with major economies in the region continuing to decelerate. This combination…
SVET Markets Weekly Update – May 20–24, 2024On Week 21, the major event was the sudden approval of the ETH ETF, which is widely seen as a result of political pressure from the White House on Gary Gensler to attract votes from crypto holders for the DEM campaign. This exciting development underscores the growing strength…
SVET Markets Weekly Update — April 1st – 5th 2024 On Week 14 jobs data fluctuated, leaving analysts bewildered. Meanwhile, Fed officials added to the confusion with their mixed messages on rate cuts. Globally, tensions between aging world leaders led to a downturn in commodities such as oil, gold, silver, zinc, and aluminum. Additionally, food…
SVET Markets Weekly Update (March 18–22, 2024) On Week 12, the Fed kept its rate unchanged while hinting at a hawkish policy reversal. Stock markets reacted with new ATHs, while BTC and ETH still lingered after the massive 10% correction following the quarterly options expiration. In world markets, stock indexes rallied when major central banks,…
SVET Markets Weekly Update – March 11th–15th 2024 During week 11 BTC turned red for the first time in two weeks, while main stock indices, except the Nasdaq, managed to close in green. This comes despite inflation rising unexpectedly to 3.2% and traders being jittery about the outcome of the FOMC’s meeting next week. On…